Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — Shareholder Meeting (November 2007)

30 slides from Mithril Silver And Gold's shareholder meeting presentation, Nov 14, 2007

  1. Slide 1: A Nickel Sulphide Explorer - 2007 Annual General Meeting

    A Nickel Sulphide Explorer For personal use only 2007 Annual General Meeting November 14th, 2007 www.mithrilresources.com.au

  2. Slide 2: Mithril Resources Ltd - Summary

    Mithril Resources Ltd - Summary For personal use only “Growth through the discovery and development of nickel sulphide resources” ƒ ASX Listed MTH ƒ Outstanding Shares 47.1M ƒ Market Cap $12.7M ƒ Cash on hand $4.5M ƒ Substantial Shareholders – Minotaur Resources Investments Pty Ltd 18.9% – Consolida

  3. Slide 3: Mithril Resources – Highlights

    Mithril Resources – Highlights For personal use only ƒ Musgraves, SA: 4 EL’s granted, aircore drilling planned December, 2007 ƒ Huckitta, NT: priority targets identified from airborne geophysical program ƒ Dominion JV, SA: Nickel sulphides intersected ƒ Casey, NT: widespread copper mineralisation at

  4. Slide 4: Comments on the Nickel Price

    Comments on the Nickel Price For personal use only ƒ Supply remains tight – strong demand growth – tempered by record high nickel prices in 2007 ƒ Limited substitution – most significant is nickel pig iron (‘nickel for nickel’) – Production of nickel pig iron profitable when price is above ~$24,000/

  5. Slide 5: Mithril Resources – Project Location Map

    Mithril Resources – Project Location Map ƒ 34 Granted Tenements For personal use only Darwin ƒ 36 Exploration Applications ƒ 17 Joint Ventures Junction JV Tanami JV Andrew Young Hammer Hill JV Bulloo Downs Indiana JV Alice Springs Casey Byro SA Musgrave Brisbane Dominion JV Silver Swan Barton Talia

  6. Slide 6: FY 2008 Exploration Plan – Key Projects

    FY 2008 Exploration Plan – Key Projects For personal use only Q1 2008 Q2 2008 Q3 2008 Q4 2008 WA Projects Silver Swan North Byro NT Projects Casey Huckitta Andrew Young SA Projects Dominion JV Musgrave Barrick Musgrave Other Talia Hill Kalli JV (Iluka) Meridian IPO July 1, 2007 June 30, 2008 Airborn

  7. Slide 7: Musgrave Province – South Australia

    Musgrave Province – South Australia ƒ Strategic land holding of ~34,000km2 For personal use only ƒ 4 tenements granted October, 2007 ƒ Consultations on 4 additional tenements EL 3939 EL 3940 EL 3942 EL 3941 52/97 380/97 54/97 41/97 (BHP Billiton) 7

  8. Slide 8: Musgrave Province - Summary

    Musgrave Province - Summary ƒ Mithril’s exploration land holding includes four recently granted For personal use only tenements and 24 exploration licence applications comprising 34,000km2 ƒ The Musgrave Province: – is a large under-explored block of Proterozoic-aged rocks comprising a diversity of

  9. Slide 9: Musgrave Province – South Australia

    Musgrave Province – South Australia ƒ Strategic land holding of ~34,000km2 For personal use only ƒ 4 tenements granted October, 2007 ƒ Consultations on 4 additional tenements EL 3939 EL 3940 EL 3942 EL 3941 52/97 380/97 54/97 41/97 (BHP Billiton) 9

  10. Slide 10: Musgrave Barrick JV (west)

    Musgrave Barrick JV (west) Previous and planned exploration activity For personal use only EL 3942 Alvey Pt-Pd EL 3941 Prospect excluded excluded ƒ Previous Work Planned aircore drillhole 5 km – ~90% sand cover Historic drillhole Target area – Airborne EM with ground follow-up on 11 targets Mapped m

  11. Slide 11: Alvey Pt-Pd Prospect – Musgrave Province, SA

    Alvey Pt-Pd Prospect – Musgrave Province, SA ƒ Pt-Pd prospect 800m west of For personal use only Mithril’s tenement boundary ƒ Within a small area excluded from, but enclosed by EL 3942 15m @ 0.72 g/t Pt+Pd RC00ALP001 ƒ Discovered in 2000 ƒ 3 RC holes completed e rit spanning a strike length of No 3

  12. Slide 12: Musgrave Barrick JV (west)

    Musgrave Barrick JV (west) Previous and planned exploration activity For personal use only EL 3942 Alvey Pt-Pd EL 3941 Prospect excluded excluded RTP Magnetic Image Planned aircore drillhole 5 km ƒ Mithril’s planned work programme Historic drillhole – Aircore drilling across magnetic bodies Target a

  13. Slide 13: Mithril Resources – Project Location Map

    Mithril Resources – Project Location Map For personal use only Darwin Junction JV Tanami JV Andrew Young Hammer Hill JV Bulloo Downs Indiana JV Alice Springs Casey Byro SA Musgrave Brisbane Dominion JV Silver Swan Barton Talia Hill JV North Kalgoorlie Perth Cooper Hill Kalli JV Boomey Koonenberry Ce

  14. Slide 14: Huckitta Project - Magnetic (1VD) Image

    Huckitta Project - Magnetic (1VD) Image ƒ Target: magmatic Ni-Cu sulphides in For personal use only mafic/ultramafic intrusions ƒ Excellent geodynamic environment. ƒ 5000 l-km Airborne Programme identifies several priority targets 0.3% Ni, 750ppm Cu (rock chip) 0.54% Ni 0.7% Ni (rock chip) (rock chi

  15. Slide 15: Huckitta – VTEM Coverage

    Huckitta – VTEM Coverage For personal use only 0.3% Ni, 750ppm Cu (rock chip) 0.54% Ni nt y Hwy (rock chip) Ple 1084ppm Cu, 619 ppm Ni 0.7% Ni (Mag Lag) (rock chip) 15

  16. Slide 16: Preliminary VTEM results are positive

    Preliminary VTEM results are positive ƒ 5000 l-km survey complete For personal use only ƒ Several late-time, discrete bedrock conductors outlined in field data ƒ Ground EM and mapping Early Time B-field underway Mid Time B-Field Late Time B-Field 16

  17. Slide 17: Preliminary VTEM results – EM Channel (B)

    Preliminary VTEM results – EM Channel 34 (B) For personal use only Hammer Hill JV Indiana JV Priority Target Areas 4 km 17

  18. Slide 18: Preliminary VTEM results – EM Channel (B)

    Preliminary VTEM results – EM Channel 34 (B) Hammer Hill JV For personal use only (Mithril-Arafura) Indiana JV (BHP Billiton – Mithril) Priority Target Areas Additional Priority Targets ƒ Ground EM and mapping underway ƒ Drilling planned for February 4 km 2008 18

  19. Slide 19: For personal use only

    For personal use only 19

  20. Slide 20: Casey Project - Satellite Image with Copper Occurrences

    Casey Project Satellite Image with Copper Occurrences For personal use only Pipeline Prospect Copper from 0.8% - 5.2% Arthur Popes Area Cu to >20%, REE to >1% In multiple carbonatite viens 0.12%Ni, 0.21% Cu from Ultramafic (rockchip) 20

  21. Slide 21: Casey Project - Magnetics with Copper Occurrences

    Casey Project Magnetics (1VD) with Copper Occurrences For personal use only Pipeline Prospect Copper from 0.8% - 5.2% Arthur Popes Area Cu to >20%, REE to >1% In multiple carbonatite viens 0.12%Ni, 0.21% Cu from Ultramafic (rockchip) 21

  22. Slide 22: Mithril Resources – Location Map

    Mithril Resources – Location Map For personal use only Darwin Junction JV Tanami JV Andrew Young Hammer Hill JV Bulloo Downs Indiana JV Alice Springs Casey Byro SA Musgrave Brisbane Dominion JV Silver Swan Barton Talia Hill JV North Kalgoorlie Perth Cooper Hill Kalli JV Boomey Koonenberry Ceduna JV

  23. Slide 23: Dominion JV – South Australia

    Dominion JV – South Australia For personal use only Challenger ƒ Located 740km northwest of Mine Site Adelaide Target: Mafic ƒ Numerous mafic-ultramafic Ultramafic Bodies bodies identified ƒ Compares favourably to the Thompson Ni Belt, Canada ƒ Covers 3332 Km2 ƒ Limited nickel exploration ƒ Mithril

  24. Slide 24: Dominion JV – Aristarchus Area Magnetics

    Dominion JV – Aristarchus Area Magnetics ƒ Nickel sulphides identified in DMDD002 PACE funded drilling For personal use only 0.45m @ 0.16%Ni & 0.23g/t Pt-Pd ƒ Large mafic body untested ƒ Anomalous Ni-Cu-Pt values DMDD003 ƒ Downhole/Ground EM DMDD001 Aristarchus 2006 Ground EM Coverage AEM Anomaly An

  25. Slide 25: Mithril Resources – Project Location Map

    Mithril Resources – Project Location Map For personal use only Darwin Junction JV Tanami JV Andrew Young Hammer Hill JV Bulloo Downs Indiana JV Alice Springs Casey Byro SA Musgrave Brisbane Dominion JV Silver Swan Barton Talia Hill JV North Kalgoorlie Perth Cooper Hill Kalli JV Boomey Koonenberry Ce

  26. Slide 26: Silver Swan North JV

    Silver Swan North JV ƒ Mithril and BHPB earning 51% from FerrAus For personal use only ƒ 2000m Drill Programme underway Black Swan Nickel Operation 26

  27. Slide 27: Silver Swan North JV

    Silver Swan North JV Mithril, BHP Billiton and FerrAus JV For personal use only 27

  28. Slide 28: Mithril vends NSW projects to Meridian

    Mithril vends NSW projects to Meridian For personal use only ƒ Meridian Minerals will be focused on gold and copper exploration ƒ Drill ready projects in the world class mineral terranes of the Lachlan Fold Belt, NSW and the Gawler Craton, SA • 7% Cu & 10g/t Au south of the Peak Hill Mine • 20m @ 4.

  29. Slide 29: FY 2008 Exploration Plan – Key Projects

    FY 2008 Exploration Plan – Key Projects For personal use only Q1 2008 Q2 2008 Q3 2008 Q4 2008 WA Projects Silver Swan North Byro NT Projects Casey Huckitta Andrew Young SA Projects Dominion JV Musgrave Barrick Musgrave Other Talia Hill Kalli JV (Iluka) Meridian IPO July 1, 2007 June 30, 2008 Airborn

  30. Slide 30: Mithril Resources Ltd - Summary

    Mithril Resources Ltd - Summary For personal use only ƒ Strong portfolio of quality greenfield projects – Nickel focus – Exposure to copper, uranium & mineral sands through various JV’s ƒ Aggressive exploration programme underway – Currently drilling at Silver Swan North – Access to granted tenement

Mithril Resources — Shareholder Meeting (November 2007) on 6ix