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DISCOVERING AUSTRALIA’S NEWEST COPPER PROVINCE
David Hutton
Managing Director
29 April 2013
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Disclaimer
This presentation has been prepared by Mithril Resources Limited (Mithril). The information contained in this presentation is a professional opinion onlyand 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 isnot 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 this document,they assume the success of Mithril’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties andrisks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements arebased. 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 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, indirect orconsequential (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 Mr DavidHutton, 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 fiveyears experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking toqualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves”.
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
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Australian Copper – Gold Explorer
� Eastern Arunta Copper
� Illogwa Iron Oxide Copper Gold
� Yambah Volcanic Massive Sulphides
� 2013 Field Season underway
� 10 priority targets advancing to drill stage
� West Kambalda Gold
� New results highlight economic potential
o 14m @ 6.75g/t gold incl 6m @ 12.67g/t
o 8m @ 10.30g/t gold incl 3m @ 25.73g/t
� Initial JORC Resource by Sept Qtr. 2013
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Corporate Snapshot (ASX: MTH)
Shares on issue 219.6 million
Options (unlisted) 19.3 million
Market Cap $8.8 million (at 4 cents)
Cash (at 31 March 2013) $2.3 million
Investments $0.7 million (7.68% of Musgrave Minerals Ltd)
Enterprise Value $5.8 million
Top 40 hold 44% Minotaur Resources (10%) and Lion Selection Fund (4%)
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Experienced Team
David HuttonManaging Director
Geologist - 23 years experience. Previous roles include Mount Isa Mines (copper), LionOre (nickel) and Western Metals (lead-zinc). Co-discoverer of the 2.0Moz Thunderbox Gold Deposit
Graham AscoughChairman
Geophysicist - 25 years experience. Previous roles include Falconbridge (nickel and copper). Chairman of multiple ASX –listed resource companies
Derek CarterDirector
Geologist - 35 years experience. Chairman of Minotaur Resources and co-discoverer of the Prominent Hill Copper Mine (Pre mine resource of 2.5Mt copper and 7.4Moz gold)
Donald StephensDirector / Comp Secretary
Chartered Accountant +20 years experience in the accounting industry, including 14 years as a partner of HLB Mann Judd Stephens.
Richard BonythonDirector
Founding director of Minotaur Resources +40 years experience in the building, rural and mineral industries
Jim McKinnon MathewsGeology Manager
Geologist - 23 years experience. Previous roles include WMC Resources (nickel, gold, and copper).
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Eastern Arunta Project Area
Kidman Resources “Home of Bullion” Copper Deposit
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Eastern Arunta Project Area
Plenty Highway
� 6,000kms² area
� 100% owned and JV’s
� Copper
� Illogwa IOCG Area
� Yambah VMS prospects
� Outcropping copper
� 10 priority targets advancing to drill stage
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Eastern Arunta Project Area - landholdings
Illogwa IOCG
Yambah VMS
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Illogwa IOCG Area – Australia’s newest IOCG province
Plenty Highway
Illogwa IOCG diamond drill core – Austin prospect
� 500kms²
� Outcropping copper - never been drilled
� Mithril discovery late 2011
� 2012 VTEM and IP define the best targets yet
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Illogwa IOCG Area – outcropping copper
12
0m
Altered granite
Altered granite
Copper rich veins in granite Multiple cross cutting IOCG alteration events
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Illogwa IOCG Area – aeromagnetics
Plenty Highway
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Illogwa IOCG Area – Mini Me West Priority Target
Plenty Highway
� Coincident VTEM – IP chargeability (10 x background) anomaly
� 800 metres long
� Outcropping copper – never been drilled
� Drill ready
Mini Me
Mini Me West
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Yambah VMS – Bessie’s Reward Priority Target
Plenty Highway
� Multiple gossans throughout 450m x 100m area
� 3 shallow RC holes drilled 1983 (incl. 22m @ 0.33% copper from surface)
� No follow up and no modern geophysics
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Eastern Arunta Project - Next Steps
� Mapping and sampling – June Qtr. 2013
� Ground geophysics – June Qtr. 2013
� Drill targets defined – end June Qtr. 2013
� Drilling – Sept Qtr. 2013
