Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Shareholder Meeting (October 2009)
26 slides from Mithril Silver And Gold's shareholder meeting presentation, Oct 22, 2009
Slide 1: Annual General Meeting
For personal use only October 22nd, 2009 ASX: MTH Annual General Meeting www.mithrilresources.com.au Please note the important disclaimer and competent persons statement at the end of this presentation
Slide 2: Mithril Resources Ltd – Summary Highlights
Mithril Resources Ltd – Summary HIGHLIGHTS For personal use only q Quality Projects q Drilling is in progress to test nickel and Darwin copper prospects at Huckitta in the Northern Territory; q Advanced exploration at Pardoo, host to the Highway Resource - 44.7Mt at 0.3%Ni, Antrim 0.1%Cu (+Co); and
Slide 3: Capital Structure
Mithril Resources Ltd - Summary Capital Structure For personal use only q Shares on Issue 119.1M q Unlisted Options 12.2M q Listed Options 25.0M q Cash (Sept 30, 2009) $7.5M Substantial Shareholders) q Minotaur Exploration Limited 16.6% q Consolidated Nickel Pty Ltd 6.9% q Acorn Capital Limited 5.3%
Slide 4: Huckitta Project and Prospects
Huckitta Project and Prospects For personal use only Plenty Highway Baldrick Blackadder 3.8%Ni, 9.6%Cu 2.3%Ni, 2.4%Cu Manuel Cu-bearing Gossans Edmund 2.6%Cu, 65g/t Ag Elevated Ni & PGE’s Basil Cu-bearing Gossans over 7.5 km Miggins 0.26%Ni, 0.5g/t Pt+Pd Kevin Darling 0.14%Ni, 0.18%Cu Percy Elevated
Slide 5: Huckitta Project Month Summary
Huckitta Project 12 Month Summary q The Blackadder Prospect was identified in September 2008 – For personal use only the first occurrence of nickel sulphides in the region q Subsequent mapping identified Ni-Cu-PGE mineralisation at a number of locations suggesting a large, fertile magmatic event and
Slide 6: Blackadder-Baldrick Prospect Areas
Blackadder-Baldrick Prospect Areas Satellite Image For personal use only 2.3%Ni, 2.4%Cu BALDRICK 1.0%Ni, 1.5%Cu EL 25346 EL 25453 3.8%Ni, 9.6%Cu 1.7g/tPGEs, 25g/tAg Blebby Sulphides BLACKADDER Thin section 1.2%Ni, 0.7%Cu 0.3%Ni, 0.3%Cu po 0.6%Ni, 1.8%Cu pn cpy Drillhole Location 0.6%Ni,Gabbro 1.8%Cu
Slide 7: Huckitta Project Regional Targets on Satellite Image
Huckitta Project Regional Targets on Satellite Image Baldrick For personal use only 2.3%Ni, 2.4%Cu Blackadder 3.8%Ni, 9.6%Cu Manuel Cu-bearing gossans & strong EM anomaly Basil Cu-bearing gossans & strong EM anomalies Edmund Kevin Darling 2.6%Cu, 65g/t Ag 0.14%Ni, 0.18%Cu Elevated Ni & PGE’s Irindin
Slide 8: Basil Copper Prospect
Basil Copper Prospect VTEM on Satellite Image with Geology Mineralisation extends to the North Amphibolite For personal use only Total strike > 7.5km Mineralised/altered amphibolite Quartz veining w ironstone/Cu Quartz – ironstone lag 0.31% Cu Rotten Hill 400m 0.25% Cu, 2.2 gpt Ag Northern Limit of
Slide 9: Rotten Hill (looking southwest)
Rotten Hill (looking southwest) 0.28%Cu, 1.3 gpt Ag For personal use only q Photos show the intensely altered/leached portions of Rotten Hill where copper values range from 0.1%Cu to 2.4%Cu q Rotten Hill is 400m long and up to 40m wide and is part of the Basil Trend
Slide 10: Basil Copper Prospect Ground EM line across Rotten Hill
Basil Copper Prospect Ground EM line across Rotten Hill For personal use only LINE 531550E Ground EM Profiles – Slingram Mode q Ground EM results have B-field Z Late Time Channels outlined a number of strong conductors at Basil. q This is an example from Rotten Hill where the conductor is directly a
Slide 11: Basil Prospect – looking ESE
Basil Prospect – looking ESE For personal use only Copper mineralisation over a Copper mineralisation over a strike strike length of 370m length of 250m up to 3%Cu Copper mineralisation in Up to 8.4% Cu ironstone and quartz Rotten Hill alteration ~40m wide Rockchips up to 2.4%Cu
Slide 12: Basil Prospect – Satellite Image
Basil Prospect – Satellite Image Regional Mapping/Sampling For personal use only Polly Trend Northern Limit of VTEM Survey Rotten Hill 500m
Slide 13: Manuel Copper Prospect
Manuel Copper Prospect Ground EM Profiles – Slingram Mode (VTEM on Satellite Image) Secondary Copper in Gossan/ironstone For personal use only HRRC229 7.2%Cu, 11gpt Ag, 0.21gpt Au 8.6% Cu, 2 gpt Ag 2.4% Cu Secondary Copper in Amphibolite Major Crustal Boundary (Approximate) 300m HRRC230 5.1%Cu, 1.3g
Slide 14: Edmund and Kevin Darling Prospects
Edmund and Kevin Darling Prospects (VTEM on Satellite Image) For personal use only Gabbro with disseminated magmatic sulphides (incl pentlandite) Kevin Darling 0.14%Ni, 0.18%Cu Edmund 2.6%Cu, 65g/t Ag Elevated Ni & PGE’s 500m
Slide 15: Huckitta Project Regional Targets on Satellite Image
Huckitta Project Regional Targets on Satellite Image Baldrick For personal use only 2.3%Ni, 2.4%Cu Blackadder 3.8%Ni, 9.6%Cu Manuel Cu-bearing gossans & strong EM anomaly Basil Cu-bearing gossans & strong EM anomalies Edmund Kevin Darling 2.6%Cu, 65g/t Ag 0.14%Ni, 0.18%Cu Elevated Ni & PGE’s Irindin
Slide 16: Work Program 2009/2010
Work Program 2009/2010 For personal use only ACTIVITY Sep Oct Nov Dec Jan Feb Mar Apr MayJun Jul Aug Geology/Mapping Ground Geophysics Airborne Geophysics Planning/Logistics Drilling q Initial phase of drilling at Blackadder/Baldrick has intersected mineralised gabbroic rocks (9m @ 0.48%Ni, 0.3% Cu)
Slide 17: Pardoo Project – WA
Pardoo Project – WA Mithril earning up to 65% from Segue Resources q Scope to increase tonnage and For personal use only grade at Highway q Significant exploration potential q Processing options under review Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Port Hedland Highway - Inferred Resource of 44.7Mt at 0.3
Slide 18: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd Objectives For personal use only q Discover new mineralisation outside the existing resource area Supply Well q Identify higher grade zones (>1% nickel) within and around the Highway Deposit q Evaluate processing options for Hi
Slide 19: Highway Deposit
For personal use only HIGHWAY DEPOSIT DHEM - conductivity increases downdip and SECTION 38100E southwest of DH08HW001 DHEM – off-hole target downdip and southwest of DH08HW001
Slide 20: East Pilbara Projects on Magnetics
East Pilbara Projects on Magnetics q Mithril has increased its For personal use only footprint in the East Pilbara PARDOO through four new ELA’s q Focus on nickel potential of prospective ultramafics (‘UM’) q Cattle Well was contested by CAMEL WELL 4 other exploration companies primarily focused on
Slide 21: 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 22: 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 23: Directors
Directors John Roberts (Chairman, Non-Executive Director) § A geologist with over 51 years experience in the mining industry For personal use only § Responsible for Homestake Gold of Australia from 1977 to 1993 (Managing Director from 1987) § Holds a number of board positions in junior exploration c
Slide 24: Strong Exploration Team
Strong Exploration Team Jim McKinnon-Matthews Ben Rich Dean Lovett For personal use only Chief Geologist Project Geologist Senior Geologist
Slide 25: Summary
Summary Mithril is well positioned to achieve its mission of discovery and For personal use only development of economic mineral deposits § Excellent Projects - Pipeline of targets Ø Drilling underway at Huckitta § Dedicated and very capable exploration team § Strong financial position
Slide 26: Important Notices – Disclaimer
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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