Annual technical report for EL 9695 'Mt Doreen E', 14 May 2004 to 13 May 2005

Abstract

This annual report describes all work carried out by Joint Venturers BHP Billiton and Mithril Resources on EL 9695, Mount Doreen E, Andrew Young Project during the annual period ended 13 May 2005. Exploration work on the tenement is aimed at discovering Proterozoic ultramafic-related Ni-Cu mineralisation in the Arunta province and exploration of the licence area is conducted in conjunction with the surrounding EL's 10117, 22909, 22910, 23627 & 23628. Two air core holes (totalling 106 m) were drilled to test features interpreted from magnetic surveys. The basement from the 'Newhaven Complex' was shown to comprise hornblende-biotite granodiorite (hole AYAC01) and hornblende-biotite-pyroxene quartz monzodiorite (hole AYAC02). No mafic or ultramafic rock types and no signs of mineralisation were intersected. It is concluded by Mithril that the magnetic feature of 'Newhaven Complex' does not meet the criteria to justify it's continued exploration.