Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — South Australia Resources and Energy Investment Conference 2010
21 slides from Mithril Silver And Gold's conference presentation, May 3, 2010
Slide 1: Presentation by Mithril Resources Managing Director Graham Ascough
For personal use only May 3, 2010 Presentation by Mithril Resources Ltd’s Managing Director Graham Ascough Mithril Resources Ltd Managing Director Graham Ascough will today present an update on the Company’s activities/projects to the investment community at the South Australia Resources and Energy
Slide 2: Basil, Blackadder & the Musgraves
For personal use only Basil, Blackadder & the Musgraves May 3, 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: Agenda
Agenda For personal use only Mithril Resources Overview Huckitta Project – Northern Territory Musgrave Minerals – South Australia
Slide 4: Mithril's Projects and Highlights
Mithril’s Projects and Highlights For personal use only Pardoo/East Pilbara Huckitta (Harts Range) Advanced exploration at Pardoo, host to A new copper discovery (Basil) on the Highway Resource: 100% held ground with potential 50Mt @ 0.3%Ni, 0.13%Cu, 0.03% Co for a large tonnage, near surface resour
Slide 5: 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 Shares on Issue (MTH) 119.1M Unlisted Options 1
Slide 6: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals For personal use only Then: September 2008 One mineral occurrence, no drill ready targets and no previous drilling Now: May 2010 New Cu discovery, several nickel and copper mineral occurrences & a pipeline of drill targets M ajor drilling program set to com m ence
Slide 7: 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 8: Huckitta Project Copper and Nickel Prospects
Huckitta Project Copper and Nickel Prospects For personal use only Surface Rockchip/Lag Treasure JV (MTH earning 80%) >1.0% Cu 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu <0.03%Cu 2010 VTEM 4 km COVERAGE Blackadder 2009 3.8%Ni, 9.6%Cu VTEM COVERAGE (MTH 100%) Leaky Bore (MTH 100%) 20
Slide 9: Long Section drill intercepts
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 10: Basil Prospect – looking ESE
Basil Prospect – looking ESE Outcropping Cu m ineralisation identified during VTEM Follow -up WEDGE WEDGE For personal use only Cu mineralisation over a strike Cu mineralisation in length of 250m up to 3%Cu ironstone and quartz ROTTEN HILL GOSSAN alteration 400mx20m Rockchips from 0.1%Cu to 2.4%Cu Q
Slide 11: Southern Portion of the Basil Prospect
Southern Portion of the Basil Prospect Ground EM Results & Planned Drillholes (blue) Mineralisation extends to the northwest 0.28%Cu, 1.3 gpt Ag Surface Rockchip/Lag For personal use only Total strike > 10km >1.0% Cu ROTTEN HILL 0.1%Cu to 1.0%Cu ZONE 0.03%Cu to 0.1% Cu <0.03%Cu HRRC220 4.6%Cu, 11gpt
Slide 12: Huckitta Project - Copper and Nickel Prospects
Huckitta Project - Copper and Nickel Prospects Planned VTEM Coverage For personal use only Surface Rockchip/Lag Treasure JV (MTH earning 80%) >1.0% Cu 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu <0.03%Cu 2010 VTEM 4 km COVERAGE Blackadder 2009 3.8%Ni, 9.6%Cu VTEM COVERAGE (MTH 100%)
Slide 13: 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 Initial drilling validates nickel po
Slide 14: 2010 Planned Work Program
2010 Planned Work Program For personal use only ACTIVITY May Jun Jul Aug Sep Oct Nov Dec Geology/Mapping Ground Geophysics Airborne Geophysics Drilling Drilling to recommence at Basil, 4000m planned Targeting higher copper grades and 7 untested EM anomalies Establishing resource potential of B
Slide 15: Mithril, Independence and Goldsearch Join Forces to Unlock Musgrave Potential
MITHRIL, INDEPENDENCE AND GOLDSEARCH JOIN FORCES TO UNLOCK MUSGRAVE POTENTIAL For personal use only Mithril (100%) A Musgrave focussed explorer with Independence/Goldsearch ~50,000km2 of exploration interests Mithril/PMC-Zeil no1 JV Mithril/Integra JV Mithril/Argonaut JV Mithril/Barrick JV
Slide 16: Musgrave Minerals Limited
Musgrave Minerals Limited Mithril, Independence and Goldsearch have agreed to join forces to accelerate For personal use only exploration in the highly prospective Musgrave region of South Australia by forming Musgrave Minerals Limited Musgrave Minerals will be a dedicated mineral explorer in th
Slide 17: Musgrave Region – South Australia
Musgrave Region – South Australia Priority Tenements, Gilles Complex and Mineral Occurrences For personal use only Wingellina, Claude Hills Focus on nickel-copper sulphides & PGE deposits Interpreted Giles Complex Potential for Cu-Au, Zn-Pb, Fe-V and REE’s Mt Alvey Mt Caroline Tuckerbox Sill Mt
Slide 18: Musgrave Barrick JV – Western EL's
Musgrave Barrick JV – Western EL’s (Mithril earning an 80% interest) For personal use only Ni-Cu Sulphide Targets Mt ALVEY PROSPECT 14m@0.42g/t Pt+Pd DEERING HILLS Incl. 4m@0.91g/t Pt+Pd Rare Earth Element Prospect Grabs to 9.3% REE DEERING HILLS VANADIUM-MAGNETITE Grab samples to 0.83%V205, 55.1%Fe
Slide 19: Independence/Goldsearch EL 3955
Independence/Goldsearch EL 3955 Nickel in Soil Geochemistry Results For personal use only Independence Group Projects TUCKERBOX Wanka Wanka Sill Gridded regional soil sampling (Ni values)
Slide 20: Summary
Summary For personal use only Mithril Resources Limited Mithril is a frontier explorer with a highly experienced team that combines advanced technology with traditional exploration to deliver exploration success Basil is a new copper discovery on 100% held ground that has the potential to delive
Slide 21: 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
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