Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — The Investor Series: Nickel (Nickel Day 2008)

22 slides from Mithril Silver And Gold's conference presentation, Feb 26, 2008

  1. Slide 1: A Nickel Sulphide Explorer

    “ A Nickel Sulphide For personal use only Explorer” The Investor Series: Nickel February 26th, 2008 www.mithrilresources.com.au

  2. Slide 2: Mithril Resources Ltd - Summary

    Mithril Resources Ltd - Summary For personal use only “Growth through the discovery and development of nickel/copper sulphide resources” ƒ ASX Listed MTH ƒ Shares on Issue 47.1M ƒ Unlisted Options 3.28M ƒ Market Capitalisation $9.4M ƒ Cash on hand $4.0M ƒ Substantial Shareholders – Minotaur Resource

  3. Slide 3: Mithril Resources – Project Location Map

    Mithril Resources – Project Location Map For personal use only Darwin Pardoo Junction JV Andrew Young Huckitta Bulloo Downs Alice Springs Casey Byro SA Musgrave Brisbane Silver Swan Dominion JV North Koonenberry Barton Talia Hill JV Kalgoorlie Perth Cooper Hill Kalli JV Boomey Ceduna JV Adelaide Syd

  4. Slide 4: Pardoo Nickel Project

    Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd For personal use only Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Highway - Inferred Resource of 44.7Mt at 0.3%Ni, 0.1%Cu (JORC-compliant) 0 5 km 4

  5. Slide 5: Pardoo Nickel Project

    Pardoo Nickel Project An excellent fit with Mithril’s exploration and development strategy For personal use only ƒ Pardoo has proven nickel and copper potential with considerable upside ƒ The Highway Resource – Open and untested at depth (>200m) – Potential for smaller higher grade zones – Potential

  6. Slide 6: Ground EM and Drillhole Coverage on Satellite Image

    Pardoo Nickel Project Ground EM and Drillhole Coverage on Satellite Image For personal use only Supply Well Highway Inferred Resource 44.7Mt at 0.3%Ni, 0.1%Cu (JORC- compliant) 0 2 km 6

  7. Slide 7: Ground EM and Drillhole Coverage on Magnetics

    Pardoo Nickel Project Ground EM and Drillhole Coverage on Magnetics For personal use only Supply Well Highway Inferred Resource 44.7Mt at 0.3%Ni, 0.1%Cu (JORC- compliant) 0 2 km 7

  8. Slide 8: The Highway Deposit higher grade zones of mineralisation

    Pardoo Nickel Project The Highway Deposit 3 higher grade zones of mineralisation Identifed For personal use only all are open at depth • Northern Zone –multiple intercepts >1%Ni over 2-3m, best 22m@0.65%Ni • Central Zone – Largest zone, core of 0.4 – 0.5% Ni over approx 250m x 15-25m true thickness,

  9. Slide 9: Long Section of the Central Mineralised Zone

    Long Section of the Central Mineralised Zone For personal use only ƒ Open at Depth ƒ Downhole EM not utilised 9

  10. Slide 10: Highway Prospect Targets

    Pardoo Project Highway Prospect Targets For personal use only Eastern Extent of Ground EM e st ed Unt Highway Resource 44.7Mt @ 0.3%Ni, 0.1% Cu Anomalous nickel values (RAB) Anomalous nickel values (RAB) PARDOO NICKEL PROJECT EL45/2146 # S # S Lease Boundary 1m @ 17%Zn #S # S S # # # S# S 1m @ 1.9%N

  11. Slide 11: Pardoo Nickel Project - Objectives

    Pardoo Nickel Project - Objectives For personal use only ƒ Discover new mineralisation outside the existing resource area – Untested mineralized horizons identified, Ground EM to commence April, 2008 ƒ Identify higher grade resources (>1% nickel) within and around the Highway Deposit – Drill test de

  12. Slide 12: Musgrave Province – South Australia

    Musgrave Province – South Australia ƒ Strategic land holding of ~34,000km2 For personal use only ƒ 4 tenements granted October, 2007 ƒ A further 5 tenements to be granted ƒ Initial exploration programme underway EL 3939 EL 3940 EL 3942 EL 3941 52/97 380/97 54/97 41/97 (BHP Billiton) 12

  13. Slide 13: Musgrave Province - Summary

    Musgrave Province - Summary ƒ Mithril’s exploration land holding includes four recently granted For personal use only tenements and 24 exploration licence applications comprising 34,000km2 ƒ The Musgrave Province: – a large under-explored block of Proterozoic-aged rocks comprising a diversity of geo

  14. Slide 14: Musgrave Barrick JV (west) Previous and planned exploration activity

    Musgrave Barrick JV (west) Previous and planned exploration activity For personal use only Alvey Prospect RCALP001 14m@0.42g/t Pt+Pd EL 3942 Incl. 4m@0.91g/t Pt+Pd EL 3941 excluded excluded ƒ Previous Work Planned aircore drillhole 5 km – ~90% sand cover Historic drillhole Target area – Airborne EM

  15. Slide 15: Musgrave Barrick JV (west) Previous and planned exploration activity

    Musgrave Barrick JV (west) Previous and planned exploration activity For personal use only Alvey Prospect New Copper Occurrence RCALP001 14m@0.42g/t Pt+Pd EL 3942 Incl. 4m@0.91g/t Pt+Pd EL 3941 excluded excluded RTP Magnetic Image ƒ Aircore drilling complete, confirms Ni, PGE potential Planned airco

  16. Slide 16: Alvey Pt-Pd Prospect Area

    Alvey Pt-Pd Prospect Area Musgrave Province, SA For personal use only Mithril’s EL 3942 ƒ Aircore drilling results will be used to target two 0.15 g/t Pt+Pd diamond drillholes Alvey Surface Samples ƒ Heritage clearances are (Rio Tinto) 15m @ 0.72 g/t Pt+Pd complete 25m @ 0.51 g/t Pt+Pd ƒ $90,000 of

  17. Slide 17: Mithril Resources – Project Location Map

    Mithril Resources – Project Location Map For personal use only Darwin Pardoo Junction JV Andrew Young Huckitta Bulloo Downs Alice Springs Casey Byro SA Musgrave Brisbane Silver Swan Dominion JV North Koonenberry Barton Talia Hill JV Kalgoorlie Perth Cooper Hill Kalli JV Boomey Ceduna JV Adelaide Syd

  18. Slide 18: Huckitta Project, NT

    Huckitta Project, NT For personal use only N HAMMER HILL JV BHP Billiton – Mithril - Arafura JV Railway TANAMI JV (Mithril and BHPB Earning up to 70%) Mithril – Tanami JV (Mithril Earning up to 80%) PLENTY HWY HARTS RANGE JV Mithril – Oklo JV STU (Mithril Earning up to 80%) ART INDIANA JV HW Mithril

  19. Slide 19: Huckitta – VTEM Coverage

    Huckitta – VTEM Coverage ƒ Target: magmatic Ni-Cu sulphides in mafic/ultramafic intrusions For personal use only ƒ Excellent geodynamic environment ƒ Promising geochemical and geophysical results to date. 0.3% Ni, 750ppm Cu (rock chip) 0.54% Ni (rock chip) 1084ppm Cu, 619 ppm Ni 0.7% Ni (Mag Lag) (r

  20. Slide 20: Preliminary VTEM results – EM Channel (B)

    Preliminary VTEM results – EM Channel 34 (B) For personal use only IVT067 Coincident magnetic and EM with ultramafic in outcrop Indiana JV IVT017 – Single line (Mithril-BHP Billiton JV) conductive response IVT016 - High conductance targets identified EM with ultramafic in outcrop 1400ppm Ni Fe-lag s

  21. Slide 21: Huckitta Project

    Huckitta Project For personal use only ƒ Heliborne EM survey complete ƒ Field-checks and ground EM confirm priority targets on the Hammer Hill and Indiana JV’s ƒ BHP Billiton funded drill programme to commence in March 2008 21

  22. Slide 22: Mithril Resources Ltd - Summary

    Mithril Resources Ltd - Summary ƒ Strong portfolio of quality greenfield projects For personal use only – Nickel focus – Exposure to copper, uranium & mineral sands ƒ Earning a 65% interest in Pardoo Nickel Project ƒ Drilling to commence on three projects over the next three months 22

Mithril Resources — The Investor Series: Nickel (Nickel Day 2008) on 6ix