Mithril Resources Ltd

Published : March 22nd, 2015

• Latest results confirm high-grade Cu-Ni-PGE potential at Stark

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• Latest results confirm high-grade Cu-Ni-PGE potential at Stark

20150323 Latest results confirm high-grade copper-nickel-PGE potenial at Stark FINAL

ASX Release - 23 March 2015

Latest results confirm high-grade copper-nickel-PGE potential at Stark

Drill results from recent Diamond drill program extend copper-nickel-PGE mineralised zone and confirm Stark's high-grade potential, including (downhole widths):

o 16.37m @ 0.40% copper, 0.07% nickel, and 0.20g/t (gold + platinum + palladium - "PGE's")

including; 0.27m @ 0.41% copper, 1.62% nickel, and 1.60g/t PGE's and

0.43m @ 2.19% copper, 0.12% nickel, and 0.77g/t PGE's

o 0.15m @ 13.70% copper, 0.16% nickel, 3.94g/t PGE's, and 73.7g/t silver

New intercepts lie approximately 40 and 80 metres down dip respectively of two previous drill intercepts: 4m @ 1.91% copper, 0.18% nickel, and 0.96g/t PGE's, and 2m @ 1.04% copper, 0.18% nickel, and 0.49g/t PGE's

Copper-nickel-PGE mineralisation lies on basal contact of mafic intrusion with potential new

"hanging wall" nickel zone identified

Mineralisation intersected over 1 kilometre strike and remains open in all directions

High-powered ground and downhole EM to define next round of drill targets commencing shortly


Mithril Resources Ltd (ASX: MTH) is pleased to advise that recently completed Diamond drilling at the Stark prospect (located 80 kilometres south east of Meekatharra, WA - Figures 1 and 2) has extended the zone of copper-nickel-PGE mineralisation, and confirmed the prospect's high-grade potential, with a number of strong assay results returned including (downhole widths);
16.37m @ 0.40% copper, 0.07% nickel, and 0.20g/t (gold + platinum + palladium - "PGE's") from 213.43 metres in NDD15001, including; 0.27m @ 0.41% copper, 1.62% nickel, and 1.60g/t PGE's from 213.43 metres and 0.43m @ 2.19% copper, 0.12% nickel, and 0.77g/t PGE's from 213.70 metres,
0.6m @ 3.81% copper, 0.05% nickel, 1.05g/t PGE's, and 19.1g/t silver from 246.35 metres in NDD15001, including; 0.15m @ 13.70% copper, 0.16% nickel, 3.94g/t PGE's, and 73.7g/t silver from 246.35 metres.

The latest intercepts were returned from disseminated and massive sulphides (pyrrhotite-chalcopyrite- pentlandite-pyrite) that occur both within, and at the base of a mafic (gabbro) intrusion adjacent to a Banded Iron Formation (BIF) and metasedimentary sequence (Figure 3). The drilling also intersected disseminated sulphides (chalcopyrite) within the metasediments below the base of the intrusion (Figure 4).

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As well as confirming Stark's high-grade potential, the latest intercepts suggest that mineralisation at the base of the mafic intrusion is continuous down-dip with the very high-grade copper intercept in NDD15001 (0.15m @
13.70% copper, 0.16% nickel, 3.94g/t PGE's, and 73.7g/t silver) lying 40 and 80 metres respectively, down dip of two earlier Mithril drill holes - NRC14008 (4m @ 1.91% copper, 0.18% nickel, and 0.96g/t PGE's), and NRC14003 (2m @ 1.04% copper, 0.18% nickel, and 0.49g/t PGE's)(Figure 3).
The NDD15001 intersection also occurs at the lower edge of a late stage dolerite dyke that appears to have partially "stoped out" the basal contact mineralisation in the vicinity of the drill hole, and as such, the intersection may represent the remains of a thicker zone of copper mineralisation that was present before the dyke was emplaced. This concept will be tested by further drilling in future programs.
The latest results also demonstrate the potential for multiple mineralised horizons at Stark.
The zone of nickel mineralisation in NDD15001 (from 213.43 metres) occurs above the base of the mafic intrusion and is interpreted to be a new "hanging wall" position which has not been previously intersected and remains open in all directions (Figure 3).
The new results lie within the central portion of a 500m long series of modelled EM plates at the southern end of a broader 1km long zone of bedrock copper-nickel-PGE mineralisation (Figure 5) which remains open both north and south along strike.
Throughout the 1km zone, only eight RC and Diamond holes have been drilled - all by Mithril since December last year.
Stark is rapidly emerging as a significant copper-nickel-PGE discovery and to define the next round of drill targets, a program of high-powered ground and downhole electromagnetic surveying will commence shortly. Recent heavy rainfall at Stark has delayed the arrival of the geophysics contractor.
Stark lies within the Nanadie Well Project located 80 kilometres south east of Meekatharra, WA (Figure 1) on tenements subject to a Farmin and Joint Venture Agreement with Intermin Resources Limited (ASX: IRC).
Under the terms of the joint venture, Mithril can earn a 60% interest in the project tenements by completing expenditure of $2M by 14 April 2018, and an additional 15% by completing further expenditure of $2M over a further 2 years (in total $4M over 6 years for 75% - see ASX Announcement dated 6 December 2013).

Table 1: Drilling Details

Prospect

Hole Id

Easting

Northing

Dip°

Azi°

EOH Depth

Comments

Stark

NDD15001

694,232

6,994,112

-60

260

273.6 metres

Cased for DHEM

Stark

NDD15002

694,191

6,994,198

-58

262

350.2 metres

Diamond tail to NRC14002 - drilled from 304.2 metres to 350.2 metres. Cased for DHEM

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Figure 1: Project Location Plan


Figure 2: Stark Prospect - drill hole location plan with EM image as background.

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WEST 100m E 200m E EAST

Stark Gossan

Natura/ surface

Rock chip sampling- 8.86% eu, 0.44% Ni, 0.22g/t Pt+Pd and 0.23% eu, 0.26%Ni, 0.09g/t Pt+Pd)

?

-50m

-100m

2m@ 1.04%Cu, 0.18%Ni,

0.49g/t PGE's

-150m

-- Geologica! contact

- Dolerite dyke (cross cutting)

- Banded lron Formation (BIF)

- Gabbro

c::::::::J Metasediments

0---...; Drillhole

0.27m@ 0.41%Cu, 1.62%Ni, 1.60g/t PGE's and

0.43m@ 2.19%Cu, 0.12%Ni, 0.77g/t PGE's

16.37m@ 0.40%Cu, 0.07%Ni, 0.20g/t PGE's

0.6m@ 3.81%Cu, 0.05%Ni, 1.05g/t PGE's including

0.15m@ 13.70%Cu, 0.16%Ni, 3.94g/t PGE's

- Gossan

- - Top of fresh rock (TOFR)

c::::::::J Modelled EM conductor plate c::::::::J Weakly disseminated sulphide c=J Strongly disseminated/stringer

sulphide

Semi-massive sulphide o

Scale

MITHRIL

RESOURCES LTD

WESTERN AUSTRALIA

STARK PROSPECT

6,994,050N Cross Section

50 Looking North

- Massive sulphide

=================

metres

18 March 2015

Nanadie_16

Figure 3: Stark Prospect 6,994,050N Cross Section



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WEST

694,000m E 694,100m E 694,300m E

EAST

Natura/ surface

Auger bedrock sample

0.52% Cu, 0.03% Ni, 0.29g/t Pt+Pd

-100m

-200m

. H4m @ 0.28%Cu, 0.06%Ni, 0.49g/t PGE's

..::: ... . ev"'

.:::::::: .. i

·::::. ·:::::\ 8m @ 0.29%Cu, 0.06%Ni, 0.35g/t PGE's

. . ·: .. 'l

. l

Geologica! contact

· J

-300m

4m @ 0.37%Cu,

0.07%Ni,

0.21g/t PGE's

3m @ 0.43%Cu, "--'--0.12%Ni,

0.31g/t PGE's

c::::J Surface cover

Breccia zone

Banded lron Formation (BIF) Gabbro

c::::J Metasediments

Drillhole

-- Top of fresh rock (TOFR)

c::::J Modelled EM conductor plate

c::::J Weakly disseminated sulphide

c::J Strongly disseminated/stringer sulphide

Semi-massive sulphide

- Massive sulphide

-400m

o

5m@ 0.39%Cu, 0.07%Ni, 0.15g/t PGE's

Scale

100

MITHRIL

RESOURCES LTD

WESTERN AUSTRALIA

STARK PROSPECT

6,994,200N Cross Section

=====================

metres

Looking North

18 March 2015

Nanadie_17

Figure 4: Stark Prospect 6,994,200N Cross Section



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Figure 5: Stark Prospect long section showing surface mineralisation, modelled ground EM conductor plates and all drill hole pierce points


Table 2: Drill Hole Assay Results (new results included in this announcement shown in red). Length weighted intersections determined using a 0.2% copper lower cut-off.

Prospect

Hole Id

From

Width

Cu (%)

Ni (%)

Au (g/t)

Pt (g/t)

Pd (g/t)

Au+Pt+Pd (g/t)

Ag (g/t)

Stark

NDD15001

213.43

16.37

0.40

0.07

0.06

0.03

0.11

0.20

-

including

213.43

0.27

0.41

1.62

0.05

0.01

1.54

1.60

-

and

213.70

0.43

2.19

0.12

0.23

0.06

0.48

0.77

-

"

"

246.35

0.60

3.81

0.05

0.31

0.09

0.65

1.05

19.1

including

246.35

0.15

13.70

0.16

1.23

0.31

2.40

3.94

73.7

"

NRC14001

28

11

0.33

0.06

-

0.07

0.24

0.31

-

"

"

51

6

0.30

0.07

0.01

0.06

0.22

0.29

-

"

NRC14002

190

4

0.28

0.06

0.14

0.05

0.29

0.49

-

"

"

261

8

0.29

0.06

0.07

0.06

0.23

0.35

-

"

"

274

3

0.43

0.12

0.05

0.09

0.17

0.31

-

"

NDD15002

304.60

4.00

0.37

0.07

0.06

0.05

0.11

0.21

-

"

"

312.80

9.35

0.33

0.07

0.04

0.04

0.12

0.20

-

"

"

333.00

5.00

0.39

0.07

0.05

0.02

0.08

0.15

-

"

NRC14003

144

13

0.44

0.08

0.03

0.05

0.17

0.24

-

including

152

2

1.04

0.18

0.06

0.04

0.39

0.49

-

"

NRC14005

191

4

0.27

0.08

0.03

0.10

0.23

0.36

-

"

NRC14006

60

7

0.04

0.03

0.04

0.22

0.41

0.66

-

"

"

101

5

0.27

0.08

0.05

0.07

0.09

0.22

-

"

NRC14007

24

2

0.32

0.01

0.02

0.09

0.10

0.21

-

"

"

76

2

1.32

0.03

0.18

0.20

0.42

0.80

-

"

NRC14008

151

10

0.49

0.05

0.09

0.11

0.25

0.45

-

"

"

169

5

0.55

0.04

0.02

0.06

0.17

0.25

-

"

"

183

16

0.81

0.09

0.12

0.07

0.20

0.39

-

including

194

4

1.91

0.18

0.32

0.19

0.45

0.96

-

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JORC Code, 2012 Edition - TABLE 1

Section 1: Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random

chips, or specific specialised industry standard

measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Diamond drilling was completed at the Stark copper-nickel-PGE

prospect.

Quarter core samples were collected on the basis of geological intervals and will typically range in length from 0.25 to 1 metre.

Sampling techniques

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Each drill hole location (easting and northing) was collected by a

handheld GPS. Detailed logging of Collar, Drilling, Survey,

Lithology, Sample, and Magnetic Susceptibility information was completed for every metre, or as necessary, for each drill hole.

All logging and sampling protocols remained constant throughout the program.

Sampling techniques

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

NQ Diamond drill core was obtained for geological logging and

sampling purposes.

Quarter core samples were collected on the basis of geological intervals and typically range in length from 0.25 to 1 metre. Samples (typically 1 - 3kg sample weights were collected for geochemical analysis by ALS Laboratories in Perth, WA.

In the laboratory, samples were crushed (~10mm) and pulverised to produce a representative 25g sub-sample for analysis using fire assay with ICP-MS finish for Au, Pt, and Pd (PGM-ICP23 - Lab Code) and four acid digest with ICP-AES finish for Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, K, La, Li, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sn, Sr, Te, Ti, Tl, V, W, and Zn (ME-ICP61 - Lab Code).

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer,

rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of Diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

A LF90D Diamond drill rig was used to complete the program. Drill rod size was HQ followed by NQ.

Drill sample recovery

Method of recording and assessing core and chip sample

recoveries and results assessed.

Drill core recoveries were recorded at the time of logging.

Drill sample recovery

Measures taken to maximise sample recovery and ensure

representative nature of the samples.

No measures taken to maximise sample recovery.

Drill sample recovery

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

No relationship has been identified.

Logging

Whether core and chip samples have been geologically and

geotechnically logged to a level of detail to support

appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Detailed logging of Collar, Drilling, Survey, Lithology, Sample, and

Magnetic Susceptibility information was completed in each hole.

Lithology and Magnetic Susceptibility was logged for every metre intervals, and Surveys collected every 30 - 50m down hole.

Logging

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography

Logging of core samples is of a qualitative nature.

Drill core is logged for lithology, colour, texture, weathering, minerals, alteration, and sulphide percentage and type, with comments included as necessary. Photos of the core are taken for the entire hole. Logging is qualitative in nature.

Logging

The total length and percentage of the relevant

intersections logged.

Every hole was logged (Lithology and magnetic susceptibility) for

every metre (entire length of hole).

Sub- sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or

all core taken.

Diamond drill core was sawn and quarter core samples were

submitted for analysis.

Sub- sampling techniques and sample preparation

If non-core, whether riffled, tube sampled, rotary split, etc.

and whether sampled wet or dry.

Not applicable as only core samples are to be collected.

Sub- sampling techniques and sample preparation

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

The sample preparation of the Diamond drill core samples follows

industry best practice, involving oven drying (110°C) where necessary, crushing and pulverising (~90% less than 75μm).

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Criteria

JORC Code explanation

Commentary

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Along with the core samples, standards and blanks were inserted

(around every 50 samples) and were included in the laboratory analysis process. Standards were Certified Reference Material (from Geostats Pty Ltd) of varying grades of Cu and Ni, and blanks were coarse sand.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

For each quarter core sample submitted for analysis, the remaining drill core sample has been retained for future analysis if warranted. Drill core was also photographed prior to sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled

Sample sizes are considered appropriate for the exploration

method and produce results to indicate degree and extent of

mineralisation.

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying

and laboratory procedures used and whether the technique is considered partial or total.

Fire Assay and a four acid digest are considered near total digest and are appropriate for the type of exploration undertaken.

Quality of assay data and laboratory tests

For geophysical tools, spectrometers, handheld XRF

instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

A handheld XRF instrument (NITON) was used in the field to assist with identifying anomalous base metal zones. Magnetic susceptibility readings were also taken of each sample.

Quality of assay data and laboratory tests

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

The laboratory will complete repeats analysis on samples

returning >10000 ppm Cu and Ni, >5% S, and >20% Mg. Routine (around 1 in 30) repeats and regular blanks and standards analysed throughout. From results achieved it is determined an acceptable level of accuracy and precision has been established.

Verification of sampling and assaying

The verification of significant intersections by either

independent or alternative company personnel.

Results included within were verified by the Company's Geology

Manager and Managing Director.

Verification of sampling and assaying

The use of twinned holes.

While no twin holes were drilled, the new Diamond drill holes

described in this report were drilled down dip and along strike

from existing mineralised RC drill holes.

Verification of sampling and assaying

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Collar locations were predetermined in the office and modified in

the field as necessary (dependent on access etc.). All data

collection (lithology logging, sampling, etc.) was completed at each drill hole location as hole was being drilled. Data initially written on paper log sheets. A complete data set (excel spreadsheet) will be created by Mithril on completion of the program, based on all information collected. Following verification, all data will be included in an Access Database.

Verification of sampling and assaying

Discuss any adjustment to assay data

No adjustments have been applied to assay data,

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Each drill hole location (easting and northing) was collected by a handheld GPS. Down hole surveys were recorded using an electronic surveying tool which is supported by quality checks that quantify anomalies allowing drillers to record survey data accurately without errors.

Location of data points

Specification of the grid system used.

Data points have been quoted in this Report using the MGA Zone

50 (GDA94) coordinate system.

Location of data points

Quality and adequacy of topographic control.

Level of topographic control offered by the handheld GPS was

considered sufficient for the work undertaken.

Data spacing and

distribution

Data spacing for reporting of Exploration Results.

There was no pre-determined grid space for the program, drill

holes based on specific targeting.

Data spacing and

distribution

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

The data spacing and distribution is not sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s).

Data spacing and

distribution

Whether sample compositing has been applied.

No sample compositing has been applied.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

While Diamond drill core will provide structural information about

the mineralisation, due to the lack of drilling at the prospect and its early stage nature, unable to comment whether the sampling undertaken to date has achieved an unbiased sampling of possible structures.

Orientation of data in relation to geological structure

If the relationship between the drilling orientation and the

orientation of key mineralised structures is considered to

No orientation based sampling bias has been identified.

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Criteria

JORC Code explanation

Commentary

have introduced a sampling bias, this should be assessed

and reported if material.

Sample security

The measures taken to ensure sample security.

All drill samples were collected by company personnel and stored

in a secure location until completion of the program. Samples were taken to the ALS Laboratory in Perth.

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

All results were reviewed by Company personnel including the

Geology Manager and Managing Director. No negative issues were identified from these reviews.

JORC Code, 2012 Edition - TABLE 1

Section 2: Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The work described in this Report was undertaken on Exploration Licence 51/1040 which is owned by Intermin Resources and in which, Mithril has the right to earn up to a

75% interest by completing $4M expenditure over 6 years

(See ASX Announcement dated 6 December 2013).

Mineral tenement and land tenure status

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

There are no existing impediments to the tenements.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

Intermin estimated a 2004 JORC Code Compliant Inferred

Resource for the Nanadie Well Copper Deposit of 36.07Mt @

0.42% Cu in September 2013.

This work followed the completion of various previous RAB, RC and geophysical surveys throughout the area by Intermin and previous exploration companies.

Geology

Deposit type, geological setting and style of mineralisation.

The Nanadie Well Copper Deposit and Stark prospect is interpreted to be an Archaean - age, mafic-hosted magmatic copper-nickel deposit. Disseminated copper (+/- lead, zinc, nickel) sulphide mineralisation occurs within a package of structurally deformed mafic lithologies.

Drill hole

Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

easting and northing of the drill hole collar, elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar, dip and azimuth of the hole,

down hole length and interception depth, hole length.

A summary of the Diamond drilling referred to in this Announcement is presented in Tables 1 and 2 of the Report. Also see Figures within this Announcement.

Drill hole

Information

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

No information has been excluded

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

Length weighted averaging of drill results was applied where an intercept contained internal intervals of varying (non- equal) lengths.

For reporting copper and nickel results, a lower cut-off grade of 0.25% has been applied. No upper cut offs have been applied. No cut-off grades have been applied to reporting of PGE's.

Data aggregation methods

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

Length weighted averaging of drill results was carried out according to the following formula:

[Sum of (all individual assay values x corresponding individual sample length for selected intersection)] divided by [total length of selected intersection].

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Criteria

JORC Code explanation

Commentary

The assumptions used for any reporting of metal equivalent values should be clearly stated.

No metal equivalents reported

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

Widths of mineralisation have not been postulated. All mineralised intervals quoted in this announcement are quoted as downhole widths only.

Relationship between mineralisation widths and intercept lengths

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

While the geometry of the mineralisation is not known, the orientation of the drillholes in relation to the interested geology is shown in the figures in this announcement.

Relationship between mineralisation widths and intercept lengths

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. 'down hole length, true width not known').

The Exploration Results in this Announcement are reported as down hole widths only as true widths are not known.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

See Figures including in this announcement.

Balanced reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All results are reported.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

All relevant data has been included within this Report

Further work

The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step- out drilling).

Further drilling and downhole EM surveying is planned as a further test of the Stark copper - nickel mineralised zone outlined in this Announcement.

Further work

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Figures 1 and 2 displays areas of interest within the Nanadie

Well area

ENDS

For Further Information Contact:

Mithril Resources Ltd

David Hutton, Managing Director

[email protected]

58 King William Road

Goodwood, South Australia 5034

ABN: 30 099 883 922

T: (61 8) 8378 8200

F: (61 8) 8378 8299 www.mithrilresources.com.au

Competent Persons Statement:

Mr Hutton has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 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.

About Mithril Resources Ltd:

Mithril Resources Ltd is an Australian exploration company focused on the discovery and development of base metal deposits primarily copper. Mithril is a frontier explorer with 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 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:

421,043,293

Page 10 of 10

www.mithrilresources.com.au

E:

[email protected]

Market Capita

lisation: $2.10 million

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Mithril Resources Ltd

EXPLORATION STAGE
CODE : MTH.AX
ISIN : AU000000MTH3
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Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
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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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