Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Investor Presentation (May 2024)
21 slides from Mithril Silver And Gold's investor presentation, May 21, 2024
Slide 1: Copalquin Property, Durango State, Mexico
For personal use only Copalquin Property, Durango State, Mexico A Silver Mining District with High-Grade Gold Exploration Accelerating in 2024-2025 ASX:MTH Investor Presentation – 21 May 2024 1
Slide 2: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may The Company confirms that it is not aware of any new information or data that materially affects the be restricted by law and therefore persons in such jurisdictions into which this information incl
Slide 3: Developing a High-Margin Company on Mexican Silver & Gold
Developing a High-Margin Company on Mexican Silver & Gold For personal use only District Scale Exploration Success Near Term Longer Term • 70km2 district with ~70 • 529koz AuEq (~40moz • Recommence drilling at • Upgrade site access historic mines and AgEq) at first target area+ Target 1 area in May
Slide 4: Snapshot & History
Snapshot & History CORPORATE OVERVIEW MTH ASX HISTORY (MARKET CAP PEAKED ~A$120m) ASX Code MTH 120.0m Shares on Issue 84.6m For personal use only 100.0m Options @$0.10, 3yrs (unlisted) 10.0m Market Cap ($AUD) Options @$0.20, 3yrs (listed) 27.6m 80.0m Options @$0.20, 3yrs (director, unlisted) 2.3m Op
Slide 5: Board, Management & Advisors
Board, Management & Advisors CRAIG SHARPE Non-Executive Chairman • Over 25 years’ experience in the finance industry across FX, management, institutional and retail equity sales. For personal use only • BCom in Economics and Finance, MBA and graduate of the AICD • Non-Executive Chair of ASX: L1M Lig
Slide 6: Mexico & Project Overview
Mexico & Project Overview MEXICO IS A GLOBALLY IMPORTANT MINING INDUSTRY REGIONAL DISTRICTS ARE LARGE AND LONG LIVED Historic Production & Dolores 2.4Moz Au 94Moz Ag For personal use only Current Resources La India Mulatos 4.5Moz Au 100km Pinos Altos 3.6Moz Au 100Moz Ag Ocampo 2.9Moz Au 126Moz Ag TH
Slide 7: Mexico Mining & Silver
Mexico Mining & Silver Mkt. Cap. Companies in Mexico >A$1Bn 17-May-24 (A$) Grupo Mexico 78.6 For personal use only Newmont Goldcorp 75.1 Agnico Eagle Mines 52.1 Teck Resources A 41.4 Wheaton Precious Metals 38.5 Franco-Nevada 36.6 Alamos Gold 10.1 Industrias Penoles 9.4 2024 Solar Panel Capstone Min
Slide 8: Management Experience & Success in Mexico (US$1B Takeover)
Management Experience & Success in Mexico (US$1B Takeover) BOLNISI GOLD - PALMAREJO PROJECT, CHIH MEXICO BOLNISI GOLD (ASX:BSG) COMPARED TO GOLD PRICE • First drilling at Palmarejo 2004. Historic mine (1890’s), no For personal use only previous drilling. • By Oct 2006, 3Moz AuEq resource (86% M&I),
Slide 9: Copalquin Highlights
Copalquin Highlights • HIGH-GRADE Maiden resource (JORC and NI Gold Silver Hole ID From To Length interval interval Gold Eq* Silver Eq* 43-101) in only 15 months of drilling+ (g/t) (g/t) Interval Interval Interval (g/t) (g/t) For personal use only (m) (m) (m) • Highest grade maiden resource released
Slide 10: Maiden Resource - District Target - High Grade
Maiden Resource - District Target 1 – High Grade RESOURCE HIGHLIGHTS ✓ High-grade underground mining taking ✓ 17,700 m drilled, US$12.50 per oz AuEq* ✓ 8,300 m drilled at El Refugio since advantage of topography all in discovery cost maiden resource estimate For personal use only ✓ Open at depth, on
Slide 11: The Treasure of the Sierra Madre
The Treasure of the Sierra Madre Underexplored - Only 33,000m of Modern Exploration LiDAR flown for concession For personal use only area in May 2024 Future Exploration Area 11
Slide 12: Resource Growth Near Term - Target
Resource Growth Near Term – Target 1 • Near term – aim to For personal use only double current resource in 2024 • High-grade depth potential at Target 1 area • Develop other targets at least 2 additional Target 1 size resource potential • Unexplored District North Section – 3 alteration areas • More
Slide 13: A High-Grade Discovery - The Tip of The Iceberg
A High-Grade Discovery – The Tip of The Iceberg 529,000 oz AuEq (373,000 oz Au + 10.9 Moz Ag (4.80 g/t Au + 141 g/t Ag)+ For personal use only • The top 300m of the first - 1,200m target area drilled to- RL date • Underlying this and the rest of the district – a deeper vent system • Aiming 2X resour
Slide 14: Peer Comparisons - ASX Australia
Peer Comparisons – ASX Australia ASX COMPANIES WITH SILVER IN RESOURCES For personal use only EV/oz AgEq g/t AgEq 600 $3.00 500 500 $2.50 Grade g/t Silver Eq. EV per oz Silver Eq. 400 $2.00 Mithril set for a 311 300 $1.50 revaluation on existing 250 $1.22 resource, with $1.40 200 $1.00 resource grow
Slide 15: Peer Comparisons - TSX Canada
Peer Comparisons – TSX Canada TSX COMPANIES WITH SILVER IN RESOURCES For personal use only EV/oz AgEq g/t AgEq 600 $3.00 500 500 467 $2.50 EV per oz Silver Eq. (A$) Grade g/t Silver Eq. $1.98 400 $2.00 $1.65 Proposed dual listing $1.48 on TSXV (subject to 300 $1.50 TSXV approval) 256 200 176 $1.00 $
Slide 16: Work Program & Go Forward Plan
Work Program & Go Forward Plan 2024 2025 2027 2028 Drilling, Studies & Assessments, Project Development For personal use only Lidar and mag. survey Exploration Target 1 Drilling, Resource Update Continued district target development, ranking and drilling Geologic model development, deeper drilling a
Slide 17: Key Takeaways
For personal use only Key Takeaways Right Location – Sierra Madre Increase ounces in near term Strong initial news flow with Occidental endowment and with district scale upside – silver drilling commencing in May 2024 major operators with high-grade gold and ongoing district exploration Proven manag
Slide 18: Environmental, Social and Governance
For personal use only Environmental, Social and Governance ENVIRONMENT SOCIAL GOVERNANCE • Exploration work using man-portable • The company philosophy at the • Fully compliant with all federal laws diamond core drill Copalquin district is to support – permitting, taxation, employment communities vi
Slide 19: Permitting, Land and Infrastructure
Permitting, Land and Infrastructure PERMITTING LAND INFRASTRUCTURE • Drilling under NOM-120- • Land is municipal land • Electricity SEMARNAT-2020 permiso, and For personal use only • No registered ejidos transmission line 20km north current and extendable • No registered communities & 34.5kV 20km ea
Slide 20: Copalquin District Summary
Copalquin District Summary • Copalquin, Mexico – A silver mining district with high-grade gold • 70 historic mines and workings across the district with 3,000m of For personal use only tunnels • Well understood deposit type in region with world class mines and multi- million-ounce districts • High-g
Slide 21: Joint Lead Managers
For personal use only Joint Lead Managers: John Skeet Simon Catt Craig Stranger Managing Director/CEO Arlington PAC Partners +61 435 766 809 +44 786 656 5544 +61 409 206 500 jskeet@mithrilresources.com.au scatt@agam.co.uk cstranger@pacpartners.com.au 21
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