Slide 1: Highlights
For personal use only HIGHLIGHTS q Explorer targeting Copper, Nickel and Gold in Australia q Extensive drill program underway at Huckitta, NT (~20,000m planned) q Strong pipeline of targets to be drill tested in 2011 q Strong Cash Position (~$9.4M) q Experienced Technical and Management Team ASX:MTH
Slide 2: Mithril Resources Ltd – Summary
Mithril Resources Ltd – Summary M ithril is a base m etal ex plorer w ith a highly ex perienced team that For personal use only com bines advanced technology w ith traditional ex ploration to deliver success in frontier (greenfield) areas. Capital Structure q Shares on Issue (ASX:MTH) 219.6M q Unlis
Slide 3: Huckitta Project: Main Prospects and Mineral Occurrences
Huckitta Project Main Prospects and Mineral Occurrences For personal use only Plenty Highway Yoda 15.4g/tAu, 0.4%Cu Tibbs Baldrick 13.9g/t Au, 0.7%W 2.3%Ni, 2.4%Cu Blackadder 3 .8%Ni, 9.6%Cu Basil Copper Trend (>10km) Up to 6.3% Cu at surface ALICE SPRINGS IOCG TARGET Mithril 100% Iron-oxide/fluorit
Slide 4: Emerging Mineral Province with Strong Fundamentals
Emerging Mineral Province with Strong Fundamentals q First Significant Discovery in late 2009 For personal use only § Basil Copper-Cobalt Prospect (10km of mineralisation at surface) q Demonstrated potential for significant Copper, Nickel & Gold Deposits § 16 new mineral occurrences identified at su
Slide 5: Huckitta: Basil Copper Prospect (South)
Huckitta: Basil Copper Prospect (South) LB069DD For personal use only LB070DD Cu/Co Peaks Mineralised Zone Mineralised Zone LB080DD LB079DD LB077DD Basil LB078DD LB067DD 11.5m@1.01%Cu Mineralised Trend LB052DD LB063DD LB072DD All Drillholes LB061DD LB055DD LB051DD LB060DD LB062DD LB059DD Rotten Hill
Slide 6: Rotten Hill Cu Long Section – Plane of Mineralisation
Rotten Hill Cu Long Section – Plane of Mineralisation (true width intercepts) For personal use only 30600E 30700E 30800E 30900E 31000E 31100E LB004RC Sand cover LB017RC 18m@0.41%Cu, 0.06%Co 40m@0.29%Cu, 0.04%Co Contours = Cu%m 100m LB001RC LB005RC LB012RC 14m@0.35%Cu, 0.06%Co 28m@0.40%Cu, 0.05%Co LB
Slide 7: Peaks Cu Long Section – Plane of Mineralisation
Peaks Cu Long Section – Plane of Mineralisation (true width intercepts) For personal use only 29100E 29200E 29300E 29400E 29500E 29600E 29700E 100m LB060DD LB051DD 16m@0.29%Cu, 0.02%Co 12m@0.55%Cu, 0.02%Co 100m -75mRL Drilling Planned – access challenging due to topography LB061DD 13m@0.45%Cu, 0.02%
Slide 8: Huckitta: Copper, Gold & Nickel Prospects
Huckitta: Copper, Gold & Nickel Prospects Surface Rockchip/Lag Tibbs For personal use only Au over 3km strike to >1.0% Cu 13.9g/t Treasure JV (MTH earning 80%) 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu Gatsby <0.03%Cu Cu and Co anomalism 5 km with VTEM anomaly Blackadder Sybil Poll
Slide 9: Tibbs Gold Prospect
Tibbs Gold Prospect q New Gold (+/- tungsten & copper) For personal use only Prospect identified November 2010 q Surface grab samples up to 13.9g/t gold (‘Au’), 0.7 % tungsten (‘W’) & 2.1% copper (‘Cu’) q Mineralisation appears to be controlled by sub-vertical structures q Limited aircore drilling t
Slide 10: Yoda Gold, Copper Prospect
Yoda Gold, Copper Prospect For personal use only EL25451 (Oklo JV – MTH 60%) 15.4g/tAu, 0.4%Cu Mineralised horizon 21.5g/tAu, .09%Cu 4.8g/tAu 0.3g/tAu, 0.1%Cu 0.14g/tAu, 2.5%Cu EL25451 (Oklo JV – MTH 60%) 1km EL28336 (MTH - 100%)
Slide 11: IOCG Target Area
IOCG Target Area Residual Gravity q Intensely altered and For personal use only brecciated granite with hematite-silica +/- fluorite veining and stockworks q Early results are encouraging and further mapping and verification of anomalies required q Surface geochem coverage at 400mx400m identifies co
Slide 12: Rock samples from 'IOCG' target area
Rock samples from ‘IOCG’ target area Fluorite Hematite Fluorite For personal use only veins Hematite veins in altered granite Altered granite Hematite-silica veins
Slide 13: Huckitta Ni-Cu-PGE - Gertrude Prospect
Huckitta Ni-Cu-PGE - Gertrude Prospect q Eight Ni-Cu-PGE prospects For personal use only High Priority VTEM Anomaly identified to date with magmatic (2011 VTEM Program) sulphides q Multiple discrete nickel sulphide targets identified under thin cover over the project area that are currently being dr
Slide 14: Blackadder-Baldrick Nickel Prospects
Blackadder-Baldrick Nickel Prospects Satellite Image For personal use only BALDRICK BARC007 9m @ 0.48%Ni and 0.37%Cu BARC006 8m @ 0.26%Ni and 0.13%Cu 2.3%Ni, 2.4%Cu EL 25346 1.0%Ni, 1.5%Cu EL 25453 q Initial drilling validates nickel potential q Multiple nickel targets to be tested 3.8%Ni, 9.6%Cu 1.
Slide 15: Yambah Project, NT
Yambah Project, NT For personal use only 6m@6.5%Zn from 131m q Wholly owned tenements well located along Stuart Hwy and Ghan Railway 1.6%Cu in rockchips q Prospective for base metal mineralisation (VMS) q Multiple mineral occurrences, up to 6m@6.5%Zn in shallow drilling q Fieldwork planned for Base
Slide 16: East Pilbara Tenement Locations
East Pilbara Tenement Locations Six wholly owned tenements totalling For personal use only 701km2 Prospective for nickel, copper, iron ore & gold Port Hedland P ardoo (Atlas) High Priority VTEM conductors associated with nickel and copper Goldsw orthy mineral occurrences - consistent with (BHP ) Sha
Slide 17: East Pilbara - Cattle Well Targets
East Pilbara - Cattle Well Targets June 2011 VTEM Results I dentify High P riority For personal use only Targets over nickel and copper m ineral occurrences Mapped Ultramafic TALGA EAST New gossan identified 2km E45/3457 long and coincident with discrete VTEM anomaly E45/3680 GORGE PROSPECT Coincide
Slide 18: Sandstone Project
GREENSTONE BELT MITHRIL TENEMENT Sandstone Western Areas Nickel Sulphide discovery Sandstone Sealed highway MITHRIL APPLICATION Project 20KM WESTERN AREA’S § Feb 2011; nickel-copper For personal use only EXPLORATION GROUND gossan over 30m of strike returning up to 0.48%Ni, 0.22%Cu at base of ultrama
Slide 19: The Project Pipeline
The Project Pipeline Planned activity on the main prospects For personal use only Project/Prospect Target The next 6 months Huckitta – Basil (Cu-Co) 10 km long copper trend, broad Drilling underway targeting higher intersections of copper grades Huckitta – Tibbs (Au) Gold in surface samples up to 13
Slide 20: Mithril Resources Limited - Summary
Mithril Resources Limited - Summary STRONG PROJECT PORTFOLIO For personal use only Ø q Huckitta, NT – Drilling Underw ay An emerging new mineral province where Mithril has made a new copper-cobalt discovery and developed a number of drill-ready copper, gold and nickel targets q East Pilbara & Sandst
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
Slide 22: Mithril Resources Ltd
MITHRIL RESOURCES LID