Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (June 2009)
27 slides from Mithril Silver And Gold's investor presentation, Jun 19, 2009
Slide 1: Investor Update
For personal use only ASX: MTH Investor Update www.mithrilresources.com.au June 18th, 2009 Please note the important disclaimer and competent persons statement at the end of this presentation
Slide 2: Mithril Resources Ltd – Summary Highlights
Mithril Resources Ltd – Summary HIGHLIGHTS For personal use only q A new Ni-Cu discovery at Huckitta in the Northern Territory (Blackadder - 3.8%Ni, 9.6%Cu and Baldrick 2.3%Ni, 2.4%Cu); q The leading tenement position in the Musgrave region of South Australia with recent success at Darwin the Mt Alv
Slide 3: Mithril Resources Ltd - Summary: Capital Structure
Mithril Resources Ltd - Summary For personal use only Capital Structure q Shares on Issue 67.393M* q Unlisted Options 13.305M* * I ncludes new shares as a result of successful placem ent to raise $1.6M as announced M ay 5, 2009 Ø Tranche 1 ($367,000) completed on May 8th Ø Tranche 2 ($1,233,000) rec
Slide 4: Project Summary
Project Summary q Mithril Resources has discovered For personal use only significant Ni-Cu-PGE mineralisation at a number of locations on the Harts Range/Huckitta Project q Identification of numerous gabbroic bodies with disseminated sulphides Blackadder grab sample (including pentlandite) suggests
Slide 5: Budget Summary – Core Projects
Budget Summary – Core Projects q Huckitta Region For personal use only § Mithril Funding = $1,009,200 § BHPB Funding = $100,240 (Hammer Hill & Indiana) § Advance project towards discovery Hammer q Pardoo Hill Indiana § Mithril Funding $115,950 § Complete DHEM to delineate targets below Highway Resou
Slide 6: New Nickel Sulphide Discovery in the NT
New Nickel Sulphide Discovery in the NT Up to 3.8%Ni, 9.8%Cu, 1.7g/tPGEs, 25g/tAg in rock chips For personal use only 3.8%Ni, 9.6%Cu OLIVINE NORITE OPEN 0.5%Ni, 0.2%Cu 1.2%Ni, 0.5%Cu 0.6%Ni, 1.8%Cu 1.4%Ni, 4.7%Cu OPEN 1.2%Ni, 0.7%Cu METASEDIMENTS 0.3%Ni, 0.3%Cu Blackadder Prospect Ni, Cu (+PGE & Co)
Slide 7: Blackadder-Baldrick Satellite Image
Blackadder-Baldrick Satellite Image 2.3%Ni, 2.4%Cu For personal use only BALDRICK 0.7%Ni, 1.9%Cu Blebby Sulphides EL25346 EL25453 EM Profiles on Magnetics over The Blackadder Prospect BLACKADDER 1.2%Ni, 0.7%Cu 3.8%Ni, 9.6%Cu 0.3%Ni, 0.3%Cu 0.6%Ni, 1.8%Cu
Slide 8: Blackadder-Baldrick Magnetics
Blackadder-Baldrick Magnetics 2.3%Ni, 2.4%Cu For personal use only BALDRICK 0.7%Ni, 1.9%Cu Blebby Sulphides EL25346 EL25453 BLACKADDER 3.8%Ni, 9.6%Cu 1.2%Ni, 0.7%Cu 0.3%Ni, 0.3%Cu 0.6%Ni, 1.8%Cu
Slide 9: Baldrick Prospect – Looking West
Baldrick Prospect – Looking West For personal use only 2.3%Ni, 2.4% Cu Felsic Gneiss Norite Felsic Gneiss 0.9%Ni, 1.5% Cu
Slide 10: Baldrick “Blebby Sulphides”
Baldrick “Blebby Sulphides” Bears Brook Pit – Noril’sk & Zhdanov Pit - Pechanga Sulphide Blebs in Pyroxenite For personal use only Zhdanov Mine (Western Pit) Pechenga Sulphide Blebs in Taxite Bears Brook Pit Noril’sk Baldrick “Blebby Sulphides” pyrrhotite-chalcopyrite-pentlandite
Slide 11: Regional Magnetics (RTP)
Regional Magnetics (RTP) For personal use only Baldrick 2.3%Ni, 2.4%Cu Blackadder 3.8%Ni, 9.6%Cu Edmund 2.6%Cu, 65g/t Ag Hale River Elevated Ni & PGE’s 13%Cu, 3g/t Au Flashheart 3.9%Cu, 0.3g/t Au, 6.5g/tAg Miggins Percy 0.26%Ni, Elevated Ni, Cu 0.5gpt Pt+Pd & PGE’s
Slide 12: Regional Geology
Regional Geology For personal use only Baldrick 2.3%Ni, 2.4%Cu Blackadder 3.8%Ni, 9.6%Cu Edmund 2.6%Cu, 65g/t Ag Hale River Elevated Ni & PGE’s 13%Cu, 3g/t Au Flashheart 3.9%Cu, 0.3g/t Au, 6.5g/tAg Miggins Percy 0.26%Ni, Elevated Ni, Cu 0.5gpt Pt+Pd & PGE’s
Slide 13: Miggins Prospect – Leaky Bore EL (100% MTH)
Miggins Prospect – Leaky Bore EL (100% MTH) For personal use only 0.26% Ni, 0.06%Cu and 0.5gpt Pt+Pd Gabbro Felsic Gneiss
Slide 14: The Exploration Criteria Stacks Up….
The Exploration Criteria Stacks Up…. q Geodynamic/Tectonic Setting For personal use only Ø Intersecting Continental Scale Structures Ø Rifted Craton Margin q Large Magmatic Event Ø Numerous “Blackadder-type” intrusions identified over large area (>1000 km2) q Favourable host rocks Ø Gabbroic bodies
Slide 15: 2009 Work Program
2009 Work Program For personal use only ACTIVITY Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Desktop Studies Geology/Mapping Ground Geophysics Drilling (Blackadder) Airborne Geophysics q Phase 1 - Blackadder and Baldrick Prospects § Ground Follow-up of additional targets § Ground geophysics (EM
Slide 16: Musgrave Province – South Australia
Musgrave Province – South Australia For personal use only Wingellina 86Mt @ 1.23%Ni, 0.09%Co (Laterite – Metals X) WA NT SA Nebo/Babel 396Mt @ 0.3%Ni, 0.3%Cu (BHP Billiton) 0 200 km
Slide 17: Musgrave Barrick JV (east)
Musgrave Barrick JV (east) For personal use only Recorded Cu occurrence No Geochemical sampling in this area to date q Previous exploration limited to stream sediment sampling and limited ground follow-up q Large Geochemical target in the east has not been explained q Recorded Cu occurrence in norit
Slide 18: Musgrave Barrick JV – Western EL’s
Musgrave Barrick JV – Western EL’s (Mithril earning an 80% interest) For personal use only Ni-Cu Sulphide Targets Mt ALVEY PROSPECT 14m@0.42g/t Pt+Pd DEERING HILLS Incl. 4m@0.91g/t Pt+Pd Rare Earth Element Prospect Grabs to 9.3% REE DEERING HILLS q Priority ground EM targets VANADIUM-MAGNETITE ident
Slide 19: Mt Alvey Pt-Pd Prospect
Mt Alvey Pt-Pd Prospect Musgrave Province, SA For personal use only Mt Alvey East MAD001 6m @ 0.8g/t Pt+Pd 0.15 g/t Pt+Pd Mt Alvey East MAD002 8m @ 0.7g/t Pt+Pd Mt Alvey Prospect 14m @ 0.42g/t Pt+Pd Incl. 4m @ 0.91g/t Pt+Pd 0.17 g/t Pt+Pd 0.08 g/t Pt+Pd 500m MITHRIL ELA RTP Magnetic Image with outcr
Slide 20: For personal use only
q Scope to increase tonnage and For personal use only grade at Highway q Significant exploration potential q Processing options under review Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Highway - Inferred Resource of 44.7Mt at 0.3%Ni, 0.1%Cu (JORC-compliant)
Slide 21: For personal use only
For personal use only Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Highway - Inferred Resource of 44.7Mt at 0.3%Ni, 0.1%Cu (JORC-compliant)
Slide 22: Highway Deposit Section 38100E
HIGHWAY DEPOSIT SECTION 38100E For personal use only 0.1% Ni Cutoff Highway Deposit 0.3% Ni Cutoff Section 38100E DD08HW001 DD08HW002 200m
Slide 23: Highway Deposit Section 37900E
HIGHWAY DEPOSIT SECTION 37900E For personal use only 0.1% Ni Cutoff Highway Deposit 0.3% Ni Cutoff Section 38100E 37900E DD08HW001 DD08HW002 200m
Slide 24: Supply Well EM Targets
Supply Well EM Targets For personal use only DD90SW008 0.9m @ 16.8%Zn DD89SW004 2.4m @ 1.08%Ni including 1m @ 1.9%Ni
Slide 25: Antrim Project – NT (Mithril 100%)
Antrim Project – NT (Mithril 100%) For personal use only Proto Resources’ 25 km Lindeman's Bore Project Buntine Hwy Mithril Resources ELA 27383 Mithril Resources ELA 27384
Slide 26: Directors
Directors q John Roberts (Chairman, Non-Executive Director) is a geologist with 51 years experience in the mineral exploration and mining industries in Australia and the United States. John was responsible For personal use only for Homestake Gold of Australia Ltd’s activities from 1977 to 1993 and s
Slide 27: Disclaimer
Disclaimer 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 M
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