EL 27178 Lizzie Creek Year 2 Annual report for the period 6 November 2010 to 5 November 2011

Abstract

The tenement area has been held by numerous other companies who have explored for gold, base metals, industrial minerals and Uranium. Mithril first applied for the ground with a view to explore for Nickel sulphide deposits whilst remaining open minded to opportunities provided by other commodities. Exploration has focused on the Harts Range Group and in particular the Riddoch Amphibolites. Work completed during the reporting period included; Data compilation and review of exploration data; 697 line kms of airborne EM; and 5 float and rock chip samples. A number of high priority VTEM targets were identified and some were followed up on the ground. Copper anomalous rock ship samples were identified at one location. Many other targets need to be field checked and this work is planned for next year. The remote rugged area where the VTEM anomalies are located make the area logistically difficult to access.