Mithril Silver And Gold Limited · ASX:MTH

Mithril Silver And Gold — Mithril Resources — Investor Presentation (February 2017)

21 slides from Mithril Silver And Gold's investor presentation, February 2017

  1. Slide 1: Mithril Resources Ltd

    MITHRIL RESOURCES LTD 7" 4

  2. Slide 2: Actively exploring base metal projects

     Actively exploring 3 base metal projects  JV Partners advancing other projects  Strongly leveraged to growth in commodity prices  Resource inventory¹ - 264Kt copper / 13Kt cobalt / 55Koz gold 2 ¹ Wholly owned and attributable JORC Resources – see Notes Specific

  3. Slide 3: Copper, Nickel, Cobalt projects

    +35% last 12 months Stark Prospect Copper Basil Deposit (151,050t metal) Nanadie Well Deposit (113,629t metal¹) +34% last 12 months Mexi Prospect Nickel Coompana Project +94% last 12 months Cobalt Basil Deposit (13,356 tonnes metal) 3 ¹ Attributable JORC Resources – see Notes Specific

  4. Slide 4: Upcoming exploration activities

     Mexi Nickel Prospect – EM Survey to commence shortly  Stark Copper Prospect – EM Survey planning underway  Coompana Project – Target generation underway  Basil Copper Cobalt Deposit – Exploring options to unlock value 4

  5. Slide 5: A new opportunity: Mexi, Kalgoorlie District

     A new opportunity  Mithril 100%  Kalgoorlie District, WA  9km north of Silver Swan Deposit  No previous effective drilling 5

  6. Slide 6: Nickel-copper surface anomaly and magnetic image

     Strong magnetic anomaly  Ultramafic host rocks  600 x 300m nickel - copper anomaly at surface Copper surface anomaly (green) Nickel surface anomaly (blue) Magnetic image showing ultramafic basal contact, 500 metres 6 Ni – Cu surface anomaly and drillholes

  7. Slide 7: Broad zone of nickel-copper-PGEs in weathered ultramafic

     Broad zone of nickel - copper - PGE’s in weathered ultramafic  Indicative of nickel sulphides at depth  EM survey to define nickel sulphide drill targets to commence shortly 7

  8. Slide 8: TMI Image – South Australia

    Adelaide TMI Image – South Australia 8

  9. Slide 9: Coompana: first mover advantage, OZ Minerals funding

     Nickel - copper - PGE’s  First mover advantage in a greenfields province  OZ Minerals paying Mithril to generate drill targets  On decision to drill Mithril can earn 20% by:  funding $0.4M of a $2M drill program with balance funded by OZ  OZ underpins Mithril capital raising in support of dri

  10. Slide 10: Coompana Project government data acquisition

     State and Federal Government funded pre-competitive data acquisition throughout area  Detailed gravity and drilling program currently underway  Significant amount of work will occur on Coompana  Mithril will refine its targets following receipt of new data Coompana Project boundary (green) Plan

  11. Slide 11: Nanadie Well JV

     Nanadie Well JV  Mithril earning up to 75%  80km SE of Meekatharra, WA  Big copper system - over 1.5km strike  Limited drilling  Open in all directions  Project includes the Nanadie Well Copper Deposit - 151kt copper / 74Koz gold 11

  12. Slide 12: Stark: broad zones of copper-PGEs

     Mafic host rocks  Broad zones of copper - PGE’s  Up to 13.7% copper, 1.62% nickel, 3.94g/t PGE’s  EM survey planning underway 12

  13. Slide 13: Untested DHEM conductor

    Untested 6,000S off hole DHEM conductor 13

  14. Slide 14: Basil Copper-Cobalt Deposit

     Mithril 100%  150km east of Alice Springs, NT  151Kt copper, 13Kt cobalt metal  Resource lies within 10km long mineralised trend  Remains open along strike / down dip  Exploring options to unlock value Basil sulphides in drill core Basil Gossan “Rotten Hill” at surface (red polygon) 14

  15. Slide 15: JV partner gold and lithium projects

     Doray Minerals (DRM:ASX) earning up to 85% at Duffy Well  Evaluating gold targets  Chesser Resources (CHZ:ASX) earning up to 80% at Kurnalpi  New gold targets identified  Corona Minerals 65% at Spargos Reward  Evaluating gold and lithium targets 15

  16. Slide 16: Planned exploration timeline

    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mexi EM Survey Mexi Drilling Coompana Gravity Coompana Drilling Coompana Target Generation Coompana Drilling Stark EM Survey Stark Drilling 16 *Timing and programs subject to Board and Statutory Approvals (incl. Far West Coast Aboriginal Corporation fo

  17. Slide 17: Overview, Directors and Management

    Overview Directors and Management Shares on issue 686M Graham Ascough Non Executive Chairman Options (unlisted) 15.3M David Hutton Managing Director Market Cap (@ 0.5c) $3.43M Non Executive Director & Donald Stephens Cash (end Dec 16 Qtr.) $0.53M Company Secretary Debt $0 Jim McKinnon-Matthews Geolo

  18. Slide 18: Basil and Nanadie Well resource tables

    Basil Copper Deposit (MTH 100%) Copper cut off Contained copper Contained cobalt JORC Category Tonnes (Mt) Copper (%) Cobalt (ppm) grade (%) (tonnes) (tonnes) Inferred 0.3 26.5 0.57 504 151,050 13,356 Inferred 0.1 90.0 0.28 309 252,000 27, 810 The Basil Copper Deposit Inferred Mineral Resource of 26

  19. Slide 19: Further details: previous ASX announcements

    Further details (including JORC 2012 Code Reporting Tables, where applicable) for the information included in this Presentation can be found in the following announcements previously lodged with the ASX: • Chesser Resources Kurnalpi Exploration Update - 31.01.2017 • Drilling identifies new nickel pr

  20. Slide 20: Competent Persons Statement and disclaimer

    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 Mithril has no reason to believe t

  21. Slide 21: Contact details

     Website : www.mithrilresources.com.au  Address : 22B Beulah Road, Norwood SA 5067  Email : dhutton@mithrilresources.com.au  Phone : 08 8132 8800 @MTHResources 21

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