Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (December 2022)
18 slides from Mithril Silver And Gold's investor presentation, Dec 2, 2022
Slide 1: Copalquin Mining District, Mexico December 2022
For personal use only ASX:MTH Copalquin Mining District, Mexico December 2022 1
Slide 2: Disclaimer
The release, publication or distribution of this presentation in certain The information in this presentation that relates to Mineral Resources or Ore Reserves is based on information jurisdictions may be restricted by law and therefore persons in such provided in the following ASX announcement: 17
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT ASX Ticker MTH Top 20 Shareholders Share Price (29th November, 2022) A$0.0045 Board & Management 26.0% For personal use only Shares on issue 2,940m Institutional 5.2% Options & Perf. Rights 175m & 33.3m Other 17.8% Market cap (undiluted) A$13.2m Debt - TOTAL TOP 20 49.0% MTH vs Al
Slide 4: Experienced Explorers and Developers
For personal use only EXPERIENCED EXPLORERS AND DEVELOPERS John Skeet Garry Thomas Stephen Layton Hall Stewart Claire Newstead-Sinclair Managing Director & CEO Non-Executive Director Non-Executive Director Chief Geologist Company Secretary Over 30 years’ experience in gold-silver Civil engineer with
Slide 5: Mexico & Project Overview
For personal use only MEXICO & PROJECT OVERVIEW • Over 300 exploration & mining companies active in Mexico • Two dozen >$1BN Mkt Cap Companies • Global majors producing and expanding in Mexico - Newmont, Peñoles, Agnico Eagle, Grupo Mexico • Durango State – Fresnillo PLC, First Majestic Silver, Pan
Slide 6: Sierra Madre Gold-Silver Trend
SIERRA MADRE GOLD-SILVER TREND Dolores 2.4Moz Au 94Moz Ag MAJORS ACTIVE IN REGION La India Mulatos 4.5Moz Au For personal use only Pinos Altos 3.6Moz Au AGNICO EAGLE MINES LIMITED Ocampo 2.9Moz Au 126Moz Ag 100Moz Ag FIRST MAJESTIC SILVER CORP. FRESNILLO PLC Orisyvo 9.6Moz Au PAN AMERICAN SILVER COR
Slide 7: Copalquin – A District Scale Property
COPALQUIN – A DISTRICT SCALE PROPERTY • OVER 70 HISTORIC MINES AND WORKINGS ACROSS THE DISTRICT WITH 3,000M OF TUNNELS For personal use only • OVER 15KM OF VEIN MAPPED AND PROJECTED TO DATE • FOUR HYDROTHERMAL CELLS IDENTIFIED WITHIN CONCESSION AREA • EL REFUGIO – LARGE HYDROTHERMAL CELL WITH HIGH-G
Slide 8: Copalquin Highlights
COPALQUIN HIGHLIGHTS • HIGH-GRADE MAIDEN JORC RESOURCE IN ONLY 15 To MONTHS OF DRILLING+ Au Ag g/t From Interva Length AuEq* For personal use only Hole ID interval interval AuEq* x Interval l Interval (g/t) (g/t) (g/t) m (m) (m) (m) • HIGHEST GRADE MAIDEN RESOURCE RELEASED FOR LA SOLEDAD MEXICO IN 2
Slide 9: Progress in Copalquin Mining District
For personal use only PROGRESS IN COPALQUIN MINING DISTRICT 9
Slide 10: Resource Growth – District Middle Mineralised Trend
RESOURCE GROWTH DISTRICT MIDDLE MINERALISED TREND For personal use only • EXPANSION OF THE EL REFUGIO RESOURCE ALONG WEST AND EAST • SIGNIFICANT DEPTH POTENTIAL CONFIRMED BY RECENT DRILLING AND PETROGRAPHY • DEVELOPMENT OF THE DRILL TARGETS EAST ALONG THE MIDDLE TREND OF MINERALISATION 700m quartz b
Slide 11: Resource Growth – Copalquin District South Mineralised Trend
RESOURCE GROWTH COPALQUIN DISTRICT - SOUTH MINERALISED TREND For personal use only • CONTINUE TARGET DEVELOPMENT AROUND THE HISTORIC MULTI-LEVEL MINE OF SAN MANUEL • CONTINUE TARGET DEVELOPMENT AT LAS BRUJAS-EL PERU – HIGH-GRADES IN WORKINGS • MAPPING AND SAMPLING (SOILS & ROCK CHIP) – BEST TARGET I
Slide 12: Maiden Mineral Resource Estimate – High Grade
MAIDEN MINERAL RESOURCE ESTIMATE – HIGH GRADE 2,416,000 TONNES CONTAINING UPSIDE FOR THIS TYPE OF RESOURCE For personal use only 373,000 OZ GOLD @ 4.80 G/T • HIGH-GRADE UNDERGROUND MINING 10,953,000 OZ SILVER @ 141 G/T • LOW PLANT CAPEX FOR HIGH METAL PRODUCTION TOTAL 529,000 OZ AUEQ* @ 6.81 G/T AUE
Slide 13: 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 – For personal use only (4.80 g/t Au + 141 g/t Ag) conventional mining methods - 1,200m RL Early access to very high- grade via 300m horizontal adit - 800m RL CDH-077 Potential High-Grade Veins e.g.
Slide 14: Metallurgy – High Recoveries, Standard Flowsheet
METALLURGY – HIGH RECOVERIES, STANDARD FLOWSHEET GOLD – 96% FLOTATION/LEACH RECOVERY SILVER – 91% FLOTATION/LEACH RECOVERY CRUSH/GRIND For personal use only HIGH FLOTATON RECOVERIES HIGH CYANIDATION RECOVERIES FLOTATION 75 µm Au Flotation Kinetics Au / Ag Leaching of Flotation Concentrate 100 100.0
Slide 15: Regional Analogues – Depth Potential
REGIONAL ANALOGUES – DEPTH POTENTIAL Pinos Altos Mine – Composite Longitudinal Section For personal use only 1,000m 300m First Majestic Silver - San Dimas – Tayoltita Mine Depth Upside ~700m 1,250m 15
Slide 16: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE • Exploration work using man-portable diamond core drill For personal use only • Drilling contractor with developed environmental management practices • Future mine development – Small Footprint underground mining, high-grade, low tonnage, waste rock storage unde
Slide 17: The Opportunity
THE OPPORTUNITY • COPALQUIN – AN ENTIRE SILVER DISTRICT WITH HIGH-GRADE For personal use only GOLD – A DISTRICT SCALE PROPERTY - OVER 10KM STRIKE LENGTH TO EXPLORE FOR MULTI-MILLION OUNCES • WELL UNDERSTOOD EPITHERMAL VEIN DEPOSIT TYPE IN A REGION WITH WORLD CLASS MINES AND MULTI-MILLION OUNCE DISTR
Slide 18: For personal use only
For personal use only John Skeet Mark Flynn Managing Director/CEO Investor Relations +61 435 766 809 +61 416 068 733 jskeet@mithrilresources.com.au mflynn@mithrilresources.com.au mithrilresources.com.au Authorised for release by John Skeet, MD & CEO Mithril Resources Limited 18
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