Mithril Resources Limited (ASX:MTH) Share Purchase Plan Offer Documents

Your Director's are pleased to invite you to participate in the Mithril Resources Ltd (ASX:MTH) (Mithril or Company) Share Purchase Plan (SPP) that closes on 18 June 2018 (Closing Date). Under the SPP, you may subscribe for up to A$15,000 worth of fully paid ordinary shares in the Company without incurring brokerage or other transaction costs. As fellow shareholders, your Directors have indicated that they intend to take up their maximum entitlement under the SPP (subject to scale-back if oversubscribed).

The SPP is intended to raise approximately $600,000 and is partly underwritten to $290,000 by Patersons Securities Ltd. The Company reserves the right to scale back the maximum participation amount per shareholder if the total demand exceeds $600,000 and notes that allocation of shares will be on a "first-come, first-served basis".

The offer price of the shares under the SPP will be a 20% discount to the 5-day volume weighted average price ("VWAP") up to and including the day before the issue of the shares.

Funds raised will be used to drill priority nickel targets at the Kurnalpi Nickel Project (located 70 kms NNE of Kalgoorlie, WA), support ongoing target generation activities and for working capital purposes.

Kurnalpi is highly prospective for nickel and cobalt mineralisation with the Company recently identifying a new off hole downhole EM conductor adjacent to existing nickel sulphide mineralisation. A historic drill hole (KURA50 - 20m @ 0.69% nickel, 0.07% cobalt from 32 metres including 8m @ 0.96% nickel, 0.09% cobalt from 36 metres) lying south of the EM conductor further strengthens the project's prospectivity. Both the EM conductor and the KURA50 intercept have not been followed up and will be drill tested with proceeds from the SPP.

Pursuant to the SPP rules, existing shareholders who are recorded on the share register at 17 May 2018 with a registered address in Australia or New Zealand are eligible to participate.

Mithril has also been successful in its application to participate in the Federal Government's Junior Minerals Exploration Incentive ("JMEI") scheme and has been allocated credits of up to $227,796 which can be distributed to eligible shareholders who participate in the SPP (see Mithril's ASX Announcement dated 18 May 2018).

Details of the SPP are set out in the enclosed SPP Terms and Conditions (see link below). We encourage you to read these Terms and Conditions carefully and in their entirety before deciding whether or not to participate in the SPP.

To view the release, please visit:
http://abnnewswire.net/lnk/9SSID42F


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 of mineral deposits.

The Company and its exploration partners are actively exploring throughout the Kalgoorlie, West Kimberley and Murchison Districts of Western Australia for economic nickel, copper, zinc, and vanadium deposits.

In the Kalgoorlie District, Mithril is exploring for nickel on the Kurnalpi, Lignum Dam and North Scotia Projects which lie along strike from, or adjacent to previously mined high-grade nickel at the Silver Swan and Scotia Nickel Deposits.

In the West Kimberley, Mithril is exploring for zinc on the Billy Hills Project which lies adjacent to the previously mined Pillara Zinc Deposit.

In the Murchison, 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 – Monax Mining Ltd is also exploring for vanadium on the Limestone Well tenements.

   

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