Friday, March 16th, 2012
The Board of Directors of Mithril Resources Limited (Company) has accepted the resignation of Managing Director, Mr Graham Ascough, effective from the 18th of June 2012. Mr Ascough is stepping back from his executive role with Mithril to pursue another opportunity in the mineral resources sector. He will continue his involvement with the Company as a non-executive director.

The Board of Directors is pleased to announce that Mr David Hutton has accepted the position of Managing Director commencing the 18th of June, 2012.

Mr Hutton is a very experienced exploration executive having worked in the mining sector for more than 22 years for a variety of companies including MIM Exploration Pty Ltd, Forrestania Gold NL, Western Metals Limited, and LionOre Australia Pty Ltd. Most recently, Mr Hutton was the Managing Director of Breakaway Resources Limited, being responsible for the delineation of the Altia Silver Deposit, the negotiation of several major joint venture agreements and the repositioning of Breakaway as a focused copper-gold explorer in North Queensland.

Mr Hutton graduated with honours as a geologist from Monash University in 1989, is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Member of the Australian Institute of Geoscientists (AIG).

“On behalf of the Board and shareholders, I would like to welcome David to the Mithril team,” said Chairman, John Roberts. “We are very pleased to have attracted such a strong candidate to continue the implementation of our exploration programs and the important strategic review of the Company’s exploration assets that has been initiated recently by Graham.”

The Board of Directors would like to thank Graham for his many years of outstanding service as Managing Director and look forward to his continued involvement with the company as a non-executive director. Mr Ascough has made a significant contribution to Mithril and brought extensive exploration/mining industry experience to the Company. He has played a major role in the establishment of the Company’s extensive project portfolio, including the Huckitta Copper and East Pilbara Projects.

Contact Profile

Mithril Resources Ltd

Mithril Resources Ltd is an Australian exploration company focused on the discovery and development of base metal deposits - primarily nickel and copper. Mithril is a frontier explorer in the Northern Territory and Western Australia, with an experienced team operating out of Adelaide.
Richard Sproull
P: (08) 8267 6888
M: 0418 585517


Mithril Resources, Breakaway Resources, ASX : MTH, Graham Ascough, David Hutton John Roberts, Mining Exploration Resources



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