Annual Techical Report for EL 26942 Leaky Bore reporting period 5 August 2013 to 4 August 2014

Abstract

This report summarises work completed by MMG Exploration Pty Ltd (MMG) and Mithril Resources Ltd (Mithril) on the Leaky Bore Exploration Licence for the year ending 4th August 2014. The Leaky Bore tenement is located approximately 150km northeast of Alice Springs and south of the Plenty Hwy. The tenement forms part of the larger Huckitta Project. Regionally, the Huckitta Project is located in the far eastern Arunta Block on the boundary between the Proterozoic Aileron Province and the Cambro-Ordovician Irindina Basin. The principal exploration target is mafic-ultramafic hosted Ni-Cu-PGE sulphide deposits. Work completed on EL 26942 during the reporting period includes; a High Resolution Aeromagnetic Survey (1,912 line km) and Geoscientific desktop studies. The aeromagnetic data is being used identify mafic-ultramafic intrusions under cover within the Irindina Basin. Multiple aeromagnetic anomalies identified in the new dataset were investigated via desktop-based interrogation and field checked during February, 2014.