Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Resources Investment Expo 2010
29 slides from Mithril Silver And Gold's conference presentation, Jul 23, 2010
Slide 1: MD presentation to Investors
For personal use only 23 July 2010 MD presentation to Investors Please find attached the presentation for the Resources Investment Expo which Graham Ascough will be attending today and tomorrow at the Melbourne Exhibition Centre (Mithril Booth number R49). Graham will be present to meet with shareho
Slide 2: Resources Investment Expo, 23 & 24 July 2010
For personal use only 23 & 24 July 2010 ASX: MTH www.mithrilresources.com.au Please note the important disclaimer and competent person’s statement at the end of this presentation
Slide 3: Mithril's Project Overview and Highlights
Mithril’s Project Overview and Highlights For personal use only Pardoo/East Pilbara Advanced exploration at Pardoo, host to Huckitta (Harts Range) the Highway Resource: Drilling underw ay on a new 50Mt @ 0.3%Ni, 0.13%Cu, 0.03% Co copper discovery (Basil) on 100% Drilling planned for August 2010 held
Slide 4: Mithril Resources Ltd – Summary
Mithril Resources Ltd – Summary Mithril is a base metal explorer with a highly experienced For personal use only team that combines advanced technology with traditional exploration to deliver success in frontier (greenfield) areas Capital Structure q Shares on Issue (MTH) 119.1M q Unlisted Options 1
Slide 5: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals For personal use only q Then: September 2008 One mineral occurrence, no drill ready targets and no previous drilling q August 2009 -Basil Cu Prospect first identified in outcrop (>10km long) q Now: July 2010 New Cu discovery, several nickel and copper mineral occurren
Slide 6: Huckitta Project and Prospects
Huckitta Project and Prospects Surface rockchip samples For personal use only Plenty Highway Baldrick Blackadder 2.3%Ni, 2.4%Cu 3 .8%Ni, 9.6%Cu Manuel 8.6%Cu, 0.18gpt Au Edmund 2.6%Cu, 65g/t Ag Elevated Ni & PGE’s Hale River 13% Cu, 2.9g/tAu Flashheart 3.9%Cu, 0.3g/tAu Basil Copper Trend (>10km) Up
Slide 7: Huckitta Project Copper and Nickel Prospects
Huckitta Project Copper and Nickel Prospects For personal use only Surface Rockchip/Lag Treasure JV (MTH earning 80%) >1.0% Cu 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu <0.03%Cu 2010 VTEM 4 km COVERAGE Blackadder 2009 3.8%Ni, 9.6%Cu VTEM COVERAGE (MTH 100%) Leaky Bore (MTH 100%) 20
Slide 8: Huckitta Project Area - 2010 VTEM Results
Huckitta Project Area - 2010 VTEM Results Surface Rockchip/Lag For personal use only 2010 VTEM COVERAGE Large VTEM anomaly >1.0% Cu with similar 0.1%Cu to 1.0%Cu characteristics to Basil Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu <0.03%Cu Anomalous copper and Blackadder cobalt in rockchips – Large 3
Slide 9: Basil Prospect – Drill Summary
BASIL PROSPECT – Drill Summary Mineralisation in drilling over 2km of strike Mineralisation extends Surface Rockchip/Lag to the northwest For personal use only >1.0% Cu Total strike > 10km 0.1%Cu to 1.0%Cu 0.03%Cu to 0.1% Cu <0.03%Cu 2010 Drillhole 2009 Drillhole ROTTEN HILL LBRC12 41m at 0.6% Cu, 4
Slide 10: Southern Portion of the Basil Prospect (vertical long section)
Southern Portion of the Basil Prospect (vertical long section) q Drilling to date has intersected copper and cobalt mineralisation over For personal use only 2km of strike q Intersected significant widths of mineralisation in several drillholes often seeing higher grades over narrow widths q Assays
Slide 11: Cross Section 30700E – Rotten Hill
Cross Section 30700E – Rotten Hill Rotten Hill LBRC4 LBRC12 LBDD2 For personal use only 20m @ 0.4% Cu, 0.06% Co 9m @ 0.4% Cu, 0.04% Co -50m 41m @ 0.6% Cu, 0.04% Co 3m @ 1.4% Cu, 0.04%Co 91m 9m @ 1.0% Cu, 0.03%Co 4.5m @ 0.130% Cu, 0.01%Co -100m 5m @ 0.9% Cu, 0.05%Co 14.5m @ 0.3% Cu, 0.05%Co -150m 25m
Slide 12: Cross Section 31000E – Rotten Hill
Cross Section 31000E – Rotten Hill SSW LBDD003 LB023DD Planned Drillhole NNE For personal use only No Outcrop -100m 100m -200m 100m 324.5m 375.9m -300m 500m
Slide 13: Copper & Gold in surface rockchips at Polly
Huckitta Project Area Copper & Gold in surface rockchips at Polly For personal use only Copper Gold Polly Cu Trend >2.5km Up to 8.4%Cu Polly Cu Trend >2.5km Up to 0.6 g/t Au North extension of Basil Surface Rockchip/Lag Surface Rockchip/Lag >1.0% Cu >1.0 g/t Au 0.1%Cu to 1.0%Cu 0.1g/t Au to 0.5g/t A
Slide 14: Huckitta Project – Lizzie Creek VTEM
Huckitta Project – Lizzie Creek VTEM For personal use only Surface Rockchip/Lag Treasure JV (MTH earning 80%) >1.0% Cu 0.1%Cu to 1.0%Cu Large VTEM anomaly Baldrick 0.03%Cu to 0.1% Cu similar setting to Basil 2.3%Ni, 2.4%Cu <0.03%Cu 2010 VTEM 4 km COVERAGE Blackadder 2009 3.8%Ni, 9.6%Cu VTEM COVERAGE
Slide 15: Huckitta Project - Copper and Nickel Prospects
Huckitta Project - Copper and Nickel Prospects VTEM coverage on magnetics For personal use only Surface Rockchip/Lag Treasure JV (MTH earning 80%) >1.0% Cu 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu <0.03%Cu 2010 VTEM 4 km COVERAGE Blackadder 2009 3.8%Ni, 9.6%Cu VTEM COVERAGE (MTH 1
Slide 16: Blackadder-Baldrick Nickel Prospects
Blackadder-Baldrick Nickel Prospects Satellite Image For personal use only 2.3%Ni, 2.4%Cu BALDRICK BARC006 BARC007 8m @ 0.26%Ni and 0.13%Cu 9m @ 0.48%Ni and 0.37%Cu 1.0%Ni, 1.5%Cu EL 25346 EL 25453 3.8%Ni, 9.6%Cu 1.7g/tPGEs, 25g/tAg BARC002 2m @ 0.12%Ni BARC003 q Initial drilling validates nickel po
Slide 17: 2010 Planned Work Program
2010 Planned Work Program For personal use only ACTIVITY Jul Aug Sep Oct Nov Dec Geology/Mapping Ground Geophysics Clearance Surveys Drilling q Drilling underway at Basil South (4000m program) q Targeting beneath surface mineralisation and untested EM anomalies q Drilling planned for Polly and Basil
Slide 18: Pardoo Project – WA
Pardoo Project – WA Mithril earning up to 65% from Segue Resources For personal use only Supply Well 1m @ 1.9%Ni 1m @ 17%Zn Highway - Inferred Resource of 50Mt at 0.3%Ni, 0.13%Cu, 0.03%Co (JORC-compliant)
Slide 19: East Pilbara Projects on Magnetics
East Pilbara Projects on Magnetics For personal use only q Mithril has increased its PARDOO footprint in the East Pilbara Pardoo through four new ELAs (Atlas) Shay Gap (Jupiter) Goldsworthy Poondana (BHPB) q Focus on nickel potential of (Polaris) Yarrie (BHPB) prospective ultramafic (‘UM’) horizons
Slide 20: Pardoo Nickel Project
Pardoo Nickel Project Mithril Earning up to 65% from Segue Resources Ltd Objectives For personal use only q Identify higher grade zones (>1% nickel) within and around the Highway Deposit Supply Well q Discover new mineralisation outside the existing resource area q Evaluate processing options for Hi
Slide 21: Pardoo Nickel Project Highway Long Section
Pardoo Nickel Project Highway Long Section For personal use only Planned Drilling 2010 Planned drilling
Slide 22: For personal use only
Planned drillhole (off-section 100m S) For personal use only 100m 200m 300m
Slide 23: Mithril, Independence and Goldsearch Join Forces to Unlock Musgrave Potential
MITHRIL, INDEPENDENCE AND GOLDSEARCH JOIN FORCES TO UNLOCK MUSGRAVE POTENTIAL For personal use only Mithril (100%) q A Musgrave focussed explorer with Independence/Goldsearch ~50,000km2 of exploration interests Mithril/PMC-Zeil no1 JV Mithril/Integra JV Mithril/Argonaut JV Mithril/Barrick JV
Slide 24: Musgrave Minerals Limited
Musgrave Minerals Limited q Mithril, Independence and Goldsearch have agreed to join forces to accelerate For personal use only exploration in the highly prospective Musgrave region of South Australia by forming Musgrave Minerals Limited q Musgrave Minerals will be a dedicated mineral explorer in th
Slide 25: Musgrave Region – South Australia
Musgrave Region – South Australia Priority Tenements, Gilles Complex and Mineral Occurrences For personal use only Wingellina, Claude Hills q Focus on nickel-copper sulphides & PGE deposits Interpreted Giles Complex q Potential for Cu-Au, Zn-Pb, Fe-V and REE’s Mt Alvey Mt Caroline Tuckerbox Sill Mt
Slide 26: 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 VANADIUM-MAGNETITE Grab samples to 0.83%V205, 55.1%Fe
Slide 27: Independence/Goldsearch EL 3955 Nickel in Soil Geochemistry Results
Independence/Goldsearch EL 3955 Nickel in Soil Geochemistry Results For personal use only Independence Group Projects TUCKERBOX Wanka Wanka Sill Gridded regional soil sampling (Ni values)
Slide 28: Summary
Summary Mithril Resources Limited For personal use only q Mithril is a frontier explorer with a highly experienced team that combines advanced technology with traditional exploration to deliver exploration success q Basil is a new copper discovery on 100% held ground that has the potential to delive
Slide 29: Important Notices
IMPORTANT NOTICES 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 pa