The Company and its exploration partners are actively exploring throughout the West Kimberley, Murchison and Kalgoorlie, Districts of Western Australia for economic zinc, nickel, copper, and vanadium deposits.
Mithril’s primary focus is the Billy Hills Zinc Project (West Kimberley) where multiple targets have been identified for follow-up.
In the Murchison District, Mithril is exploring for copper, nickel and zinc mineralisation on the Nanadie Well Project and for copper, silver, zinc and lead on the Bangemall Base Metal Project. Mithril’s exploration partner – Auteco Minerals Limited (AUT:ASX) is also exploring the Limestone Well tenements for vanadium.
In the Kalgoorlie District, Mithril is exploring for nickel sulphide mineralisation on the Kurnalpi and Lignum Dam Projects which lie along strike or adjacent to previously mined high-grade nickel at the Silver Swan and Scotia Nickel Deposits.
Mithril’s exploration partner – Corona Resources Limited is also exploring the Spargos Reward Project for gold.
Mithril also retains a small project 150km east of Alice Springs in the Northern Territory (“Leaky Bore”) which contains the Basil Copper Cobalt Deposit (JORC Code 2004 – Inferred Resource of 26.5Mt @ 0.57% copper, 0.05% cobalt – see Mithril’s ASX Announcement dated 21 March 2012).
Mithril and OZ Minerals Limited (OZL:ASX) are also exploring the Coompana District in far western South Australia for nickel-copper deposits (see Mithril’s ASX Announcement dated 21 July 2016).