Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (February 2018)
19 slides from Mithril Silver And Gold's investor presentation, Feb 19, 2018
Slide 1: Investor Update Presentation
Investor Update Presentation For personal use only Nickel Cobalt Zinc Copper MITHRIL RESOURCES LTD David Hutton | Managing Director 19 February 2018
Slide 2: Snapshot
Snapshot For personal use only 1. Drilling new bedrock EM conductors & high-grade nickel cobalt (Kurnalpi) 2. New targets along strike from +10% zinc + lead drill hits (Billy Hills) 3. Assessing new copper zinc targets (Southern Target Area) 4. $5M market cap 19 February 2018 Mithril Resources Inves
Slide 3: 2018 Planned Activities
2018 Planned Activities For personal use only Project Activity Jan Feb Mar Apr May Jun Jul Aug Sep EM geophysics Kurnalpi Drilling Target Billy Hills Generation Tenement Grant Southern Target EM geophysics Area 19 February 2018 Mithril Resources Investor Update 3
Slide 4: Kurnalpi Nickel Cobalt – MTH 100%
Kurnalpi Nickel Cobalt – MTH 100% For personal use only • Kalgoorlie, WA • Established mining district • RC drill program underway 19 February 2018 Mithril Resources Investor Update 4
Slide 5: Multiple targets at Kurnalpi
Multiple targets at Kurnalpi For personal use only High-grade nickel-cobalt prospect (being tested by current drilling) New bedrock EM conductors (being tested by current drilling) Two poorly tested ultramafic units (field inspection during current drill program) Historic drill intercept not followe
Slide 6: High grades at Kurnalpi
High grades at Kurnalpi For personal use only • Some of the historic drill intercepts; 42m @ 1.25% nickel, 0.07% cobalt from 24 metres including 6m @ 1.78% nickel, 0.20% cobalt, 10m @ 0.70% nickel, 0.11% cobalt from 30 metres including 3m @ 0.92% nickel, 0.21% cobalt, 19m @ 1.08% nickel, 0.07%
Slide 7: Nickel sulphide potential at Kurnalpi
Nickel sulphide potential at Kurnalpi For personal use only • High MgO ultramafic rocks • Coincident elevated copper and nickel • The presence of elevated copper and nickel within ultramafic rocks is potential indicative of magmatic nickel sulphides • Over 3.5 kms poorly tested ultramafic within Mit
Slide 8: Billy Hills Zinc – MTH 100%
Billy Hills Zinc – MTH 100% For personal use only • Lennard Shelf - West Kimberley, WA • Adjoins the district's largest deposit – Pillara • 275 km² project area Reported Pre-mine Resources* Deposit Mt Zn% Pb% Pillara 18.1 7.7 2.4 Cadjebut 3.2 14.0 4.4 Kapok 2.8 9.6 7.9 Goongewa (12 Mile Bore) 2.4 10
Slide 9: Attraction of Billy Hills
Attraction of Billy Hills For personal use only • Established high-grade zinc mining district • Minimal recent exploration on Mithril’s tenements • Historic drill intersections represent priorities for immediate follow-up (i.e. Snake Bore) • Ability to apply new exploration ideas – i.e. flanking pos
Slide 10: New targets from gravity data at Billy Hills
New targets from gravity data at Billy Hills For personal use only Pillara Deposit - 18.05Mt @ 7.7%Zn, 2.4%Pb Pillara West prospect Western Block Snake Bore prospect Outcrop Priority gravity targets Is the Western Block a buried repeat of the outcropping areas? 5 kilometres 19 February 2018 Mithril
Slide 11: Snake Bore – Pillara West target at Billy Hills
Snake Bore – Pillara West target at Billy Hills For personal use only • 12 kms long • Multiple historic drill intersections • On western flank gravity feature • Along strike from +10%zinc + lead drill intercepts at Pillara West discovery, i.e.; 11m @ 8.2%Zn, 8.8%Pb, 26g/t Ag from 347 m including 4
Slide 12: Applying new exploration ideas at Billy Hills
Applying new exploration ideas at Billy Hills For personal use only Mithril also exploring new flanking positions Majority of previous exploration Pillara schematic cross section 19 February 2018 Mithril Resources Investor Update 12
Slide 13: Southern Target Area Copper Zinc – MTH 100%
Southern Target Area Copper Zinc – MTH 100% For personal use only • Meekatharra, WA • 13 kilometre magnetic trend • Along strike from known copper, nickel and zinc (i.e. Nanadie Well Deposit, Stark and Sandman Prospects) • Little if any previous exploration • EM geophysics currently underway as init
Slide 14: Known mineralisation - Southern Target Area
Known mineralisation - Southern Target Area For personal use only • Three copper, nickel, and / or zinc occurrences along strike to the north; Nanadie Well Copper Deposit* - 2004 JORC Inferred Resource of 36Mt @ 0.42% copper, 0.06g/t gold Stark Copper Prospect* – most recent drill intercept - 2
Slide 15: Known mineralisation - Southern Target Area
Known mineralisation - Southern Target Area For personal use only Copper sulphide (chalcopyrite) Iron sulphide (pyrrhotite) Stark Copper Prospect - NDD17002 (260.30 metres): Semi – massive sulphides in NQ drill core 19 February 2018 Mithril Resources Investor Update 15
Slide 16: Corporate Overview
Corporate Overview For personal use only Shares on Issue: 123M | Options (unlisted): 4.2M Market Cap (@ 4.5 cents): $5.53M | Cash (end Sept 17 Qtr.): $0.90M | EV: $4.45M Shareholders: 1,894 | Top 20 hold 26% : 95.4% Retail, 4.5% Directors and Management Directors and Management Graham Ascough: Non E
Slide 17: Notes Specific
Notes Specific Footnotes: For personal use only * The Nanadie Well Copper Deposit, the Stark Copper Prospect and Sandman Zinc Prospect lie on tenements owned by Intermin Resources (IRC:ASX) whereby Mithril can earn a 60% interest by completing expenditure of $2M by 14 April 2019 (approximately $1.4M
Slide 18: Competent Persons and Disclaimer
Competent Persons and Disclaimer For personal use only The information in this report that relates to Exploration Targets, Exploration Results, and the Basil Mineral Resource is based on information compiled by Mr David Hutton, who is a Competent Person, and a Fellow of The Australasian Institute of
Slide 19: Contact Details
Contact Details For personal use only Website : www.mithrilresources.com.au Address : 22B Beulah Road, Norwood SA 5067 Email : dhutton@mithrilresources.com.au Phone : 08 8132 8800 @MTHResources 19 February 2018 Mithril Resources Investor Update 19
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