Slide 1: ASX announcement: Presentation by Managing Director Graham Ascough
For personal use only 17 March 2010 Presentation by Managing Director Graham Ascough Mithril Resources’ Managing Director, Graham Ascough, will today present an update on the Company’s activities and projects to the investment community at the Symposium Resources Roadshow in Melbourne. The key point
Slide 2: Symposium Resources Roadshow
For personal use only Symposium Resources Roadshow RACV Club, Melbourne March 17, 2010 ASX: MTH www.mithrilresources.com.au Please note the important disclaimer and competent person’s statement at the end of this presentation
Slide 3: Huckitta Project, NT – Basil Prospect
Huckitta Project, NT – Basil Prospect For personal use only q Basil is a new copper discovery Nov ‘09 – Copper & Cobalt mineralisation intersected over (Basil) on 100% held ground that 900m of strike at the Rotten Hill portion of the >10km Basil Trend has the potential to deliver a large tonnage, ne
Slide 4: Mithril Resources Ltd – Summary
Mithril Resources Ltd – Summary Mithril is a base metal explorer with a highly experienced For personal use only team that combines advanced technology with traditional exploration to deliver success in frontier (greenfield) areas Capital Structure q Shares on Issue (MTH) 119.1M q Unlisted Options 1
Slide 5: Governance
Governance John Roberts (Chairman, Non-Executive Director) For personal use only § A geologist with over 51 years experience in the mining industry § Responsible for Homestake Gold of Australia from 1977 to 1993 (Managing Director from 1987) § Holds a number of board positions in junior exploration
Slide 6: Ground under exploration
Ground under exploration For personal use only Pardoo/East Pilbara Huckitta (Harts Range) Advanced exploration at Pardoo, host to the New copper discovery at Huckitta in the NT Highway Resource: 44.7Mt at 0.3%Ni, 0.1%Cu with additional nickel and copper prospects to be tested SA Musgraves The leadin
Slide 7: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals For personal use only q Then: September 2008 One mineral occurrence, no drill ready targets and no previous drilling q Now: March 2010 New Cu discovery, several nickel and copper mineral occurrences & a pipeline of drill targets M ajor drilling program set to com m en
Slide 8: Huckitta Project and Prospects
Huckitta Project and Prospects Surface rockchip samples Plenty Highway For personal use only Baldrick Blackadder 2.3%Ni, 2.4%Cu 3 .8%Ni, 9.6%Cu Manuel 8.6%Cu, 0.18gpt Au Edmund 2.6%Cu, 65g/t Ag Elevated Ni & PGE’s Hale River 13% Cu, 2.9g/tAu Flashheart 3.9%Cu, 0.3g/tAu Basil Copper Trend (>10km) Up
Slide 9: Huckitta Project Area – Satellite Image
Huckitta Project Area – Satellite Image Surface Rockchip/Lag >1.0% Cu For personal use only Baldrick 0.1%Cu to 1.0%Cu 2.3%Ni, 2.4%Cu 0.03%Cu to 0.1% Cu <0.03%Cu Blackadder 3.8%Ni, 9.6%Cu Polly Cu Trend >2.5km Up to 8.4%Cu, 0.15gpt Au PLANNED VTEM COVERAGE Rotten Hill Basil Trend Edmund >10km 2.6%Cu,
Slide 10: Basil Long Section
LBRC12 41m at 0.6% Cu, 432ppm Co LBRC3 Incl 3.0m @ 1.4% Cu 9.0m @ 1.0% Cu 5.0m @ 0.9% Cu LBRC2 LBDD1 For personal use only LBRC11 LBRC17 LBDD2 Rotten Hill LBRC1 Long Section LBRC5 LBRC6/LBDD3 1000m LBRC11 LBRC17 18m@0.3%Cu 50m@ 0.3%Cu LBRC4 LBRC3 20m@0.4%Cu 5m@0.4%Cu LBRC2 LBRC1 LBRC6/LBDD3 28m@0.4%
Slide 11: Cross Section 30700E – Rotten Hill
Cross Section 30700E – Rotten Hill Rotten Hill LBRC4 LBRC12 LBDD2 For personal use only 20m @ 0.4% Cu, 0.06% Co 9m @ 0.4% Cu, 0.04% Co -50m 41m @ 0.6% Cu, 0.04% Co 3m @ 1.4% Cu, 0.04%Co 91m 9m @ 1.0% Cu, 0.03%Co 4.5m @ 0.130% Cu, 0.01%Co -100m 5m @ 0.9% Cu, 0.05%Co 14.5m @ 0.3% Cu, 0.05%Co -150m 25m
Slide 12: Southern Portion of the Basil Prospect
Southern Portion of the Basil Prospect Mineralisation extends to the northwest Surface Rockchip/Lag For personal use only Total strike > 10km >1.0% Cu ROTTEN HILL ZONE 0.1%Cu to 1.0%Cu Cu-Co mineralisation 0.03%Cu to 0.1% Cu intersected over a <0.03%Cu 900m strike length WEDGE ZONE Untested EM anoma
Slide 13: Basil Prospect – looking ESE
Basil Prospect – looking ESE Outcropping Cu m ineralisation identified during VTEM Follow -up WEDGE For personal use only QV Zone Cu mineralisation over a Cu mineralisation over a strike strike length of 370m length of 250m up to 3%Cu WEDGE Cu mineralisation in Up to 8.4% Cu ironstone and quartz ROT
Slide 14: Southern Portion of the Basil Prospect: Ground EM Results & Planned Drillholes
Southern Portion of the Basil Prospect Ground EM Results & Planned Drillholes (blue) Mineralisation extends to the northwest Surface Rockchip/Lag For personal use only Total strike > 10km >1.0% Cu 0.1%Cu to 1.0%Cu 0.03%Cu to 0.1% Cu <0.03%Cu ROTTEN HILL ZONE 4000m of Drilling Targeting; § Higher cop
Slide 15: Copper Targets on Satellite Image
Copper Targets on Satellite Image Leaky Bore Tenement (100% Mithril) For personal use only Surface Rockchip/Lag >1.0% Cu 0.1%Cu to 1.0%Cu q Pipeline of targets PLANNED being advanced to 0.03%Cu to 0.1% Cu the drill stage VTEM COVERAGE <0.03%Cu 1 km Manuel Up to 8.6%Cu, 0.18gpt Au EM TARGETS UNDER SA
Slide 16: 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 3.8%Ni, 9.6%Cu 1.7g/tPGEs, 25g/tAg BARC002 2m @ 0.12%Ni BARC003 q Initial drilling validates nickel po
Slide 17: 2010 Planned Work Program
2010 Planned Work Program For personal use only ACTIVITY Mar Apr May Jun Jul Aug Sep Oct Nov Dec Geology/Mapping Ground Geophysics Airborne Geophysics Drilling The next 6 months... q Drilling to recommence at Basil, 4000m planned q Targeting higher copper grades and 7 untested EM anomalies q Establi
Slide 18: East Pilbara Projects on Magnetics
East Pilbara Projects on Magnetics For personal use only q Mithril has increased its PARDOO footprint in the East Pilbara Pardoo through four new ELAs (Atlas) Shay Gap (Jupiter) Goldsworthy Poondana (BHPB) q Focus on nickel potential of (Polaris) Yarrie (BHPB) prospective ultramafic (‘UM’) horizons
Slide 19: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd Objectives For personal use only q Discover new mineralisation outside the existing resource area Supply Well q Identify higher grade zones (>1% nickel) within and around the Highway Deposit q Evaluate processing options for Hi
Slide 20: Musgrave Province – South Australia
Musgrave Province – South Australia For personal use only q Musgrave Province has similarities to other Proterozoic aged provinces that host world-class mineral deposits q Main difference is the lack of WA NT exploration SA q Mithril is 1 of 4 companies with exploration access Nebo/Babel 396Mt @ 0.3
Slide 21: Summary
Summary For personal use only q Mithril is a frontier explorer with a highly experienced team that combines advanced technology with traditional exploration to deliver exploration success q Basil is a new copper discovery on 100% held ground that has the potential to deliver a large tonnage, near su
Slide 22: Important Notices
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