ERL 125, MCN 984, MLN 1157, MLN 1158, MLN 1159 and MLN 1161 Mount Fitch Annual report for the year ended 22 August 2009

Abstract

This report for ERL 125, MCN 984 and ML's N1157, 1158, 1159 and 1161 covers work carried out during the period from 23 August 2008 to 22 August 2009. HNC (Australia) Resources Pty Ltd (HAR) became responsible for activities on the titles covered by this Report from 1 May 2009. During the reporting period several campaigns of reverse circulation percussion (RC) drilling were undertaken at both the Area 55 and Mount Fitch Zone prospects to further delineate the oxide resource and to explore for adjacent sulphide mineralisation and oxide extensions. A program of diamond drilling was also carried out on the Mount Fitch Zone. These efforts proved successful in expanding the known resource.