Slide 1: Mithril Presentation at Noosa Mining Conference
ASX ANNOUNCEMENT 11 November 2021 MITHRIL PRESENTATION AT NOOSA MINING CONFERENCE For personal use only Mithril Resources Limited (Mithril, the Company) (ASX:MTH) is pleased to announce Managing Director and CEO John Skeet will deliver an investor presentation virtually at the Noosa Mining Conferenc
Slide 2: Copalquin Mining District, Mexico Investor Presentation
For personal use only ASX:MTH Copalquin Mining District, Mexico Investor Presentation 11 November 2021
Slide 3: Important Information
Important Information COMPETENT PERSON For personal use only The release, publication or distribution of this presentation in certain jurisdictions may The information in this report that relates to sampling techniques and data, exploration be restricted by law and therefore persons in such jurisdic
Slide 4: Company Statement
Company Statement For personal use only • To become a highly profitable producer of gold and silver LONGER TERM GOAL from high-grade resources • Discovery of our first high-grade gold and silver deposit in the Copalquin Mining District concessions IN PROGRESS • Located in prolific Sierra Madre Gold
Slide 5: Corporate
Corporate For personal use only Corporate Share Price Performance ASX Ticker MTH 120 $0.0250 Share Price (10 Nov 2021) A$0.017 Shares on issue 2,580m 100 $0.0200 Options & Perf. Rights 33.3m Market cap (undiluted) A$44m 80 Share Volume (M) Debt A$0.00 $0.0150 Cash (end Sept Qtr 2021) A$3.7m 60 $0.01
Slide 6: Mithril's Mexico Focus – Gold and Silver in the Sierra Madre
Mithril’s Mexico Focus – Gold and Silver in the Sierra Madre Plus $1Bn Mining Companies in Mexico* Au Exposure to both gold and silver For personal use only Newmont Corporation Copalquin is a silver district with high Grupo Mexico Ag Franco-Nevada Corporation gold grades Wheaton Precious Metals Co A
Slide 7: Established Geologic Model – Successfully Guided Exploration
Established Geologic Model – Successfully Guided Exploration For personal use only Copalquin District – Dozens of Au-Ag Historic Mines & Workings Geologic Model Welded Ignimbrite Andesites Granodiorite Geologic Model Section • Well established and understood epithermal model for gold and silver • A
Slide 8: Copalquin District Drill Highlights – Months of Drilling
Copalquin District Drill Highlights – 15 Months of Drilling For personal use only 7
Slide 9: High Grade 'Clavos' – El Refugio
High Grade ‘Clavos’– El Refugio • Longitudinal section at El Refugio showing drill hole For personal use only pierce points • Over 700m wide & 350m deep • High-grade ‘clavos’ and multiple gold-silver veins intercepted • High success rate at El Refugio over the 12 months of drilling this target • Exc
Slide 10: High Grade 'Clavo' – La Soledad
High Grade ‘Clavo’– La Soledad Further drilling required to test the gold-silver mineralisation at depth and along strike Highlight Drill Results for La Soledad For personal use only • 3.0m @ 34.72 g/t gold & 3,129 g/t silver from 112m CDH-001 • 4.55m @ 5.64 g/t gold & 325 g/t silver from 91.95m CDH
Slide 11: Large Upside for Gold and Silver in the Copalquin District
Large Upside for Gold and Silver in the Copalquin District For personal use only • Clusters of historic workings run for 8 km from east to west. • Drilling has focused on La Soledad and El Refugio workings areas. • Surface alteration as an indication of epithermal 10km El Indio mineralisation, exist
Slide 12: Drill Target Expansion - Soil Sampling Program
Drill Target Expansion - Soil Sampling Program • Soil sampling is a successful drill target generation tool For personal use only • Drilling to extend west of El Refugio and N La Soledad • El Gallo with its historic workings to the west, is developing well as a future drill La Soledad Drill Area tar
Slide 13: Comparison With Other Regional Epithermal Gold-Silver Districts
Comparison With Other Regional Epithermal Gold-Silver Districts Pinos Altos District ~1moz ‘76 Clavo’ • Multiple mineralisation events typical For personal use only of large epithermal gold and silver deposits such as Palmarejo, San Dimas and Pinos Altos districts Palmarejo • These systems typically
Slide 14: Concept Mine Development – El Refugio
Concept Mine Development – El Refugio Engineering study for an underground drift at El Refugio to take advantage of the topography and allow more efficient drilling of the deposit in all directions from the drift. For personal use only Historic workings at San Manuel, Copalquin 13
Slide 15: Simple Mineralogy and Metallurgy
Simple Mineralogy and Metallurgy For personal use only • Silver as Argentite/Acanthite sulphides • Native gold 2mm to >10 microns • Electrum gold-silver mineral • 0.5mm Minor sulphides (no arsenic) CDH-054 at 292.4m, La Soledad Simple processing for gold and silver • Same mineralogy as Palmarejo re
Slide 16: Work Program El Refugio Next Months
Work Program El Refugio Next 12 months For personal use only 2021 2022 2022 2022 Q4 Q1 Q2 Q3 MAIDEN RESOURCE ESTIMATE (El Refugio-La Soledad) Drilling at El Refugio 1 Drill Rig District Exploration Drilling 2nd Drill Rig Metallurgical Test Work Engineering Study Access Road Engineering Study for Und
Slide 17: Board & Management – Experienced explorers and developers
Board & Management– Experienced explorers and developers For personal use only JOHN SKEET HALL STEWART GARRY THOMAS STEPHEN LAYTON Managing Director & CEO Chief Geologist Non-Executive Director Non-Executive Director •Over 30 years’ experience in gold- •Professional geologist with •Civil engineer wi
Slide 18: Key Take Away Points
Key Take Away Points High-Grade Gold and Silver For personal use only • Copalquin is a silver district with high-grade gold District Scale • Dozens of gold and silver mines/workings throughout the district - multiple drill targets • Compares favourably to other established districts in region – Palm
Slide 19: 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 and CEO, 11 November 2021
Slide 20: Appendix 1: Other Projects – Farmed Out
Appendix 1: Other Projects – Farmed Out For personal use only Billy Hills Zinc (Billy Hills) Mithril • CBH Resources Limited earning up to 80% interest by 100% completing expenditure of A$4M over 5 years • Carnavale Resources earning an initial 80% interest by keeping Kurnalpi Project (Kurnalpi) Mit