30 Exploration Report Exploration  Report Summary Kingsgate has a portfolio of exploration tene- ments and applications in Thailand, Chile and Lao  PDR. Following the sale of exploration tenements  to Caravel Minerals, exploration in Australia is  currently only conducted in the vicinity of the  Challenger Mine in South Australia and the  Bowdens Silver Project in New South Wales. Kingsgate’s South East Asian exploration team  continued their exploration activities on Thailand  and surrounding countries. Strategically the  team has turned the majority of their attention  to projects which have the capacity to add value  to the Company through exploration drilling  subsequent resource expansion. These projects  include the granted Mining Leases at Chatree  and the granted Sayabouly Concession in the  Lao PDR. Outside of these active areas, the South East  Asian exploration team continues to review new  opportunities throughout Thailand, Laos and  their neighbouring countries.  www.kingsgate.com.au