Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Mithril Resources — Investor Presentation (November 2018)
33 slides from Mithril Silver And Gold's investor presentation, Nov 29, 2018
Slide 1: Capital Raising Presentation
Mithril Resources Ltd MTH:ASX For personal use only Capital Raising Presentation David Hutton | Managing Director 29 November 2018
Slide 2: We are a boots on ground explorer
We are a boots on ground explorer For personal use only • Our Current focus Billy Hills (zinc) Kurnalpi (nickel) • Emerging Opportunities Bangemall (copper, lead, zinc) Duffy Well (gold) • Exploration partnerships Limestone Well (vanadium) 2
Slide 3: Corporate Details
Corporate Details For personal use only ASX listed - MTH.ASX| Nickel, copper, zinc, gold, vanadium Highly experienced technical and corporate team Shares on Issue (pre Rights Issue): 230M | Options (unlisted): 4.2M Market Cap (@ 0.7 cents): $1.38M | Cash (end Sept 18 Qtr. & pre Capital Raising): $0.
Slide 4: 2019 shaping up as a busy year
2019 shaping up as a busy year For personal use only Project Activity Dec 18 Qtr Mar 19 Qtr Jun 19 Qtr Complete Heritage Protection Agreement Billy Hills (ZINC) IP geophysics and drill follow-up Resampling / mapping Kurnalpi (NICKEL) EM geophysics and drill follow-up Resampling / mapping Duffy Well
Slide 5: Capital Raising Details
Capital Raising Details For personal use only • Placement and Rights Issue to raise $1.11M (before costs) • Rights Issue is fully underwritten by Patersons Securities Ltd • Under the Rights Issue, eligible shareholders can subscribe for 5 new shares for every 6 shares held at an issue price of 0.5 c
Slide 6: Rights Issue Key Dates
Rights Issue Key Dates For personal use only • Record Date: Thursday 22nd November 2018 • Offer Period Opens: Tuesday 27th November 2018 • Offer Period Closes: Thursday 13th December 2018 • New Shares Issued: Thursday 20th December 2018 Refer to the Rights Issue Prospectus with Entitlement & Accepta
Slide 7: Our Current Focus
Our Current Focus For personal use only • Billy Hills (zinc) • Kurnalpi (nickel) 7
Slide 8: Billy Hills (zinc) – MTH 100%
Billy Hills (zinc) – MTH 100% For personal use only • 20kms SE of Fitzroy Crossing, WA • Adjacent to the former Pillara Zinc Mine (production of 10.3 Mt @ 6.9% Zn, 2.3% Pb from June 1997 to October 2003) • Targeting large scale deposits under cover along strike from known mineralisation 8
Slide 9: Outcropping zinc mineralisation
Outcropping zinc mineralisation For personal use only 9
Slide 10: Initial targets prioritised for follow-up
4 initial targets prioritised for follow-up For personal use only Area Target Rock chips Drill intercepts IP anomaly (km²) All drilling at very southern end of target 3m @ 4.41% zinc + lead from 77 metres Yes – strong A 1.8 Up to 14.24% zinc + lead 5m @ 1.4% zinc + lead from 274 metres Not drilled 1
Slide 11: Target locations and surface mineralisation
Target locations and surface mineralisation For personal use only limestone granite Outcrop geology Rock chip results 11
Slide 12: Historic drilling and IP anomalies
Historic drilling and IP anomalies For personal use only Zinc + lead in drilling IP anomalies 12
Slide 13: Billy Hills Next Steps
Billy Hills Next Steps For personal use only • Execute Heritage Agreement with Traditional Owners (December 2018 Qtr.) • Data compilation and target generation (ongoing) • Induced Polarisation (IP) geophysics to define specific drill targets (March 2019 Qtr.) • Diamond drill follow-up (March 2019 Qt
Slide 14: Kurnalpi (nickel) – MTH 100%
Kurnalpi (nickel) – MTH 100% For personal use only • 70kms NE of Kalgoorlie, WA • Excellent access & infrastructure • Targeting: o High-grade massive nickel sulphides o High-grade copper-cobalt sulphides Kalgoorlie 14
Slide 15: Confirmed nickel sulphides
Confirmed nickel sulphides For personal use only 6627280N cross section • Nickel sulphides confirmed at northern end EL28/2567 • 90% of nickel host rocks on project untested by EM geophysics and / or effective drilling • Targeting high-grade massive nickel sulphides No EM geophysics 15
Slide 16: New copper cobalt occurrence
New copper cobalt occurrence For personal use only • 1.46% copper and 1.12% cobalt in a grab EL28/2567 sample of historic drill spoils • Occurs within sheared carbonaceous metasediments separate to the nickel host rocks. • Follow-up work targeting high-grade copper- cobalt sulphides 16
Slide 17: Kurnalpi Next Steps
Kurnalpi Next Steps For personal use only • Further resampling and mapping of new copper cobalt target (March 2019 Qtr.) • EM geophysics over remainder of nickel host rocks (March 2019 Qtr.) • Drill test for high-grade massive nickel sulphides (March 2019 Qtr.) 17
Slide 18: Emerging Opportunities
Emerging Opportunities For personal use only • Bangemall (copper, lead, zinc) • Duffy Well (gold) 18
Slide 19: Bangemall (copper, lead, zinc) – MTH 100%
Bangemall (copper, lead, zinc) – MTH 100% For personal use only Bangemall Basemetal Project Abra Lead Silver Deposit Plutonic Gold Mine Fortnum Gold Mine Degrussa / Monty Copper Mine Base metal occurrence Operating Mine 50 kms 19
Slide 20: Similarities to other large base metal districts
Similarities to other large base metal districts For personal use only • Proterozoic sedimentary rocks • Same geological age (1610 – 1673Ma) as the Mt Isa District • Similar geological setting to the Abra Deposit (36.6Mt @ 7.3% lead, 18g/t silver) Age in million years Bangemall Project age Sedimenta
Slide 21: Along strike from the Abra Deposit
Along strike from the Abra Deposit For personal use only The white dashed line shows the Lyons River Fault – a key structural control on mineralisation within the area. 21
Slide 22: Abra Deposit progressing to production
Abra Deposit progressing to production For personal use only • Abra owned and operated by Galena Mining (G1A:ASX) - $43M market cap. • Abra is a sediment – hosted polymetallic deposit with an upper flat dipping lead + silver zone (“apron”) overlying a high-grade lead, zinc, copper and gold core (“co
Slide 23: Multiple targets at Bangemall
Multiple targets at Bangemall For personal use only • Coincident airborne EM (GEOTEM) + surface geochemical anomalies, and / or copper and zinc in historic drill holes • Consistent with that typically seen above large scale sedimentary exhalative (“Sedex”) base metal deposits. USGS Scientific Invest
Slide 24: Bangemall Next Steps
Bangemall Next Steps For personal use only • Data compilation and target generation (ongoing) • Tenement grant (March 2019 Qtr.) 24
Slide 25: Duffy Well (gold) – MTH 100%
Duffy Well (gold) – MTH 100% For personal use only • 30kms E of Meekatharra, WA Duffy Well Project • Soil-covered southern extension of the Paddy’s Flat / Central Murchison Gold Mines Gnaweeda Greenstone Belt • Directly along strike from; Turnberry Deposit (Inferred Mineral Resource of 5.5Mt @ 1.8
Slide 26: Emerging gold targets
Emerging gold targets For personal use only • Characterised by zones of structural complexity with coincident bedrock gold (+50ppb) and arsenic (+100ppm) anomalism within wide- spaced historic drill holes. • Resampling and geological mapping planned as next steps followed by aircore drilling 26
Slide 27: Exploration Partnerships
Exploration Partnerships For personal use only • Limestone Well (vanadium) 27
Slide 28: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Mithril - 100% • Monax Mining (MOX:ASX) earning up to 80% by Paddy’s Flat / Central Murchison Gold Mines spending $2.5M over 5 years • 90kms SE of Meekatharra, WA • Along strike from Barrambie Titanium Vanadium Deposit (280.1Mt @ 9.18%TiO₂ & 0.44%V₂O
Slide 29: Limestone Well (vanadium)
Limestone Well (vanadium) For personal use only • Ground magnetics and soil sampling has defined a new drill target • Aircore drilling funded by Monax planned for December 2018. 29
Slide 30: Experienced technical and corporate team
Experienced technical and corporate team For personal use only Graham Ascough (Chairman) – Geophysicist with 27 years industry experience and formerly Falconbridge Exploration Manager Australasia (Nickel and PGE’s). Donald Stephens (Non Executive Director / Company Secretary) – Chartered Accountant
Slide 31: JORC Information & Competent Person Statement
JORC Information & Competent Person Statement JORC Information: 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 Mithril Resources’ announcements previously lodged with
Slide 32: Disclaimer
Disclaimer This presentation has been prepared by Mithril Resources Limited (Mithril). The information contained in this presentation is a For personal use only professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though M
Slide 33: Contact Details
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 33
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