Hodges Resources (HDG)

Shares / Stock Code

HDG

Stock Exchange / Sharemarket

ax

Hodges Resources (HDG) is a gold and nickel exploration company focused on its Mulwarrie project in Western Australia. Its exploration activities are concentrated in Australia. Hodges Resources was incorporated as a public company on 17 August 2005 for the purpose of acquiring the Mulawrrie Project within Western Australia. The company listed on the ASX on 20 October, 2005.

Moliagul Project

The Moliagul project is a molybdenum (Mo) and gold (Au) project located ~15 kilometres east of Tarnagulla in northern Victoria, Australia. Hodges currently holds a 90% interest in Moliagul.

Historically, the area has been subject to sporadic mining and exploration for both commodities. The mining and exploration resulted in only limited production during the First World War (1914 – 1918) while exploration completed principally during the early 80’s returned encouraging results but was never adequately followed up.

The deposit is characterised by widespread mineralisation associated with stockwork veining along the margins of a granodiorite host. Very little modern exploration had been undertaken on the extensive geochemical anomaly.

Since entering into the option on the project, Hodges has completed 18 diamond drill holes (MM8 – MM25) for a grand total of 3,235m. The drilling successfully identified significant grade molybdenum mineralization from surface to depths of 250m (the limit of drilling) over the previously identified soil and rock anomaly.

The main Mo zone at Moliagul has substantial open-cut potential. Prospectivity in the surrounding area also appears good. Moreover, Moliagul contains a subsidiary target of regional gold mineralised structures extending over several kilometres, with little or no modern exploration in the area to date.

Access to the area is good, with the majority of the tenement encompassing either state forest or broad-acre wheat/sheep farming land. The climate is temperate, the terrain varies from plains to hilly and the main area of mineralisation occurs as a northwest-trending ridge less than 400 metres above sea level.

Sweden Project

It is located on the southern aspect of the Scandianvia Penisula, Sweden has established itself as a intergigal part of the European Union. It has a very stable democratic goverment, compedative corporate tax strucutre, a highly skilled work force, and very good, highly developed transportation and communication systems.

Sweden is the leading miner and the major gold, silver, copper, lead and iron ore producer in the European Union. Its mining history is believed to have been active for the last 1,000 years. It has a strong mining tradition which has benifited the economy for hundreds of years. Many mining suppliers and technology has come from this country.

Nörr Döttern Project

The Nörr Döttern project consists of four exploration licenses located within the Arvidsjaur uranium province of northern Sweden. Uranium mineralisation was originally discovered within the area by the Swedish Geological Survey (SGU) during the mid- 1970's using boulder tracing.

Historical surface sampling, mapping, trenching and ground geophysics completed during 1974-1975 resulting in the discovery of eight significant uranium bearing prospect areas associated with discrete mineralised boulder fields and locallised areas of mineralised bedrock.

Harrejokk Project

The Harrejokk Project consists of two exploration licenses Harrejokk West (~50Ha) and Harrejokk East (~100Ha) which are located within the Arjeplog – Arvidsjaur uranium province of northern Sweden. Licences were staked over areas of known uranium mineralisation originally discovered by the Swedish Geological Survey (SGU) in 1970 and are located ~9km north-west of Continental Precious Minerals “Pleutajokk Project” (5-6MIb @0.1%U3O8).

Mineralisation is hosted either by a series of meta-felsic granite, monzonite, syenite units (c. 1.88-1.87 Ga) and/or slightly younger (c. 1.85-1.75 Ga) non-magnetic granite and pegmatite units. To the south a series of mafic to felsic meta-volcanic units occur and are interpreted to have been juxtaposed by a major NW – SE trending composite fault system. To the west basement sequences have been overlain by a variably deformed and metamorphosed sequence of sedimentary rocks (conglomerate, sandstone, arkose, greywacke, siltstone, shale, limestone, dolomite) assigned to the Caledonian orogenic belt.

Åsnebogruvan Project

Åsnebogruvan Project consist of the continuous Åsnebogruvan nr 100 (686Ha) and Täppetjärnet nr 100 (446Ha) exploration licences which are located within the Vasta Gottalands province of south-western Sweden. The project was originally staked to cover multiple occurrences of stratabound U, Fe, Cu and REE bearing poli-metallic mineralisation originally identified by the Swedish Geological Survey (SGU) in the 1960’s.

The geology of the project area is dominated by sedimentary rocks of the Dal Group which unconformably overly an older crystalline basement composed of gneiss and granite. Uranium mineralisation is partly hosted within lower albite altered schist sequences of the Dal Group but also within fault and fracture zones or hematite breccia bodies. The presence of localised younger intrusives, hematite bearing breccias and a multi commodity signature of mineralisation has drawn some comparisons with an IOCG mineralisation style.

Sjaule Project

The Sjaule project consists of a single ~201Ha exploration licence which is located within the County of Jämtland, north-central Sweden. The project falls wihtin the Hotagen Inlier uranium province and is respectively located 13km NE and 30km NNW of Mawson Energi AB high grade Flistjarn and Hartogen Projects.

Uranium mineralisation was originally discovered by the SGU at Sjaule in 1975 during a uranium directed regional reconnaissance sampling program. Following the return of anomalous results a program of follow-up airborne radiometrics, mapping, scintillometer and gamma ray surveying plus rockchip sampling was implemented resulting in the successful identification of uranium bearing outcrops. Multiple drill targets were defined however, no drilling was completed.

Mineralisation at Sjaule is mainly related to a northeast-trending, steeply dipping fracture zone measuring 700m x 950m which has developed at an oblique angle to a major local thrust front. Thrusting resulted from the juxtaposition of a sequence of Paleozoic sedimentary rocks over older Precambrian felsic intrusive basement. Well developed mylonite and breccia which are also fluorite and uranium bearing are present along trust surfaces. Uranium is present as pitchblende (uranium oxide) and brannerite (uranium - calcium - titanium – iron complex). Results of five surface rock samples collected by the SGU in 1976 over the main 20m x 300m mineralised zone returned up to 0.57% U3O8 with an average of 0.22% U3O8.

Kåtåberget (Mo)

The Kåtaberget Mo project is located with Arvidsaur Mo – W – Sn province of NE Sweden. Historically, molybdenum mineralisation was first discovered by a private prospector in 1970. Follow-up geological studies were completed by Boliden Mineral AB and the Swedish Geological Survey within the area during the 1970’s however depressed global molybdenum prices at the time were considered too low to justify further exploration.

Historical exploration completed included: mapping, boulder tracing, geophysical surveying (ground magnetic, VLF, EM and IP), trenching and the excavation of a 800m2 area. Sampling of mineralised boulders/outcrop returned molybdenum grades up to 0.3% while results of geophysical surveying indicated that mineralisation is situated centrally within a large (5km) diaper structure.

Principal geological units within the project area consist of intermediate to felsic volcanics which have been intruded by a series of sub-volcanic to later orogenic felsic intrusive. Molybdenum mineralisation is interpreted to have probably formed within the roof zone of a late “Revsund type” orogenic granite and locally hosted by either coarse grained aplite or lesser pegmatite.

Molybdenum occurs as irregularly distributed aggregates associated with fluorite and lesser amounts of pyrite and chalcopyrite. Presently at the project an area of 200m2 x 85m2 has been defined with a grade of ~0.05% Mo however, mineralisation remains open to the south and south-west.