Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (February 2019)
26 slides from Mithril Silver And Gold's investor presentation, Feb 18, 2019
Slide 1: Think Zinc: Exploring the Billy Hills Project
Mithril Resources Ltd For personal use only MTH:ASX THINK ZINC Exploring the Billy Hills Project David Hutton | Managing Director | 18 February 2019
Slide 2: About Mithril Resources (MTH.ASX)
About Mithril Resources (MTH.ASX) For personal use only ASX listed mineral explorer with zinc, copper, and nickel focus Highly experienced technical and corporate team Shares on Issue: 422M Options (unlisted): 4.2M Market Cap (@ 0.5 cents): $2.11M Cash (end Dec 18 Qtr.): $1.25M Top 20 hold 47.6%: re
Slide 3: Mithril's Strategy
Mithril's Strategy For personal use only • Maintain commodity and project focus • Minimise non-exploration expenditure • Implement exploration partnerships for lower priority projects • Build a project pipeline • Apply quality exploration practices Exploring the 100% - owned Billy Hills Zinc Project
Slide 4: Billy Hills Zinc Project – MTH 100%
Billy Hills Zinc Project – MTH 100% For personal use only Mithril uniquely positioned to explore a proven zinc district in a time of rising prices 4
Slide 5: Rising Zinc Prices
For personal use only Rising Zinc Prices 5
Slide 6: Location
Location For personal use only • Fitzroy Crossing, WA Billy Hills Targets • Adjacent to the former Pillara Zinc Mine (production of 10.3 Mt @ 6.9% Zn, 2.3% Pb from June 1997 to October 2003) Horse Spring Range Targets • All tenements granted • All stakeholder agreements in place • Lies within the Le
Slide 7: Lennard Shelf Geology
Lennard Shelf Geology Wagon Pass For personal use only Ki Le m n n Bl b e rl ar oc ey Fit d k 0 zro Sh 18 Jur gur ra T y Tr el f Br oo Da ce oug m eP m pie r h l at Tc e fo r Cadjebut m Sa mp Admiral Bay h Wi ire Ma l la ra Su Billiluna Shelf rs hE b-b G Balgo Tce mb asi re W a n McLarty go all y Ba
Slide 8: What's the attraction of Billy Hills?
What's the attraction of Billy Hills? For personal use only • Large project size (400km²) with plenty of quality targets for assessment • Lennard Shelf is a proven zinc + lead mineralised district with historic production • Known for high - grade metal concentrates (i.e. high value) • Minimal explor
Slide 9: High-grade (high value) metal concentrates
High - grade (high value) metal concentrates For personal use only Sourced from Company Quarterly Reports and AusIMM Monograph 28 (Australasian Mining and Metallurgical Operating Practices – 3rd Edition, 2013) 9
Slide 10: Minimal exploration for last years
Minimal exploration for last 20 years For personal use only Exploration – Horse Spring Range Exploration – Billy Hills Pillara u/g mining Zinc Price (USD/t) 30 year zinc price chart – US$/t 10
Slide 11: Good relationships with local stakeholders
Good relationships with local stakeholders For personal use only Refer to Mithril’s ASX Announcement “Billy Hills Heritage Agreement executed” dated 14 December 2018 11
Slide 12: Multiple targets for follow-up
Multiple targets for follow-up For personal use only • Targeting large scale zinc + lead deposits along strike from known mineralisation • Targets identified characterised by; ✓ Rock chips up to 14.24% zinc + lead ✓ Untested IP geophysical anomalies ✓ Bedrock drill intercepts • Reprocessing of histo
Slide 13: Targets along strike from surface mineralisation
Targets along strike from surface mineralisation For personal use only Photo location (slide 12) limestone granite Outcrop geology Rock chip results 13
Slide 14: Targets with IP geophysical anomalies
Targets with IP geophysical anomalies For personal use only Zinc + lead in drilling IP anomalies 14
Slide 15: Plus the Horse Spring Range targets
Plus the Horse Spring Range targets For personal use only • Pillara lookalike structure in favourable rock types Target area • Historic exploration very focussed with majority of structure untested • Previous drill intercepts include: ✓ 4m @ 8.07% zinc + lead from 78 metres ✓ 10m @ 3.0% zinc + lead
Slide 16: Other Projects
Other Projects For personal use only • Bangemall (copper, lead, zinc) • Duffy Well (gold) • Limestone Well (vanadium) JV • Kurnalpi (nickel) To ensure Billy Hills focus, Mithril seeking exploration partners 16
Slide 17: Bangemall (copper, lead, zinc) – MTH 100%
Bangemall (copper, lead, zinc) – MTH 100% For personal use only 17
Slide 18: Similarities to Mt Isa and Abra Deposits
Similarities to Mt Isa and Abra Deposits 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 • Multiple target
Slide 19: Duffy Well (gold) – MTH 100%
Duffy Well (gold) – MTH 100% For personal use only • 30kms E of Meekatharra, WA Duffy Well Project • Soil-covered southern extension of the Paddy’s Flat / Central Murchison Gold Mines Gnaweeda Greenstone Belt • Directly along strike from; ✓ Turnberry Deposit (Inferred Mineral Resource of 5.5Mt @ 1.8
Slide 20: Limestone Well (vanadium) – AUT earning 80%
Limestone Well (vanadium) – AUT earning 80% For personal use only • Mithril - 100% • Auteco Minerals (AUT.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) • Aircore drilling f
Slide 21: Kurnalpi (nickel) – MTH 100%
Kurnalpi (nickel) – MTH 100% For personal use only • 70kms NE of Kalgoorlie, WA • Excellent access & infrastructure • Confirmed nickel sulphides and a new copper-cobalt target • Seeking exploration partner Kalgoorlie 21
Slide 22: Confirmed nickel sulphides at Kurnalpi
Confirmed nickel sulphides at Kurnalpi 6627280N cross section For personal use only • Nickel sulphides confirmed at northern end EL28/2567 • 90% of nickel host rocks on project untested by EM geophysics and / or effective drilling • Targeting high-grade massive nickel sulphides No EM geophysics 22
Slide 23: 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 24: 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 25: 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 26: 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 26
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