Annual report for EL 25451 Harts Range 1 Project for the period 22 March 2008 to 21 March 2009

Abstract

This report summarises work completed on Mithril Resources Harts Range 1 Project Exploration Licence (EL25451) for the year ending the 21st March 2009. The project area is located approximately 180 km northeast of Alice Springs, south of the Plenty Highway and straddles the Huckitta and Illogwa Creek 250,000-scale map sheets. Mithril entered into a joint venture on this tenement early in 2008 as part of the Harts Range Project (ELs 25451 and 25453). During the year Mithril completed historical exploration analysis of all work completed on the Project. A number of field trips to the project area (EL25453) identified outcropping Nil - Cu - PGE gossans on the contact between a gabbroic body and a felsic gneiss now know as the Blackadder Prospect in what Mithril believes is a new nickel sulphide province. As a result of this discovery field work was concentrated on EL25453. During 2009 Mithril plans to continue geological mapping and rock chip sampling.