Jinka Project EL 24427 Annual technical report for the period 26 May 2007 to 25 May 2008

Abstract

This report summarises work completed on Mithril Resources Indiana Project Exploration Licence (EL24427) for the year ending the 25th May 2008. The project area is located approximately 300 km northeast of Alice Springs, just south of the Plenty Highway. Work completed over the tenement area during the reporting period included the following: Airborne VTEM survey; Field checking of anomalies; Rock / lag sampling; Ground EM; Recommendations for further work. The VTEM survey identified multiple anomalies that required ground follow-up. Many of these anomalies were first field checked and found to be under thin colluvium cover. Ground EM was then completed over the most compelling VTEM anomalies and resulted in the identification of multiple drill targets. These targets will be drill tested in the next reporting period and ground EM will continue over VTEM targets not covered thus far.