Mithril Resources Ltd

Published : November 28th, 2014

• AGM Chairman's Address

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Keywords :   Australia | Copper | Gold | Market | Market Conditions | Nickel |

• AGM Chairman's Address


28 November 2014

ADDRESS BY THE CHAIRMAN OF MITHRIL RESOURCES LIMITED ANNUAL GENERAL MEETING 2014

I would like to start by thanking everyone for attending Mithril's 2014 Annual
General Meeting today.
As I stated in my letter to shareholders that accompanied the annual report, the past year has again proven quite difficult for junior resource companies such as ours.
Raising sufficient funds to conduct meaningful exploration has been challenging; however, I want to assure shareholders that Mithril has continued and will continue to actively explore and prioritise its projects. Also, we are very mindful of our current budget capacity and have undertaken a number of cost reduction measures over the past twelve months to ensure that we maintain low overhead costs and maximise the allocation of funds towards on-ground exploration.
As announced this morning, the funds raised through the successful capital raising will be put to immediate use. A drill program to test four priority copper- nickel targets at the Nanadie Well Project is scheduled to commence early next week. Nanadie Well is located 80 kilometres south east of Meekatharra, WA and includes the Stark copper-nickel prospect and the Nanadie Well Copper Deposit. The priority is the Stark Prospect, a newly identified zone of sub- cropping copper-nickel mineralisation with a coincident geophysical target that has not been drill tested. We believe that it is highly prospective for the discovery of further copper, nickel and gold mineralisation. At the end of today's meeting, David Hutton, the Company's Managing Director, will provide an exploration update and review some of the outstanding targets, including Stark, which we have in front of us.
The Meekatharra region will remain the focus of our efforts in the near term and the Company has determined to seek a joint venture partner to underpin future copper exploration efforts at our East Arunta Project in the Northern Territory.

58 King William Road, Goodwood, South Australia 5034

Telephone: (61 8) 8378 8200 Fax: (61 8) 8378 8299

Web: www.mithrilresources.com.au Email: [email protected]

ABN: 30 099 883 922

The resources sector is continuing to face challenging times, with the equity market conditions unpredictable in Australia and overseas but with a strong project portfolio and some excellent targets to be tested in the near term, Mithril is well positioned to capitalise on improving market conditions as we advance our projects through the discovery phase.
I would like to take this opportunity to express my thanks to my fellow directors, management and staff for their dedication and work during the past 12 months. We are committed to progressing the Company and advancing our projects towards discovery for the benefit of all shareholders.
I also take this opportunity to thank all shareholders for your continued support of Mithril.
Graham Ascough
Chairman

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Mithril Resources Ltd

EXPLORATION STAGE
CODE : MTH.AX
ISIN : AU000000MTH3
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Mithril Res is a nickel and copper exploration company based in Australia.

Mithril Res holds various exploration projects in Australia.

Its main exploration properties are MUSGRAVE, DOMINION JV, CASEY PROJECT, SILVER SWAN NORTH, HAMMER HILL, HUCKITTA, PARDOO (HIGHWAY AND SUPPLY WELL), HOME OF BULLION, PROSPECT D and KALLI in Australia.

Mithril Res is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 5.1 millions as of today (US$ 3.7 millions, € 3.2 millions).

Its stock quote reached its highest recent level on January 28, 2011 at AU$ 0.21, and its lowest recent point on September 01, 2017 at AU$ 0.00.

Mithril Res has 848 099 968 shares outstanding.

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Corporate Presentations of Mithril Resources Ltd
7/31/2007Fourth Quarte Activities Report
Annual reports of Mithril Resources Ltd
• Full Year Statutory Accounts
2008 Annual Report
Financials of Mithril Resources Ltd
9/14/2016• Half Year Report June 2016
10/21/2015MTH Update - Quarterly Activities & Cash Flow Report Sep 201...
7/22/2015MTH Update - Quarterly Activities & Cash Flow Report Jun 201...
4/15/2015MTH Update - Quarterly Activities & Cash Flow Report Mar 201...
1/23/2014MTH Update - Quarterly Activities & Cash Flow Report Dec 201...
4/29/2013MTH Update - Quarterly Activities and Cash Flow Report March...
7/25/2012MTH Quarterly Activities and Cash Flow Report June 2012
Project news of Mithril Resources Ltd
9/10/2015• Gold exploration to commence at Spargos Reward
2/17/2014MTH Update - New Nickel Targets at West Kambalda
12/18/2013MTH Update - New Results Reinforce High-Grade Potential of N...
12/11/2013MTH Update - New Gold Targets at West Kambalda
12/5/2013MTH Update - Acquisition of Advanced Copper Project
11/26/2013MTH Update - Mithril Resources Ltd AGM 2013
10/8/2013MTH Exploration Update
10/4/2013MTH Update - MMG East Arunta Nickel Drilling Underway
9/9/2013MTH Update - East Arunta Copper Drilling Underway
8/19/2013MTH Update - East Arunta Copper Drilling Program
8/7/2013MTH Update - BRR Interview East Arunta Drilling Program Upda...
8/1/2013MTH Update - East Arunta Copper Drilling Update
6/3/2013MTH Update - BRR Interview Mithril discusses its Copper Targ...
5/27/2013MTH Update - Fieldwork Rapidly Progressing NT Copper Targets
1/22/2013MTH Update - BRR Interview High-grade gold intersected at Sp...
1/21/2013MTH Update: High-grade gold intersected at Spargos Reward
12/11/2012BRR Interview Drilling commences at Spargos Gold Mine
10/23/2012Strong exploration results reinforce prospectivity of Yambah...
10/7/2009(Huckitta)Drilling Update
1/30/2009(Huckitta)(angl) Additional nickel-copper-PGE mineralisation discovere...
8/21/2008(Pardoo (highway And Supply Well))PARDOO DRILLING RESULTS
7/4/2008(Hammer Hill)HUCKITTA DRILLING UPDATE
6/16/2008(Pardoo (highway And Supply Well))COMMENCES DRILLING ON THE PARDOO NICKEL PROJECT
6/2/2008(Hammer Hill)HAMMER HILL DRILLING UPDATE – INITIAL ASSAYS
5/20/2008(Hammer Hill)Drilling at Hammer Hill intersects sulphide mineralisation
7/26/2007(Kalli)Drilling Commences on the Kalli Mineral Sands Joint Venture
Corporate news of Mithril Resources Ltd
8/1/2016• Company Exploration Update August 2016
7/26/2016• Quarterly Activities & Cash Flow Report June 2016
4/20/2016• Form 605 Ceasing to be a Substantial Holder
1/26/2016• Quarterly Activities & Cash Flow Report Dec 2015
11/3/2015• Doray farming in to Mithril's new Meekatharra gold project
10/23/2015• Notice of Meeting/Proxy Form
10/23/2015• Annual Report 2015
10/20/2015• Quarterly Activities & Cash Flow Report Sep 2015
10/20/2015• Half Year Report June 2015
10/15/2015• Farm-in partner for new Kurnalpi Nickel-Gold Project
10/7/2015• Cleansing Statement - Share Placement
10/6/2015• Appendix 3B - Placement
10/6/2015• Appendix 3B - Share Purchase Plan
10/1/2015• Completion of Share Purchase Plan and Placement
9/17/2015• Extension to Share Purchase Plan
9/7/2015• SPP Investor Update Presentation
9/2/2015• Two new regional targets confirmed at Stark
8/29/2015• SPP Offer Documents
8/26/2015• Dispatch of Share Purchase Plan Documents
7/29/2015• Geophysical surveys underway at Stark regional targets
7/22/2015• Quarterly Activities & Cash Flow Report Jun 2015
4/15/2015• Quarterly Activities & Cash Flow Report Mar 2015
4/13/2015• What next for the Stark Discovery - SAREIC Presentation
3/26/2015MTH: Spargoville JV Withdrawal
3/22/2015• Latest results confirm high-grade Cu-Ni-PGE potential at S...
3/18/2015• Spargoville JV Withdrawal
3/11/2015• Half Year Report December 2014
3/6/2015• BRR Interview New tenement expands land holding at the Sta...
1/20/2015• BRR Interview - Stark Copper Nickel PGE Discovery
12/22/2014• Board Changes
12/1/2014• BRR Interview Meekatharra Drilling Discussion
12/1/2014• Part Placement of Shortfall
11/30/2014• Meekatharra Drilling Underway
11/28/2014• AGM Notification of Results 2014
11/28/2014• AGM Chairman's Address
11/28/2014• Shortfall Notification
11/12/2014• Dispatch of Rights Issue Documents
10/21/2014• BRR Interview September Quarterly Report Discussion
2/18/2014MTH Update - MD's Presentation to RIU Explorers Conference
1/24/2014MTH Update - BRR Interview Dec 2013 Quarterly
12/20/2013MTH Update - MTH Expands Landholdings within Murchison Distr...
11/20/2013MTH Update - Harts Range JV Completion
10/28/2013MTH Recent ASX Announcements
10/17/2013MTH Update - East Arunta Copper Drilling Results
9/12/2013MTH Update - MMG Expands East Arunta Nickel Search
9/3/2013MTH Update - BRR Interview Successful Capital Raising
9/3/2013MTH Update - Successful Capital Raising
8/5/2013MTH Investor Update August 2013
7/17/2013MTH Update - BRR Interview June 2013 Quarterly Report Discus...
7/16/2013MTH Resources Update - Quarterly Activities and Cash Flow Re...
6/17/2013MTH Investor Update June 2013
4/30/2013MTH Update - 2013 SAREIC Conference Presentation
4/15/2013MTH Update - East Arunta Fieldwork Commences
4/15/2013MTH Company Update Presentation April 2013
3/27/2013MTH Update - Further High Gold at Spargos Reward
3/20/2013(Huckitta)MTH Update - MMG Aeromagnetic Survey Underway at Huckitta
3/19/2013MTH Update - MTH AGES Conference Illogwa IOCG Presentation
2/13/2013MTH Update - RIU Explorers Conference 13 February 2013
7/6/2012MTH Investor Update Presentation
4/17/2012News Release
3/2/2012News Release
2/27/2012News Release
12/12/2011News Release
11/29/2011News Release
9/6/2011News Release
8/31/2011News Release
8/30/2011News Release
8/1/2011Rescources Update
5/3/2011News Release
4/29/2011News Release
2/15/2011News Release
2/14/2011News Release
6/19/2009Investor Update
2/17/2009Cash Sale of Mineral Sands Interests
12/15/2008are pleased to report that additional rockchip sampling
12/12/2008application for quotation of additional securities
12/7/2008News Release
12/1/2008SA Explorers Conference
11/17/2008Asx Release
10/2/2008awarded drill funding for Indiana Property
9/30/2008acquires further exploration interests in the vicinity of Bl...
9/15/200815 September 2008
9/5/2008EXECUTIVE CHANGES
8/25/2008NEW VANADIUM-MAGNETITE PROSPECT
7/28/2008 REPORT FOR THE QUARTER ENDING 30 JUNE 2008
5/16/2008Resources Update
4/29/2008Quarterly Report March 2008
3/18/2008Musgrave Exploration Update
2/11/2008 Commences Aircore Drilling on Musgrave Tenements and Receiv...
10/30/2007 Quarterly Activities Report
10/2/2007Drilling Commences on the Silver Swan North JVContent-class:...
8/6/2007 to Float NSW Copper-Gold Assets with Meridian Minerals Limi...
8/6/2007Drilling Commences at the Pipeline Copper Prospect
8/3/2007Drill Results from the Dominion JV Confirm Presence of Nicke...
7/27/2007South Australia Musgrave Access
7/2/2007Further Drilling Planned on the Silver Swan North JV
4/30/2007Drilling Commences on the Dominion Joint Venture
3/23/2007Adds Four Tenements to its South Australia Musgrave Explorat...
3/16/2007Drilling Commences on Silver Swan North Joint Venture
3/9/2007Formulates Joint Venture on the Indiana Project Northern Ter...
2/28/2007Approval to Proceed with Applications for Access to Musgrave...
3/8/2006(Pardoo (highway And Supply Well))Nickel sulphide joint venture with Yilgarn Mining Limited
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