Andrew Young Project EL 23628 -MT Doreen. Annual Technical Report for the period 7th April 2003 to 6th April 2004.

Abstract

This annual report describes all work carried out by Joint Venturers BHP Billiton and Mithril Resources on EL 23628, Andrew Young Project, during the first year of tenure ended 8th April 2004. Exploration work on the tenement is aimed at discovering Proterozoic ultramaficrelated Ni-Cu mineralisation. Throughout most of the reporting period work was confined to office-based studies, in particular the compilation of existing data, processing and modeling GEOTEM data flown in 1999 and generating targets from this data. A brief reconnaissance field trip was undertaken to the area. Non-exploration work included the finalisation of an Exploration deed between the Joint Venture partners and the Central Land Council in March 2003. Recent work on adjacent ground has indicated that the GEOTEM survey did not penetrate conductive cover and other methods of generating drill targets are currently being considered.