Annual technical report on EL 25451 Harts Range 1 Project, for the period 22 March 2009 to 21 March 2010

Abstract

This report summarises work completed on Mithril Resources Harts Range 1 Project EL 25451 for the year ending the 21 March 2010. 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. EL 25451 is part of the Harts Range Project (incorporating EL 25451 and EL 25453) and has joint reporting status. Work completed during the reporting period has focussed on EL 25453 where significant nickel sulphides were discovered by Mithril over the last 18 months. This work has included airborne and ground geophysical surveys, aircore, RC percussion and diamond drilling for over $520,000 expenditure. Work completed on EL 25451 has been limited to regional reconnaissance geological mapping and desktop studies. This work has identified a number of areas that require detailed ground follow-up within EL 25451 during the forthcoming year.