Final report for EL 22909 Mount Doreen M, 28 July 2002 to 6 July 2005

Abstract

This final report describes all work carried out by Mithril Resources Ltd in Joint Venture with BHP Billiton on EL 22909, Mount Doreen M, Andrew Young Project. Exploration work on the tenement was 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 (EL 10117, EL 9695, EL 22910, EL 23627 and EL 23628). Semi-detailed ground gravity surveys were undertaken across an area interpreted from the aeromagnetic data as being underlain by mafic rocks. A large residual bouguer anomaly was found to correspond with the aeromagnetic anomaly, supporting the interpretation of a large mafic-ultramafic intrusive body. First-pass modelling of the gravity and aeromagnetic data has not identified any potential drill targets on EL 22909, however some were tested the same coincident magnetic and gravity feature on the adjoining exploration licence areas. No field exploration activities were completed during the last year of the licence.