First and final annual technical report for EL 24240 'Kulgera', for the period 25 January 2005 to 24 November 2005

Abstract

Mithril Resources Ltd was granted Exploration Licence 24240 in January 2005. This EL consists of 50 subblocks covering an area of approximately 154 sqkm and is located on Victory Downs Pastoral Station The main focus of exploration was for Ni/Cu sulphides associated with Giles Complex rock types that were inferred to be present under thin cover throughout the licence area. During the reporting period Mithril Resources completed a broad spaced (1km x 1km) magnetic lag surface geochemical survey over much of the licence area. No anomalous areas were detected during this program indicating the presence of magmatic Ni/Cu mineralisation and the ground was relinquished on the 24th of November 2005.