CADOUX LIMITED — Interim / Quarterly Report 2013

Jan 30, 2014

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QUARTERLY REPORT FOR THE PERIOD ENDING 31[st] DECEMBER 2013

HIGHLIGHTS

• FYI commits to Thailand potash strategy

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 Targeting high grade, large tonnage, shallow potash deposit
 Special Prospecting Licences submitted for project area
 Project area cover parts of a demonstrated world class potash basin
 Local office established to undertake in-country management responsibilities
 Excellent in-country technical and administrative team assembled
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REVIEW OF OPERATIONS DECEMBER QUARTER 2013

Thailand Potash

As previously announced, FYI has for some time been engaged in a process of evaluating a number of project acquisition or participation opportunities in both Australia and overseas that demonstrate the ability to add significant Company and shareholder value.

Following FYI Resources announcement on 29[th] November 2013 signalling the Company’s intention to pursue a potash strategy in Thailand, FYI has already achieved a number of milestones, being:

• Identified project areas

• Established a local office

• Assembled a local technical and administration team

• Finalised the requisite local company and industrial relations agreements

• Structured and registered a local operating Company “West Mekong Minerals” ( WMM )

• Special Prospecting Licence (SPL) applications submitted

The WMM project is located in the Sakon Nakhon Basin in the northeast of Thailand some 800km from the country’s capital, Bangkok.

FYI believes that the WMM project has the potential to be world class and is extremely pleased to be involved in the development of the project.

A shallow lying, high grade buried evaporitic potash deposit was discovered in the 1970’s in the western part of the Sakon Nakhon Basin as a result of a regional oil and gas exploration drilling campaign conducted by Thailand’s Department of Minerals Resources. Very little regional follow up work has been undertaken since then in other parts of the Basin and in the adjacent Khorat Basin.

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Following a site visit in October 2013, FYI has undertaken a due diligence review, established a local subsidiary, and prepared preliminary agreements with an in-country management and technical team. This in-country management and technical team, known as the Thai Management Group (TMG), consist of local and expatriate professionals with expertise in geology, engineering, accounting and law. With their experience and backing, FYI will have the necessary technical and administrative capability as well as office facilities to implement the Company’s strategy and complete all aspects of project delivery.

To date, many operational and administrative objectives have been achieved and subsequent to the end of the December quarter applications were lodged for Special Prospecting Licences covering an area of 96 square kilometres in northeast Thailand. The preparation of these applications was a protracted process involving many technical, legal, environmental and social inputs. It is a credit to the TMG for facilitating, assembling and submitting the voluminous set of applications in a proficient manner. Their work involved site visits which confirmed the Director’s view on the prospectivity of the project area.

A detailed budget and work program for the general exploration, drilling and development of the project has been structured in collaboration with FYI and the TMG that will be implemented shortly.

Yarlarweelor

No field work was undertaken during the quarter.

Corporate

Since identifying the West Mekong Minerals Potash project in Thailand and recognising its potential to host a world class deposit, FYI has ceased its project generation activities and will focus on the exploration and development of its potash strategy.

About FYI

FYI is an ASX listed natural resources focused public company. The principle assets are the Yarlarweelor Uranium project near Meekatharra in Western Australia and the West Mekong Minerals Potash project in Thailand.

Further Information:

Adrian Jessup Roland Hill Director Chief Executive Officer Tel: (08) 9361 3100 Tel: 0414666178

Interest in Mineral Tenements at 31 December 2013

Tenement	Location	No of Shares	Change in Interest
			During Quarter
E52/2095	Meekatharra	100/100	-
E52/2885	Meekatharra	100/100	-
E52/2885	Meekatharra	100/100	-

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