Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (October 2018)
28 slides from Mithril Silver And Gold's investor presentation, Oct 8, 2018
Slide 1: Investor Update
Mithril Resources Ltd For personal use only MTH:ASX INVESTOR UPDATE David Hutton | Managing Director 8 October 2018
Slide 2: About Mithril
About Mithril For personal use only • Boots on ground project generator and explorer • Quality project portfolio ✓ Kurnalpi (nickel, cobalt) ✓ Billy Hills (zinc) ✓ Bangemall (copper, lead, zinc) ✓ Limestone Well (vanadium) • 200M Shares on Issue • $2M market cap 2
Slide 3: Indicative Activity Schedule
Indicative Activity Schedule* For personal use only Project Activity Dec 18 Qtr Mar 19 Qtr Jun 19 Qtr Resampling / mapping (new copper-cobalt target) Kurnalpi (nickel, cobalt) EM geophysics and drill follow-up Complete Heritage Protection Agreement Billy Hills (zinc) IP geophysics and drill follow-u
Slide 4: Kurnalpi (nickel, cobalt)
Kurnalpi (nickel, cobalt) For personal use only • Mithril - 100% • 70kms NE of Kalgoorlie, WA • Excellent access & infrastructure • Two priority targets: o Northern nickel sulphides o New copper-cobalt occurrence Kalgoorlie 4
Slide 5: Northern nickel sulphides
Northern nickel sulphides 6627280N cross section For personal use only • Confirmed nickel sulphides with drilling EL28/2567 required to test potential extensions • 90% of nickel host rocks on project remain untested by EM geophysics No EM geophysics 5
Slide 6: New copper cobalt occurrence
New copper cobalt occurrence For personal use only • 1.46% copper and 1.12% cobalt in a grab EL28/2567 sample of historic drill spoils • Occurs within sheared carbonaceous metasediments separate to the nickel host rocks. • A new style of mineralisation for Kurnalpi? 6
Slide 7: Kurnalpi Next Steps
Kurnalpi Next Steps For personal use only • Further resampling and mapping of new copper cobalt target • EM geophysics over remainder of nickel host rocks • Drill test extensions to nickel sulphide target and any new EM anomaly 7
Slide 8: Billy Hills (zinc)
Billy Hills (zinc) For personal use only • Mithril - 100% • 20kms SE of Fitzroy Crossing, WA • Adjacent to the former Pillara Zinc Mine (production of 10.3 Mt @ 6.9% Zn, 2.3% Pb from June 1997 to October 2003) • Bringing new ideas to a proven zinc district • Targeting large scale deposits within fau
Slide 9: Outcropping zinc mineralisation
Outcropping zinc mineralisation For personal use only 9
Slide 10: Initial targets prioritised for follow-up
4 initial targets prioritised for follow-up For personal use only Area Target Rock chips Drill intercepts IP anomaly (km²) All drilling at very southern end of target 3m @ 4.41% zinc + lead from 77 metres Yes – strong A 1.8 Up to 14.24% zinc + lead 5m @ 1.4% zinc + lead from 274 metres Not drilled 1
Slide 11: Target locations and surface mineralisation
Target locations and surface mineralisation For personal use only limestone granite Outcrop geology Rock chip results 11
Slide 12: Historic drilling and IP anomalies
Historic drilling and IP anomalies For personal use only Zinc + lead in drilling IP anomalies 12
Slide 13: Billy Hills Next Steps
Billy Hills Next Steps For personal use only • Execute Heritage Agreement with Traditional Owners (underway) • Data compilation and target generation (ongoing) • Induced Polarisation (IP) geophysics to define specific drill targets and drill follow-up 13
Slide 14: Bangemall (copper, lead, zinc)
Bangemall (copper, lead, zinc) For personal use only • Mithril - 100% • 250kms NW of Meekatharra, WA • Targeting large scale deposits • Multiple targets containing airborne EM (GEOTEM) + surface geochemical anomalies, and / or copper and zinc in historic drill holes 14
Slide 15: Similarities to other base metal districts
Similarities to other base metal districts For personal use only • Proterozoic sedimentary rocks • Same geological age (1610 – 1673Ma) as the Mt Isa District • Similar geological setting to the Abra Deposit (36.6Mt @ 7.3% lead, 18g/t silver) Age in million years Bangemall Project age Sedimentary Exh
Slide 16: Along strike from the Abra Deposit
Along strike from the Abra Deposit For personal use only Belang Bore Target The white dashed line shows the Lyons River Fault – a key structural control on mineralisation within the area. 16
Slide 17: Abra progressing to production
Abra progressing to production For personal use only 17
Slide 18: Priority Belang Bore target
Priority Belang Bore target For personal use only • A large (25km²) cluster of barium, manganese, cobalt and lead stream sediment anomalies which overlay several late-time airborne EM (GEOTEM) anomalies. • The geochemical association is consistent with that typically seen above large scale sedimenta
Slide 19: Belang Bore GeoTEM + geochem anomalies
Belang Bore GeoTEM + geochem anomalies GEOTEM Manganese For personal use only Cobalt Barium New targets are shown as red polygons 19
Slide 20: Western tenement strengthens project
Western tenement strengthens project For personal use only Rock chips to 12.2% Cu, 2.4% Pb, 32g/t Ag ISBD3 – 21m @ 0.35% Zn from 315 metres ISBD1 – 48m @ 0.27% Zn from 54 metres ISBD2 – 5m @ 0.59% Zn from 130 metres RC99MC06 – 10m @ 0.68% Zn from 34 metres Rock chips to 17.5%Cu, 0.18% Zn, 120g/t Ag
Slide 21: Bangemall Next Steps
Bangemall Next Steps For personal use only • Data compilation and target generation (ongoing) • Tenement grant (early 2019) 21
Slide 22: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Mithril - 100% • Monax Mining (MOX:ASX) earning up to 80% by spending $2.5M over 5 years • 90kms SE of Meekatharra, WA • Along strike from Barrambie Titanium Vanadium Deposit (280.1Mt @ 9.18%TiO₂ & 0.44%V₂O₅) • Having a JV partner allows Mithril to r
Slide 23: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Mithril also has exposure to vanadium through its Nanadie Well tenements • Monax to undertake reconnaissance aircore drilling as soon as possible. 23
Slide 24: About Mithril
About Mithril For personal use only ASX listed mineral explorer | Nickel, cobalt, copper, zinc, vanadium Highly experienced technical and corporate team Shares on Issue: 200M | Options (unlisted): 4.2M Market Cap (@ 1 cent): $2.00M | Cash (end Sept 18 Qtr.): ~$0.50M* | EV: $1.37M Shareholders: 1,855
Slide 25: Experienced technical and corporate team
Experienced technical and corporate team Graham Ascough (Chairman) – Geophysicist with 27 years industry experience and formerly For personal use only Falconbridge Exploration Manager Australasia (Nickel and PGE’s). Donald Stephens (Non Executive Director / Company Secretary) – Chartered Accountant
Slide 26: JORC Information & Competent Person Statement
JORC Information & Competent Person Statement JORC Information: Further details (including JORC 2012 Code Reporting Tables, where applicable) for the information included in this Presentation can be For personal use only found in the following Mithril Resources’ announcements previously lodged with
Slide 27: Disclaimer
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 For personal use only though M
Slide 28: Contact Details
Contact Details For personal use only ❑ Website : www.mithrilresources.com.au ❑ Address : 22B Beulah Road, Norwood SA 5067 ❑ Email : dhutton@mithrilresources.com.au ❑ Phone : 08 8132 8800 @MTHResources 28
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