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Mithril Resources Ltd
(Sydney:MTH)
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Rating:42Neutral
Price Target:
AU$0.18
▼(-17.27% Downside)
Action:Reiterated
Date:06/26/26
The score is held down primarily by weak fundamentals (no meaningful revenue, recurring losses, and continued cash burn) and a bearish technical setup with the stock trading below major moving averages and negative MACD. A low-debt, equity-supported balance sheet provides some financial cushion, but it does not offset the lack of operating traction; valuation metrics are also unhelpful due to losses and no dividend yield data.
Positive Factors
Low leverage and sizable equity
The company reports effectively zero debt and a substantial equity cushion (~50.1M in 2025). This durable capitalization reduces near-term solvency risk, supports funding of exploration programs or negotiations for farm-outs, and gives flexibility to pursue project advancement.
Negative Factors
Pre-revenue with widening losses
The company is effectively pre-revenue and reported widening net losses (~2.1M in 2025). Persistent losses erode the equity cushion over time, limit self-funding capacity for exploration and increase dependence on external capital, raising dilution and execution risk if discoveries don’t materialise.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity
The company reports effectively zero debt and a substantial equity cushion (~50.1M in 2025). This durable capitalization reduces near-term solvency risk, supports funding of exploration programs or negotiations for farm-outs, and gives flexibility to pursue project advancement.
Read all positive factors
Mithril Resources Ltd (MTH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.12M
Dividend YieldN/A
Average Volume (3M)887.62K
Price to Earnings (P/E)―
Beta (1Y)3.77
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding187,487,760
10 Day Avg. Volume1,310,243
30 Day Avg. Volume887,618
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)1.17
Price to Sales (P/S)0.00
P/FCF Ratio-29.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mithril Resources Ltd Business Overview & Revenue Model
Company Description
Mithril Resources Ltd. is an Australian-headquartered company focused on the discovery and advancement of mineral deposits across Mexico and Australia. Its exploration efforts target valuable resources such as gold, silver, zinc, and nickel. A key...
How the Company Makes Money
Mithril Resources does not typically generate recurring operating revenue in the way an established mining producer does; instead, its economic model is generally centered on creating value through mineral exploration and then realizing that value...
Mithril Resources Ltd Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.98K | 1.92K | 25.61K | 3.35K |
| Gross Profit | -8.29K | -66.29K | -62.93K | -53.39K | -17.61K | -17.89K |
| EBITDA | -5.29M | -2.05M | -1.29M | -2.04M | -795.94K | -1.67M |
| Net Income | -5.00M | -2.12M | -1.60M | -2.10M | -632.30K | -1.69M |
Balance Sheet | ||||||
| Total Assets | 64.57M | 50.95M | 32.92M | 31.02M | 28.41M | 21.78M |
| Cash, Cash Equivalents and Short-Term Investments | 14.23M | 11.06M | 1.50M | 568.53K | 2.27M | 2.92M |
| Total Debt | 0.00 | 0.00 | 34.74K | 10.52K | 0.00 | 0.00 |
| Total Liabilities | 1.95M | 870.67K | 446.75K | 393.35K | 690.88K | 822.04K |
| Stockholders Equity | 62.62M | 50.08M | 32.48M | 30.63M | 27.72M | 20.96M |
Cash Flow | ||||||
| Free Cash Flow | -7.38M | -1.95M | -3.41M | -3.08M | -6.86M | -1.45M |
| Operating Cash Flow | -2.00M | -1.95M | -1.35M | 1.35K | -265.78K | -1.45M |
| Investing Cash Flow | -15.53M | -8.18M | -2.06M | -3.09M | -6.09M | -4.86M |
| Financing Cash Flow | 467.82K | 19.69M | 4.34M | 1.37M | 6.38M | 8.03M |
Mithril Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$49.70M | -16.67 | -2.34% | ― | ― | 40.68% | |
45 Neutral | AU$39.36M | -3.54 | -25.04% | ― | ― | 80.64% | |
43 Neutral | AU$45.31M | -210.00 | -4.08% | ― | ― | -33.33% | |
42 Neutral | AU$43.12M | -7.62 | -8.90% | ― | ― | ― | |
42 Neutral | AU$39.35M | -1.04 | 432.54% | ― | ― | 64.76% | |
41 Neutral | AU$4.39M | -0.38 | -27.10% | ― | ― | 58.67% |
* Basic Materials Sector Average
AU:MTH
Mithril Resources Ltd
0.22
-0.28
-56.12%
AU:AUZ
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Mithril Resources Ltd Corporate Events
Mithril Tightens Copalquin Target 1 Resource With Mine‑Constrained Upgrade
Jul 2, 2026
Mithril Silver and Gold Limited has released an amended ASX announcement detailing an upgraded Mineral Resource Estimate for the Target 1 deposit at its Copalquin Project in Mexico. The update clarifies technical aspects such as sampling, drilling...
Mithril Silver and Gold Issues 800,000 Unquoted Employee Options
Jul 1, 2026
Mithril Silver and Gold Limited has issued 800,000 unquoted options under its employee incentive scheme, with each option expiring on 1 September 2028 and exercisable at $1.07. The options, which are subject to transfer restrictions and will not b...
Mithril Steps Up High-Grade Silver-Gold Push at Mexico’s Copalquin District
Jul 1, 2026
Mithril Silver and Gold has consolidated a series of recent exploration and drilling updates that underscore the high-grade nature and growing scale of its Copalquin District project in Mexico. The company reports extensive high-grade drill interc...
Mithril Silver and Gold Clears Resale of Newly Issued Shares Under Section 708A
Jun 17, 2026
Mithril Silver and Gold Limited has issued 50,000 new ordinary shares on 17 June 2026, and has lodged a notification under section 708A(5) of the Corporations Act 2001 to permit on-sale of these securities without a disclosure document. The compan...
Mithril Silver and Gold Seeks ASX Quotation for 50,000 New Shares
Jun 17, 2026
Mithril Silver and Gold Limited has applied to the ASX for quotation of 50,000 new ordinary fully paid shares under its MTH ticker, with an issue date of June 17, 2026. The relatively small share issuance modestly expands the company’s liste...
Mithril extends high-grade mineralisation at Copalquin ahead of resource update
Jun 9, 2026
Mithril Silver and Gold reported further strong drill results from the El Refugio and La Soledad areas at its Copalquin project, as it completes the final holes for a Target 1 resource upgrade ahead of a late-June 2026 mineral resource estimate up...
Mithril Expands High-Grade Gold-Silver Footprint at Copalquin Ahead of Resource Upgrade
May 11, 2026
Mithril Silver and Gold reported strong drilling results at its Copalquin project in Mexico, including a standout intercept of 7.00 g/t gold and 370 g/t silver over 9.65 metres at Target 1, with higher-grade sub-intervals confirming thick, continu...
Mithril Silver and Gold Flags Unaudited Interim Financials
May 8, 2026
Mithril Silver and Gold Limited has released its unaudited condensed interim consolidated financial statements for the nine months ended March 31, 2026, noting they were prepared by management in Australian dollars. The company disclosed that thes...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.