Mithril Resources Ltd

Published : November 30th, 2014

• Meekatharra Drilling Underway

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

• Meekatharra Drilling Underway

ASX Release - 1 December 2014

Meekatharra drilling underway

1,700 metre RC drill program testing 4 priority copper-nickel targets now underway

Drill targets include new ground EM conductors beneath surface mineralisation at the Stark copper-nickel prospect

Results expected by mid - late January 2015


Mithril Resources Ltd (ASX: MTH) advises that a 1,700 metre reverse circulation drill program to test four priority copper-nickel targets at the Nanadie Well Project, is now underway.
Nanadie Well is located 80 kilometres south east of Meekatharra, WA (Figure 1) and includes the Stark copper- nickel prospect and the Nanadie Well Copper Deposit (151,506 tonnes copper metal)*.

Drilling commencement follows last week's successful Rights Issue which raised $523,524 (ASX Announcement dated 28 November 2014).
The details of the drill targets (the Northern, Central and Southern EM conductors, and Nanadie Well North) are given in an ASX Announcement entitled "Meekatharra drill program to commence first week of December" (dated 21 November 2014) and their locations are shown in Figure 2.
The Company looks forward to providing further drilling updates with first results expected by mid - late January
2015.

Stark and the Nanadie Well North are located 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 up to a 75% interest in the project tenements by completing expenditure of $4M over 6 years with a minimum expenditure of $250,000 required by 14 April 2015 and before any withdrawal (ASX Announcement dated 6

December 2014).

Figure 1: Stark Prospect / Nanadie Well Location Plan

58 King William Road

T:

(61 8) 8378 8200

ASX Code:

MTH

Goodwood, South Australia, 5034

www.mithrilresources.com.au

F:

E:

(61 8) 8378 8299

[email protected]

Issued Shares:

Market Capital

316,657,750

isation: $2.53million

Page 1 of 3

692.000mE 694,000 IT'E

OPEN o

Nanadie TMI image

6,996,000 mN

Nanadie Well Copper Deposit

151,506t copper metal

6,994,000 mN o

OPEN

o

o

c::::J Mithril JV tenement

(MTH earmng 75%) o

o RAB drillhole collar

RC drillhole collar o- Proposed drillhole c:J Resource outline

(0.1% eu Cut off)

Bedrock copper minerelised zone (+0.1%Cu)

-Subcroppi ng copper-nickel z:one

MITHRIL

R ESOU RCii.S LTD

WESTERN AUSTRALIA

STARK COPPER-NICKEL PROSPECT

EM Summary Pian

18 Novernber 2014

Figure 2: Stark prospect area showing the surface mineralised zone, Nanadie Well Copper Deposit, ch18

EM image (Z-axis) with bedrock EM conductors labelled and proposed drill holes. Background image is

TMI magnetics.



58 K1n g W llllam Road T: (618) 8378 8200 ASX Code: MTH

Goodwood, South Australia, 5034 F : (618) 8378 8299 lssued Shares: 316,657,750 Page 2 of 3 www.m1thnlresources.com. au E: admm@ m1 th nlresources. com. au Market Cap1 tal1sat1on: $2.53 milllon

* A 2004 JORC Code Compliant Inferred Resource of 36.07Mt @ 0.42% copper (151,506 tonnes copper / 74,233 ounces gold) was estimated for the Nanadie Well Copper Deposit by Intermin in September 2013. Refer to Intermin Resources' ASX Announcement "Initial Res ource Estimate for the Nanadie Well Cu-Au Project" dated 19 September 2013.The information pertaining to the Nanadie Well Copper Deposit Inferred Resource was prepared and first disclosed by Intermin Resources under the JORC Code 2004. It has not been updated si nce to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

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:

The information in this report that relates to Mineral Resources is based on information compiled by Mr David O'Farrell who is a full‐time employee of Intermin Resources Limited and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr O'Farrell 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 O'Farrell consents to the inclusion in the report of the matters based on his information in the

form and context in which it appears.

The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr David Hutton, who is a Competent Person, and a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Hutton is Managing Director and a full-time employee of Mithril Resources Ltd.

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:

316,657,750

Page 3 of 3

www.mithrilresources.com.au

E:

[email protected]

Market Capital

isation: $2.53million

Read the rest of the article at www.noodls.com
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Mithril Resources Ltd

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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
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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
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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
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3/18/2015• Spargoville JV Withdrawal
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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
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9/3/2013MTH Update - BRR Interview Successful Capital Raising
9/3/2013MTH Update - Successful Capital Raising
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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
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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
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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:...
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7/27/2007South Australia Musgrave Access
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3/16/2007Drilling Commences on Silver Swan North Joint Venture
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