Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Investor Presentation (September 2021)
25 slides from Mithril Silver And Gold's investor presentation, Sep 1, 2021
Slide 1: Copalquin Mining District, Mexico
ASX:MTH Copalquin Mining District, Mexico Investor Presentation September 2021
Slide 2: Important Information
Important Information The release, publication or distribution of this presentation in certain jurisdictions may COMPETENT PERSON be restricted by law and therefore persons in such jurisdictions into which this The information in this report that relates to sampling techniques and data, exploration
Slide 3: Company Statement
Company Statement CDH-079 12.4m 7.6 g/t Au, 332 g/t Ag from 86.6m • To become a highly profitable producer of gold and silver LONG TERM GOAL from high-grade resources • Discovery of a high-grade gold and silver deposit in our Copalquin District IN PROGRESS • Located in prolific Sierra Madre Gold Sil
Slide 4: Investment Highlights
Investment Highlights Tier 1 Location • Sierra Madre Trend is home to multiple gold-silver producers and explorers - mature minerals industry Entire Mining District • Mithril’s Copalquin District covers 70 km2 with over 60 historic mines/workings Path to Production • Maiden resource estimate Q4 2021
Slide 5: Corporate
Corporate Corporate Share Price Performance ASX Ticker MTH 120 $0.0250 Share Price (31 August 2021) A$0.017 Shares on issue* 2,350m 100 $0.0200 Options & Perf. Rights 33.3m Market cap (undiluted)* A$40m 80 Share Volume (M) Debt A$0.00 $0.0150 Cash (end June Qtr 2021)* A$2.9m 60 $0.014 - 6 month trad
Slide 6: Mithril’s Mexico Focus – Gold and Silver in the Sierra Madre
Mithril’s Mexico Focus – Gold and Silver in the Sierra Madre Plus $1Bn Mining Companies in Mexico* Au Exposure to both gold and silver. Copalquin is a silver district with Newmont Corporation Grupo Mexico Ag Franco-Nevada Corporation high gold grades Wheaton Precious Metals Co Agnico Eagle Mines Lim
Slide 7: History of Copalquin District
History of Copalquin District • First mining took place in 1849 at El Refugio mine DISCOVERY • By 1890s ore was processed at a 20 head stamp battery and cyanidation vats at La Maquina • Copalquin District had several well-developed multilevel mines operating by late PRODUCTION 1800s prior to Mexican
Slide 8: Large Upside for Gold and Silver in the Copalquin District
Large Upside for Gold and Silver in the Copalquin District • Numerous historic mine clusters are found throughout the mineralised valley. • Clusters of historic workings run for 8 km from east to west. • Drilling has focused on La Soledad and El Refugio workings areas. • In unexplored northern sect
Slide 9: Copalquin District Drill Highlights – First Year of Drilling
Copalquin District Drill Highlights – First Year of Drilling 9
Slide 10: Copalquin District Over Melbourne
Copalquin District Over Melbourne 10
Slide 11: Schematic Long Section - El Refugio to Los Reyes
Schematic Long Section - El Refugio to Los Reyes 1Gold Eq. = gold equivalent. Silver Eq. = silver equivalent. Calculated using 70 g/t Ag = 1 g/t Au, based on gold price of USD1,610/oz and silver price of USD23/oz 11
Slide 12: High Grade ‘Clavo’– El Refugio
High Grade ‘Clavo’– El Refugio • Longitudinal section at El Refugio showing drill hole pierce points • Grade domains show grade has increased with depth • Over 600m wide & 350m deep • High-grade ‘clavo’ established with widespread and continuous mineralization • Every hole drilled at El Refugio has
Slide 13: Highlight Drill Intercepts – El Refugio High-Grade
Highlight Drill Intercepts – El Refugio High-Grade From To Length Ag Au AuEq1 Hole ID Interval Interval Interval interval g/t AuEq1 x m interval (g/t) (g/t) (m) (m) (m) (g/t) CDH-015 146 149.85 3.85 4.48 119.3 6.18 23.79 CDH-020 169 170.5 1.5 5.08 117.5 6.76 10.14 CDH-020 176.85 185.55 8.7 3.07 93.6
Slide 14: Comparison With Other Regional Epithermal Gold-Silver Districts
Comparison With Other Regional Epithermal Gold-Silver Districts • Multiple mineralisation events typical of large Pinos Altos District epithermal gold and silver deposits such as ~1moz ‘76 Clavo’ Palmarejo, San Dimas and Pinos Altos districts • These systems typically extend from near surface to ove
Slide 15: Simple Mineralogy and Metallurgy
Simple Mineralogy and Metallurgy • Silver as Argentite/Acanthite sulphides • Native gold 2mm to >10 microns • Electrum gold-silver mineral • 0.5mm Minor sulphides (no arsenic) CDH-054 at 292.4m, La Soledad Simple processing for gold and silver • Same mineralogy as Palmarejo recovery including: o Lo
Slide 16: La Soledad - Vein Swarm
La Soledad - Vein Swarm Drilling at the important La Soledad mine area, 400m north of El Refugio, has identified multiple veins with high-grade gold and silver beyond the historic mine workings Highlight Drill Results for La Soledad • CDH-001 3m @ 34.72 g/t gold and 3,129 g/t silver from 112m • CDH-
Slide 17: High Grade ‘Clavo’– La Soledad
High Grade ‘Clavo’– La Soledad Further drilling required to test the gold-silver mineralisation at depth and along strike 17
Slide 18: Established Geologic Model – Successfully Guided Exploration
Established Geologic Model – Successfully Guided Exploration Copalquin District – Dozens of Au-Ag Historic Mines & Workings Geologic Model Welded Ignimbrite Andesites Granodiorite Geologic Model Section • Epithermal model • El Refugio established as major epithermal centre – grade thickness has incr
Slide 19: Drill Target Expansion - Soil Sampling Program
Drill Target Expansion - Soil Sampling Program • Soil sampling is a successful drill target generation tool N • Drilling to extend west of El Refugio and La Soledad La Soledad Drill Area • El Gallo with its historic workings to the west, is El Refugio Drill Area developing well as a future drill tar
Slide 20: Concept Mine Development – El Refugio
Concept Mine Development – El Refugio Engineering study for an underground drift at El Refugio to take advantage of the topography and allow more efficient drilling of the deposit in all directions from the drift. 20
Slide 21: Work Program El Refugio 2021 - 2022
Work Program El Refugio 2021 - 2022 2021 Q3 2021 Q4 2022 Q1 2022 Q2 Drilling at El Refugio 1 Drill Rig Drilling at El Refugio 2nd Drill Rig Maiden Resource Estimate Metallurgy Engineering Study Access Road Engineering Study UG Drift Access Road Work UG Drift Development Work 21
Slide 22: Board & Management– Experienced explorers and developers
Board & Management– Experienced explorers and developers JOHN SKEET HALL STEWART GARRY THOMAS STEPHEN LAYTON ADRIEN WING Managing Director & CEO Chief Geologist Non-Executive Director Non-Executive Director Company Secretary •Over 30 years’ experience •Professional geologist with •Civil engineer wit
Slide 23: Key Take Away Points
Key Take Away Points High-Grade Gold and Silver • Copalquin is a silver district with high-grade gold District Scale • Dozens of gold and silver mines/workings throughout the district • Compares favourably to other established districts in region – Palmarejo, Pinos Altos, San Dimas Pathway to Gold a
Slide 24: mithrilresources.com.au
John Skeet Mark Flynn Managing Director/CEO Investor Relations +61 435 766 809 +61 416 068 733 jskeet@mithrilresources.com.au mflynn@mithrilresources.com.au mithrilresources.com.au Authorised for release by: John Skeet, MD and CEO 1 September 2021
Slide 25: Appendix 1: Other Projects – Farmed Out
Appendix 1: Other Projects – Farmed Out Billy Hills Zinc (Billy Hills) Mithril • CBH Resources Limited earning up to 80% interest by 100% completing expenditure of A$4M over 5 years • Carnavale Resources earning an initial 80% interest by keeping Kurnalpi Project (Kurnalpi) Mithril the tenements in
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