Slide 1: Managing Director's Presentation
For personal use only Managing Director’s Presentation 20 February 2014
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Mithril Resources Limited (Mithril). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though M
Slide 3: Mithril Resources (ASX: MTH)
Mithril Resources (ASX: MTH) For personal use only Actively exploring Copper, gold, nickel Strong in-house capabilities MMG sole-funding NT nickel search WA Goldfields focus Page 3
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Directors Overview Graham Ascough - Non Executive Chairman ASX Code MTH David Hutton - Managing Director Shares on issue 252.5 million Donald Stephens - Non Executive Director and Company Secretary Options (unlisted) 19.3 million Derek Carter - Non Executive
Slide 5: Latest news
Latest news For personal use only Copper Exploration New Meekatharra projects Discussions underway with potential new East Arunta exploration partners Gold Exploration New West Kambalda targets Nickel Exploration MMG continuing to sole-fund NT nickel search (in two JV’s) $1.5M spent to date with add
Slide 6: Meekatharra copper
Meekatharra copper For personal use only New Acquisition Excellent address Big mineralised systems Outcropping copper 700km² landholding: Nanadie Well JV (Intermin) – MTH earning up to 75% by spending $4M over 6 years Copper Hills JV (Doray) – MTH earning up to 80% by spending $1M over 4 years 100%
Slide 7: Nanadie Well (Mithril earning 75%)
Nanadie Well (Mithril earning 75%) For personal use only Drill targets: Nanadie Well Copper Deposit (151Kt metal) Untested geophysical (IP) anomaly immediately adjacent to deposit Historic gold workings (+1oz) Nanadie Well Copper Deposit 10 kilometres Page 7
Slide 8: Nanadie Well Copper Deposit – big upside
Nanadie Well Copper Deposit – big upside For personal use only Big copper system - 2004 JORC Inferred Resource of 36Mt @ 0.42%Cu (151Kt metal) Copper, nickel, PGE’s and REE’s 900m length x 85m (ave) true width From surface to 200m depth Remains open in all directions Mafic hosted? Never been diamond
Slide 9: Nanadie Well Copper Deposit – cross sections
Nanadie Well Copper Deposit – cross sections For personal use only 100 metres 100 metres Page 9
Slide 10: Nanadie Well Copper Deposit – new targets
Nanadie Well Copper Deposit – new targets For personal use only Mafic rocks and structure High grade drill intervals: Yellow (+0.5% copper) Red (+1% copper) Pink (+2.5% copper) New targets 500 metres Resource outline (0.1% Cu lower cut-off grade) Page 10
Slide 11: Nanadie Well Copper Deposit – IP targets
Nanadie Well Copper Deposit – IP targets For personal use only Nanadie Well Copper Deposit Untested IP anomaly 200 metre spaced pseudo sections showing chargeability response Page 11
Slide 12: Copper Hills (Mithril earning 80%)
Copper Hills (Mithril earning 80%) For personal use only Outcropping copper Multiple targets VTEM conductors soil anomalies Existing drill intercepts (i.e. CD6 - 104m @ 0.46% Cu, 0.25g/t Au from 61 metres) Limited deep drilling Data review underway Page 12
Slide 13: West Kambalda gold
West Kambalda gold For personal use only 20 km west of Kambalda 100km² landholding: Spargos Reward – 100% MTH Spargoville JV (KalNorth Gold) – MTH earning 80% by spending $2M over 4 years High-grade gold belt Multiple targets: Spargos Reward – recent MTH drill results: 8m @ 10.30g/t gold incl. 3m @
Slide 14: Logan's Find – new gold and nickel targets
Logan’s Find – new gold and nickel targets For personal use only 4km long gold zone + 50ppb Au anomaly Open along strike 11g/t gold in rock chips Limited drilling: 6m @ 1.65g/t gold from 30 metres + 1,000ppm Ni anomaly Sand cover masks southern strike extent Nickel auger anomalies 1 kilometre Area o
Slide 15: Logan's Find – northern nickel target
Logan’s Find – northern nickel target For personal use only +1,000ppm nickel auger anomaly 600m x 250m in area 5,504ppm Ni (max nickel value) – with coincident copper and PGE’s High MgO ultramafic 400 metres No prior nickel exploration Next step – geological mapping + 1,000ppm Ni anomaly Page 15
Slide 16: Indicative Activities
Indicative Activities For personal use only Field check and drill West Kambalda targets – March 2014 Quarter East Arunta copper exploration partner – June 2014 Quarter Drill Meekatharra copper targets – June 2014 Quarter Drill East Arunta nickel targets (MMG sole funding) – June 2014 Quarter Final t
Slide 17: Resource Inventory
Resource Inventory For personal use only Nanadie Well Copper Deposit (MTH earning 75%) 2004 JORC Code Tonnes Copper % Gold ppm Contained Copper (tonnes) Contained gold (ounces) Classification (Mt) Inferred 36.07 0.42 0.064 151,506 74,233 Refer to Intermin Resources’ ASX Announcement “Initial Resourc
Slide 18: For further information
For personal use only For further information: David Hutton – Managing Director Email - admin@mithrilresources.com.au Webpage - www.mithrilresources.com.au Phone - 08 8378 8200