Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Shareholder Meeting (February 2011)
27 slides from Mithril Silver And Gold's shareholder meeting presentation, Feb 14, 2011
Slide 1: General Meeting
For personal use only GENERAL MEETING February 14th, 2011 Huckitta Exploration Camp 2010 ASX:MTH www.mithrilresources.com.au Please note the important disclaimer and competent person’s statement at the end of this presentation
Slide 2: Overview and Agenda
Overview AGENDA For personal use only M ithril is a base m etal ex plorer w ith a highly ex perienced 1. Huckitta team that com bines advanced technology w ith traditional ex ploration to deliver success in frontier (greenfield) areas. 2. East Pilbara 3. Sandstone East Pilbara Huckitta (Harts Range)
Slide 3: Placement Summary
Placement Summary q Announced December 15th, 2010 For personal use only q Placement of 100M new shares at $0.12/share to raise $12M, to be completed in 2 tranches; § Tranche 1 – 17,882,325 (allotted on December 24th 2010) § Tranche 2 – 82,117,675 (subject to shareholder approval on Feb 14th, 2011)*
Slide 4: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals An emerging mineral province 2008 For personal use only q One mineral occurrence q No drilling q No drill ready targets 2010 q Significant and growing Cu discovery q Three new Au prospects discovered q Pipeline of drill ready targets 2011 q Extensive drilling program
Slide 5: Huckitta Project and Prospects
Huckitta Project and Prospects Surface rockchip samples 50 km For personal use only Tibbs Baldrick 13.9g/t Au, 0.7%W 2.3%Ni, 2.4%Cu Plenty Highway Yoda Blackadder 15.4g/t Au 3 .8%Ni, 9.6%Cu Yambah Project Manuel Tenements 8.6%Cu, 0.18gpt Au Sybil 0.9% Cu, 0.1% Zn Hale River 13% Cu, 2.9g/tAu Flashhea
Slide 6: Huckitta Project – Planned Drilling
Huckitta Project – Planned Drilling For personal use only • Drilling scheduled to commence March 2011 Tibbs Prospect • ~10,000m diamond and RC drilling planned for Basil, Manuel and Polly Prospects targeting higher grade Cu-Co mineralisation Basil, Manuel, Polly • Over 8000m aircore/RC 10,000m drill
Slide 7: Huckitta Project – Planned VTEM surveys
Huckitta Project – Planned VTEM surveys For personal use only • VTEM Proven successful • Basil • Manuel • Gertrude • IVT40 • Sybil • Tibbs • Effective regionally and primary target generation technique • 750km2 of coverage Planned VTEM planned with extensive Surveys Previous ground follow-up in 2011
Slide 8: Huckitta: Copper, Gold & Nickel Prospects
Huckitta: Copper, Gold & Nickel Prospects Tibbs Treasure JV New Prospect For personal use only Cu and Au anomalism (MTH earning 80%) Surface Rockchip/Lag with VTEM anomaly Baldrick >1.0% Cu 2.3%Ni, 2.4%Cu 0.1%Cu to 1.0%Cu Gatsby 0.03%Cu to 0.1% Cu Cu and Co anomalism with VTEM anomaly <0.03%Cu 5 km
Slide 9: Basil Prospect
Basil Prospect Magnetics and Gravity For personal use only 2.0km Polly Prospect Basil Mineralised Trend Large untested gravity anomaly under thin cover Rotten Hill Zone Up to 59.1m @ 0.63%Cu Manuel Prospect Multiple Cu-Co mineralised intercepts Untested VTEM anomaly
Slide 10: Huckitta: Basil Copper Prospect (South)
Huckitta: Basil Copper Prospect (South) Highlights, Targets & Planned Drilling OPEN – mapped mineralisation for 8km LB012RC 41m @ 0.6 % Cu, 0.04% Co For personal use only LB025DD 56m @ 0.52% Cu, 0.06% Co LB035DD 59.1m @ 0.63% Cu, 0.07% Co Including 13m @ 0.89% Cu, 0.05% Co LB027DD 29m @ 0.66 % Cu, 0
Slide 11: Manuel Drill Targets 2011
Huckitta Project Manuel Drill Targets 2011 For personal use only Basil - 5km West Drill ~100m downdip of LB032DD – Massive Sulphide Breccia 0.2m @ 4.68% Cu, 307ppm Co Subject to Ground EM results 4 holes will further test 2 holes are planned into this the central Manuel mineralisation untested Miner
Slide 12: Tibbs gold-tungsten-copper gossan
Tibbs gold-tungsten-copper gossan (Au-W-Cu) For personal use only Marble Gossan 4.6g/t Au, 0.5% W, 0.1% Cu 2m Felsic Gneiss
Slide 13: Tibbs Au-W-Cu Prospect Planned Program
Tibbs Au-W-Cu Prospect Planned Program LEGEND MTH 100% For personal use only 10 + g/t Au Oklo JV (MTH 60%) 1 to 10 g/t Au 0.1 to 1 g/t Au 0.01 to 0.1 g/t Au Planned aircore - 0.01 g/t Au drill holes Marble outcrop VTEM anomaly Planned drill hole See enlarged map Electromagnetic (EM) Anomalies Host L
Slide 14: Tibbs Au-W-Cu Prospect Planned Drilling Program
Tibbs Au-W-Cu Prospect Planned Drilling Program Planned aircore LEGEND For personal use only 10 + g/t Au drill holes 1 to 10 g/t Au 0.1 to 1 g/t Au 0.01 to 0.1 g/t Au - 0.01 g/t Au Marble outcrop VTEM anomaly Host Limestone Planned AC drill hole Extensive mapping and 0.98 g/t Au Planned RC drill hol
Slide 15: Percy Gold Prospect
Percy Gold Prospect • 120 shallow aircore drillholes For personal use only planned to assess Gold and Ni- Cu-PGE potential • Drilling to commence in March 2011 VTEM anomaly - untested • Broad sampling has identified Ni-Cu-PGE mineralised Gabbros anomalous Ni-Cu-PGEs and gold to 1.4g/t • Area largely
Slide 16: Percy Prospect – Gold and Nickel Target
Percy Prospect – Gold and Nickel Target Aircore Drilling Program For personal use only Ni-Cu-PGE mineralised Gabbros Did not reach basement 0.4g/t Au 1.5g/t Au Basement samples (<2.5m) <10ppbAu 0.27g/t Au >10ppbAu Planned aircore drillhole Ni-Cu-PGE anomalous gabbros 200m
Slide 17: Yoda Gold, Copper Prospect
Yoda Gold, Copper Prospect For personal use only EL25451 (Oklo JV – MTH 60%) 15.4g/tAu, 0.4%Cu Mineralised horizon 4.8g/tAu 0.3g/tAu, 0.1%Cu 0.05g/tAu, 2.5%Cu EL25451 (Oklo JV – MTH 60%) 1km EL28336 (MTH - 100%)
Slide 18: Blackadder-Baldrick Nickel Prospects
Blackadder-Baldrick Nickel Prospects Satellite Image For personal use only BALDRICK BARC007 9m @ 0.48%Ni and 0.37%Cu BARC006 8m @ 0.26%Ni and 0.13%Cu 2.3%Ni, 2.4%Cu EL 25346 1.0%Ni, 1.5%Cu EL 25453 q Initial drilling validates nickel potential q Multiple nickel targets to be tested 3.8%Ni, 9.6%Cu 1.
Slide 19: Baldrick Ni-Cu Prospect – Gravity Target
Baldrick Ni-Cu Prospect – Gravity Target Gravity anomaly down plunge For personal use only of mineralisation - Target Baldrick Intrusion Significant Ni-Cu sulphides on basal contact
Slide 20: Target Pipeline to Potential Development
Huckitta Project Target Pipeline to Potential Development TARGET STYLES For personal use only Multiple extensive Cu – Co geophysical (VTEM) anomalies on Basil structural break Manuel West under cover Sybil Gatsby Manuel, Basil, Polly IVT 10 High Priority 17, 20, 61, 45 Basil Basil geophysical target
Slide 21: Huckitta: Project Objectives for 2011
Huckitta: Project Objectives for 2011 Expand Basil and Discover ‘Higher’ Copper Grades For personal use only Drill Test § Basil Gravity Target § Down-dip and Strike Extension of Basil § Dill test DHEM anomalies at Polly § Drill test DHEM anomalies at Manuel § Camp East Magnetic-Gravity feature Disco
Slide 22: East Pilbara Tenement Locations
East Pilbara Tenement Locations Four granted tenements and two For personal use only applications totalling 695km2 Prospective for nickel, copper, iron ore & gold Port Hedland P ardoo (Atlas) Initial field program in 2010 identified new Ni-Cu gossans with Goldsw orthy visible sulphides at surface (B
Slide 23: Sandstone Project, WA
SANDSTONE PROJECT, WA Greenstone Belt • Four tenements granted in late E57829 For personal use only December 2010 Mithril’s EL Fault • Greenstone belts are highly Western Areas E57828 Nickel Prospect prospective for nickel and gold SANDSTONE 10k mineralisation GREENSTONE BELT • Review of previous ex
Slide 24: Musgrave Minerals Limited initiative
For personal use only q An initiative by M ithril, I ndependence and Goldsearch q Barrick (PD) Australia Limited, Integra Mining & Argonaut Resources have also agreed to vend their Musgrave interests to Musgrave Minerals and will be cornerstone investors q The six companies have agreed to join force
Slide 25: Musgrave focussed explorer
For personal use only Lyta Ni Target EL3942 (feeder dyke) area Moorilyanna Cu Prospect A M usgrave focussed ex plorer consolidating ~50,000km 2 of ex ploration interests M ithril to hold ~10% interest
Slide 26: Mithril Resources Limited - Summary
Mithril Resources Limited - Summary For personal use only Ø STRONG PROJECT PORTFOLIO q Huckitta, NT – Drilling Underw ay in M arch An emerging new mineral province where Mithril has made a new copper-cobalt discovery and developed a number of drill-ready copper, gold and nickel targets q East Pilbar
Slide 27: Important Notices - Disclaimer
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
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