Slide 1: Mining the Territory Conference Presentation
For personal use only Conference Presentation Mining the Territory Darwin, 19th September 2012 David Hutton, Managing Director IRON OXIDE COPPER GOLD CONFIRMED AT ILLOGWA
Slide 2: Disclaimer
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 parties and though M
Slide 3: Investment Summary
Investment Summary For personal use only People Well credentialed “boots on ground” technical and management team Projects Highly prospective (copper – gold) project with First Mover advantage 151Kt copper metal Resource Inventory Strong pipeline of new targets to be drill tested in 2012 Process Str
Slide 4: Corporate Summary
Corporate Summary (ASX: MTH) For personal use only Shares on Issue - 219.6 million (Options on issue – 19.3M) Cash - $5.55M (at 30 June 2012) Market Capitalisation - $16.47M (at 7.5 cents) Investments - $0.83M (Mithril holds 7.68% of Musgrave Minerals Limited ASX:MGV) Top 40 Shareholders hold 49% (M
Slide 5: Outstanding Exploration Portfolio
Outstanding Exploration Portfolio For personal use only 7,422kms² total project area with clear Central Australia and Eastern Goldfields focus 2012 Primary Focus is copper – gold exploration at the Illogwa IOCG Target Area (Huckitta Project) Page 5
Slide 6: Central Australia focus
Central Australia focus For personal use only Page 6
Slide 7: Huckitta Project (MTH - 100% and JV's)
Huckitta Project (MTH - 100% and JV’s ) For personal use only 4,671kms² area - located 150kms east of Alice Springs, NT Good road and track access Plenty Highway Copper, gold and nickel prospectivity 100% - owned Basil Copper Deposit (26.5Mt @ 0.57% copper, 0.05% cobalt – 151Kt copper metal) demonst
Slide 8: Huckitta Project – prospect locations
Huckitta Project – prospect locations For personal use only Page 8
Slide 9: Illogwa IOCG Target Area
Illogwa IOCG Target Area For personal use only 500kms² Iron Oxide Copper Gold (IOCG) mineral province approximately 30 kms south of Basil Deposit Joint venture between Mithril (80%) and Cazaly (20%) – Cazaly contributing Critical role of Northern Territory Geological Survey outcropping copper – gold
Slide 10: Illogwa IOCG Target Area - Magnetics
Illogwa IOCG Target Area - Magnetics For personal use only Page 10
Slide 11: Illogwa IOCG Target Area - Geology
Illogwa IOCG Target Area - Geology For personal use only Page 11
Slide 12: Bigglesworth Prospect – looking west
Bigglesworth Prospect – looking west For personal use only Copper rich veins in granite Altered granites Altered granites Page 12
Slide 13: Austin Prospect – outcropping copper
Austin Prospect – outcropping copper For personal use only Outcropping ridge of hematite veining in altered granites (looking east) Malachite (copper) mineralisation (green) in hematite vein Altered granite Hematite-silica veins Page 13
Slide 14: Drilling – confirms IOCG system
Drilling – confirms IOCG system For personal use only APDD002 – 42.00 to 42.20 metres 5 cms APDD002 – 40.00 to 40.20 metres APDD002 – 42.30 to 42.50 metres Page 14
Slide 15: Drilling – confirms IOCG system
Drilling – confirms IOCG system For personal use only 5cms APDD002 (above) – 33.40 to 33.60 metres APDD002 – 65.20 to 65.40 metres Copper sulphide APDD002 – 65.60 to 65.72 metres 5cms Page 15
Slide 16: El Gordo Prospect – outcropping copper
El Gordo Prospect – outcropping copper For personal use only Shear hosted hematite-silica alteration +/- copper mineralisation mapped over 800m (Looking South West) Page 16
Slide 17: Mini Me Prospect – outcropping copper
Mini Me Prospect – outcropping copper For personal use only Up to 7.8% copper, 1.5g/t gold from outcropping vein of chalcopyrite (copper sulphide) mineralisation within a broad silica – haematite alteration zone (Looking East) Page 17
Slide 18: Mithril Planned Activities and News flow
Mithril Planned Activities and News flow For personal use only Project Activity Aug Sep Oct Nov Dec Jan Feb Mar Drilling VTEM Survey Illogwa IOCG Copper Gold Ground EM Follow up drilling (Note 1) Stream sediment sampling Huckitta (MMG) JV Nickel Ground EM Spargos Reward Drilling (Note 2) Gold Note 1
Slide 19: Investment Summary
Investment Summary For personal use only People Well credentialed “boots on ground” technical and management team Projects Highly prospective (copper – gold) project with First Mover advantage 151Kt copper metal Resource Inventory Strong pipeline of new targets to be drill tested in 2012 Process Str
Slide 20: Addendum
Addendum For personal use only Basil Copper Deposit MMG Option and JV Agreement Page 20
Slide 21: Basil Copper Deposit – Resource Inventory
Basil Copper Deposit – Resource Inventory For personal use only Resource estimated for the 3km long, most intensely drilled portion of the 10km long Basil mineralised trend (Refer to ASX Announcement 21 March 2012) Significant tonnage upside JORC Copper cut off Contained copper Contained cobalt Tonn
Slide 22: Basil Copper Deposit – drill core
Basil Copper Deposit – drill core For personal use only Page 22
Slide 23: Basil Copper Deposit – drill core
Basil Copper Deposit – drill core For personal use only Page 23
Slide 24: MMG – Nickel Option and JV Agreement
MMG – Nickel Option and JV Agreement For personal use only Option and JV Agreement on all Mithril - wholly owned tenements at Huckitta. Nickel rights only with Mithril retaining rights to all other minerals MMG to earn 51% by completing $4M in Exploration. MMG may earn an additional 29% (total 80%)
Slide 25: For further information
For personal use only For further information: David Hutton – Managing Director admin@mithrilresources.com.au 08 8378 8200