Slide 1: New drill targets at Stark
Mithril Resources (ASX: MTH) For personal use only New drill targets at Stark David Hutton | Managing Director | 12 May 2015
Slide 2: Company Snapshot
Company Snapshot For personal use only WA Goldfields Focussed on Stark Copper-nickel-PGE’s Stark Slide 2
Slide 3: Stark Snapshot
Stark Snapshot Large magmatic copper-nickel-PGE mineral system For personal use only Drilled mineralisation over 1 kilometre strike length High Grade Massive and disseminated sulphides Up to 13.7% copper, 1.62% nickel, 3.94g/t PGE’s Successful detection technique EM Geophysics “sees” t
Slide 4: Location
Location 80kms SE of Meekatharra For personal use only JV with Intermin Resources (ASX: IRC) MTH can earn 60% by spending $2M by April 2018 MTH can earn an additional 15% by spending a further $2M by April 2020 In total – 75% by spending $4M over 6 years Newly granted 100% - owned teneme
Slide 5: Ground EM results
Ground EM results For personal use only Late time FLEM conductor extends south of previous drilling Slide 5
Slide 6: Downhole EM results
Downhole EM results New off hole conductors For personal use only Geophysical signatures consistent NRC14003, 008, and NDD15001 with massive sulphides (2,000 – NDD15002 3,000S) No “false” conductors in previous drilling Long section (looking west) showing drill hole traces and off hole conduct
Slide 7: New drill targets
New drill targets For personal use only Slide 7
Slide 8: New drill targets
New drill targets Lie on prospective “basal” contact For personal use only of mafic intrusion Little, if any drill testing Priority for follow up Relative position of 2,000S off hole conductor drill targets New drill targets (blue polygons) superimposed on 6,994,050N cross section (NRC14003, 0
Slide 9: Regional targets
Regional targets New 100% - owned tenements For personal use only Over 40 kilometres of prospective rocks No previous exploration for magmatic copper-nickel-PGE’s Minimal cover Easy access Multiple targets defined from regional magnetics Slide 9
Slide 10: What next for Stark?
What next for Stark? Complete interpretation and modelling of new For personal use only geophysical data Plan follow-up drillholes Ground reconnaissance and “gossan hunting” of regional targets Slide 10
Slide 11: Company Snapshot
Company Snapshot For personal use only WA Goldfields Focussed on Stark Copper-nickel-PGE’s Stark Slide 11
Slide 12: Appendix 1. Corporate Summary
Appendix 1. Corporate Summary For personal use only Overview Directors and Management Shares on issue 421 million Graham Ascough Non Executive Chairman Options (unlisted) 22.1 million David Hutton Managing Director Market Cap $2.52M Non Executive Director & Donald Stephens Cash (31/03/2015) $0.70M C
Slide 13: Appendix 2. Spargos Reward
Appendix 2. Spargos Reward Corona Minerals to earn up to 85% of the Spargos Reward Project (excluding MEP’s Ni Rights) For personal use only Agreement Terms: Corona will purchase a initial 50% interest for A$100,000 cash, payable on completion of due diligence within 30 days of signing the agr
Slide 14: Appendix 2. Spargos Reward
Appendix 2. Spargos Reward For personal use only Slide 14
Slide 15: Appendix 3. JORC Information
Appendix 3. JORC Information Nanadie Well Copper Deposit (MTH earning 75%) For personal use only 2004 JORC Code Tonnes Copper % Gold ppm Contained Copper (tonnes) Contained gold (ounces) Classification (Mt) Inferred 36.07 0.42 0.064 151,506 74,233 Refer to Intermin Resources’ ASX Announcement “Ini
Slide 16: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement 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 For personal use only good faith. Certain information in this document has been derived
Slide 17: Contact Details
Contact Details For personal use only Website – www.mithrilresources.com.au Email – admin@mithrilresources.com.au Phone – 08 8378 8200 Follow us on MithrilResources@MTHResources Slide 17