Slide 1: Investor Update - September 2014
For personal use only Investor Update - September 2014 David Hutton, Managing Director
Slide 2: Actively exploring: copper nickel, new drill targets
For personal use only Actively exploring Copper Nickel New drill targets FOCUS 2
Slide 3: Overview: capital structure, directors and shareholders
For personal use only Overview Directors Shares on issue 315.6 million Graham Ascough Non Executive Chairman Options (unlisted) 22.1 million David Hutton Managing Director Market Cap $3.7M Derek Carter Non Executive Director Cash (30/6/2014) $1.7M Richard Bonython Non Executive Director $0.5M (MGV N
Slide 4: Project pipeline from greenfields to drill-ready
For personal use only Stark EM conductors (x 3) DRILL Nanadie East IP anomaly Nanadie Well Copper Deposit Nanadie Well Copper Deposit ext. ADVANCED Lannister soil anomaly Copper Hills GREENFIELDS MMG East Arunta nickel JV 3rd party funded 4
Slide 5: Copper, nickel, gold landholding and projects
For personal use only Copper, nickel, gold 1,200km² landholding 3 Projects: Nanadie Well - (Intermin JV) MTH earning 75% by spending $4M over 6 years Copper Hills - (Doray JV) MTH earning 80% by spending $1M over 4 years Duffy Well - new 100% owned application with existing gold targets directly alo
Slide 6: Big deposits need big plumbing systems
For personal use only Big deposits need big “plumbing systems” Faults and shear zones act as “plumbing systems” Nanadie Well lies on the fault boundary between the Murchison and Southern Cross Terranes Youanmi Shear Zone 6
Slide 7: Seismic data shows Youanmi Shear Zone extends 25km depth
For personal use only Seismic data shows Youanmi Shear Zone extends + 25km depth Nanadie Well Copper Deposit (151Kt metal) and Stark copper – nickel prospect sit on this structure Nanadie Well Deposit Stark prospect Seismic Section 7
Slide 8: Demonstrated endowment
For personal use only Demonstrated endowment Nanadie Well Copper Deposit Stark copper - nickel prospect 50 km of prospective rocks Shallow cover Limited drilling Auger sampling at Stark – August 2014 8
Slide 9: Western and Eastern Trends
For personal use only Western Trend 3 km long zone of bedrock copper mineralisation High tenor Nanadie Well Deposit Eastern Trend New Stark copper - nickel prospect No effective drilling New bedrock EM conductors IP Chargeability image on TMI magnetic background image 9
Slide 10: Newly recognised Stark prospect
For personal use only Newly recognised by Mithril 800m strike length – still open Subcrop and thin soil cover Mafic rocks Magmatic copper nickel sulphides Up to 0.94% copper, 0.44% nickel and 1,240ppb PGE’s in latest auger sampling No effective drilling or prior geophysics 10
Slide 11: Three new bedrock EM conductors
For personal use only Three new bedrock EM conductors Northern Conductor Shallow depths (≤ 150 metres) Sub vertical dips No graphite or black shales observed in geological mapping Modelled conductances (800 – 1800S) consistent with a sulphide source Stark Prospect Central Conductor Southern Conducto
Slide 12: Stark mineralised zone: EM conductor plates
For personal use only NRC04014 – 0.2%Cu, 0.07%Ni, 159ppb PGE’s Soil covered 3 modelled conductor plates Total strike length - 250m No previous drilling, but anomalous copper – nickel – PGE’s in closest drill hole 250 metres Bedrock EM Conductor Plates Stark mineralised zone, Ch.18 EM image (Z-axis)
Slide 13: Stark IP chargeability anomaly
For personal use only NRC04014 – 0.2%Cu, 0.07%Ni, 159ppb PGE’s Coincident IP chargeability anomaly 250 metres Bedrock EM Conductor Plates Stark mineralised zone, IP chargeability image and drill holes Stark mineralised zone 13
Slide 14: Stark gossan and bedrock EM conductor
For personal use only Outcropping gossan (see photo) Strike length - 450 to 500m No effective drilling with two previous holes Bedrock EM Conductor Plate 250 metres missing target Stark gossan – 8.86% copper, 0.44% nickel, 216ppb Pt+Pd Stark mineralised zone, Ch. 18 EM image (Z-axis) and drill holes
Slide 15: Southern conductor with disseminated sulphides
For personal use only No outcrop Total strike length - 220m Disseminated sulphides in drill hole Open to south No previous drilling, but disseminated sulphides in closest drill hole 250 metres Bedrock EM Conductor Plate OPEN Ch. 18 EM image (Z-axis) and drill holes 15
Slide 16: Next steps: close off Southern Conductor, drilling
For personal use only Close off Southern Conductor (EM) Heritage Surveys and statutory approvals Drilling $150K WA Government co-funded drilling grant applies Damien Mizow – Senior Geologist 16
Slide 17: East Arunta: MMG funded nickel search
For personal use only 4,000km² landholding MMG sole funding Nickel search Potential Farmin companies reviewing Copper data 17
Slide 18: Planned activities and commencement
For personal use only Activity Location Commencement EM geophysics Harts Range, NT (MMG sole funding) Underway EM geophysics Stark Prospect / Eastern Trend Underway Nanadie Well / Stark North Lannister VMS target Copper Hills Prospect Heritage Surveys Stark EM conductors December 2014 Qtr. Drilling
Slide 19: Nanadie Well Copper Deposit resource
For personal use only Nanadie Well Copper Deposit (MTH earning 75%) 2004 JORC Code Tonnes Copper % Gold ppm Contained Copper (tonnes) Contained gold (ounces) Classification (Mt) Inferred 36.07 0.42 0.064 151,506 74,233 Refer to Intermin Resources’ ASX Announcement “Initial Resource Estimate for the
Slide 20: For personal use only
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 parties and though Mithril has
Slide 21: Contact details
For personal use only Website – www.mithrilresources.com.au Email – admin@mithrilresources.com.au Phone – 08 8378 8200 Follow us on MithrilResources@MTHResources 21