Slide 1: Copalquin Mining District, Mexico
For personal use only ASX:MTH Copalquin Mining District, Mexico IMARC 2-4 Nov. 2022
Slide 2: Disclaimer, Forward Looking Statements and Previous Disclosures
The release, publication or distribution of this presentation in certain jurisdictions PREVIOUS DISCLOSURES may be restricted by law and therefore persons in such jurisdictions into which this The information in this presentation that relates to Mineral Resources or Ore Reserves is based presentatio
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT ASX Ticker MTH Top 20 Shareholders Share Price (25th October, 2022) A$0.005 Board & Management 26.0% For personal use only Shares on issue 2,940m Institutional 5.2% Options & Perf. Rights 175m & 33.3m Other 17.6% Market cap (undiluted) A$15m Debt - TOTAL TOP 20 48.8% BOARD & MANAG
Slide 4: Mexico & Project Overview
For personal use only MEXICO & PROJECT OVERVIEW
Slide 5: Sierra Madre Gold-Silver Trend
SIERRA MADRE GOLD-SILVER TREND Dolores 2.4Moz Au 94Moz Ag MAJORS ACTIVE IN REGION La India Mulatos 4.5Moz Au For personal use only Pinos Altos 3.6Moz Au AGNICO EAGLE MINES LIMITED Ocampo 2.9Moz Au 126Moz Ag 100Moz Ag FIRST MAJESTIC SILVER CORP. FRESNILLO PLC Orisyvo 9.6Moz Au PAN AMERICAN SILVER COR
Slide 6: Copalquin Highlights
COPALQUIN HIGHLIGHTS • MAIDEN JORC RESOURCE IN ONLY 15 MONTHS OF To For personal use only Au Ag g/t DRILLING – 529KOZ AUEQ From Interva Length AuEq* Hole ID interval interval AuEq* x Interval l Interval (g/t) (g/t) (g/t) m (m) (m) (m) LA SOLEDAD • HIGHEST GRADE MAIDEN RESOURCE RELEASED FOR CDH-001 1
Slide 7: Progress in the District
For personal use only PROGRESS IN THE DISTRICT
Slide 8: Resource Growth - District Middle Mineralised Trend
RESOURCE GROWTH DISTRICT MIDDLE MINERALISED TREND For personal use only • EXPANSION OF THE EL REFUGIO RESOURCE ALONG WEST AND EAST • SIGNIFICANT DEPTH POTENTIAL CONFIRMED BY RECENT DRILLING AND PETROGRAPHY • DEVELOPMENT OF THE DRILL TARGETS EAST ALONG THE MIDDLE TREND OF MINERALISATION 700m quartz b
Slide 9: Resource Growth - Copalquin District South Mineralised Trend
RESOURCE GROWTH COPALQUIN DISTRICT - SOUTH MINERALISED TREND For personal use only • CONTINUE TARGET DEVELOPMENT AROUND THE HISTORIC MULTI-LEVEL MINE OF SAN MANUEL • CONTINUE TARGET DEVELOPMENT AT LAS BRUJAS-EL PERU – HIGH-GRADES IN WORKINGS • MAPPING AND SAMPLING (SOILS & ROCK CHIP) – BEST TARGET I
Slide 10: Maiden Mineral Resource Estimate - High Grade
MAIDEN MINERAL RESOURCE ESTIMATE – HIGH GRADE 2,416,000 TONNES CONTAINING UPSIDE FOR THIS TYPE OF RESOURCE For personal use only 373,000 OZ GOLD @ 4.80 G/T • HIGH-GRADE UNDERGROUND MINING 10,953,000 OZ SILVER @ 141 G/T • LOW PLANT CAPEX FOR HIGH METAL PRODUCTION TOTAL 529,000 OZ AUEQ* @ 6.81 G/T AUE
Slide 11: Mining Concepts Study - El Refugio
MINING CONCEPTS STUDY – EL REFUGIO 529,000 oz AuEq (373,000 oz Au + 10.9 Moz Ag Mining concepts study – For personal use only (4.80 g/t Au + 141 g/t Ag) conventional mining methods - 1,200m RL Early access to very high- grade via 300m horizontal adit - 800m RL CDH-077 Potential High-Grade Veins e.g.
Slide 12: Metallurgy - High Recoveries, Standard Flowsheet
METALLURGY – HIGH RECOVERIES, STANDARD FLOWSHEET GOLD – 96% FLOTATION/LEACH RECOVERY SILVER – 91% FLOTATION/LEACH RECOVERY CRUSH/GRIND For personal use only HIGH FLOTATON RECOVERIES HIGH CYANIDATION RECOVERIES FLOTATION 75 µm Au Flotation Kinetics Au / Ag Leaching of Flotation Concentrate 100 100.0
Slide 13: Regional Analogues - Depth Potential
REGIONAL ANALOGUES – DEPTH POTENTIAL Pinos Altos Mine – Composite Longitudinal Section For personal use only 1,000m 300m First Majestic Silver - San Dimas – Tayoltita Mine Depth Upside ~700m 1,250m
Slide 14: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE • Exploration work using man-portable diamond core drill For personal use only • Drilling contractor with developed environmental management practices • Future mine development – Small Footprint underground mining, high-grade, low tonnage, waste rock storage unde
Slide 15: The Opportunity
THE OPPORTUNITY • COPALQUIN – A SILVER DISTRICT WITH HIGH-GRADE GOLD – A DISTRICT SCALE PROPERTY - OVER 10KM STRIKE LENGTH For personal use only TO EXPLORE • HIGH-GRADE MAIDEN RESOURCE – 141 g/t SILVER + 4.80 g/t GOLD FOR 529KOZ AuEq. AND EXCELLENT GROWTH UPSIDE PLUS DISTRICT WIDE • 91% SILVER AND 9
Slide 16: For personal use only
For personal use only John Skeet Mark Flynn Managing Director/CEO Investor Relations +61 435 766 809 +61 416 068 733 jskeet@mithrilresources.com.au mflynn@mithrilresources.com.au mithrilresources.com.au Authorised for release by John Skeet, MD & CEO Mithril Resources Limited