Slide 1: Conference Presentation
For personal use only Conference Presentation David Hutton, Managing Director
Slide 2: Disclaimer
Disclaimer For personal use only 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 good faith. Certain information in this document has been derived from third parties and though M
Slide 3: Company Summary
Company Summary For personal use only Mithril Resources – an Australian resources company exploring for the next generation of mineral deposits within emerging and proven mineral provinces Focussed boots on ground explorer Copper, gold and nickel exposure Strong cash position 151Kt Copper Resource I
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX: MTH) For personal use only Shares on issue - 219.6 million (+19.3 million unlisted Options) Cash - $4.1M (at 30 September 2012) Market Cap - $9.88M (at 4.5 cents) Investments - 7.68% of Musgrave Minerals (ASX: MGV) Top 40 hold 49% (Minotaur Resources – 10% and Lion Selection
Slide 5: Northern Territory – Mineral Projects
Northern Territory – Mineral Projects For personal use only Local Endowment Moly Hill Deposit 4.7Mt @ 0.22%Mo, 0.28%W Basil Copper Deposit 26.5Mt @ 0.57%Cu, 0.05%Co Mithril Project Area Jervois Deposit 11.9Mt @ 1.3%Cu, 25.2g/tAg Page 5
Slide 6: Eastern Arunta - Huckitta and Yambah Projects
Eastern Arunta - Huckitta and Yambah Projects For personal use only Page 6
Slide 7: Huckitta and Yambah Projects
Huckitta and Yambah Projects (MTH - 100% and JV’s) For personal use only ~ 6,000kms² area east and north of Alice Springs, NT Plenty Highway Gold and base metal prospectivity First mover advantage Basil Copper Deposit (26.5Mt @ 0.57% copper, 0.05% cobalt – 151Kt copper metal) Illogwa IOCG Target Are
Slide 8: Illogwa IOCG
Illogwa IOCG - (MTH 80% - CAZ 20%) For personal use only 500kms² area - 30 kms south of Basil Deposit Recognised early 2011 – WITH NO PREVIOUS DRILLING Extensive soil cover with outcropping copper – gold mineralisation Structurally controlled mineralisation with strong IOCG characteristics Geologica
Slide 9: Illogwa IOCG – outcropping copper mineralisation
Illogwa IOCG – outcropping copper mineralisation For personal use only Copper (malachite) mineralisation (green colour) at the El Gordo Prospect Page 9
Slide 10: Illogwa IOCG – magnetic data identifies key structures
Illogwa IOCG – magnetic data identifies key structures For personal use only Page 10
Slide 11: Illogwa IOCG – drilling confirms copper mineralisation
Illogwa IOCG – drilling confirms copper mineralisation For personal use only APDD002 – 42.00 to 42.20 metres 5 cms APDD002 – 40.00 to 40.20 metres Copper sulphide (chalcopyrite) APDD002 – 42.30 to 42.50 metres Diamond drill core from the Austin Prospect displaying “red rock” and quartz – haematite –
Slide 12: Illogwa IOCG – achievements so far and next steps
Illogwa IOCG – achievements so far and next steps For personal use only 2011 Copper potential recognised and field work commences 2012 First ever drilling confirms copper mineralised IOCG system: • 14m @ 0.34% copper from 18 metres including 2m @ 1.15% copper from 21 metres VTEM survey identifies an
Slide 13: Illogwa IOCG – VTEM survey identifies new conductors
Illogwa IOCG – VTEM survey identifies new conductors For personal use only Page 13
Slide 14: Western Australia – Eastern Goldfields
Western Australia – Eastern Goldfields For personal use only Mithril Project Area Page 14
Slide 15: Spargos Reward – strategically located
Spargos Reward – strategically located For personal use only $200,000 purchase from Breakaway Resources (ASX: BRW) BRW retains nickel rights Previous production (to 120 metres) of ~30,000ozs @ 8g/t gold 16 kms along strike from high-grade Wattle Dam Gold Mine (ASX: RMS) Close to existing gold mills
Slide 16: Spargos Reward – exploration potential
Spargos Reward – exploration potential For personal use only Shear hosted high-grade gold mineralisation Significant exploration upside with limited drilling outside mined areas, i.e. • 8m @ 3.11g/t gold from 21 metres including 2m @ 10.14g/t gold • 3.3m @ 9.82g/t gold from 196.7 metres including 2.
Slide 17: Planned Activities and News flow
Planned Activities and News flow For personal use only Project Activity Oct Nov Dec Jan Feb Mar Illogwa IOCG VTEM ground follow up Copper Gold Reconnaissance Yambah Copper Gold Ground geophysics Huckitta (MMG) JV Ground EM Nickel Spargos Reward Drilling (Note 1) Gold Note 1 – Spargos Reward Drilling
Slide 18: Company Summary
Company Summary For personal use only Mithril Resources – an Australian resources company exploring for the next generation of mineral deposits within emerging and proven mineral provinces Focussed boots on ground explorer Copper, gold and nickel exposure Strong cash position 151Kt Copper Resource I
Slide 19: Basil Copper Deposit – Resource Inventory
Basil Copper Deposit – Resource Inventory For personal use only Resource estimated for the 3km long, most intensely drilled portion of the 10km long Basil mineralised trend (Refer to ASX Announcement 21 March 2012) Significant tonnage upside JORC Copper cut off Contained copper Contained cobalt Tonn
Slide 20: For further information
For personal use only For further information: David Hutton – Managing Director admin@mithrilresources.com.au 08 8378 8200