Slide 1: Strategy Update Presentation
Strategy Update Presentation For personal use only MITHRIL RESOURCES LTD David Hutton | Managing Director 23 April 2018
Slide 2: Snapshot
Snapshot For personal use only • ASX – listed mineral explorer • Nickel, cobalt, copper, zinc • Experienced technical team • Strong growth pipeline • 123M Shares on Issue • ~2.5 cents Share Price • $3.1M Market Cap. • $2.6M Enterprise Value 23 April 2018 Strategy Update 2
Slide 3: Our strategy
Our strategy For personal use only We generate and explore new exploration opportunities in nickel, cobalt, copper and zinc We focus our efforts on prospective terranes, and combine a boots on ground approach with high-level technical capabilities Nickel and cobalt exploration on our Kalgoorlie proj
Slide 4: Experienced technical and corporate team
Experienced technical and corporate team • Graham Ascough (Chairman) – Geophysicist with 27 years industry experience and formerly For personal use only Falconbridge Exploration Manager Australasia (Nickel and PGE’s). • Donald Stephens (Non Executive Director / Company Secretary) – Chartered Account
Slide 5: EV technology driving nickel demand
EV technology driving nickel demand • Electric Vehicles batteries need nickel and cobalt For personal use only • Tesla’s NCA battery comprises; 80% nickel / 15% cobalt / 5% aluminium • Tesla’s NMC battery comprises; 33% nickel / 33% manganese / 33% cobalt • Supply constraints? Possible US sanctions
Slide 6: Nickel (cobalt) exploration targets
Nickel (cobalt) exploration targets For personal use only • Mithril - 100% • Close proximity to Kalgoorlie • Excellent access & infrastructure • Proven nickel sulphide district • EM and drilling planned for current Quarter 23 April 2018 Strategy Update 6
Slide 7: Area targets (Kurnalpi)
Area 1 targets (Kurnalpi) Target 1A; 18GDSRC004 - 12m @ For personal use only 0.69%NI 0.07%Co incl 4m @ • Nickel sulphides confirmed (1A) 0.86%Ni 0.10% Co EL28/2567 • Nickel gossan + new off hole EM conductor (1A) • Historic KURA50 nickel cobalt intercept (1B) Ultramafic • ~ 5 kilometres of nickel -
Slide 8: New off hole EM conductor at Target 1A
New off hole EM conductor at Target 1A For personal use only • Nickel sulphides and gossan confirmed • New off hole conductor (CT of 3400S), lies along the eastern edge of the ultramafic unit • Conductor plunges to the south and has not been drilled • High priority drill target 500 metres 23 April 2
Slide 9: Area 2, and targets (Lignum / North Scotia)
Area 2, 3 and 4 targets (Lignum / North Scotia) For personal use only • Along strike from Silver Swan, Scotia and Saints Nickel Deposits 4A • 10’s kilometres of nickel - prospective ultramafic rocks 3A • Targets characterised by anomalous nickel in 2BC wide spaced historic drill holes with no Saints
Slide 10: Nickel (cobalt) exploration targets
Nickel (cobalt) exploration targets For personal use only Area Target ID Type Description Comments Ni sulphide gossan / off 1 1A Drill Coincident nickel and PGE’s hole EM conductor KURA50 - 20m @ 0.69%Ni, 0.07% Co 1 1B EM / Drill Hist. Ni Co intercepts incl. 8m @ 0.96%Ni, 0.09%Co 1 1C EM Along strik
Slide 11: Billy Hills Zinc
Billy Hills Zinc For personal use only • Mithril - 100% • Lennard Shelf - West Kimberley, WA Pillara - Pre mine • Historic drill intersections on MTH Resource of 18.5Mt @ 7.7% zinc, 2.4% lead tenements require follow-up • Along strike from +10% (zinc + lead) drill intercepts at Pillara West discover
Slide 12: Nanadie Well Copper Deposit
Nanadie Well Copper Deposit • For personal use only Murchison District, WA • Mithril earning up to 75%* • Inferred Resource - 36Mt @ 0.42%Cu, 0.06g/t Au • A big copper - gold system at surface 2,000 metres • Remains open in all directions • Reviewing the potential to increase / upgrade the size of t
Slide 13: Corporate Overview
Corporate Overview For personal use only Shares on Issue: 123M | Options (unlisted): 4.2M Market Cap (@ 2.5 cents): $3.08M | Cash (end March 18 Qtr.): $0.48M | EV: $2.60M Shareholders: 1,924 | Top 20 hold 25% : 95.4% Retail, 4.5% Directors and Management Directors and Management Graham Ascough: Non
Slide 14: 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 October 2019 (approximately $1.
Slide 15: Competent Persons and Disclaimer
Competent Persons and Disclaimer The information in this report that relates to Exploration Targets, Exploration Results, is based on information compiled by Mr David For personal use only Hutton, who is a Competent Person, and a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Hutt
Slide 16: 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 23 April 2018 Strategy Update 16