MLN 21 Annual report for the period 19 March 2009 to 19 March 2010 Copperfield

Abstract

MLN 21 was originally granted on 19 March 1953. The title was purchased from Normandy Mines in about 2004 by Corporate Developments P/L to provide high-grade ore with the potential to be trucked to Mt Wells for treatment. Corporate Developments Pty Ltd was acquired by Outback Metals Limited in 2007 and is now a wholly owned subsidiary of Outback Metals Limited. The commodities of interest for MLN 21 are silver, gold, copper and uranium. No mining has been carried out as the resources of this Mineral Lease are proposed to be treated through the Mt Wells mill, which is not yet operational. The resources within this mineral lease do not justify a stand-alone operation. The work proposed for MLN 21 is to proceed with resources definition once firm plans are made to develop the Mt Wells copper/tin mine and processing plant.