Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — RIU Explorers Conference 2015
18 slides from Mithril Silver And Gold's conference presentation, Feb 25, 2015
Slide 1: Stark – A new WA Copper Nickel PGE Discovery
Mithril Resources (ASX: MTH) For personal use only Stark – A new WA Copper Nickel PGE Discovery David Hutton | Managing Director | 25 February 2015
Slide 2: Mithril Snapshot
Mithril Snapshot For personal use only WA Goldfields New Stark discovery Copper Nickel PGE’s Stark Slide 2
Slide 3: Location
Location For personal use only 80kms SE of Meekatharra JV with Intermin Resources (ASX: IRC) - MTH earning 75% by spending $4M over 6 years 100% - owned tenement applications Key attractions: Regional Setting Existing mineralisation Exploration upside Able to apply new geological ideas Slide 3
Slide 4: Discovery History
Discovery History For personal use only December 2013: JV agreement April 2014: Magmatic nickel sulphides recognised April 2014: Stark copper - nickel - PGE gossan identified June 2014: Geological mapping completed September 2014: New bedrock EM Conductors identified December 2014: Semi-massive sulp
Slide 5: Regional Setting
Regional Setting For personal use only Large crustal scale structure Footwall of the Barrambie Sill Complex Stark Geoscience Australia Seismic Section 10GA-YU2 Slide 5
Slide 6: Stark Prospect
Stark Prospect For personal use only No previous drilling Mafic host rocks Magmatic sulphides First drill results: 16m @ 0.81%Cu, 0.09%Ni, 0.39g/t PGE’s including 4m @1.91%Cu, 0.18%Ni, and 0.96g/t PGE’s High tenor Remains OPEN in all directions Slide 6
Slide 7: A big system
A big system For personal use only 2m @ 1.32%Cu, 0.03%Ni, 0.80g/t PGE’s Bedrock EM Conductor Plates Nanadie Well Copper Deposit (151Kt Cu metal) 11m @ 0.33%Cu, 0.06%Ni, 0.31g/t PGE’s 4m @ 1.91%Cu, 0.18%Ni, 0.96g/t PGE’s Magnetic trend Stark Gossan Gabbro outcrop Slide 7
Slide 8: 6,994,050N section
6,994,050N section For personal use only Slide 8
Slide 9: Downhole EM
Downhole EM For personal use only Confirms semi-massive sulphides in RC drilling as source of ground EM conductors NRC14008 DHTEM profile: Off-hole conductors modelled up to 4000S – Semi massive sulphides at 195m – Good off-hole very high conductance (massive sulphides?) response (near hole) persist
Slide 10: Size potential
Size potential For personal use only 500 metres Slide 10
Slide 11: Regional potential
Regional potential For personal use only 20 kilometres of prospective rocks Boundary of MTH ground EM surveys Directly along strike from Stark Shallow (≤ 20 metres) cover Stark Prospect New targets - no previous EM or drilling Easy access Tenement to be granted June 2015 Qtr. Field reconnaissance of
Slide 12: The right ingredients
The right ingredients For personal use only What we have seen so far… 100’s of metres Gabbro / gabbro- Rafts of sediments 100’s of metres norite intrusions ”crustal contamination” Disseminated and stringer sulphides Footwall sediments Basal breccia Massive and semi-massive copper and nickel sulphide
Slide 13: Next Steps
Next Steps For personal use only Drilling assay Results - March Downhole EM - March Regional targets - June Qtr. Slide 13
Slide 14: Key Points
Key Points For personal use only New discovery (late 2014) High Grade Copper Nickel PGE’s Big mineral system Stark Slide 14
Slide 15: Corporate Summary
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 $3.00M Non Executive Director & Donald Stephens Cash (31/12/2015) $1.25M Company Secre
Slide 16: JORC Information
JORC Information For personal use only Nanadie Well Copper Deposit (MTH earning 75%) 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 “Initial Resource
Slide 17: 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 18: Contact Details
Contact Details For personal use only Website – www.mithrilresources.com.au Email – admin@mithrilresources.com.au Phone – 08 8378 8200 Follow us on MithrilResources@MTHResources Slide 18