Annual technical report for EL 25453 Harts Range Project 12 March 2013 to 11 March 2014

Abstract

MMG Exploration Pty Ltd entered into an Option and Joint Venture agreement with Mithril Resources Ltd and Oklo Resources Ltd in relation to EL 25453 on 10 September 2013. Since the commencement of this agreement MMG personnel have conducted a detailed review of previous work and available data within the tenement area. Furthermore, MMG commissioned a high-resolution, low-altitude, fixed wing aeromagnetic survey which was completed during Oct-Nov 2013 just prior to the onset of the expected wet season. This aeromagnetic survey was part of a larger exploration program within this region of which a total of 11,999 line km was partially flown over EL 25453. The survey was flown with N-S flight lines with 50m spacing and a nominal terrain clearance of 35 m and tie lines orientated E-W with 500m line spacing. The aeromagnetic data is being used to attempt to define Lloyd Gabbro Suite intrusions under cover within the Irindina Basin for potential follow-up work. Multiple aeromagnetic anomalies identified in the new dataset were investigated via desktop-based interrogation and field checked during February, 2014.