2. Disclaimer
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 no reason to believe that 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 and
contingencies, many of which are outside the control of, and may be unknown to, Mithril. In particular, they speak only as of the date of this document,
they assume the success of Mithril’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties 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-looking statements.
Mithril makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take
responsibility 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, indirect or
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 damage
suffered 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.
Competent Persons Statement
The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr David
Hutton, who is a full-time employee of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Hutton has more than five
years experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources 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.
Page 2
3. Who we are.
An Australian resources company exploring for the next generation of
mineral deposits within emerging and proven mineral provinces
West Kambalda – new gold resource?
High grade drill intercepts at Spargos Reward Gold Mine
• 14m @ 6.75g/t gold incl. 6m @ 12.67g/t
• 11m @ 3.54g/t gold incl. 2m @ 13.67g/t
Drilling to recommence late February 2013
Eastern Arunta - outstanding copper discovery
potential
Multiple priority targets including new Illogwa IOCG
Geophysics and drilling to commence June Qtr. 2013
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4. Corporate Snapshot (ASX: MTH)
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 Selection Fund (4%)
Board Graham Ascough, David Hutton, Donald Stephens, Derek
Carter, Richard Bonython
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5. West Kambalda Project Area
A newly established foothold in the
Eastern Goldfields – Australia’s
premier gold district
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6. Why West Kambalda Gold?
Weatherproofing
Location
Unloved assets with excellent upside
Walk up targets with high grade potential Spargos Reward Gold Mine -
Key Milestones
Gold price
MITHRIL
Near mine drilling
Last mining
Deep diamond drilling
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7. West Kambalda Project Area (100% + JV)
75kms²
Along strike from high-grade Wattle Dam Gold
Mine
Walk up drill targets;
• Spargos Reward Gold Mine
• Lady Allison Gold Deposit (90Koz)
Strategic relationship with a gold miner - KalNorth
Gold Mines (ASX: KGM) via Spargoville JV
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8. West Kambalda – geological setting
KAMBALDA
Spargos Reward – 30,000oz
Lady Allison – 90,000oz
Wattle Dam – 250,000oz
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9. Spargos Reward Gold Mine
Discovery - early 1930’s
Mining - 1936 to 1942 and 1989 to 1991
Production (to 120m) ~30,000ozs @ 8g/t
Last drilled - 2009
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11. Spargos Reward Gold Mine – plan
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
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12. Spargos Reward Gold Mine – long section
New drill results suggest high-grade shoot to 400
metres vertical, i.e.
• 14m @ 6.75g/t gold incl: 6m @ 12.67g/t gold
• 11m @ 3.54g/t gold incl: 2m @ 13.67g/t gold
Wattle Dam Gold Mine long section (at same scale)
Page 12
13. West Kambalda – Next Steps
Infill drilling at Spargos Reward
Initial drill test of new target area – Spargos Reward South
2,600 metres commencing late February 2013
Page 13
14. Eastern Arunta Project Area
Greenfields discovery
opportunity within a rapidly Local Endowment
emerging mineral province
Moly Hill Deposit
4.7Mt @ 0.22%Mo, 0.28%W
Basil Copper Deposit
26.5Mt @ 0.57%Cu, 0.05%Co
Jervois Deposit
11.9Mt @ 1.3%Cu, 25.2g/tAg
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16. Eastern Arunta Project Area
~ 6,000kms² area
100% and JV’s (incl CAZ and MMG)
Plenty Highway
Gold and base metal prospectivity
Pipeline of quality targets including;
Illogwa IOCG Area
Yambah high-grade copper gold
prospects
Next Steps;
Heritage Clearance Surveys
Ground geophysics
RC Drilling
5 cms
Illogwa IOCG diamond drill core – Austin prospect
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17. 1st Half 2013 Planned Activities
Project Area Activity Feb Mar Apr May Jun
Infill drilling (Spargos Reward)
West Kambalda
Drill test Spargos Reward South
Gold
Drill Results
Statutory Approvals
East Arunta
Ground Geophysics (*)
Copper Gold
Drilling (*)
* Subject to Mithril Board approval
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18. Who we are.
An Australian resources company exploring for the next generation of
mineral deposits within emerging and proven mineral provinces
West Kambalda – new gold resource?
High grade drill intercepts at Spargos Reward Gold Mine
• 14m @ 6.75g/t gold incl. 6m @ 12.67g/t
• 11m @ 3.54g/t gold incl. 2m @ 13.67g/t
Drilling to recommence late February 2013
Eastern Arunta - outstanding copper discovery
potential
Multiple priority targets including new Illogwa IOCG
Geophysics and drilling to commence June Qtr. 2013
Page 18
19. Resource Inventory
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 (MTH right to earn up to 80%)
JORC Gold cut off Tonnes Contained gold
Gold (g/t)
Category grade (g/t) (Mt) (ounces)
Inferred 0.5 2.13 1.3 87,000
The Lady Allison Gold Deposit is subject to the Spargoville Farm in and Joint Venture where
Mithril has the right to earn up to 80% by completing expenditure of $2 million over 4 years
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