26 slides from Mithril Silver And Gold's shareholder meeting presentation, Nov 14, 2018
Slide 1: AGM Presentation
Mithril Resources Ltd MTH:ASX For personal use only AGM Presentation David Hutton | Managing Director 14 November 2018
Slide 2: Boots on ground explorer
Boots on ground explorer For personal use only • Our Current focus Billy Hills (zinc) Kurnalpi (nickel) • Emerging Opportunities Bangemall (copper, lead, zinc) Duffy Well (gold) • Exploration partnerships Limestone Well (vanadium) 2
Slide 3: Experienced technical and corporate team
Experienced technical and corporate team For personal use only Graham Ascough (Chairman) – Geophysicist with 27 years industry experience and formerly Falconbridge Exploration Manager Australasia (Nickel and PGE’s). Donald Stephens (Non Executive Director / Company Secretary) – Chartered Accountant
Slide 4: A busy work schedule
A busy work schedule* For personal use only Project Activity Dec 18 Qtr Mar 19 Qtr Jun 19 Qtr Complete Heritage Protection Agreement Billy Hills IP geophysics and drill follow-up Resampling / mapping Kurnalpi EM geophysics and drill follow-up Resampling / mapping Duffy Well Aircore drilling Data com
Slide 5: Billy Hills (zinc)
Billy Hills (zinc) For personal use only • Mithril - 100% • 20kms SE of Fitzroy Crossing, WA • Adjacent to the former Pillara Zinc Mine (production of 10.3 Mt @ 6.9% Zn, 2.3% Pb from June 1997 to October 2003) • Targeting large scale deposits under cover along strike from known mineralisation 5
Slide 6: Outcropping zinc mineralisation
Outcropping zinc mineralisation For personal use only 6
Slide 7: Initial targets prioritised for follow-up
4 initial targets prioritised for follow-up For personal use only Area Target Rock chips Drill intercepts IP anomaly (km²) All drilling at very southern end of target 3m @ 4.41% zinc + lead from 77 metres Yes – strong A 1.8 Up to 14.24% zinc + lead 5m @ 1.4% zinc + lead from 274 metres Not drilled 1
Slide 8: Target locations and surface mineralisation
Target locations and surface mineralisation For personal use only limestone granite Outcrop geology Rock chip results 8
Slide 9: Historic drilling and IP anomalies
Historic drilling and IP anomalies For personal use only Zinc + lead in drilling IP anomalies 9
Slide 10: Billy Hills Next Steps
Billy Hills Next Steps For personal use only • Execute Heritage Agreement with Traditional Owners (underway) • Data compilation and target generation (ongoing) • Induced Polarisation (IP) geophysics to define specific drill targets and drill follow-up 10
Slide 11: Kurnalpi (nickel)
Kurnalpi (nickel) For personal use only • Mithril - 100% • 70kms NE of Kalgoorlie, WA • Excellent access & infrastructure • Two priority targets: o Northern nickel sulphides o New copper-cobalt occurrence Kalgoorlie 11
Slide 12: Northern nickel sulphides
Northern nickel sulphides For personal use only 6627280N cross section • More drilling required EL28/2567 • 90% of nickel host rocks on project remain untested by EM geophysics No EM geophysics 12
Slide 13: New copper cobalt occurrence
New copper cobalt occurrence For personal use only • 1.46% copper and 1.12% cobalt in a grab EL28/2567 sample of historic drill spoils • Occurs within sheared carbonaceous metasediments separate to the nickel host rocks. • A new style of mineralisation for Kurnalpi? 13
Slide 14: Kurnalpi Next Steps
Kurnalpi Next Steps For personal use only • Further resampling and mapping of new copper cobalt target • EM geophysics over remainder of nickel host rocks • Drill test extensions to nickel sulphide target and any new EM anomaly 14
Slide 15: Bangemall (copper, lead, zinc)
Bangemall (copper, lead, zinc) For personal use only • Mithril - 100% • 250kms NW of Meekatharra, WA • Targeting large scale deposits 15
Slide 16: Similarities to other base metal districts
Similarities to other base metal districts 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 Sedimentary Exh
Slide 17: Along strike from the Abra Deposit
Along strike from the Abra Deposit For personal use only Belang Bore Target The white dashed line shows the Lyons River Fault – a key structural control on mineralisation within the area. 17
Slide 18: Abra progressing to production
Abra progressing to production For personal use only 18
Slide 19: Multiple targets
Multiple targets For personal use only • Coincident airborne EM (GEOTEM) + surface geochemical anomalies, and / or copper and zinc in historic drill holes • Consistent with that typically seen above large scale sedimentary exhalative (“Sedex”) base metal deposits. USGS Scientific Investigations Repo
Slide 20: Bangemall Next Steps
Bangemall Next Steps For personal use only • Data compilation and target generation (ongoing) • Tenement grant (early 2019) 20
Slide 21: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Mithril - 100% • Monax Mining (MOX: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) 21
Slide 22: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Mithril also has exposure to vanadium through its Nanadie Well tenements • Monax to undertake reconnaissance aircore drilling December 2018 Quarter. 22
Slide 23: About Mithril
About Mithril For personal use only ASX listed mineral explorer | Nickel, copper, zinc, vanadium Highly experienced technical and corporate team Shares on Issue: 200M | Options (unlisted): 4.2M Market Cap (@ 0.7 cents): $1.40M | Cash (end Sept 18 Qtr.): $0.53M | EV: $0.90M Shareholders: 1,818 | Top
Slide 24: JORC Information & Competent Person Statement
JORC Information & Competent Person Statement JORC Information: For personal use only Further details (including JORC 2012 Code Reporting Tables, where applicable) for the information included in this Presentation can be 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 For personal use only professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and 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