Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Investor Presentation (March 2023)
27 slides from Mithril Silver And Gold's investor presentation, Mar 14, 2023
Slide 1: Newrange Gold Corporation – New Americas Focused TSXV Silver-Gold Company
Newrange Gold Corp Newrange Gold Corporation ASX:MTH – TSXV:NRG New Americas Focused TSXV Silver-Gold Company 14 March 2023 1
Slide 2: Disclaimer
Newrange Gold Corp The release, publication or distribution of this presentation in certain The information in this presentation that relates to Mineral Resources or Ore Reserves is based on information provided in the jurisdictions may be restricted by law and therefore persons in such following AS
Slide 3: Background for Proposed Merger
BACKGROUND FOR PROPOSED MERGER Newrange Gold Corp • Mithril Resources and Newrange Gold Corp. have signed a non-binding heads of agreement for a friendly merger of the two companies Non-binding term sheet for merger with TSXV newrange gold – 7 March 2023 • Newrange Gold is listed on the TSX venture
Slide 4: Proposed Friendly Merger - Valuation Metrics
PROPOSED FRIENDLY MERGER - VALUATION METRICS Newrange Gold Corp Proposed Merger Valuation: • Mithril (ASX:MTH) valuation C$10.96m1 – 60.9m NRG shares @C$0.18 post 12:1 consolidation of NRG’s existing issued capital (see below) • Newrange (TSXV:NRG) valuation C$2.96m – 16.4m NRG shares @C$0.18 post 1
Slide 5: Current and Approximate Pro-Forma Share Structure TSXV Listing
CURRENT AND APPROXIMATE PRO-FORMA Newrange Gold Corp SHARE STRUCTURE TSXV LISTING Current Newrange Newrange Issued to Mithril Pro-forma Newrange Gold Current Issued Financings Shareholders Newrange Post (Pre- Capital (Bridge & (Consideration Merger Consolidation) (Post 12:1 Concurrent, Post Shares,
Slide 6: Rationale for the Proposed Merger
NEW AMERICAS-FOCUSED SILVER-GOLD Newrange Gold Corp EXPLORATION & DEVELOPMENT CO. LISTED ON TSXV RATIONALE FOR THE PROPOSED MERGER • TSXV – numerous companies active in Mexico, well understood region • Geographic diversity with advanced projects in Mexico and Canada • Flagship Copalquin, Sierra Madr
Slide 7: Proposed Board and Management
PROPOSED BOARD AND MANAGEMENT Newrange Gold Corp John Skeet, CEO & President Robert Archer, Executive Chairman • Over 30 years’ experience in gold-silver mine development - 17 • More than 40 years’ experience in the mining industry, working years in Mexico throughout the Americas • Led the developme
Slide 8: Mexico & Project Overview
MEXICO & PROJECT OVERVIEW Newrange Gold Corp • Over 300 exploration & mining companies active in Mexico • Two dozen >$1BN Mkt Cap Companies • Global majors producing and expanding in Mexico - Newmont, Peñoles, Agnico Eagle, Grupo Mexico • Durango State – Fresnillo PLC, First Majestic Silver, Pan Ame
Slide 9: Sierra Madre Gold-Silver Trend
SIERRA MADRE GOLD-SILVER TREND Newrange Gold Corp Dolores La India 2.4Moz Au 94Moz Ag MAJORS ACTIVE IN REGION Mulatos 4.5Moz Au Pinos Altos 3.6Moz Au AGNICO EAGLE MINES LIMITED Ocampo 2.9Moz Au 126Moz Ag 100Moz Ag FIRST MAJESTIC SILVER CORP. Orisyvo 9.6Moz Au FRESNILLO PLC Monterde PAN AMERICAN SILV
Slide 10: Copalquin – A District Scale Property
COPALQUIN – A DISTRICT SCALE PROPERTY Newrange Gold Corp • OVER 70 HISTORIC MINES AND WORKINGS ACROSS THE DISTRICT WITH 3,000M OF TUNNELS • OVER 15KM OF VEIN MAPPED AND PROJECTED TO DATE • FOUR HYDROTHERMAL CELLS IDENTIFIED WITHIN CONCESSION AREA • EL REFUGIO – LARGE HYDROTHERMAL CELL WITH HIGH-GRAD
Slide 11: Copalquin Highlights
COPALQUIN HIGHLIGHTS Newrange Gold Corp • HIGH-GRADE MAIDEN JORC RESOURCE IN ONLY 15 To MONTHS OF DRILLING+ Au Ag g/t From Interva Length AuEq* Hole ID interval interval AuEq* x Interval l Interval (g/t) (g/t) (g/t) m (m) (m) (m) • HIGHEST GRADE MAIDEN RESOURCE RELEASED FOR LA SOLEDAD MEXICO IN 2021
Slide 12: Progress in Copalquin Mining District
PROGRESS IN COPALQUIN MINING DISTRICT Newrange Gold Corp 12
Slide 13: Resource Growth – District Middle Mineralised Trend
RESOURCE GROWTH Newrange Gold Corp DISTRICT MIDDLE MINERALISED TREND • EXPANSION OF THE EL REFUGIO RESOURCE ALONG WEST AND EAST • SIGNIFICANT DEPTH POTENTIAL CONFIRMED BY RECENT DRILLING AND PETROGRAPHY • DEVELOPMENT OF THE DRILL TARGETS EAST ALONG THE MIDDLE TREND OF MINERALISATION 700m quartz brec
Slide 14: Resource Growth – Copalquin District South Mineralised Trend
RESOURCE GROWTH Newrange Gold Corp COPALQUIN DISTRICT - SOUTH MINERALISED TREND • CONTINUE TARGET DEVELOPMENT AROUND THE HISTORIC MULTI-LEVEL MINE OF SAN MANUEL • CONTINUE TARGET DEVELOPMENT AT LAS BRUJAS-EL PERU – HIGH-GRADES IN WORKINGS • MAPPING AND SAMPLING (SOILS & ROCK CHIP) – BEST TARGET IDEN
Slide 15: Maiden Mineral Resource Estimate – High Grade
MAIDEN MINERAL RESOURCE ESTIMATE – HIGH GRADE Newrange Gold Corp 2,416,000 TONNES CONTAINING UPSIDE FOR THIS TYPE OF RESOURCE 373,000 OZ GOLD @ 4.80 G/T • HIGH-GRADE UNDERGROUND MINING 10,953,000 OZ SILVER @ 141 G/T • LOW PLANT CAPEX FOR HIGH METAL PRODUCTION TOTAL 529,000 OZ AUEQ* @ 6.81 G/T AUEQ*
Slide 16: Mining Concepts Study – El Refugio
MINING CONCEPTS STUDY – EL REFUGIO Newrange Gold Corp 529,000 oz AuEq* (373,000 oz Au + 10.9 Moz Ag Mining concepts study – (4.80 g/t Au + 141 g/t Ag) conventional mining methods - 1,200m RL Early access to very high- grade via 300m horizontal adit - 800m RL CDH-077 Potential High-Grade Veins e.g. C
Slide 17: Metallurgy – High Recoveries, Standard Flowsheet
METALLURGY – HIGH RECOVERIES, STANDARD FLOWSHEET Newrange Gold Corp GOLD – 96% FLOTATION/LEACH RECOVERY SILVER – 91% FLOTATION/LEACH RECOVERY CRUSH/GRIND HIGH FLOTATON RECOVERIES HIGH CYANIDATION RECOVERIES FLOTATION 75 µm Au Flotation Kinetics Au / Ag Leaching of Flotation Concentrate 100 100.0 Au
Slide 18: Regional Analogues – Depth Potential
REGIONAL ANALOGUES – DEPTH POTENTIAL Newrange Gold Corp Pinos Altos Mine – Composite Longitudinal Section 1,000m 300m First Majestic Silver - San Dimas – Tayoltita Mine Depth Upside ~700m 1,250m 18
Slide 19: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Newrange Gold Corp • Exploration work using man-portable diamond core drill • Drilling contractor with developed environmental management practices • Future mine development – Small Footprint underground mining, high-grade, low tonnage, waste rock storage undergr
Slide 20: Copalquin - The Opportunity
COPALQUIN - THE OPPORTUNITY Newrange Gold Corp • COPALQUIN – AN ENTIRE SILVER DISTRICT WITH HIGH-GRADE GOLD – A DISTRICT SCALE PROPERTY - OVER 10KM STRIKE LENGTH TO EXPLORE FOR MULTI-MILLION OUNCES • WELL UNDERSTOOD EPITHERMAL VEIN DEPOSIT TYPE IN A REGION WITH WORLD CLASS MINES AND MULTI-MILLION OU
Slide 21: Contact details
Newrange Gold Corp John Skeet Mark Flynn Managing Director/CEO Investor Relations +61 435 766 809 +61 416 068 733 jskeet@mithrilresources.com.au mflynn@mithrilresources.com.au mithrilresources.com.au Authorised for release by John Skeet, MD & CEO Mithril Resources Limited 21
Slide 22: Newrange Gold: Canadian Projects
APPENDIX: Newrange Gold Corp NEWRANGE GOLD: CANADIAN PROJECTS • Projects are almost contiguous & comprise a total of 4,454 hectares 22
Slide 23: North Birch & Argosy Gold Mine Projects
NORTH BIRCH & ARGOSY GOLD MINE PROJECTS Newrange Gold Corp • District Scale Gold Exploration In Birch-Uchi Belt • Past-producing Argosy Gold Mine, in the prolific Red Lake District, has significant depth potential • Eight kilometre long, untested gold target also in Red Lake area of NW Ontario • Bot
Slide 24: Argosy Gold Mine Project
ARGOSY GOLD MINE PROJECT Newrange Gold Corp • Past producing (1931 - 1952) gold mine adjacent to North Birch Project • 101,875 oz of gold produced at average grade of 12.7 g/t gold* • Newrange owns 100% subject to a 2.5% NSR Primary • Only 72 historic drill holes (>10,500 target horizon m) and no wo
Slide 25: North Birch Gold Project – Regional Setting
NORTH BIRCH GOLD PROJECT – REGIONAL SETTING Newrange Gold Corp • Iron Formation Target • Folded Iron Formation (IF) is an attractive target for gold mineralization • IF hosted Au deposits are well known throughout the world • Largest is Homestake Mine, S. Dakota: 40+ Moz • Similar structural setting
Slide 26: North Birch Folded & Sheared Iron Formation
NORTH BIRCH FOLDED & SHEARED IRON FORMATION Newrange Gold Corp • 3,850 ha covering the entire Iron Formation (IF) package • 100% owned subject to 2% NSR • Several structures cutting the IF • Only a few kilometres from Argosy Mine & Kostynuk Mine - both show Au in IF 26
Slide 27: North Birch Folded & Sheared Iron Formation
NORTH BIRCH FOLDED & SHEARED IRON FORMATION Newrange Gold Corp • LiDAR survey flown in 2021 shows pronounced break in topographic features following the trace of the iron formation - interpreted as a shear zone, >8km long • Iron formations are known to be excellent physical and chemical traps for go
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