Harts Range Project EL 25451 and EL 25453 Annual technical report for period 22 March 2010 to 21 March 2011

Abstract

This report summarises work completed on Mithril Resources Harts Range Project Exploration Licence (EL 25451 and EL 25453) for the year ending the 21 March 2011. 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 and EL 25453 are part of the Harts Range Project and has joint reporting status. Work completed during the reporting period has focussed on EL 25453 where significant nickel sulphides were discovered by Mithril in 2009 and more recently gold. Work completed has included airborne geophysical surveys (VTEM), ground geophysical surveys (gravity), geological mapping and surface geochemical sampling (rockchip and soil samples). Further significant work is underway on the project, including further geological mapping and sampling and a VTEM survey is planned on both ELs in April 2011.