Hatches Creek EL 22912 and EL 23463 Year 3 Annual report 25 July 2009 to 24 July 2010

Abstract

The Hatches Creek Project is comprised of two exploration licences located in the central portion of the Northern Territory. The project is located about 325km northeast of Alice Springs and 160km southeast of Tennant Creek. Hatches Creek Pty Ltd is a wholly owned subsidiary of Thor Mining PLC. The Hatches Creek Project is comprised of two contiguous tenements EL 22912 and EL 23463. It contains the historical Hatches Creek mining field, which was known as the Hatches Creek Wolfram Field, within which numerous underground mines exploited quartz veins containing wolframite and to lesser extent scheelite, bismuth and copper oxides. Mining of eluvial deposits containing wolframite, gold and copper also occurred. In May 2008 a meeting held at Hatches Creek between Thor personnel, CLC staff and Traditional Owners from the area approved a rock chip and mapping program to assist with planning of future work. The tenements are on Aboriginal Land which means access to the area is restricted to permit holders only, issued on an annual basis, by the CLC. Formal work programmes must be lodged with CLC to allow any ground disturbing activities to commence (i.e. clearing and drilling). Field was not able to be planned or completed during 2010 to date due to ongoing adverse weather conditions covering Central Australia. To date in excess of 500mm of rain has fallen within the area during the first half of 2010.