Ann: New lithium targets at Spargos Reward-MTH.AX, page-2

New lithium targets at Spargos Reward

• Historic lithium mineral occurrences and targets identified at the Spargos Reward Project
• Spargos Reward is located 18 kilometres south of NeoMetals Ltd.’s Mt Marion Lithium Project
• Four targets display strong similarities to Mt Marion; pegmatite intrusions within mafic - ultramafic rocks, cross cutting structural features, coincident radiometric anomalies and historic tin – tantalum – lithium mineral occurrences
• No recent lithium exploration
• Field work to commence during the current June 2016 Quarter

Mithril Resources Ltd (ASX: MTH) is pleased to advise that it has identified four new lithium targets at the Spargos Reward Project located 18 kilometres south of Neometals Ltd.’s (ASX: NMT) Mt Marion Lithium Project (approximately 55 km south of Kalgoorlie, Western Australia – Figures 1 and 2).

The targets have been identified from a historical data review and prioritised on the basis that they display strong similarities to the Mt Marion lithium deposits (NeoMetals Ltd.’s website and ASX Announcement dated 29 January 2016) in that they are pegmatite intrusions within a mafic – ultramafic rocks, cross cutting structural features, coincident radiometric (potassium) anomalies, and historic tin – tantalum – lithium mineral occurrences.

Despite occurring within close proximity to Mt Marion and the Spargos Reward Gold Deposit, none of the targets have received any modern lithium exploration and field evaluation is planned for the current June 2016 Quarter