Year 3 Relinquishment report, 25 February 2006 to 24 February 2009

Abstract

Hale Energy Limited a wholly owned subsidiary of Thor Mining PLC is the holder of four granted exploration licenses including EL24765 in the Harts Range area on the Illogwa 1:250,00 map sheet SF53-15 in the Northern Territory. Regional uranium exploration was conducted over the Harts Range uranium tenements in 1992 and 1995 by PNC Exploration (Australia) Pty Ltd. The implementation of regional reconnaissance sampling of the area by PNC, lead to the discovery of significant uranium mineralisation, which was later followed up by an extensive regional assessment program. Harfort Nominees Pty Ltd a wholly owned subsidiary of Batavia Mining Limited acquired the Harts Range tenements including EL24765 in 2005. In January 25th 2006 Harfort Nominees Pty Ltd was transferred to Hale Energy Ltd and holds a 100% interest in the tenement covered in this report. Exploration activities during 2006 (Year 1) included detailed rock chip sampling and, mapping on the retained area of the tenement only.