Slide 1: Investor Presentation - Share Purchase Plan Closing
Nickel Cobalt Copper Zinc For personal use only MTH.ASX Share Purchase Plan Closing next Monday 18th June 2018 Investor Presentation Mithril Resources Ltd | David Hutton | Managing Director | 13 June 2018
Slide 2: What Mithril offers
What Mithril offers For personal use only • High impact work program commencing late June 2018: ✓ Drilling for Kambalda-style nickel sulphides at Kurnalpi • And exciting blue sky growth opportunities: ✓ Kurnalpi nickel-cobalt targets ✓ Billy Hills zinc targets ✓ Scotia nickel targets ✓ Nanadie Well
Slide 3: Indicative Activity Timetable
Indicative* Activity Timetable For personal use only Jun Sept Dec Mar Jun Project Commodity Activity Qtr. Qtr. Qtr. Qtr. Qtr. Kurnalpi Nickel (cobalt) Drilling + EM geophysics Billy Hills Zinc Field check + Geophysics Scotia Nickel EM geophysics Nanadie Well Copper Nanadie Well Deposit review Genoa
Slide 4: Share Purchase Plan Details
Share Purchase Plan Details • Eligible shareholders can purchase up to $15,000 worth of new shares For personal use only • No brokerage fees • Issue Price - will be a 20% discount to the 5-day volume weighted average price (“VWAP”) up to and including the day before the issue of the shares. The fina
Slide 5: Share Purchase Plan Key Dates
Share Purchase Plan Key Dates For personal use only • Record Date - Thursday 17th May 2018 • Opening Date - Monday 28th May 2018 • Closing Date - Monday 18th June 2018 • New Shares issued - Tuesday 26th June 2018 These dates are indicative only and subject to change at the discretion of the Director
Slide 6: High impact work program - Kurnalpi Nickel Cobalt
High impact work program For personal use only • Kurnalpi Nickel Cobalt • Excellent access & infrastructure • New downhole EM conductor adjacent to nickel sulphides • 7 kms of nickel-prospective ultramafic rocks with little or no previous testing 6
Slide 7: Targeting Kambalda style massive sulphides
Targeting Kambalda style massive sulphides Drill off hole For personal use only ✓ Nickel sulphides confirmed EL28/2567 EM conductor ✓ Kambalda style ultramafic rocks EM geophysics ✓ New (untested) off hole EM conductor ✓ Strong nickel-cobalt drill intercepts along strike with no previous EM geophysi
Slide 8: Strong off hole EM conductor
Strong off hole EM conductor For personal use only • Adjacent to nickel sulphides and gossan • At 150 metres depth • South plunging flat-dipping conductor (85m wide x 500m long / CT of 3400S / visible at late times: Ch. 36 – 200msec) • Strength of conductor consistent with semi to massive sulphides
Slide 9: Similarities to Mincor's Cassini Prospect
Similarities to Mincor’s Cassini Prospect For personal use only • Geometry and position of the off hole EM conductor possibly on a similar “terrace” position (on the ultramafic margin) to that seen at Mincor’s Cassini Prospect Cassini cross section sourced from slide 11 Cassini ultramafic footwall c
Slide 10: Blue sky growth opportunities
Blue sky growth opportunities For personal use only • Billy Hills Zinc Project (Mithril 100%) • Scotia Nickel Project (Mithril 100%) • Genoa Bore Copper - Zinc Project (Mithril 100%) • Nanadie Well Copper Project (Mithril earning up to 75%) 10
Slide 11: Billy Hills Zinc Project
Billy Hills Zinc Project For personal use only • Lennard Shelf - West Kimberley, WA • Along strike from +10% (zinc + lead) drill Pillara - Pre mine intercepts at Pillara West discovery Resource of 18.5Mt @ 7.7% zinc, 2.4% lead • Applying new exploration ideas • New Western Flank and conceptual gravi
Slide 12: Billy Hills - Western Flank Target
Billy Hills - Western Flank Target For personal use only • 6 kilometre long target zone along strike from Pillara West Prospect, comprising; o Multiple historic drill intercepts and poorly tested gossans o Favourable structural settings o No drill follow-up of original intercepts • Historic drill in
Slide 13: Scotia Nickel Project
Scotia Nickel Project • For personal use only Along strike from Silver Swan, Scotia and Saints Nickel Deposits 4A • 10’s kilometres of nickel - prospective ultramafic rocks • Targets (1A – 4A) characterised by anomalous 3A 2BC nickel in wide spaced historic drill holes with no Saints – resource of p
Slide 14: Nanadie Well Copper Project
Nanadie Well Copper Project • For personal use only Murchison District, WA • Mithril earning up to 75% • Inferred Resource - 36Mt @ 0.42%Cu, 0.06g/t Au • A big copper - gold system at surface 2,000 metres • Remains open in all directions • Next Steps - reviewing the potential to increase / upgrade t
Slide 15: Genoa Bore Copper Zinc Project
Genoa Bore Copper Zinc Project • For personal use only Murchison District, WA • On same structure (Lyons River Fault Zone) that controls the Abra Lead Silver Deposit (36.6Mt @ 7.3% lead, 18g/t silver) • Evidence of big mineralised system; o rock chips up to 17.5% copper, 2.4% lead, 3.70% zinc, and 1
Slide 16: Genoa Bore Copper Zinc Project
Genoa Bore Copper Zinc Project For personal use only Genoa Bore (MTH 100%) Abra Project (G1A) Abra Deposit (G1A) Lyons River Fault Zone 75 kilometres 16
Slide 17: About Mithril
About Mithril For personal use only ASX listed mineral explorer | Nickel, cobalt, copper, zinc Highly experienced technical and corporate team Shares on Issue: 123M | Options (unlisted): 4.2M Market Cap (@ 1.5 cents): $1.85M | Cash (end March 18 Qtr.): $0.48M | EV: $1.37M Shareholders: 1,853 | Top 2
Slide 18: 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 Account
Slide 19: Notes Specific
Notes Specific Footnotes: • The Nanadie Well Copper Deposit lies on a tenement owned by Intermin Resources (IRC:ASX) whereby Mithril can earn a 60% interest For personal use only by completing expenditure of $2M by 14 October 2019 (approximately $1.4M spent to date). Mithril can earn an additional 1
Slide 20: Competent Persons and Disclaimer
Competent Persons and Disclaimer The information in this report that relates to Exploration Targets, Exploration Results, is based on information compiled by Mr David For personal use only Hutton, who is a Competent Person, and a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Hutt
Slide 21: 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 21