Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (March 2024)
21 slides from Mithril Silver And Gold's investor presentation, Mar 12, 2024
Slide 1: Mithril Resources Limited - Investor Presentation March 2024
For personal use only MITHRIL RESOURCES LIMITED ASX:MTH Copalquin, Mexico - High-Grade Gold & Silver INVESTOR PRESENTATION - MARCH 2024 1
Slide 2: Disclaimer
DISCLAIMER The release, publication or distribution of this presentation in certain jurisdictions may be The information in this presentation that relates to Mineral Resources or Ore Reserves is based on information restricted by law and therefore persons in such jurisdictions into which this presen
Slide 3: Executive Summary
EXECUTIVE SUMMARY KEY POINTS For personal use only ü Mithril (MTH) is a high-grade gold-silver explorer and developer in Mexico. ü Mithril’s Copalquin Project is a historic mining district in the prolific Sierra Madre trend ü Mexico is the world’s No. 1 silver and No. 7 gold producer ü Proven team a
Slide 4: Snapshot & History
SNAPSHOT & HISTORY CORPORATE OVERVIEW MTH ASX HISTORY (MARKET CAP PEAKED ~A$120m) 120.0m Current Shares on Issue 3.37bn Last Share Price A$0.002 Post AGM and Proposed 100:1 Consolidation¹ 100.0m For personal use only Market Cap ($AUD) Options @$1.50, 4/’24 1.75m 80.0m Existing Shares (100:1) 33.7m O
Slide 5: Board, Management & Advisors
BOARD, MANAGEMENT & ADVISORS CRAIG SHARPE Non-Executive Chairman CLAIRE NEWSTEAD-SINCLAIR Company Secretary • Over 25 years’ experience in the finance industry across FX, management, institutional and retail • Experienced finance professional with over 15 years’ experience in senior financial roles
Slide 6: Mexico & Project Overview
MEXICO & PROJECT OVERVIEW MEXICO IS A GLOBALLY IMPORTANT MINING INDUSTRY REGIONAL DISTRICTS ARE LARGE AND LONG LIVED Historic Production & Dolores 2.4Moz Au 94Moz Ag For personal use only Current Resources La India Mulatos 4.5Moz Au 100km Pinos Altos 3.6Moz Au 100Moz Ag Ocampo 2.9Moz Au 126Moz Ag TH
Slide 7: Mexico Mining & Silver
MEXICO MINING & SILVER Mkt. Cap. Companies in Mexico >A$1Bn 8-Jan-24 (A$Bn) For personal use only Newmont Corporation 69.2 Grupo Mexico 62.1 Agnico Eagle Mines Limited 38.9 Wheaton Precious Metals Co 32.1 Franco-Nevada Corporation 31.5 Teck Resources Limited 31.2 Pan American Silver Corp. 8.4 Indust
Slide 8: Management Experience & Success in Mexico (US$1bn Takeover)
MANAGEMENT EXPERIENCE & SUCCESS IN MEXICO (US $1BN TAKEOVER) BOLNISI GOLD - PALMAREJO PROJECT, CHIH MEXICO BOLNISI GOLD (ASX:BSG) COMPARED TO GOLD PRICE • First drilling at Palmarejo 2004. Historic mine (1890’s), no For personal use only previous drilling. • By Oct 2006, 3Moz AuEq resource (86% M&I)
Slide 9: Copalquin Highlights
COPALQUIN HIGHLIGHTS • HIGH-GRADE MAIDEN RESOURCE (JORC AND NI 43-101) IN ONLY Gold Silver 15 MONTHS OF DRILLING+ Hole ID From To Length interval interval Gold Eq* Silver Eq* Interval Interval Interval (g/t) (g/t) (g/t) (g/t) (m) (m) (m) For personal use only • HIGHEST GRADE MAIDEN RESOURCE RELEASED
Slide 10: The Treasure of the Sierra Madre
For personal use only THE TREASURE OF THE SIERRA MADRE 10
Slide 11: Resource Growth - District Middle Section
RESOURCE GROWTH - DISTRICT MIDDLE SECTION • EXPANSION OF THE EL REFUGIO RESOURCE ALONG WEST AND EAST • SIGNIFICANT DEPTH POTENTIAL CONFIRMED BY MITHRIL’S DRILLING AND PETROGRAPHY WORK For personal use only • DEVELOPMENT OF THE DRILL TARGETS EAST ALONG THE MIDDLE TREND OF MINERALISATION 700m quartz b
Slide 12: Resource Growth - District South Section
RESOURCE GROWTH - DISTRICT SOUTH SECTION • CONTINUE TARGET DEVELOPMENT AROUND THE HISTORIC MULTI-LEVEL MINE OF SAN MANUEL • CONTINUE TARGET DEVELOPMENT AT LAS BRUJAS-EL PERU – HIGH-GRADES IN WORKINGS For personal use only • MAPPING AND SAMPLING (SOILS & ROCK CHIP) – BEST TARGET IDENTIFICATION TOOL D
Slide 13: Maiden Mineral Resource Estimate - High Grade
MAIDEN MINERAL RESOURCE ESTIMATE – HIGH GRADE RESOURCE HIGHLIGHTS ü High-grade underground mining taking ü 17,700 m drilled, US$12.50 per oz AuEq* all ü 8,300 m drilled at El Refugio since maiden advantage of topography in discovery cost resource estimate For personal use only ü Open at depth, only
Slide 14: Mining Concepts Study - El Refugio
MINING CONCEPTS STUDY – EL REFUGIO 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 For personal use only - 1,200m RL Early access to very high- grade via 300m horizontal adit - 800m RL CDH-077 Potential High-Grade Veins e.g
Slide 15: Work Program & Go Forward Plan
WORK PROGRAM & GO FORWARD PLAN 2024 2025 2027 2028 For personal use only Drilling, Studies & Assessments, Project Development Expansion and generative drilling. Continued district target development and ranking Exploration Geologic model development, deeper drilling assessment Lidar and mag. survey
Slide 16: Environmental, Social and Governance
For personal use only ENVIRONMENTAL, SOCIAL AND GOVERNANCE ENVIRONMENT SOCIAL GOVERNANCE • Exploration work using man-portable • The company philosophy at the Copalquin • Fully compliant with all federal laws – diamond core drill district is to support communities via permitting, taxation, employmen
Slide 17: Permitting, Land and Infrastructure
PERMITTING, LAND AND INFRASTRUCTURE PERMITTING LAND INFRASTRUCTURE • Permitted for drilling under NOM- • Land is municipal land • Electricity 120-SEMARNAT-2020, currently in For personal use only • No registered ejidos transmission line 20km north force • No registered communities & 34.5kV 20km east
Slide 18: Copalquin Summary
COPALQUIN SUMMARY • Copalquin, Mexico – A silver mining district with high-grade gold • A well understood deposit type in a region with world class mines and multi- million-ounce districts For personal use only - 10km strike length to explore for multi-million ounces of silver and gold - 70 historic
Slide 19: Peer Comparisons
PEER COMPARISONS Project Stage Exploration Mining Exchange / Code ASX: MTH TSX: PRYM ASX: SVL TSXV: VZLA TSX: GGD For personal use only Market Cap (AUD) $8.4m $376m $226m $369m $425m Cash (AUD) $3.8m $37m $13m $50m $100m 5 Year share price change $0.001 - $0.051 $0.26 - $5.05 $0.04 - $0.32 $0.15 - $
Slide 20: Key Takeaways
For personal use only KEY TAKEAWAYS Right Location – Sierra Madre Scope to increase ounces in Strong initial news flow with Occidental endowment and near term material scope for resource major operators upgrades with drilling Proven management team with Significant re-rate potential Silver price is
Slide 21: Capital Raising Joint Lead Managers / Contact
For personal use only Capital Raising Joint Lead Managers: John Skeet Simon Catt Craig Stranger Managing Director/CEO Arlington PAC Partners +61 435 766 809 +447866565544 +61 409 206 500 jskeet@mithrilresources.com.au scatt@agam.co.uk cstranger@pacpartners.com.au 21
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