Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — SAEMC 2016

18 slides from Mithril Silver And Gold's conference presentation, Dec 2, 2016

1. Slide 1: Coompana — hunting for elephants in South Australia's far west

   Coompana — hunting for elephants in South Australia’s far west MITHRIL 02 December 2016 - RESOURCES LTD David Hutton.| Managing Director

2. Slide 2: Acknowledgements

   For personal use only  The Far West Coast Aboriginal Corporation on behalf of the Coompana District Traditional Owners  Geological Survey of South Australia  Geoscience Australia  OZ Minerals Limited 2

3. Slide 3: TMI Image – South Australia

   For personal use only TMI Image – South Australia 3

4. Slide 4: Under-explored, discovery potential, magmatic nickel-copper focus

   For personal use only  Under-explored  Discovery potential  State Government initiatives  Magmatic nickel - copper focus  Mithril - OZ Minerals partnership 4

5. Slide 5: Attracting Mithril and OZ Minerals involvement

   For personal use only  Attracting Mithril and OZ Minerals involvement  High quality pre-competitive data (magnetics, seismic)  Gravity and drilling planned for early 2017  Geological Survey of South Australia technical support 5

6. Slide 6: Exploration Licences pegged by OZ Minerals

   For personal use only  7 Exploration Licences pegged by OZ Minerals (OZL:ASX)  OZ Minerals sole - funding initial target generation phase  Mithril responsible for conducting target generation  On decision to drill:  Mithril can earn 20% by funding $0.4M of a $2M drill program with balance funde

7. Slide 7: Magmatic nickel-copper deposit type examples and characteristics

   For personal use only  Type examples:  Norilsk: 1.3Gt @ 1.8% nickel, 3.6% copper, 9.5g/t PGE’s  Jinchuan: ~500Mt @ 1.2% nickel, 0.7% copper  Voisey’s Bay: 77.6Mt @ 2.3% nickel, 1.2% copper  Nova – Bollinger: 14.3Mt @ 2.3% nickel, 0.9% copper  Characteristics of intrusive magmatic nickel – copp

8. Slide 8: Coompana

   For personal use only Coompana  Gairdner Large Igneous Province - mafic (tholeiitic) rocks  Craton margin - large (crustal) scale structures 8 Figures from Geoscience Australia - Record 2016/01

9. Slide 9: Core photos: gabbro and vesicular basalt

   For personal use only Gabbro intrusive (BN2 373.1m) Vesicular basalt (CD1 323.4m) Flow banding in vesicular basalt (CD1 354.2m) 9 Vesicular basalt (CD1 325.4m)

10. Slide 10: Craton margin

    For personal use only  Craton margin  Large crustal scale structures highlighted by seismic data  Palinar Shear Zone Interpreted Seismic section – 45kms vertical extent Figure from T. Wise 2015. Coompana Province 10 Basement Geology and Aeromag Interpretation

11. Slide 11: Potential nickel-copper mineralised positions

    For personal use only Potential nickel-copper mineralised positions 11

12. Slide 12: There are challenges

    For personal use only  There are challenges:  Depth to Proterozoic basement  Sparse basement drill intercepts  Potentially conductive overburden  Importance of pre-competitive data:  Seismic - available  Magnetics - available  Gravity - available 2017  Drilling - available 2017 12 Madura Fo

13. Slide 13: $3M program funded by PACE and GA

    For personal use only  $3M program funded by: PACE ($2M) and GA ($1M)  Commencing April 2017 MTH / OZL Figure courtesy of Miles Davies - 13 General Manager PACE

14. Slide 14: TMI Magnetics

    14 For personal use only TMI Magnetics AnSig_SEShade_lin RTP_1VDSEShade_lin VIAS_SEShade_lin RTP_NEShade_lin (faded) 20kms

15. Slide 15: 2016–2017 activity timeline

    For personal use only 2016 2017 Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Oct Nov Dec Community Consultation (FWCAC) Target Generation Gravity Survey Drilling EM survey * Timing of Mithril and Oz Minerals' 2017 Activities indicative only. Drilling 15 Subject to Statutory Approvals and confirm

16. Slide 16: Summary: Coompana emerging as a highly prospective province

    For personal use only  Coompana emerging as a highly prospective province  High-quality precompetitive data underpinning target generation  Value of the Mithril - OZ Minerals partnership  Reinforces the importance of the South Australian Government’s ongoing initiatives for mineral exploration 1

17. Slide 17: 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 parties and though Mithril has

18. Slide 18: Contact

    For personal use only  Website : www.mithrilresources.com.au  Email : dhutton@mithrilresources.com.au  Phone : 041 797 4843 @MTHResources 18

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