Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — Mining Resources 2014 Convention

23 slides from Mithril Silver And Gold's conference presentation, Oct 29, 2014

1. Slide 1: David Hutton, Managing Director

   For personal use only David Hutton Managing Director 30 October 2014

2. Slide 2: WA Goldfields: Actively exploring copper nickel, new targets

   For personal use only WA Goldfields Actively exploring Copper Nickel New targets FOCUS 2

3. Slide 3: 1 for 2 offer at 0.7c to raise $1.1M

   For personal use only  1 for 2 at 0.7c to raise $1.1M  30% discount to share price prior to announcing  Record Date – 6 November 2014  Closing Date – 25 November 2014  Cash post completion ~ $2M (assuming full take up) High - 1.7c Stark results 0.7c Offer Price Low - 0.6c 3

4. Slide 4: Copper, nickel, gold projects

   For personal use only  Copper, nickel, gold  1,200km² landholding  3 Projects:  Nanadie Well - (Intermin JV) MTH earning 75% by spending $4M over 6 years and 100% - owned applications  Copper Hills - (Doray JV) MTH earning 80% by spending $1M over 4 years  Duffy Well - new 100% owned applicati

5. Slide 5: Big deposits need big plumbing systems

   For personal use only  Big deposits need big “plumbing systems”  Faults and shear zones act as “plumbing systems”  Nanadie Well lies on the Youanmi Shear Zone  Represents fault boundary between Murchison and Southern Cross Terranes 5

6. Slide 6: Seismic data shows Youanmi Shear Zone extends to 25km depth

   For personal use only  Seismic data shows Youanmi Shear Zone extends + 25km depth  Nanadie Well Deposit and Stark Prospect sit on this structure Nanadie Well Deposit Stark Prospect Seismic Section 6

7. Slide 7: JV agreement signed late December 2013

   For personal use only  JV agreement signed late December 2013  Key attractions:  Existing mineralisation  Exploration upside  Application of new geological ideas 7

8. Slide 8: Nanadie Well Deposit

   For personal use only  Nanadie Well Deposit  151Kt copper, 74Koz gold  Mafic host rocks  Soil cover  Limited drilling along strike 8

9. Slide 9: High tenor copper sulphides

   For personal use only  High tenor copper sulphides  Individual metre samples up to 5.7% copper and 2.37g/t gold  Majority of historic assays – copper and gold only  Ground EM does not detect the deposit 0.92% 0.96% 2.49% 0.44% 1.05% 1.28% 1.70% 1.65% 1.62% 1.17% Copper (%) assay values for indiv

10. Slide 10: Mithril resampling and petrology

    For personal use only  Mithril resampling and petrology  Recognition of nickel sulphides  New exploration models  New target areas cpy py viol Polished section - NRC12011, 113-114m Pale yellow chalcopyrite (cpy), weakly purplish grey violarite (viol), and white pyrite. (py). Field of view 1.5mm

11. Slide 11: Western Trend and Eastern Trend

    For personal use only  Western Trend  3 km bedrock copper zone surrounding Nanadie Well Deposit  Eastern Trend  Untested IP anomaly – what is it?  No effective drilling IP Chargeability image on TMI magnetic background image 11

12. Slide 12: Subcrop and thin soil cover

    For personal use only  Subcrop and thin soil cover  Mafic rocks  Gossan recognised April 2014  Gossan sampling - 8.86% copper, 0.44% nickel and 216ppb PGE’s  No effective drilling or prior geophysics 12

13. Slide 13: Surface mineralisation remains open along strike

    For personal use only  Surface mineralisation over 800 metres - remains open along strike  Up to 0.94% copper, 0.44% nickel and 1,240ppb PGE’s in recent auger sampling  Indicative of magmatic copper nickel sulphide system 13

14. Slide 14: EM geophysics undertaken August 2014

    For personal use only  EM geophysics undertaken August 2014  Three new bedrock EM conductors  At and along strike from Stark  Shallow depths (≤ 150 metres)  Sub vertical dips  No graphite or black shales observed in geological mapping  Modelled conductances (800 – 1800S) consistent with a sul

15. Slide 15: Coincident IP chargeability anomaly

    For personal use only  Coincident IP chargeability anomaly  No previous drilling, but anomalous copper - nickel - PGE’s in closest drill hole  250 metres strike length, steep west dipping from 60 metres  No outcrop NRC04014 – 0.2%Cu, 0.07%Ni, 159ppb PGE’s 250 metres Bedrock EM Conductor Plates P

16. Slide 16: Target lies beneath Stark gossan

    For personal use only  Lies beneath Stark gossan  Strike length - 450 to 500m  No effective drilling with two previous holes 250 metres missing target Bedrock EM Conductor Plate Stark mineralised zone, 2014 Ch. 18 EM image (Z-axis) and drill holes 16

17. Slide 17: Third EM target, no outcrop

    For personal use only  No outcrop  220 metres strike length, steep east dipping from 70 metres  No previous drilling, but disseminated sulphides in closest drill hole Disseminated sulphides in drill hole 250 metres Bedrock EM Conductor Plate Plan showing 2014 Ch. 18 EM image (Z-axis) and drill ho

18. Slide 18: POW approval and drilling this quarter

    For personal use only  POW Approval  $150K WA Government co-funded drilling grant  Heritage Clearance Surveys - underway  RC Drilling (~1,500 metres) and downhole EM surveying as initial test - this Quarter Damien Mizow – Senior Geologist 18

19. Slide 19: Focus: Stark Prospect

    For personal use only WA Goldfields Actively exploring Copper Nickel Stark Prospect FOCUS 19

20. Slide 20: Overview, Directors and Management

    For personal use only Overview Directors and Management Shares on issue 315.6 million Graham Ascough Non Executive Chairman Options (unlisted) 22.1 million David Hutton Managing Director Market Cap $3.1M Derek Carter Non Executive Director Cash (30/9/2014) $1.1M Richard Bonython Non Executive Direct

21. Slide 21: Nanadie Well Copper Deposit

    Nanadie Well Copper Deposit (MTH earning 75%) For personal use only 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 Resource Estimate for th

22. Slide 22: Disclaimer

    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 For personal use only good faith. Certain information in this document has been derived from third parties and though Mithril has

23. Slide 23: Contact details

    For personal use only  Website – www.mithrilresources.com.au  Email – admin@mithrilresources.com.au  Phone – 08 8378 8200  Follow us on MithrilResources@MTHResources 23

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