@Haplo from the MTH Annual Report to Shareholders 30 Sep...

@Haplo from the MTH Annual Report to Shareholders 30 Sep 2020:

Limestone Well Project (Limestone)

• Mithril 100%; and
• Auteco Minerals can earn up to an 80% interest in the project by completing exploration expenditure of A$2.5 million over five years

Highlights include:

• Maiden RC drill programme by Mithril’s JV partner – Auteco Minerals (AUT.ASX) intersects multiple broad zones of shallow high-grade vanadium-titanium, including;
• 20m @ 0.48% V2O5 & 6.5% TiO2 from 12 metres and 72m @ 0.46% V2O5 & 8.6% TiO2 from 52 metres in LWRC003;
• 12m @ 0.72% V2O5 & 8.5% TiO2 from 12 metres and 24m @ 0.50% V2O5 & 6.2% TiO2 from 48 metres, and 56m @ 0.46% V2O5 & 6.1% TiO2 from 164 metres in LWRC005; and
• 20m @ 0.50% V2O5 & 6.5% TiO2 from 64 metres and 116m @ 0.36% V2O5 & 11.0% TiO2 from 104 meters in LWRC006.
• Follow the successful drilling, Auteco has elected to continue sole-funding the exploration work at Limestone Well by completing exploration expenditure of $1.5M by August 2021 to earn an initial 60% interest