Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (September 2015)
28 slides from Mithril Silver And Gold's investor presentation, Sep 7, 2015
Slide 1: Share Purchase Plan Investor Update Presentation
Mithril Resources (ASX: MTH) For personal use only Share Purchase Plan Investor Update Presentation David Hutton | Managing Director | 7 September 2015
Slide 2: Company Snapshot
Company Snapshot For personal use only Active explorers Stark copper-nickel-PGE discovery Spargos Reward high-grade gold Building a project pipeline Priority drill targets SPP closing 21st Sept 2015¹ Drilling Dec 15 Qtr.² ¹subject to Director’s discretion to vary - ²subject to successful capital rai
Slide 3: Share Purchase Plan
Share Purchase Plan For personal use only Eligible shareholders can purchase up to $15,000 of new shares at 0.45 cents per share Use of Funds • Advance drill targets at Stark • Support ongoing target generation activities • Working capital purposes Directors intend to take up their maximum entitleme
Slide 4: Reasons to invest
Reasons to invest For personal use only Short term share price catalyst • Drilling planned for December 2015 Qtr. (subject to successful capital raising) o Stark - 3 untested EM conductors adjacent high-grade massive sulphides (up to 13.7% copper, 1.62% nickel, 3.94g/t PGE’s in drilling to date) o T
Slide 5: Reasons to invest
Reasons to invest For personal use only Skilled Exploration Team • “Boots on ground” • Strong multi-commodity exposure – copper, nickel, gold, silver, lead, zinc • Over 100 years of in-house exploration experience • Discovery success • All have “skin in the game” Building a project pipeline • Active
Slide 6: Stark copper-nickel-PGE discovery
Stark copper-nickel-PGE discovery For personal use only 80km SE of Meekatharra Subject to the Nanadie Well JV with Intermin Resources (ASX: IRC) • MTH can earn 60% by spending $2M by April 2018 • MTH can earn an additional 15% by spending a further $2M by April 2020 • In total – 75% by spending $4M
Slide 7: What is Stark?
What is Stark? For personal use only A new Mithril discovery Large magmatic copper-nickel-PGE mineral system • 1 km strike length and remains open in all directions • Evidence for separate parallel lodes • Only 8 holes drilled to date High Grade • Massive and disseminated sulphides • Up to 13.7% cop
Slide 8: Stark ground EM conductors
Stark ground EM conductors For personal use only Over half of the EM conductor not tested by drilling Slide 8
Slide 9: Stark downhole EM conductors
Stark downhole EM conductors For personal use only Support the ground EM conductors Geophysical signatures consistent with massive sulphides (2,000 – 3,000S) No “false” conductors (i.e. graphite or black shale) in Stark drilling to date NRC14003, 008, and NDD15001 NDD15002 Long section (looking west
Slide 10: Stark EM conductors – long section view
Stark EM conductors – long section view For personal use only Slide 10
Slide 11: Stark EM conductors – cross section view
Stark EM conductors – cross section view For personal use only Lie on prospective “basal” contact of mafic intrusion Needs more drilling! Relative position of 2,000S off hole conductor drill targets EM conductors (red polygons) superimposed on 6,994,050N cross section (NRC14003, 008, and NDD15001) I
Slide 12: Stark planned drillholes
Stark planned drillholes For personal use only Planned drill pierce point Slide 12
Slide 13: Stark photos
For personal use only Slide 13 Stark photos
Slide 14: Target A copper
Target A copper For personal use only 20 kms NNW of Stark 100% owned Outcropping “blebby” copper sulphides 0.55% copper in rock chips New ground EM anomaly No previous drilling Slide 14
Slide 15: Target A EM anomaly
Target A EM anomaly For personal use only Outcrop boundary “Blebby” sulphide location New EM anomaly “blebby” magmatic sulphides (red arrows) Adjacent EM anomaly Mithril Resources Target A EM (ch15) Image, outcrop boundaries and magnetic trends Slide 15
Slide 16: Target D copper-gold
Target D copper-gold For personal use only 2 km SE of Stark Nanadie Well JV Limited outcrop - soil cover Brecciated quartz veins mapped within series of prospecting pits over 130 metres strike Mafic / metasediment contact Up to 12.85% copper, 6.97g/t gold in rock chips 2 historic RAB holes were not
Slide 17: Target D planned drillholes – Dec 2015 Qtr.
Target D planned drillholes – Dec 2015 Qtr. For personal use only Historic RAB holes A and B were not deep enough and failed to reach target 2 - 3 holes planned to test contact within Rock chip sampling – vicinity of rock chip samples 7.9%Cu, 2.95g/tAu, 6.5g/tAg and 24.4%Cu, 7.62g/tAu, 43g/tAg Metas
Slide 18: Spargos Reward Gold Project
Spargos Reward Gold Project For personal use only 20km west of Kambalda Located close to infrastructure High-grade gold belt (i.e. Wattle Dam) Numerous targets including Spargos Reward Gold Deposit New exploration partner Slide 18
Slide 19: Spargos Reward Gold Project
Spargos Reward Gold Project For personal use only New exploration partner - Corona Minerals to earn up to 85% (excluding MEP’s Ni Rights) Agreement Terms: • Corona will purchase a initial 50% interest for A$100,000 cash, payable on completion (September 2015) • Corona will sole fund A$150,000 in exp
Slide 20: Spargos Reward Gold Deposit
Spargos Reward Gold Deposit For personal use only Discovered - early 1930’s Mined - 1936 to 1942 and 1989 to 1991 (~30Koz produced @ 8g/t gold) Shear hosted with multiple lodes Remains open down dip and along strike Slide 20
Slide 21: Spargos Reward Gold Deposit
Spargos Reward Gold Deposit For personal use only 2013 drill results include: • 8m @ 10.30 g/t gold from 242 metres including 3m @ 25.73 g/t gold • 10m @ 4.60 g/t gold from 256 metres including 3m @ 13.00 g/t gold • 10m @ 3.18 g/t gold from 250 metres including 2m @ 8.15 g/t gold • 4m @ 6.63 g/t gol
Slide 22: Building a project pipeline - Kalgoorlie District
Building a project pipeline - Kalgoorlie District For personal use only Silver Swan North (application) – nickel and gold Kurnalpi (granted) – nickel and gold Spargos Reward (granted) – gold Norsemen West (application) – nickel and gold Slide 22
Slide 23: Planned Activities
Planned Activities For personal use only Activity September October November December Share Purchase Plan Spargos Reward Transaction Completion Drilling – Stark EM conductors / Targets A and D¹ ¹subject to successful capital raising Slide 23
Slide 24: Company Snapshot
Company Snapshot For personal use only Active explorers Stark copper-nickel-PGE discovery Spargos Reward high-grade gold Building a project pipeline Priority drill targets SPP closing 21st Sept 2015¹ Drilling Dec 15 Qtr.² ¹subject to Director’s discretion to vary - ²subject to successful capital rai
Slide 25: Appendix 1. Corporate Summary
Appendix 1. Corporate Summary For personal use only Overview Directors and Management Shares on issue 421 million Graham Ascough Non Executive Chairman Options (unlisted) 22.1 million David Hutton Managing Director Market Cap $2.10M Non Executive Director & Donald Stephens Cash (30/06/2015) $0.54M C
Slide 26: Appendix 2. JORC Information
Appendix 2. JORC Information Nanadie Well Copper Deposit (MTH earning 75%) For personal use only 2004 JORC Code Tonnes Copper % Gold ppm Contained Copper (tonnes) Contained gold (ounces) Classification (Mt) Inferred 36.07 0.42 0.064 151,506 74,233 Refer to Intermin Resources’ ASX Announcement “Initi
Slide 27: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement 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
Slide 28: Contact Details
Contact Details For personal use only Website – www.mithrilresources.com.au Email – admin@mithrilresources.com.au Phone – 08 8132 8800 Follow us on MithrilResources@MTHResources Slide 28
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