Slide 1: David Hutton, Managing Director, Mithril Resources
For personal use only David Hutton | Managing Director | Mithril Resources Ltd | 24 May 2017
Slide 2: Multiple programs news flow; developing new targets
For personal use only Multiple programs news flow Developing new targets Copper, cobalt, nickel, gold Existing Resource inventory¹: o 264Kt copper o 13Kt cobalt o 100Koz gold 2 ¹ Wholly owned and attributable JORC Resources – see Notes Specific
Slide 3: Adelaide-based, local shareholders
For personal use only Adelaide - based Local shareholders 3
Slide 4: Prospect activity status
For personal use only Prospect Commodity Activity Status Mexi (WA) Ni Drill test RC drilling complete - awaiting results Nanadie Well (WA) Cu – Au / Co Drill test Diamond drilling early June Stark (WA) Cu - Ni EM EM complete - awaiting results Stark (WA) Cu - Ni Drill test Diamond drilling early Jun
Slide 5: Nickel - Kalgoorlie, WA
For personal use only Nickel Kalgoorlie, WA Mithril - 100% RC drilling just finished Awaiting results - drill samples in the lab 5
Slide 6: Magnetic anomaly, Ni-Cu-Co-PGE
For personal use only Magnetic anomaly Ni - Cu - Co - PGE’s in weathered ultramafics Nickel sulphides at depth? 500 metres 6
Slide 7: April 2017 RC drilling
For personal use only April 2017 RC drilling – looking north west along the drill traverse 7
Slide 8: Copper - Meekatharra, WA
For personal use only Copper Meekatharra, WA Mithril earning up to 75% Big system – remains open o Nanadie Well Deposit - 151kt copper and 74Koz gold¹ o Stark - copper drilled over 1km strike Cobalt / nickel / PGE opportunity? 8 ¹ Attributable JORC Resources – see Notes Specific
Slide 9: For personal use only
For personal use only 9 2,000 metres
Slide 10: For personal use only
For personal use only 10 2,000 metres
Slide 11: High-grade potential
For personal use only High-grade potential o Up to 5.7% copper, 2.37g/t gold, 0.15% cobalt at Nanadie Well² o Up to 13.7% copper, 1.62% nickel, 3.94g/t PGE’s at Stark² Diamond drilling to confirm high-grade potential early June 2017 Stark discovery gossan 11 ² in any single sample
Slide 12: Stark sulphides in drilling
Stark sulphides in drilling MTH:ASX
Slide 13: Gold - Kambalda, WA
For personal use only Gold Kambalda, WA Mithril - 35% New 2012 JORC Mineral Resource estimated by JV partner: o 1.01Mt @ 3.9g/t gold (126Kozs) Close up Spargos Reward mineralisation in drill core 13
Slide 14: Open pit - Spargos Reward
For personal use only Previous production ~ 30Kozs @ 8g/t New mining depleted Mineral Resource from surface to ~ 500m depth JV partner determining next steps Open pit – Spargos Reward 14
Slide 15: Nickel-copper-PGE's, far western South Australia
For personal use only Nickel - copper - PGE’s Far western South Australia Mithril can earn 20% Adelaide TMI Image – South Australia 15
Slide 16: SA Government scientific drill program
For personal use only SA Government scientific drill program Desktop assessment to follow Proposed SA Govt scientific drill program hole locations 16
Slide 17: 2017 program timeline
For personal use only Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mexi RC drilling RESULTS Stark EM Survey RESULTS Stark / Nanadie Well Diamond drilling RESULTS Meekatharra Field check new targets RESULTS Coompana Government scientific drill program 17 ³ Program funded and managed by the South A
Slide 18: Multiple programs news flow; developing new targets
For personal use only Multiple programs news flow Developing new targets Copper, cobalt, nickel, gold Existing Resource inventory¹: o 264Kt copper o 13Kt cobalt o 100Koz gold 18 ¹ Wholly owned and attributable JORC Resources – see Notes Specific
Slide 19: Overview
For personal use only Overview Shares on issue 848M Options (unlisted) 15.3M High – 0.8 cents Market Cap (@ 0.4c) $3.40M Cash (end Mar 17Qtr.) $1.04M Debt $0 Enterprise Value $2.36M Low – 0.4 cents Shareholders 1,843 93.5% Retail / 1.5% Insto’s Top 40 (hold 37%) 5% Directors + Mgmt. Directors and Ma
Slide 20: Basil and Nanadie Well copper deposits
For personal use only 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
Slide 21: Spargos Reward Gold Deposit
For personal use only Spargos Reward Gold Deposit (MTH 35%) 2012 JORC Domain Cut off grade Tonnes (000’s) Grade gold g/t Contained gold (ounces) Category Indicated Above 300mRL 1g/t 219 4.1 29,000 Indicated Below 300mRL 2g/t 406 4.2 55,000 Total Indicated 625 4.2 84,000 Inferred Above 300mRL 1g/t 24
Slide 22: Further details: previous ASX announcements
For personal use only 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: Mineral Resource for the Spargos Reward Gold Deposit – 22.05.2017 Drilling
Slide 23: 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 Mithril has
Slide 24: Competent Persons Statement
For personal use only Competent Persons Statement: The information in this report that relates to Exploration Targets, Exploration Results, and the Basil Copper Cobalt Deposit is based on information compiled by Mr David Hutton, who is a Competent Person, and a Fellow of The Australasian Institute o
Slide 25: Contact details
For personal use only Website : www.mithrilresources.com.au Address : 22B Beulah Road, Norwood SA 5067 Email : dhutton@mithrilresources.com.au Phone : 08 8132 8800 @MTHResources 25