Conference Presentation Mining the Territory Darwin, 19 th September 2012 David Hutton, Managing Director IRON OXIDE COPPER GOLD CONFIRMED AT ILLOGWA
Huckitta Project
May 16, 2015
David Hutton, Managing Director, from Mirthril Resources delivered this presentation at Mining the Territory 2012. For more information on the annual event, please visit www.miningnt.com.au/
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Conference Presentation
Mining the Territory
Darwin, 19th September 2012
David Hutton, Managing Director
IRON OXIDE COPPER GOLD CONFIRMED AT ILLOGWA
Page 2
Disclaimer
This presentation has been prepared by Mithril Resources Limited (Mithril). The information contained in this presentation is a professional opiniononly and is given in good faith. Certain information in this document has been derived from third parties and though Mithril has no reason to believethat it is not accurate, reliable or complete, it has not been independently audited or verified by Mithril.
Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks andcontingencies, many of which are outside the control of, and may be unknown to, Mithril. In particular, they speak only as of the date of thisdocument, they assume the success of Mithril’s strategies, and they are subject to significant regulatory, business, competitive and economicuncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document (Recipients) are cautioned to not place undue reliance on such forward-lookingstatements.
Mithril makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not takeresponsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.
To the extent permitted by law, Mithril and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirector consequential (and whether or not arising out of the negligence, default or lack of care of Mithril and/or any of its Agents) for any loss or damagesuffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.
All amounts in A$ unless stated otherwise.
The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by MrDavid Hutton, who is a full-time employee of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Hutton has morethan five years experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he isundertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves”.
Mr Hutton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Competent Persons Statement
Page 3
Investment Summary
People
Well credentialed “boots on ground” technical and management team
Projects
Highly prospective (copper – gold) project with First Mover advantage
151Kt copper metal Resource Inventory
Strong pipeline of new targets to be drill tested in 2012
Process
Strong Cash Position ($5.55M at 30 June 2012)
Strongly leveraged to exploration success
Field activities continuing with strong news flow in second half 2012
Strategic alliances advancing non - priority assets to ensure focus is maintained
Page 4
Corporate Summary (ASX: MTH)
Shares on Issue - 219.6 million (Options on issue – 19.3M)
Cash - $5.55M (at 30 June 2012)
Market Capitalisation - $16.47M (at 7.5 cents)
Investments - $0.83M (Mithril holds 7.68% of Musgrave Minerals Limited ASX:MGV)
Top 40 Shareholders hold 49% (Minotaur Resources – 9.7%, Lion Selection – 3.9%)
Board of Directors: John Roberts, David Hutton, Graham Ascough, Derek Carter, Richard Bonython, and Donald Stephens
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6.0
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10.0
Closing Price (cents) – last 12 months
Page 5
Outstanding Exploration Portfolio
7,422kms² total project area withclear Central Australia and EasternGoldfields focus
2012 Primary Focus is copper – goldexploration at the Illogwa IOCGTarget Area (Huckitta Project)
Page 6
Central Australia focus
Page 7
Huckitta Project (MTH - 100% and JV’s )
Plenty Highway
4,671kms² area - located 150kms east of Alice Springs, NT
Good road and track access
Copper, gold and nickel prospectivity
100% - owned Basil Copper Deposit (26.5Mt @ 0.57% copper, 0.05% cobalt –151Kt copper metal) demonstrates size potential of project
Numerous untested targets remain at Basil - determining future options
MMG earning 80% of nickel rights by spending $4M and completing Pre Feasibility of a JORC Indicated Resource
2012 focus is exploring for high grade copper – gold mineralisation at Illogwa IOCG Target Area
Page 8
Huckitta Project – prospect locations
Page 9
Illogwa IOCG Target Area
500kms² Iron Oxide Copper Gold (IOCG) mineral province approximately 30 kms south of Basil Deposit
Joint venture between Mithril (80%) and Cazaly (20%) – Cazaly contributing
Critical role of Northern Territory Geological Survey
outcropping copper – gold mineralisation and associated IOCG alteration
Geological similarities to Cloncurry Copper District
NEVER BEEN DRILLED prior to August 2012 drilling
New drilling confirms IOCG system
VTEM (300 metre line spacing) survey underway
Page 10
Illogwa IOCG Target Area - Magnetics
Page 11
Illogwa IOCG Target Area - Geology
Page 12
Bigglesworth Prospect – looking west
Altered granites Altered granites
Copper rich veins in granite
Page 13
Page 14
Drilling – confirms IOCG system
5 cms
APDD002 –42.00 to 42.20 metres
APDD002 –40.00 to 40.20 metres
APDD002 –42.30 to 42.50 metres
Page 15
Drilling – confirms IOCG system
APDD002 (above) – 33.40 to 33.60 metres
APDD002 –65.20 to 65.40 metres
APDD002 –65.60 to 65.72 metres
Copper sulphide
5cms
5cms
Page 16
El Gordo Prospect – outcropping copper
Shear hosted hematite-silica alteration +/-
copper mineralisation mapped over 800m
(Looking South West)
Page 17
Mini Me Prospect – outcropping copper
(Looking East)
Up to 7.8% copper, 1.5g/t gold from outcropping vein of chalcopyrite (copper sulphide) mineralisation within a broad silica –haematite alteration zone
Page 18
Mithril Planned Activities and News flow
Project Activity Aug Sep Oct Nov Dec Jan Feb Mar
Illogwa IOCGCopper Gold
Drilling
VTEM Survey
Ground EM
Follow up drilling (Note 1)
Huckitta (MMG) JVNickel
Stream sediment sampling
Ground EM
Spargos Reward Gold
Drilling (Note 2)
Note 1 – Drilling planned for Illogwa during October – November 2012 is subject to results of VTEM survey and Board approvalNote 2 – Drilling planned for Spargos Reward during January – February 2013 is subject to Board approval
Page 19
Investment Summary
People
Well credentialed “boots on ground” technical and management team
Projects
Highly prospective (copper – gold) project with First Mover advantage
151Kt copper metal Resource Inventory
Strong pipeline of new targets to be drill tested in 2012
Process
Strong Cash Position ($5.55M at 30 June 2012)
Strongly leveraged to exploration success
Field activities continuing with strong news flow in second half 2012
Strategic alliances advancing non - priority assets to ensure focus is maintained
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