Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Shareholder Meeting (October 2010)
28 slides from Mithril Silver And Gold's shareholder meeting presentation, Oct 26, 2010
Slide 1: Annual General Meeting October 2010
For personal use only Annual General Meeting OCTOBER 2010 ASX: MTH www.mithrilresources.com.au Please note the important disclaimer and competent person’s statement at the end of this presentation
Slide 2: Mithril's Project Overview and Highlights
Mithril’s Project Overview and Highlights PRESENTATION AGENDA For personal use only 1. Huckitta, NT 2. East Pilbara, WA Pardoo Nickel Project Huckitta (Harts Range) Highway Inferred Resource: New copper discovery (Basil) on 3. Sandstone, WA 50Mt @ 0.3%Ni, 0.13%Cu, 0.03% Co 100% held ground with pote
Slide 3: Mithril Resources Ltd – Summary
Mithril Resources Ltd – Summary M ithril is a base m etal ex plorer w ith a highly ex perienced team that For personal use only com bines advanced technology w ith traditional ex ploration to deliver success in frontier (greenfield) areas. Capital Structure Shares on Issue (ASX:MTH) 119.2M Unlis
Slide 4: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals Potential new m ineral province For personal use only September 2008 One mineral occurrence, no drill ready targets and no previous drilling September 2010 Significant Cu discovery & pipeline of drill ready targets Copper-cobalt mineralisation intersected over 2km
Slide 5: Huckitta Project and Prospects
Huckitta Project and Prospects Surface rockchip samples For personal use only Blackadder 3 .8%Ni, 9.6%Cu Tibbs Elevated Plenty Highway Cu, Au Baldrick Gatsby Elevated 2.3%Ni, 2.4%Cu Cu, Co Manuel 8.6%Cu, 0.18gpt Au Sybil 0.9% Cu, 0.1% Zn Hale River 13% Cu, 2.9g/tAu Flashheart 3.9%Cu, 0.3g/tAu Basil
Slide 6: Huckitta Project Copper and Nickel Prospects
Huckitta Project Copper and Nickel Prospects Tibbs Treasure JV New Prospect For personal use only Cu and Au anomalism (MTH earning 80%) Surface Rockchip/Lag with VTEM anomaly Baldrick >1.0% Cu 2.3%Ni, 2.4%Cu 0.1%Cu to 1.0%Cu Gatsby 0.03%Cu to 0.1% Cu Cu and Co anomalism with VTEM anomaly <0.03%Cu 5
Slide 7: Basil Prospect (South) Summary of Drilling Results
BASIL PROSPECT (South) Summary of Drilling Results Surface Rockchip/Lag For personal use only >1.0% Cu 0.1%Cu to 1.0%Cu 0.03%Cu to 0.1% Cu <0.03%Cu 2010 Drillhole 2009 Drillhole ROTTEN HILL ZONE (Basil) 30 drillholes to date at Basil Copper & cobalt mineralisation intersected over 2km of strike
Slide 8: Southern Portion of the Basil Prospect
Southern Portion of the Basil Prospect (Mineralised horizon long section, true width intercepts) Drilling to date has intersected copper and cobalt mineralisation over 2km of strike For personal use only Intersected significant widths of mineralisation in several drillholes often seeing higher g
Slide 9: Huckitta Project – Polly Trend
Huckitta Project – Polly Trend Planned Drill Program to Commence Oct 2010 Surface Rockchip/Lag For personal use only >1.0% Cu 0.1%Cu to 1.0%Cu Polly Priority 0.03%Cu to 0.1% Cu VTEM Target <0.03%Cu Planned Drillhole 200m
Slide 10: Polly Drill Targets in Cross Section
Huckitta Project Polly Drill Targets in Cross Section For personal use only 7.9%Cu, 0.15%Co & 0.2gpt Au Surface Rockchip Planned Drillholes 0m RL 50m 50m RL 120m
Slide 11: Manuel Drill Results and Targets
Huckitta Project Manuel Drill Results and Targets For personal use only LB0DD29 – Massive Sulphide Breccia Surface Rockchip/Lag Rock Type 0.3m @ 3.4% Cu, 624ppm Co >1.0% Cu Amphibolite 0.1%Cu to 1.0%Cu Felsic-Metasediment 0.03%Cu to 0.1% Cu Augen Gneiss <0.03%Cu Mineralised Horizon Drillhole Collar
Slide 12: Blackadder-Baldrick Nickel Prospects
Blackadder-Baldrick Nickel Prospects Satellite Image For personal use only 2.3%Ni, 2.4%Cu BALDRICK BARC006 BARC007 8m @ 0.26%Ni and 0.13%Cu 9m @ 0.48%Ni and 0.37%Cu 1.0%Ni, 1.5%Cu EL 25346 EL 25453 Initial drilling validates nickel potential Multiple nickel targets to be tested 3.8%Ni, 9.6%Cu 1.
Slide 13: East Pilbara Tenement Locations
East Pilbara Tenement Locations For personal use only 50km Four granted tenements and two applications totalling over 700sqkm Port Hedland P ardoo (Atlas) P ARDOO P ROJECT Prospective for nickel, copper, iron ore, manganese & gold Goldsw orthy (BHP ) Shay Gap P oondana (Jupiter) Very limited previou
Slide 14: East Pilbara Project - Cattle Well Tenements
East Pilbara Project - Cattle Well Tenements Surface Rockchip Results For personal use only GOR GE P R OSP ECT •Chalcopyrite at surface •Up to 27% Cu, 0.4% Ni ,37g/ t Ag •0.4% Ni, 0.4% Cu over 50m w idth •M ultiple m ineralised horizons E45 / 3457 COONGAN P R OSP ECT >20% P b, 127g/ t Ag NEW P R OSP
Slide 15: Gorge Prospect – East Pilbara Project
Gorge Prospect – East Pilbara Project For personal use only 50m @ 0.4%Ni, 0.4%Cu, 0.3%Cr
Slide 16: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd Objectives For personal use only Identify higher grade zones (>1% nickel) within and around the Highway Deposit Supply Well Discover new mineralisation outside the existing resource area Evaluate processing options for Highway
Slide 17: Sandstone Project – Western Australia
Sandstone Project – Western Australia For personal use only Four applications for a total of 684sqkm Covers portions of the Sandstone Greenstone Sandstone Belt which is prospective for gold and nickel sulphides. To Leinster 90km Interpreted northern extension to the Forrestania Greenstone Belt hosti
Slide 18: Sandstone area showing WSA Ni discovery on regional geology
Sandstone area showing WSA Ni discovery on regional geology For personal use only Western Area’s JV Mithril ELAs Mafic Granite Ultramafic Leinster Felsic Sediments Fault SandstoneSandstone Western Area’s Township Nickel Sulphide MITHRIL Prospects W estern Areas Interpreted Ultramafic new nickel sulp
Slide 19: For personal use only
For personal use only
Slide 20: Musgrave Minerals Limited
Musgrave Minerals Limited For personal use only An initiative by M ithril, I ndependence and Goldsearch The Companies have agreed to join forces to accelerate exploration in the highly prospective Musgrave region of South Australia by forming Musgrave Minerals Limited Musgrave Minerals will be
Slide 21: Musgrave Minerals Limited
Musgrave Minerals Limited For personal use only Musgrave Minerals A M usgrave focussed to hold 100% ex plorer consolidating ~50,000km 2 of ex ploration interests
Slide 22: Musgrave Minerals Limited – Core Strengths
Musgrave Minerals Limited Core Strengths For personal use only Highly levered to discovery in unexplored terrain Well funded to pursue pipeline of quality targets Drill ready targets Untested mineral occurrences Strong conceptual models/targets in place Leading tenement position 7 gran
Slide 23: Moorilyana Cu Prospect
Moorilyana Cu Prospect Musgrave Minerals (100%) For personal use only Copper prospect identified in 1968, no further work since 1971 Historic soil geochemistry outlines anomalous area >3km in length Recent rock chips assayed up to 4.95% Cu, 0.38 g/t Au, 9.6 g/t Ag Prospect Area is well located, ~50k
Slide 24: Musgrave Barrick Western EL's
Musgrave Barrick Western EL’s (100% interest) For personal use only Ni-Cu Sulphide Targets EM anomalies asociated with the Giles Complex Mt ALVEY PROSPECT 14m@0.42g/t Pt+Pd DEERING HILLS Incl. 4m@0.91g/t Pt+Pd Rare Earth Element Prospect Grabs to 9.3% REE DEERING HILLS VANADIUM-MAGNETITE Giles Compl
Slide 25: Lyta Ni Target
Lyta Ni Target Musgrave Minerals Ltd (100%) For personal use only Recent mapping identifies sulphide bearing feeder dyke heavily contaminated with country rock Pyrrhotite, pentlandite, chalcopyrite Ground EM as disseminated ‘blebs’ Survey Underway Analogous to a Voisey Bay deposit setting TEMPEST EM
Slide 26: 2010-2011 Planned Work Program
Mithril Resources Limited - Summary 2010-2011 Planned Work Program For personal use only Project Q1 Q2 Q3 Q4 Drilling Drilling - Polly Drilling Huckitta, NT Geochem/Geop Geochemistry Drilling EL’s Granted Geophysics Drilling East Pilbara, WA Mapping/Geochem EL’s Granted Sandstone, WA Mapping /Geoche
Slide 27: Investment Opportunity
Mithril Resources Limited I nvestm ent Opportunity STRONG PROJECT PORTFOLIO For personal use only Huckitta, NT – Drilling set to re-com m ence An emerging new mineral province where Mithril has made a new copper-cobalt discovery and developed a number of drill-ready copper and nickel targets East
Slide 28: Important Notices – Disclaimer
IMPORTANT NOTICES 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 pa
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