Harts Range Garnet Project Technical group report Year ending 22 January 2010 EL 10150 and EL 10372

Abstract

The Harts Range Tenements EL 10150 and EL 10372 are located along the valley of the Plenty River and cover 126.12km2. Olympia has been exploring in the Plenty River valley since 1997 and has identified a large resource of premeium grade garnet in the floodplain of the Aturga Creek, a tributary of the Plenty River. In 2009-2010 Olympia underwent a corporate re-arrangement, including changing its name to Matilda Zircon Ltd. This change of name and accompanying change of emphasis resulted in a re-ssessment of the Harts Range project as a whole including: Assessment of the resource potential of the Riddoch dunes on EL 10150; Review of the resource potential east along the Plenty River; Review of ground with aboriginal clearance with respect to potential resources on EL 10372. In 2009 Olympia intends to continue to explore EL 10150 but due to access restriction it intends to surrender EL 10372. It is expected that a drilling programme will be completed in the second half of 2010.