Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Mithril Resources Ltd

Publié le 26 juillet 2016

• Quarterly Activities & Cash Flow Report June 2016

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   9/11 | Copper | Lithium | Mines | Nickel | Potassium |

• Quarterly Activities & Cash Flow Report June 2016

20160630 Mithril Quarterly June 2016 FINAL

Quarterly Report

For the Period Ending 30 June 2016

Key Points

Lignum Dam Project (Gold)

  • Recently granted, wholly owned project with multiple gold targets identified directly along strike from KalNorth's Lindsay's Gold Project (Resources of 3.97Mt @ 1.7g/t gold - 215Koz gold)

  • Targets prioritised on basis of surface geochemistry and existing bedrock gold mineralisation in historic drilling that include:

    o FFB008 - 3m @ 1.40g/t from 17 metres including 1m @ 2.26g/t at the bottom of hole

  • The targets remain largely underexplored with results awaited from recent geological mapping and sampling programme

    Coompana (Nickel - Copper)

  • OZ Minerals Limited (ASX: OZL) entered into a Heads of Agreement with Mithril to explore South Australia's far western Coompana Province for magmatic nickel - copper deposits.

    Spargos Reward (Lithium)

  • Historic lithium mineral occurrences and targets identified 18 kilometres south of NeoMetals Ltd.'s Mt Marion Lithium Project

  • Four targets display strong similarities to Mt Marion with no recent exploration

    Duffy Well (Gold)

  • Doray Minerals (ASX: DRM) undertook a high-resolution aeromagnetic survey over the project area to prioritise gold targets ahead of RAB / aircore drilling planned for the September 2016 Quarter

    Exploration Outlook

  • Ongoing evaluation of the Company's Kalgoorlie lithium, gold and nickel opportunities, as well as commencement of Coompana target generation activities will be the Company's primary focus for the September 2016 Quarter.

    Corporate and Cash

  • Cash reserves of $0.63M at 30 June 2016

22B Beulah Road

T:

(61 8) 8132 8800

ASX Code:

MTH

Norwood, South Australia, 5067

F:

(61 8) 8132 8899

Issued Shares:

566,879,066

Page 1 of 9

www.mithrilresources.com.au

E:

[email protected]

Market Capital:

A$4.53 million

Exploration Overview

Mithril Resources ("Mithril") and its joint venture partners are exploring for gold, lithium, and nickel - copper - PGE's primarily throughout the Kalgoorlie and Meekatharra Districts of Western Australia (Figure 1).

During the June 2016 Quarter (the "Quarter") Mithril identified and field checked new gold and nickel sulphide targets at Lignum Dam and Grey Dam South (Kalgoorlie), identified new lithium targets at Spargos Reward (Kalgoorlie), and highlighted the lithium potential of the Leaky Bore Project (East Arunta).

Doray Minerals (ASX: DRM), Mithril's gold exploration partner at Duffy Well (Meekatharra) prioritised gold targets for drill testing in the September 2016 Quarter and Chesser Resources (ASX: CHZ), identified new gold and nickel targets at Kurnalpi (Kalgoorlie).

Subsequent to the Quarter's End, OZ Minerals Limited (ASX: OZL) entered into a Heads of Agreement with Mithril to explore South Australia's far western Coompana Province for magmatic nickel - copper deposits.

Corporate

Figure 1: Project Location Plan

During the Quarter, the Company spent $0.13M on its exploration activities outlined in this report and at 30 June 2016, the Company had cash reserves of $0.63M.

Lignum Dam Project (Gold)

(Mithril 100%)

Located 50 kilometres NNE of Kalgoorlie in Western Australia (Figures 1 and 2), Lignum Dam covers a package of gold and nickel prospective Archaen mafic, ultramafic, and felsic rocktypes directly along strike from KalNorth GoldMines' (ASX: KGM) Lindsay's Gold Project ("Lindsay's") within a defined structural corridor prospective for gold mineralisation.

At Lindsay's, KalNorth has defined Total Resources of 3.97Mt @ 1.7g/t gold for 215,100 ounces of contained gold including the high-grade Parrot Feathers deposit (401,000t at 4.2g/t Au for 54,000 ounces of contained gold). Historic drill intercepts at Parrot Feathers include 4m at 7.88g/t Au and 3m at 7.89g/t Au. (KalNorth ASX Announcement dated 10 May 2016).

Mithril's review of previous exploration activity undertaken over Lignum Dam has identified multiple gold targets including coherent surface gold geochemical anomalies and highly anomalous gold in shallow historic drilling up to 2.26g/t over individual metres.

Of note is historic drill hole FFB008 that finished in 3m @ 1.40g/t gold from 17 metres with the last metre returning 1m @ 2.26g/t. The hole occurs at the end of a drill traverse and has not been followed up.

Significantly all of the targets lie within a prospective corridor (interpreted from aeromagnetic and gravity data) that extends in a north westerly direction from Lindsay's through the project area.

Despite their location, the targets remain largely underexplored with previous exploration typically comprising wide - spaced shallow reconnaissance drilling, surface geochemical sampling and geophysics.

At the end of the Quarter, Mithril conducted a small programme of geological mapping and surface sampling of the targets, the results of which are awaited.

Coompana Project (Nickel-Copper-PGE's)

(OZ Minerals / Mithril)

Subsequent to the Quarter's End, OZ Minerals Limited (ASX: OZL) entered into a Heads of Agreement with Mithril to explore seven exploration licences in South Australia's far western Coompana Province for magmatic nickel - copper sulphide deposits (Figures 1 and 4).

Mithril will undertake a target generation exercise at Coompana in the first instance, with a view to identifying potential drill targets on the relevant tenements. OZ Minerals will invest $250,000 as part of the stage one targeting.

If Mithril identifies potential drill targets, and the outcome of the exercise is acceptable to both parties, then negotiations would advance to a formal joint venture to undertake exploration on the relevant tenements. Initial drill testing could be conducted by Mithril in the early half of 2017 and Mithril can elect to earn 20% interest by funding $400,000 of a $2m exploration program with the balance funded by OZ Minerals.

If the partnership extends to the drill testing phase, OZ Minerals will assist Mithril Resources to undertake a capital raising in support of the program.

Spargos Reward Project (Lithium)

(Mithril 35%, Corona Minerals 65%)

Spargos Reward is located 18 kilometres south of Neometals Ltd.'s (ASX: NMT) Mt Marion Lithium Project (approximately 55 km south of Kalgoorlie, Western Australia - Figures 1 and 2) and is prospective for both gold and lithium mineralisation.

A review of historical data conducted during the Quarter has identified multiple lithium targets that have been prioritised on the basis that they display strong similarities to the Mt Marion lithium deposits (NeoMetals Ltd.'s website and ASX Announcement dated 29 January 2016) in that they are pegmatite intrusions within a mafic - ultramafic rocks, cross cutting structural features, coincident radiometric (potassium) anomalies, and historic tin - tantalum - lithium mineral occurrences (see ASX Announcement dated 2 May 2016).

Despite occurring within close proximity to Mt Marion and the Spargos Reward Gold Deposit, none of the targets have received any modern-day lithium exploration and field evaluation is planned for the September 2016 Quarter

Corona Minerals and Mithril Resources are exploring the Project under the terms of the Spargos Reward Tenement Sale and Joint Venture Agreements whereby:

  • Corona has earnt a 65% interest in the Project tenements by paying Mithril $100,000 cash, and completing exploration expenditure of A$150,000 by 11 May 2016,

  • Corona has also elected to earn a further 20% equity (for a total of 85%) by sole funding exploration through to the completion of a positive scoping study on a 2012 JORC Code Compliant Mineral Resource.

The Spargos Reward Project comprises P15/4876-4883, 4886, 5763, 5791, and E15/1423. Minotaur Exploration Ltd (ASX: MEP) holds the nickel rights to P15/4876-4883, and 4886 which are excluded from the joint venture agreement on all other metals.

Duffy Well Project (Gold)

(Mithril 100%, Doray Minerals earning up to 85% and operating)

At Duffy Well, Doray Minerals Limited ("Doray" - ASX: DRM) is earning up to an 85% interest in Mithril's Duffy Well Project by completing exploration expenditure of $500,000 over 3 years.

Duffy Well (EL51/1649) is located 30 kilometres east of Meekatharra WA (Figures 1 and 3) and covers the interpreted southern extension of the Gnaweeda Greenstone Belt where Doray has intersected high-grade gold mineralisation in RC drilling at the Turnberry Prospect including 3m @ 10.1g/t gold from 149 metres, 5m @ 17.4g/t gold from 71 metres, and 4m @ 17.9g/t gold from 45 metres (Doray ASX Announcement dated 11 June 2015).

Previous exploration throughout the project area has comprised reconnaissance RAB and aircore drill traverses with little or no follow-up. Mithril's review of Duffy Well has identified two gold targets for initial follow-up.

Lying within the northern and central portions of the project, both targets are characterised by zones of structural complexity within favourable greenstone rocktypes and coincident combined bedrock gold (+50ppb) and arsenic (+100ppm) anomalism within wide-spaced drillholes.

During the Quarter, Doray completed a high-resolution aeromagnetic survey over the project area to prioritise gold targets ahead of RAB / aircore drilling planned for the September 2016 Quarter.

Kurnalpi Project (Nickel-Gold)

(Mithril 100%, Chesser Resources earning up to 80% and operating)

At Kurnalpi, Chesser Resources Limited ("Chesser" - ASX: CHZ) is entitled to earn up to an 80% interest in two recently granted tenements (EL28/2506 and PL28/1271) located at Kurnalpi (located 60 kilometres north east of Kalgoorlie, WA - Figures 1 and 2) by reimbursing Mithril's tenement acquisition costs and completing exploration expenditure of $250,000 over 4 years.

The Kurnalpi Project tenements are both wholly-owned by Mithril and cover Archaen ultramafic / mafic sequences which are prospective for both nickel sulphide and lode gold mineralisation.

During the Quarter, Chesser field checked a number of gold and nickel sulphide targets that had been identified from a review of historical exploration data. At the time of writing, the results of the field work (including rock chip sampling) were awaited.

Grey Dam South (Nickel)

(Mithril 100%)

Grey Dam South is located at Kurnalpi immediately south of the Grey Dam Nickel Laterite Resource (14.5Mt @ 0.7% nickel - KalNorth Gold Mines ASX Announcement dated 25 October 2013) (approximately 65 kilometres

Lire la suite de l'article sur www.publicnow.com

Mithril Resources Ltd

EXPLORATEUR
CODE : MTH.AX
ISIN : AU000000MTH3
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Mithril Res est une société d’exploration minière de nickel et de cuivre basée en Australie.

Mithril Res détient divers projets d'exploration en Australie.

Ses principaux projets en exploration sont MUSGRAVE, DOMINION JV, CASEY PROJECT, SILVER SWAN NORTH, HAMMER HILL, HUCKITTA, PARDOO (HIGHWAY AND SUPPLY WELL), HOME OF BULLION, PROSPECT D et KALLI en Australie.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Présentations des Compagnies de Mithril Resources Ltd
31/07/2007Fourth Quarte Activities Report
Rapports annuels de Mithril Resources Ltd
• Full Year Statutory Accounts
2008 Annual Report
Rapports Financiers de Mithril Resources Ltd
14/09/2016• Half Year Report June 2016
21/10/2015MTH Update - Quarterly Activities & Cash Flow Report Sep 201...
22/07/2015MTH Update - Quarterly Activities & Cash Flow Report Jun 201...
15/04/2015MTH Update - Quarterly Activities & Cash Flow Report Mar 201...
23/01/2014MTH Update - Quarterly Activities & Cash Flow Report Dec 201...
29/04/2013MTH Update - Quarterly Activities and Cash Flow Report March...
25/07/2012MTH Quarterly Activities and Cash Flow Report June 2012
Projets de Mithril Resources Ltd
10/09/2015• Gold exploration to commence at Spargos Reward
17/02/2014MTH Update - New Nickel Targets at West Kambalda
18/12/2013MTH Update - New Results Reinforce High-Grade Potential of N...
11/12/2013MTH Update - New Gold Targets at West Kambalda
05/12/2013MTH Update - Acquisition of Advanced Copper Project
26/11/2013MTH Update - Mithril Resources Ltd AGM 2013
08/10/2013MTH Exploration Update
04/10/2013MTH Update - MMG East Arunta Nickel Drilling Underway
09/09/2013MTH Update - East Arunta Copper Drilling Underway
19/08/2013MTH Update - East Arunta Copper Drilling Program
07/08/2013MTH Update - BRR Interview East Arunta Drilling Program Upda...
01/08/2013MTH Update - East Arunta Copper Drilling Update
03/06/2013MTH Update - BRR Interview Mithril discusses its Copper Targ...
27/05/2013MTH Update - Fieldwork Rapidly Progressing NT Copper Targets
22/01/2013MTH Update - BRR Interview High-grade gold intersected at Sp...
21/01/2013MTH Update: High-grade gold intersected at Spargos Reward
11/12/2012BRR Interview Drilling commences at Spargos Gold Mine
23/10/2012Strong exploration results reinforce prospectivity of Yambah...
07/10/2009(Huckitta)Drilling Update
30/01/2009(Huckitta)(angl) Additional nickel-copper-PGE mineralisation discovere...
21/08/2008(Pardoo (highway And Supply Well))PARDOO DRILLING RESULTS
04/07/2008(Hammer Hill)HUCKITTA DRILLING UPDATE
16/06/2008(Pardoo (highway And Supply Well))COMMENCES DRILLING ON THE PARDOO NICKEL PROJECT
02/06/2008(Hammer Hill)HAMMER HILL DRILLING UPDATE – INITIAL ASSAYS
20/05/2008(Hammer Hill)Drilling at Hammer Hill intersects sulphide mineralisation
26/07/2007(Kalli)Drilling Commences on the Kalli Mineral Sands Joint Venture
Communiqués de Presse de Mithril Resources Ltd
01/08/2016• Company Exploration Update August 2016
26/07/2016• Quarterly Activities & Cash Flow Report June 2016
20/04/2016• Form 605 Ceasing to be a Substantial Holder
26/01/2016• Quarterly Activities & Cash Flow Report Dec 2015
03/11/2015• Doray farming in to Mithril's new Meekatharra gold project
23/10/2015• Notice of Meeting/Proxy Form
23/10/2015• Annual Report 2015
20/10/2015• Quarterly Activities & Cash Flow Report Sep 2015
20/10/2015• Half Year Report June 2015
15/10/2015• Farm-in partner for new Kurnalpi Nickel-Gold Project
07/10/2015• Cleansing Statement - Share Placement
06/10/2015• Appendix 3B - Placement
06/10/2015• Appendix 3B - Share Purchase Plan
01/10/2015• Completion of Share Purchase Plan and Placement
17/09/2015• Extension to Share Purchase Plan
07/09/2015• SPP Investor Update Presentation
02/09/2015• Two new regional targets confirmed at Stark
29/08/2015• SPP Offer Documents
26/08/2015• Dispatch of Share Purchase Plan Documents
29/07/2015• Geophysical surveys underway at Stark regional targets
22/07/2015• Quarterly Activities & Cash Flow Report Jun 2015
15/04/2015• Quarterly Activities & Cash Flow Report Mar 2015
13/04/2015• What next for the Stark Discovery - SAREIC Presentation
26/03/2015MTH: Spargoville JV Withdrawal
22/03/2015• Latest results confirm high-grade Cu-Ni-PGE potential at S...
18/03/2015• Spargoville JV Withdrawal
11/03/2015• Half Year Report December 2014
06/03/2015• BRR Interview New tenement expands land holding at the Sta...
20/01/2015• BRR Interview - Stark Copper Nickel PGE Discovery
22/12/2014• Board Changes
01/12/2014• BRR Interview Meekatharra Drilling Discussion
01/12/2014• Part Placement of Shortfall
30/11/2014• Meekatharra Drilling Underway
28/11/2014• AGM Notification of Results 2014
28/11/2014• AGM Chairman's Address
28/11/2014• Shortfall Notification
12/11/2014• Dispatch of Rights Issue Documents
21/10/2014• BRR Interview September Quarterly Report Discussion
18/02/2014MTH Update - MD's Presentation to RIU Explorers Conference
24/01/2014MTH Update - BRR Interview Dec 2013 Quarterly
20/12/2013MTH Update - MTH Expands Landholdings within Murchison Distr...
20/11/2013MTH Update - Harts Range JV Completion
28/10/2013MTH Recent ASX Announcements
17/10/2013MTH Update - East Arunta Copper Drilling Results
12/09/2013MTH Update - MMG Expands East Arunta Nickel Search
03/09/2013MTH Update - BRR Interview Successful Capital Raising
03/09/2013MTH Update - Successful Capital Raising
05/08/2013MTH Investor Update August 2013
17/07/2013MTH Update - BRR Interview June 2013 Quarterly Report Discus...
16/07/2013MTH Resources Update - Quarterly Activities and Cash Flow Re...
17/06/2013MTH Investor Update June 2013
30/04/2013MTH Update - 2013 SAREIC Conference Presentation
15/04/2013MTH Update - East Arunta Fieldwork Commences
15/04/2013MTH Company Update Presentation April 2013
27/03/2013MTH Update - Further High Gold at Spargos Reward
20/03/2013(Huckitta)MTH Update - MMG Aeromagnetic Survey Underway at Huckitta
19/03/2013MTH Update - MTH AGES Conference Illogwa IOCG Presentation
13/02/2013MTH Update - RIU Explorers Conference 13 February 2013
06/07/2012MTH Investor Update Presentation
17/04/2012News Release
02/03/2012News Release
27/02/2012News Release
12/12/2011News Release
29/11/2011News Release
06/09/2011News Release
31/08/2011News Release
30/08/2011News Release
01/08/2011Rescources Update
03/05/2011News Release
29/04/2011News Release
15/02/2011News Release
14/02/2011News Release
19/06/2009Investor Update
17/02/2009Cash Sale of Mineral Sands Interests
15/12/2008are pleased to report that additional rockchip sampling
12/12/2008application for quotation of additional securities
07/12/2008News Release
01/12/2008SA Explorers Conference
17/11/2008Asx Release
02/10/2008awarded drill funding for Indiana Property
30/09/2008acquires further exploration interests in the vicinity of Bl...
15/09/200815 September 2008
05/09/2008EXECUTIVE CHANGES
25/08/2008NEW VANADIUM-MAGNETITE PROSPECT
28/07/2008 REPORT FOR THE QUARTER ENDING 30 JUNE 2008
16/05/2008Resources Update
29/04/2008Quarterly Report March 2008
18/03/2008Musgrave Exploration Update
11/02/2008 Commences Aircore Drilling on Musgrave Tenements and Receiv...
30/10/2007 Quarterly Activities Report
02/10/2007Drilling Commences on the Silver Swan North JVContent-class:...
06/08/2007 to Float NSW Copper-Gold Assets with Meridian Minerals Limi...
06/08/2007Drilling Commences at the Pipeline Copper Prospect
03/08/2007Drill Results from the Dominion JV Confirm Presence of Nicke...
27/07/2007South Australia Musgrave Access
02/07/2007Further Drilling Planned on the Silver Swan North JV
30/04/2007Drilling Commences on the Dominion Joint Venture
23/03/2007Adds Four Tenements to its South Australia Musgrave Explorat...
16/03/2007Drilling Commences on Silver Swan North Joint Venture
09/03/2007Formulates Joint Venture on the Indiana Project Northern Ter...
28/02/2007Approval to Proceed with Applications for Access to Musgrave...
08/03/2006(Pardoo (highway And Supply Well))Nickel sulphide joint venture with Yilgarn Mining Limited
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
AUSTRALIA (MTH.AX)BERLIN (MV7.BE)
0,002+0.00%0,0000
AUSTRALIA
AU$ 0,002
12/10 11:00 -
0%
Cours préc. Ouverture
0,002 0,002
Bas haut
0,002 0,002
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
0,001 -  0,003 -33,33%
Volume var. 1 mois
1 699 999 -%
24hGold TrendPower© : -37
Produit
Développe
Recherche Copper - Gold - Nickel - Palladium - Platinum
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 12/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2024100,00%
2023-66,67%0,000,00
2022-81,25%0,020,00
2021-27,27%0,040,01
2020144,44%0,060,00
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,62 AU$-0,13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
7,27 US$-0,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,67 GBX+6,35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+30,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,13 CA$-0,47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
9,41 CA$-3,59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,22 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,24 AU$-2,04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,44 CA$-4,64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
46,69 US$-0,13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,02 AU$+0,00%Trend Power :