24 slides from Mithril Silver And Gold's shareholder meeting presentation, Nov 18, 2008
Slide 1: 2008 Annual General Meeting
For personal use only 2008 Annual General Meeting ASX: MTH www.mithrilresources.com.au Please note the important disclaimer and competent persons statements att the end of this presentation November 18th, 2008
Slide 2: Highlights
Highlights For personal use only q Nickel-copper discoveries at Huckitta q Access to the Musgrave tenements § Mt Alvey platinum-palladium prospect § Deering Hills iron-vanadium prospect § Nickel sulphide drill targets q Acquisition of the Pardoo Project § Highway - 44.7Mt at 0.3%Ni, 0.1%Cu q Substan
Slide 3: Economic Conditions and Challenging Times
For personal use only Economic Conditions: q Deteriorating market conditions over the past 12 months q Uncertainty in the short term demand for commodities q Lack of investor confidence across all sectors with strong negative sentiment towards resource stocks Challenging Times: q Reduce costs, maint
Slide 4: Commodity Outlook: Nickel
Commodity Outlook: Nickel For personal use only q Industry average production costs are ~$5/lb nickel q Recent forecasts for 2009 range from $4/lb to $7.50/lb q 30%-40% of nickel producers may be losing money q Supply constraints going forward q Underlying long term demand will be driven by emerging
Slide 5: 2009 Outlook
2009 Outlook q Exploration & development strategy remains For personal use only sound q Access to capital is a challenge q Focus on core projects § Huckitta § Musgraves § Pardoo q Attract joint venture partners to ensure these projects are appropriately funded q Seek to divest non-core assets throug
Slide 6: Mithril Resources Ltd - Projects
Mithril Resources Ltd - Projects For personal use only Darwin Pardoo Junction JV Andrew Young Huckitta Alice Springs Casey SA Musgrave Brisbane Silver Swan Dominion JV North Barton Perth Cooper Hill Talia Hill JV Kalgoorlie Ceduna JV Kali JV Sydney Adelaide Canberra Melbourne
Slide 7: Huckitta Project – JV Summary
Huckitta Project – JV Summary For personal use only BHP Billiton JV BHP Billiton JV Blackadder Baldrick Edmund
Slide 8: Blackadder Ni-Cu Prospect, NT
Blackadder Ni-Cu Prospect, NT Ni, Cu (+PGE & Co) mineralisation mapped over 180m For personal use only 3.8%Ni, 9.6%Cu OLIVINE NORITE OPEN 0.5%Ni, 0.2%Cu 1.2%Ni, 0.5%Cu 0.6%Ni, 1.8%Cu 1.4%Ni, 4.7%Cu OPEN 1.2%Ni, 0.7%Cu METASEDIMENTS 0.3%Ni, 0.3%Cu 100m
Slide 9: Blackadder – Baldrick Prospects
Blackadder – Baldrick Prospects For personal use only BALDRICK 0.8%Ni, 23.2% Cu 0.4%Ni, 0.2% Cu 0.7%Ni, 1.9% Cu TREASURE JV (Mithril and Uranium Oil and Gas/Aluminex) HARTS RANGE JV (Mithril and Oklo Uranium Ltd) BLACKADDER 3.8%Ni, 9.6%Cu 1.4%Ni, 4.7%Cu 1.2%Ni, 0.7%Cu 0.3%Ni, 0.3%Cu 1.2%Ni, 0.5%Cu 0
Slide 10: Edmund Prospect
For personal use only Edmund Prospect
Slide 11: For personal use only
For personal use only q Favourable geological setting q High grades in surface sampling q Favourable host rock Ni Cu Co Pt Pd Au Ag q New prospects: no drilling or % % % ppm ppm ppm ppm systematic exploration completed to 3.84 9.60 0.05 1.05 0.07 0.60 18.2 date po q Identification of numerous gabbro
Slide 12: Blackadder goes forth….
Blackadder goes forth…. (Baldrick looking SW towards Blackadder) For personal use only q Geological mapping will continue q Heritage clearance surveys are complete (results pending) q Geophysical surveys planned for Blackadder and Baldrick q Airborne geophysical surveys are required to screen areas
Slide 13: Hammer Hill / Indiana
Hammer Hill / Indiana q Sulphide mineralisation intersected at two For personal use only prospects located 34 km apart q RAB traverses planned across ultramafic targets at Hammer Hill ( ) Hammer Hill JV BHPB and Mithril earning 70% q Awarded $100,000 as part of the NT Government’s Bringing Forward D
Slide 14: Musgrave Province – South Australia
Musgrave Province – South Australia For personal use only Wingellina 86Mt @ 1.23%Ni, 0.09%Co (Laterite – Metals X) WA NT SA Nebo/Babel 396Mt @ 0.3%Ni, 0.3%Cu (BHP Billiton) 0 200 km
Slide 15: 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 Incl. 4m@0.91g/t Pt+Pd DEERING HILLS VANADIUM-MAGNETITE q Priority ground EM targets identified q Giles Complex more extensive than previously mapped
Slide 16: Deering Hills Vanadium-Magnetite Prospect
Deering Hills Vanadium-Magnetite Prospect For personal use only 0.77%V205, 54.3%Fe 0.72%V205, 53.9%Fe 0.79%V205, 53.6%Fe 0.56%V205, 55.5%Fe 0.83%V205, 55.1%Fe 0.71%V205, 53.5%Fe 0.73%V205, 53.7%Fe 0.48%V205, 55.3%Fe 1 km Australian Vanadium-Magnetite Deposits q Balla Balla (Aurox Resources Ltd) 103M
Slide 17: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd For personal use only Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Highway - Inferred Resource of 44.7Mt at 0.3%Ni, 0.1%Cu (JORC-compliant) 0 5 km
Slide 18: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd q Scope to increase tonnage and For personal use only grade at Highway q Significant exploration potential Supply Well 1m @ 1.9%Ni q Processing options under review 1m @ 17%Zn Highway - Inferred Resource 44.7Mt at 0.3%Ni, 0.1%C
Slide 19: Pardoo – Highway Drill Plan
Pardoo – Highway Drill Plan For personal use only DD08HW001 DD08HW002
Slide 20: Highway Deposit Section 38100E
For personal use only 1.8% Ni/ 1m Highway Deposit Section 38100E
Slide 21: Highway Deposit Section 37900E
For personal use only Highway Deposit Section 37900E
Slide 22: Silver Swan North Joint Venture
Silver Swan North Joint Venture (Mithril – Nickel West – FerrAus) For personal use only Black Swan / Silver Swan Mines (Noril’sk Nickel)
Slide 23: Mithril Resources Ltd - Summary
Mithril Resources Ltd - Summary For personal use only Capital Structure q Shares on Issue 47.39M q Unlisted Options 3.3M q Market Capitalisation (@$.12) $5.7M q Investments (10.6% of ASX:BVE) $0.6M Substantial and Large Shareholders q Minotaur Resources Investments Pty Ltd 18.8% (8.9M) q Consolidate
Slide 24: Disclaimer
For personal use only Disclaimer 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 M