ERL 125, MCN 984, MLN 1157, MLN 1158, MLN 1159, MLN 1161 Mount Fitch Annual report from 23 August 2009 to 22 August 2010

Abstract

Mount Fitch Zone: Up to date resource modelling was the only activity undertaken in the MFZ this year. This was due to the focus on Area 55. Area 55 A lot of work was initiated at the Area 55 prospect this year as the company had planned to restart the oxide project at Browns. Due to certain circumstances the company has decided to place the oxide project under care and maintenance leaving the work that had been started on hold. Even though the work has not been completed for reporting purposes there is still hope that the oxide project may be restarted in the near future. A summary of the work initiated is below and costs to date are summarised in the expenditure report. Ground water modelling; Tailings dam design; Community consultation; Acid mine drainage testwork (this will remain ongoing as a minimum 12 month period is recommended for the leach trials); Further metallurgical testing; Updated resource modelling; Weed control; Radon modelling; EIS submission