Mithril Resources Limited (ASX:MTH) provides the Company's Quarterly Activity Report for the period ending 31 December, 2017.

Key Points

Kurnalpi (Nickel-Cobalt)

- New target identified from review of historic drilling data with strong nickel-cobalt intercepts;

o 42m @ 1.25% nickel, 0.07% cobalt from 24 metres including 6m @ 1.78% nickel, 0.20% cobalt from 28 metres, and

o 19m @ 1.08% nickel, 0.07% cobalt from 33 metres including 6m @ 1.17% nickel, 0.11% cobalt from 35 metres

- EM geophysics currently underway with drilling to follow

Billy Hills (Zinc)

- New target zone identified which includes significant historic drill intersections and gossan along strike from drill intercepts of more than 10% zinc + lead at the Pillara West Prospect

- Target generation continuing ahead of field work planned for mid-2018

Southern Target Area (Copper, Zinc)

- Previously unexplored 13km long target zone extending along strike from known copper and zinc mineralisation

- EM geophysics planned for early February 2018

Corporate and Cash

- Cash reserves of $0.90M at 31 December 2017.

To view the full report with figures, please visit:

About Mithril Resources Limited

Mithril Resources Limited (ASX:MTH) is an Australian resources company whose objective is the creation of shareholder wealth through the discovery and development of mineral deposits. Mithril are exploring for a range of high-value commodities (principally nickel, cobalt, copper and zinc) throughout the Meekatharra, West Kimberley and Kalgoorlie Districts of Western Australia. The Company is also exploring South Australia's far western Coompana Province for magmatic nickel – copper deposits with OZ Minerals Limited.



Mithril Resources Ltd
David Hutton
Managing Director
T: +61-8-8132-8800
F: +61-8-8132-8899

Link: Quarterly Activity Report December 2017

Related Companies

Mithril Resources Limited

Related Industry Topics:
Metals Materials General Mining Gold Copper Nickel Cobalt