Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — Shareholder Meeting (November 2014)

24 slides from Mithril Silver And Gold's shareholder meeting presentation, Nov 28, 2014

  1. Slide 1: AGM Presentation

    For personal use only AGM Presentation 28 November 2014 David Hutton - Managing Director

  2. Slide 2: Focus: WA Goldfields, Copper Nickel, Capital Raising

    For personal use only WA Goldfields Actively exploring Copper Nickel Successful Capital Raising FOCUS 2

  3. Slide 3: Overview, Directors and Management

    For personal use only Overview (pre Rights Issue) 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 $2.5M Derek Carter Non Executive Director Cash (30/9/2014) $1.1M Richard Bonython N

  4. Slide 4: Rights Issue

    For personal use only  Rights Issue offered 157,828,949 new shares on a 1 for 2 basis at 0.7 cents per share  Raised $523,424 (before costs) - Meekatharra drill program fully funded  Major shareholders (incl. Minotaur Exploration) took full entitlement + additional  Full participation by Directo

  5. Slide 5: 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

  6. Slide 6: 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 6

  7. Slide 7: Seismic data shows Youanmi Shear Zone extends to 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 7

  8. Slide 8: Nanadie Well JV agreement

    For personal use only  JV agreement signed late December 2013  Key attractions:  Existing mineralisation  Exploration upside  Ability to apply new geological ideas 8

  9. Slide 9: Nanadie Well Deposit

    For personal use only  Nanadie Well Deposit  151Kt copper, 74Koz gold  Mafic host rocks  Soil cover  Limited drilling along strike 9

  10. Slide 10: 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

  11. Slide 11: 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

  12. Slide 12: 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 12

  13. Slide 13: Stark prospect on Eastern Trend

    For personal use only  Located on Eastern Trend  Subcrop and thin soil cover  Mafic rocks  Gossan sampling (April 2014) - 8.86% copper, 0.44% nickel and 216ppb PGE’s  No effective drilling or geophysics prior to Mithril 13

  14. Slide 14: 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 14

  15. Slide 15: 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 false conductors (i.e. graphite or black shales) observed in geological mapping  Modelled conductances (800 – 1800

  16. Slide 16: Four copper-nickel targets

    For personal use only  Four copper - nickel targets  1,700m RC drilling  DHTEM surveying  Field crew onsite  Commencing next week 16

  17. Slide 17: Coincident EM conductor and IP chargeability anomaly

    For personal use only  Coincident EM conductor and 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 NRC04014 – 0.2%Cu, 0.07%Ni, 159ppb PGE’s 250 metres Bedrock EM Conductor Plat

  18. Slide 18: Target beneath Stark gossan

    For personal use only  Lies beneath Stark gossan and surface mineralisation  Strike length - 450 to 500m  No effective drilling with two previous holes not drilled deep enough 250 metres Bedrock EM Conductor Plate EM Plan 18

  19. Slide 19: No outcrop target with disseminated sulphides

    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 Sulphides in historic drill hole Sulphides 250 metres Bedrock EM Conductor Plate EM Plan Cross section 19

  20. Slide 20: Bedrock copper mineralised zone north of Nanadie Well

    For personal use only  No outcrop  1 km north of Nanadie Well Copper Deposit  Bedrock copper mineralised zone 20

  21. Slide 21: Focus: WA Goldfields, Copper Nickel, Capital Raising

    For personal use only WA Goldfields Actively exploring Copper Nickel Successful Capital Raising FOCUS 21

  22. Slide 22: Nanadie Well Copper Deposit resource

    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

  23. Slide 23: 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

  24. Slide 24: 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 24

Mithril Resources — Shareholder Meeting (November 2014) on 6ix