Slide 1: Investor Update Presentation
Investor Update Presentation David Hutton, Managing Director July 2012 Page 1
Slide 2: 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 though Mithril has no reason t
Slide 3: Investment Summary
Investment Summary People Highly experienced and successful “boots on ground” technical and management team Projects Highly prospective (copper – gold) projects with First Mover advantage 151Kt copper metal Resource Inventory Strong pipeline of new targets to be drill tested in 2012 Process Strong C
Slide 4: Corporate Summary
Corporate Summary Shares on Issue (ASX:MTH) - 219.6 million (Options on issue – 24.1 million) Market Capitalisation - $7.69M (at 3.5 cps) Cash (at 31 March 2012) - $6.4M Top 40 Shareholders hold 50% (Minotaur Resources – 9.75% and Lion Selection – 3.9%) Board of Directors - John Roberts, David Hutto
Slide 5: Outstanding Exploration Portfolio
Outstanding Exploration Portfolio 7,422kms² total project area with approximately 20% of this subject to divestment East Pilbara Yambah Huckitta Alice Springs 2012 Primary Focus is copper – gold exploration at the Illogwa IOCG Area (Huckitta Project) Page 5
Slide 6: Huckitta Project (MTH - 100% and JV's)
Huckitta Project (MTH - 100% and JV’s ) 4,671kms² area and located 150kms east of Alice Springs, NT with good road and track access Plenty Highway Prospective for Iron Oxide Copper Gold (IOCG) and nickel mineralisation MMG (Minmetals) earning 80% of nickel rights by spending $4M and completing Pre F
Slide 7: Huckitta Project – prospect locations
Huckitta Project – prospect locations Plenty Highway Basil Copper Deposit JORC Inferred Resource - 26.5Mt @ 0.57% copper, 0.05% cobalt (151Kt copper metal) Bigglesworth Iron Oxide Copper Gold Prospect ALICE SPRINGS Austin Iron Mithril 100% Oxide Copper Gold Prospect Treasure JV (MTH earning 80%) Har
Slide 8: Illogwa IOCG Target Area
Illogwa IOCG Target Area New mineral district approximately 30 kilometres south of Basil Copper Deposit Identified by Mithril Resources mid 2011 following initial work by Northern Territory Geological Survey 500kms² target area with outstanding copper – gold prospectivity Widespread outcropping copp
Slide 9: Illogwa IOCG Target Area - Magnetics
Illogwa IOCG Target Area - Magnetics Bigglesworth Prospect Cu-Au Au mineralisation in hematite-silica veins Austin Prospect and altered granite Cu-Au mineralisation in hematite-silica veins in EL28335 altered granite. IP anomalies EL25653 Dixie Prospect Intensely altered granite El Gordo Prospect wi
Slide 10: Bigglesworth Prospect – looking west
Bigglesworth Prospect – looking west Copper rich veins in granite Multiple cross cutting IOCG alteration events 120m Altered granites Altered granites Page 10
Slide 11: Bigglesworth Prospect – outcropping copper
Bigglesworth Prospect – outcropping copper Large gravity anomaly under thin cover – source unknown Mapped mineralisation 500m to SE Mineralised horizons continue under cover to southeast Intense silica hematite alteration 3-5m thick in granite with common copper mineralisation (malachite and chalcop
Slide 12: Austin Prospect – outcropping copper
Austin Prospect – outcropping copper Outcropping ridge of hematite veining in altered granites (looking east) Malachite (copper) mineralisation (green) in hematite vein Altered granite Hematite-silica veins Page 12
Slide 13: El Gordo Prospect – outcropping copper
El Gordo Prospect – outcropping copper Shear hosted hematite-silica alteration +/- copper mineralisation mapped over 800m (Looking South West) Page 13
Slide 14: El Gordo Prospect – outcropping copper
El Gordo Prospect – outcropping copper Surface channel sampling across copper mineralisation returned 7 metres grading 0.94% copper (see ASX announcement 25 June 2012) (Looking South) Page 14
Slide 15: Mini Me Prospect – Copper mineralisation
Mini Me Prospect – Copper mineralisation Outcropping vein of chalcopyrite (copper sulphide) mineralisation within a broad silica – haematite alteration zone (Looking East) Page 15
Slide 16: Yambah Project (MTH - 100%)
Yambah Project (MTH - 100%) 623kms² area and located approximately 60kms north of Alice Springs, NT with excellent road and rail access Prospective for Volcanic Massive Sulphide (VMS) copper – lead – zinc and gold mineralisation Multiple mineral occurrences, up to 6m @ 6.5% zinc in shallow drilling
Slide 17: Yambah Project – prospect locations
Yambah Project – prospect locations 6m@6.5% Zn from 131m 1.6%Cu in rockchips Harry Creek Prospect 4m@2%Zn from 39m Rankins Prospect 3.6%Cu, 0.1g/tAu in rockchips Geko Prospect 19%Cu, 0.26g/tAu, 25g/tAg in grab samples 10km Base Metal Mineral Occurrence/Prospect Alice Springs Page 17
Slide 18: East Pilbara Project (MTH – 100%)
East Pilbara Project (MTH – 100%) 701kms² area - located 170kms east of Port Hedland, WA Pardoo (Atlas) Port Hedland Nickel, copper, iron ore and gold prospectivity Goldsworthy Shay Gap Poondana (BHP) (Jupiter) High Priority VTEM (Polaris) conductors associated with CAMEL WELL nickel and copper mine
Slide 19: Talga East prospect – drilling underway
Talga East prospect – drilling underway TALGA EAST Mapped Ultramafic New gossan identified 2km long and coincident with E45/3457 discrete VTEM anomaly. Rockchips to 0.48%Cu, 0.31g/t Au and 22.7g/tAg E45/3680 Coincident VTEM , magnetic anomalies and nickel sulphide prospective ultramafic rocks over 1
Slide 20: 2012 Planned Activities and News flow
2012 Planned Activities and News flow Project Activity Jul Aug Sep Oct Nov Dec RC drilling East Pilbara Drilling results RC / Diamond drilling Illogwa Drilling results Basil Project Review MLTEM (TBC) Yambah RC drilling (TBC) Drilling results Page 20
Slide 21: Investment Summary
Investment Summary People Highly experienced and successful “boots on ground” technical and management team Projects Highly prospective (copper – gold) projects with First Mover advantage 151Kt copper metal Resource Inventory Strong pipeline of new targets to be drill tested in 2012 Process Strong C
Slide 22: Resource Inventory – Basil Copper Deposit
Resource Inventory – Basil Copper Deposit Resource estimated for the 3km long, most intensely drilled portion of the 10km long Basil mineralised trend (Refer to ASX Announcement 21 March 2012) JORC Copper cut off Contained copper Contained cobalt Tonnes (Mt) Copper (%) Cobalt (ppm) Category grade (%
Slide 23: MMG Option and JV Agreement
MMG Option and JV Agreement Option and JV Agreement on all Mithril - wholly owned tenements at Huckitta. Nickel rights only with Mithril retaining rights to all other minerals MMG to earn 51% by completing $4M in Exploration. MMG may earn an additional 29% (total 80%) by completing a Pre-Feasibility
Slide 24: For further information:
For further information: David Hutton – Managing Director admin@mithrilresources.com.au 08 8378 8200 Page 24