Slide 1: Mithril Resources Presentation - Graham Ascough
For personal use only Presented by Graham Ascough Managing Director May 3rd, 2011 Huckitta Exploration Camp ASX:MTH www.mithrilresources.com.au Please note the important disclaimer and competent person‟s statement at the end of this presentation
Slide 2: Mithril Resources Ltd – Summary
Mithril Resources Ltd – Summary Mithril is a base metal explorer with a highly experienced team that For personal use only combines advanced technology with traditional exploration to deliver success in frontier (greenfield) areas. Capital Structure East Pilbara Nickel–copper targets Huckitta (Harts
Slide 3: Musgrave Minerals Float (ASX: MGV)
Musgrave Minerals Float (ASX : MGV) For personal use only Mithril is one of six mining companies to vend tenements to MGV Successful IPO raises $20M in April 2011 Mithril is a substantial shareholder with 7.67% of issued/escrowed capital Company lists with ~$30M market cap Drilling to comm
Slide 4: 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 Yoda 2.3%Ni, 2.4%Cu 21.5g/t Au Plenty Highway Blackadder Gatsby 3 .8%Ni, 9.6%Cu Yambah Elevated Cu-Co Project Manuel Tenements 8.6%Cu, 0.18gpt Au Sybil 0.9% Cu, 0.1% Zn Hale River 13%
Slide 5: Huckitta Project - Fundamentals
Huckitta Project - Fundamentals An emerging mineral province 2008 For personal use only One mineral occurrence No drilling No drill ready targets 2010 Significant and growing Cu discovery 16+ new mineral occurrences Pipeline of drill ready targets 2011 Equity placement results in stron
Slide 6: Huckitta: Basil Copper Prospect (South)
Huckitta: Basil Copper Prospect (South) 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, 0.07% Co Drilled LB023DD 131.6m @ 0.3% C
Slide 7: Huckitta: Copper, Gold & Nickel Prospects
Huckitta: Copper, Gold & Nickel Prospects Surface Rockchip/Lag Tibbs For personal use only Au over 3km strike to >1.0% Cu 13.9g/t Treasure JV (MTH earning 80%) 0.1%Cu to 1.0%Cu Baldrick 0.03%Cu to 0.1% Cu 2.3%Ni, 2.4%Cu Gatsby <0.03%Cu Cu and Co anomalism 5 km with VTEM anomaly Blackadder Sybil Poll
Slide 8: 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 9: Huckitta Project – 2011 Planned Drilling
Huckitta Project – 2011 Planned Drilling For personal use only Yoda Gold Prospect • Drilling Underway • ~10,000m diamond and Tibbs Gold Prospect RC drilling planned for Basil, Manuel and Polly Prospects targeting higher grade Cu-Co Basil, Manuel, Polly mineralisation 10,000m diamond drilling • Over
Slide 10: 'IOCG' Target Area – Sammy JV, Huckitta
‘IOCG’ Target Area – Sammy JV, Huckitta For personal use only March 2011 NTGS announces the Gravity / geochem identification of “regional scale surveys underway widespread fluorite rich fluid flow associated with hematite, pyrite hematite and copper sulphides” +/- fluorite altered granites April
Slide 11: Rock samples from 'IOCG' target area
Rock samples from ‘IOCG’ target area Fluorite Hematite Fluorite For personal use only veins Hematite veins in altered granite Altered granite Hematite-silica veins
Slide 12: 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 Yoda 2.3%Ni, 2.4%Cu 21.5g/t Au Plenty Highway Blackadder Gatsby 3 .8%Ni, 9.6%Cu Yambah Elevated Cu-Co Project Manuel Tenements 8.6%Cu, 0.18gpt Au Sybil 0.9% Cu, 0.1% Zn Hale River 13%
Slide 13: Tibbs Gold Prospect - Planned Drilling Program
Tibbs Gold Prospect Planned Drilling Program LEGEND Planned aircore 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 marble Planned drill hole Extensive mapping and 0.98 g/t Au sampling planned 6.35 g/t Au
Slide 14: 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 21.5g/tAu, .09%Cu 4.8g/tAu 0.3g/tAu, 0.1%Cu 0.14g/tAu, 2.5%Cu EL25451 (Oklo JV – MTH 60%) 1km EL28336 (MTH - 100%)
Slide 15: 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 Initial drilling validates nickel potential 3.8%Ni, 9.6%Cu 1.7g/tPGEs, 25g/tAg BARC002 Multiple ni
Slide 16: Huckitta Ni-Cu-PGE - Gertrude Prospect
Huckitta Ni-Cu-PGE - Gertrude Prospect Eight Ni-Cu-PGE prospects For personal use only identified to date with magmatic sulphides High Priority VTEM Anomaly Multiple discrete nickel sulphide targets identified under thin cover over the project area that are currently being drill tested Mineralis
Slide 17: Huckitta: Project Objectives for 2011
Huckitta: Project Objectives for 2011 Expand Basil and Discover ‘Higher’ Copper Grades For personal use only Drill Test Down-dip and Strike Extension of Basil Dill test DHEM anomalies at Polly Drill test DHEM anomalies at Manuel Discover New Nickel Deposit Drill Test Baldrick Gravity Anomaly
Slide 18: 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 Pardoo (Atlas) Initial field program in 2010 identified new Ni-Cu gossans with Goldsworthy visible sulphides at surface (BHP
Slide 19: East Pilbara Project - Cattle Well Tenements
East Pilbara Project - Cattle Well Tenements Surface Rockchip Results For personal use only GORGE PROSPECT •Chalcopyrite at surface •Up to 27%Cu, 0.4%Ni ,37g/t Ag •Multiple mineralised horizons E45 / 3457 COONGAN PROSPECT >20%Pb, 127g/t Ag NEW PROSPECT up to 0.7%Cu, 0.1%Ni, 42ppb Pt+Pd Granite Prosp
Slide 20: Sandstone Project, WA
SANDSTONE PROJECT, WA Tenement Granted Feb 2011; nickel-copper For personal use only Tenement Application gossan over 30m of strike returning up to 0.48%Ni, 0.22%Cu at base of Sandstone ultramafic unit Greenstone Belt Ground EM, mapping and Maynard Hills Greenstone Belt geochemical sampling plan
Slide 21: Mithril Resources Limited - Summary
Mithril Resources Limited - Summary STRONG PROJECT PORTFOLIO For personal use only Huckitta, NT – Drilling Underway 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 East Pilbara & Sandsto
Slide 22: 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
Slide 23: Mithril Resources Ltd
MITHRIL RESOURCES LID