yay or nay?, page-9

For new people regarding MGV.

Investments
Mithril is the largest shareholder in Musgrave Minerals Limited (“Musgrave” - ASX: MGV) with 9.28 million shares and 2.5 million options. Mithril vended tenements into Musgrave as part of their successful IPO that was completed on April 29th, 2011.

At the Deering Hills Project in the Musgrave District of north-western South Australia, Musgrave recently intersected nickel - bearing massive, matrix and disseminated sulphides in drilling designed to test a number of targets identified by ground (EM) geophysics. One of the EM targets, identified as Pallatu 7 remains untested and further EM will be required to better define the target ahead of possible drilling later in 2014 (Musgrave Minerals Limited ASX Announcement dated 9th December 2013).

At the Menninnie Dam Project in South Australia, Musgrave recently undertook an aircore drilling program to test a number of high-priority airborne EM (VTEM) geophysical and geochemical anomalies, and assay results are expected during the March Quarter.