Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Corporate Update (April 2013)
23 slides from Mithril Silver And Gold's corporate update, Apr 15, 2013
Slide 1: Company Update
For personal use only Company Update “Exploring old areas with new eyes” David Hutton, Managing Director April 2013
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: Australian Copper – Gold Explorer
Australian Copper – Gold Explorer For personal use only Dual project strategy Quality walk up drill targets 1. West Kambalda – revenue generating potential? New results highlight Spargos Reward’s economic potential o 14m @ 6.75g/t gold incl. 6m @ 12.67g/t o 8m @ 10.30g/t gold incl. 3m @ 25.73g
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX: MTH) For personal use only Shares on issue 219.6 million Options (unlisted) 19.3 million Cash (at 31 December 2012) $3.14 million Market Cap $10.98 million (at 5 cents) Investments 7.68% of Musgrave Minerals (ASX: MGV) Top 40 hold 44% Minotaur Resources (10%) and Lion Select
Slide 5: West Kambalda Project Area
West Kambalda Project Area For personal use only Page 5
Slide 6: Why West Kambalda Gold?
Why West Kambalda Gold? For personal use only Location Unloved assets - excellent upside High - grade drill targets Spargos Reward Gold Mine - Gold price Key Milestones MITHRIL Near mine drilling Last mining Deep diamond drilling Page 6
Slide 7: West Kambalda Project Area (100% + JV)
West Kambalda Project Area (100% + JV) For personal use only 20 kms west of Kambalda 3 operating gold mills within 50 km radius Along strike from Wattle Dam Gold Mine Walk up drill targets; • Spargos Reward Gold Mine • Lady Allison Gold Deposit (90Koz) Increasing size of project – new JV w
Slide 8: West Kambalda – geological setting
West Kambalda – geological setting For personal use only KAMBALDA Spargos Reward – 30,000oz Lady Allison – 90,000oz Wattle Dam – 250,000oz Page 8
Slide 9: Spargos Reward Gold Mine – history
Spargos Reward Gold Mine – history For personal use only Discovered – early 1930’s Mined – 1936 to 1942 and 1989 to 1991 Last drilled – 2009 Purchased late 2012 ($200K cash) Mithril has drilled ore grade gold since purchase Page 9
Slide 10: Spargos Reward Gold Mine – plan
Spargos Reward Gold Mine – plan For personal use only Intercept ≥ 0.5 g/t West Lode Intercept ≥ 1.0 g/t Main Lode 500 metres 14m @ 6.75g/t gold including 6m @ 12.67g/t gold Page 10
Slide 11: Spargos Reward Gold Mine – cross section
Spargos Reward Gold Mine – cross section For personal use only High grade gold mineralisation Shear hosted Multiple lodes Page 11
Slide 12: Spargos Reward Gold Mine – long section
Spargos Reward Gold Mine – long section For personal use only New results highlight economic potential 14m @ 6.75g/t gold incl. 6m @ 12.67g/t 8m @ 10.30g/t gold incl. 3m @ 25.73g/t Wattle Dam Gold Mine long section (at same scale) Page 12
Slide 13: Eastern Arunta Project Area
Eastern Arunta Project Area For personal use only Page 13
Slide 14: Eastern Arunta Project Area - landholdings
Eastern Arunta Project Area - landholdings For personal use only Page 14
Slide 15: Eastern Arunta Project Area
Eastern Arunta Project Area For personal use only ~ 6,000kms² area 100% and JV’s (CAZ and MMG) Plenty Highway Nickel JV with MMG Copper – Gold Illogwa IOCG Area Yambah VMS prospects Targets now defined – drill holes being designed Page 15
Slide 16: Illogwa IOCG Area – Australia’s newest IOCG district
Illogwa IOCG Area – Australia’s newest IOCG district For personal use only Plenty Highway Illogwa IOCG diamond drill core – Austin prospect 500kms² Mithril discovery late 2011 with no previous drilling Outcropping copper First ever drilling (mid - 2012) confirms Iron Oxide Copper Gold (IOCG)
Slide 17: Illogwa IOCG Area – structurally controlled copper
Illogwa IOCG Area – structurally controlled copper For personal use only Plenty Highway Page 17
Slide 18: Illogwa IOCG Priority Target – Mini Me West
Illogwa IOCG Priority Target – Mini Me West For personal use only Coincident VTEM – IP chargeability (10 x background) anomaly 800 metres long Plenty Highway Outcropping copper Drill ready Mini Me West Mini Me Page 18
Slide 19: Yambah VMS Priority Target – Bessie’s Reward
Yambah VMS Priority Target – Bessie’s Reward For personal use only Plenty Highway Multiple gossans throughout 450m x 100m area 3 shallow RC holes drilled 1983 (incl. 22m @ 0.33% copper from surface) No follow up and no EM geophysics Page 19
Slide 20: Next Steps
Next Steps For personal use only West Kambalda Project Spargos Reward resource - Sept Qtr. 2013 East Arunta Project Mapping and sampling underway Ground geophysics - June Qtr. 2013 Drilling - Sept Qtr. 2013 Page 20
Slide 21: 2013 Planned Activities
2013 Planned Activities For personal use only Project Area Location Jun Qtr. Sep Qtr. Dec Qtr. Initial Resource Estimate Spargos Reward Gold Mine Drilling (*) West Kambalda Gold Drill target Spargos Reward area Drilling (*) definition Drill target Spargoville JV Drilling (*) definition Drill target
Slide 22: Resource Inventory
Resource Inventory For personal use only Basil Copper Deposit JORC Copper cut off Tonnes Copper Cobalt Contained Contained cobalt Category grade (%) (Mt) (%) (ppm) copper (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 Lady Allison Gold Deposit
Slide 23: For further information
For personal use only For further information: David Hutton – Managing Director admin@mithrilresources.com.au 08 8378 8200