Mithril Resources has earned an 80% interest in two tenements covering the Illogwa IOCG Target Area by spending $2 million, as part of a joint venture with Sammy Resources. A 3,800 meter drilling program is underway to test four priority targets and multiple geophysical anomalies. Illogwa represents a newly recognized Proterozoic copper-gold province in the Northern Territory, characterized by outcropping copper mineralization over 50 kilometers. First drilling results are expected by late August.

1. ASX Release – 14 August 2012
Illogwa IOCG Target Area – Completion Of Sammy JV Earn In
 Mithril has earned an 80% interest in the two Illogwa IOCG Target Area tenements that are the
subject of the Sammy joint venture by completing expenditure of $2 million
 3,800 metres drilling programme underway as first ever drill test of newly recognised Proterozoic
copper – gold province with first results expected by late August 2012
Base metals explorer Mithril Resources Ltd (ASX: MTH) is pleased to advise that it has earned an 80% interest in
the Illogwa IOCG Target Area tenements under the Sammy Joint Venture by completing expenditure of $2
million.
Illogwa is located on Mithril’s Huckitta Project, approximately 150 kilometres east of Alice Springs, Northern
Territory (Figure 1) and lies within three tenements, two of which (ELs 25643 and 25653) are subject to a joint
venture with Sammy Resources Pty Ltd (‘Sammy’), a wholly owned subsidiary of ASX-listed Cazaly Resources Ltd
(ASX: CAZ).
Mithril has notified Sammy that the earn-in expenditure
under the agreement has been completed and Sammy
now has 60 days to elect to contribute pro-rata on
expenditure going forward or revert to a 1.5% Net
Smelter Returns royalty, leaving Mithril with a 100%
interest in the project.
As previously announced (ASX Announcement dated 7
August 2012), Mithril has recently commenced a 3,800
metre program of air core, reverse circulation and
diamond drilling as the first ever test of four priority drill
targets, as well as multiple conceptual geophysical
targets.
Each of the priority drill targets has significant
outcropping copper mineralisation and associated Figure 1: Projection Location Plan
alteration.
Illogwa represents a newly recognised Proterozoic copper – gold province characterised by a 50 kilometre long
belt of structurally deformed granite and sedimentary sequences that contain variable amounts of quartz veining,
strong iron and fluorite alteration, and outcropping copper - gold mineralisation.
First results from the drilling are expected by late August 2012 and the Company looks forward to informing the
market as they come to hand.
58 King William Road T: (61 8) 8378 8200 ASX Code: MTH
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2. ENDS
For Further Information Contact: Competent Persons Statement:
Mithril Resources Ltd The information in this report that relates to Exploration Results and Mineral Resources
David Hutton, Managing Director is based on information compiled by Mr David Hutton (Managing Director), who is a full‐
admin@mithrilresources.com.au time employee of the Company and a Fellow of the Australasian Institute of Mining and
Metallurgy (AusIMM). Mr D Hutton has more than five years’ experience which is
relevant to the style of mineralisation and type of deposit under consideration and to
58 King William Road the activity which he is undertaking to qualify as a Competent Person as defined in the
Goodwood, South Australia 5034 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves”.
ABN: 30 099 883 922
T: (61 8) 8378 8200 Mr Hutton consents to the inclusion in the report of the matters based on his
F: (61 8) 8378 8299 information in the form and context in which it appears.
www.mithrilresources.com.au
About Mithril Resources Ltd:
For Media Inquiries Contact: Mithril Resources Ltd is an Australian exploration company focused on the discovery and
Michels Warren development of base metal deposits primarily copper. Mithril is a frontier explorer with
Richard Sproull 0418 585 517 a small but highly experienced team based in Adelaide. Combining advanced technology
with a proven field‐based approach ensures the bulk of the company’s expenses go
Kristy Macfarlane 0402 557 527
directly into the ground.
58 King William Road T: (61 8) 8378 8200 ASX Code: MTH
Goodwood, South Australia, 5034 F: (61 8) 8378 8299 Issued Shares: 219,615,500 Page 2 of 2
www.mithrilresources.com.au E: admin@mithrilresources.com.au Market Capital: $9.00 million