Mithril Presentation: Resources Rising Stars
09/10/2012 12:45:00
Mithril Resources Limited (ASX:MTH) Managing Director, David Hutton outlines the nickel and copper explorer’s objectives at the Resources Rising Starsinvestor briefing.
Mithril Resources Limited (ASX:MTH) are an Adelaide based greenfields exploration company. The company was originally spun out of Minotaur Resources about 10 years ago. We’re a very established ‘boots on ground’ exploration company. We’re focused primarily on greenfields exploration opportunities within the southern half of the Northern Territory, centred on the township of Alice Springs.
We have a strong cash position. We had $5.5 million at the start of the June quarter and we’re budged to finish the calendar year with $3 million in the bank.
In March of this year we established a new substantial copper resource inventory with 151,000 tonnes of copper on the Huckitta project, east of Alice Springs. We’re aggressive explorers, we’re busily working at the moment and we intend to keep the work flow going all year. So, we’ll have strong news flow to the market.
As a greenfields explorer it’s very important to have first mover advantage, so we can take full advantage of any opportunities that arise. And, I believe we have genuine first mover position within our Huckitta project east of Alice Springs.
EndsWatch Presentation.
