EL 28335 Albarta Bore Year 2 Annual report for the period 4 July 2012 to 3 July 2013

Abstract

This report presents work completed during the second year of tenure on the Albarta Bore Tenement (EL 28335), granted to Mithril Resources Ltd (Mithril) on 4 July 2011. EL 28335 is centred approximately 140 km east of Alice Springs. 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. Work completed during the reporting period included: 1 rock chip sample; 9 field mapping points; 4 x Reverse Circulation Holes (223m), 1 x Diamond Hole (210m); and 6 Hand Auger Holes (2m). Drilling intersected thin copper veinlets in brecciated, hematite altered granites at the Bigglesworth Prospect, consistent with IOCG style mineralisation.