Mithril Resources Ltd (AU:MTH)
ASX:MTH
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Mithril Resources Ltd
(Sydney:MTH)
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Rating:46Neutral
Price Target:
AU$0.28
▼(-54.19% Downside)
Action:Reiterated
Date:02/07/26
The score is primarily held back by minimal/zero revenue, persistent losses, and ongoing cash burn, which increase funding risk. Technical indicators also show a clear downtrend and weak momentum. A strong, low-debt balance sheet with sizable equity provides some stability, but not enough to offset the weak operating profile.
Positive Factors
Balance Sheet Strength
Very low debt and a sizable equity base (~A$50.1M in 2025) provide durable financial flexibility for an explorer. This reduces near-term solvency risk, supports continued drilling programs without immediate debt service, and lengthens the runway for value-creating discovery steps.
Negative Factors
Pre-revenue Operations
The company remains pre-revenue, meaning no operating income to fund activities. Over 2-6 months this structural absence of revenue prevents internal funding of exploration, forces reliance on external capital, and leaves valuation entirely contingent on exploration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low debt and a sizable equity base (~A$50.1M in 2025) provide durable financial flexibility for an explorer. This reduces near-term solvency risk, supports continued drilling programs without immediate debt service, and lengthens the runway for value-creating discovery steps.
Read all positive factors
Mithril Resources Ltd (MTH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$63.73M
Dividend YieldN/A
Average Volume (3M)887.62K
Price to Earnings (P/E)―
Beta (1Y)3.61
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding187,437,760
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 Limited engages in the exploration and development of mineral properties in Mexico and Australia. The company explores for gold, silver, zinc, and nickel deposits. It primarily holds interest in the Copalquin Gold Silver project ...
How the Company Makes Money
Mithril Resources does not typically generate recurring operating revenue like a producer, because it is primarily an exploration-stage company. Its funding is generally derived from capital raising activities (such as issuing equity to investors)...
Mithril Resources Ltd Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.98K | 1.92K | 25.61K | 3.35K |
| Gross Profit | -66.29K | -62.93K | -53.39K | -17.61K | -17.89K |
| EBITDA | -2.05M | -1.29M | -2.04M | -795.94K | -1.67M |
| Net Income | -2.12M | -1.60M | -2.10M | -632.30K | -1.69M |
Balance Sheet | |||||
| Total Assets | 50.95M | 32.92M | 31.02M | 28.41M | 21.78M |
| Cash, Cash Equivalents and Short-Term Investments | 11.06M | 1.50M | 568.53K | 2.27M | 2.92M |
| Total Debt | 0.00 | 34.74K | 10.52K | 0.00 | 0.00 |
| Total Liabilities | 870.67K | 446.75K | 393.35K | 690.88K | 822.04K |
| Stockholders Equity | 50.08M | 32.48M | 30.63M | 27.72M | 20.96M |
Cash Flow | |||||
| Free Cash Flow | -1.95M | -3.41M | -3.08M | -6.86M | -6.30M |
| Operating Cash Flow | -1.95M | -1.35M | 1.35K | -265.78K | -1.45M |
| Investing Cash Flow | -8.18M | -2.06M | -3.09M | -6.09M | -4.86M |
| Financing Cash Flow | 19.69M | 4.34M | 1.37M | 6.38M | 8.03M |
Mithril Resources Ltd Technical Analysis
Positive
0.62
Price Trends
0.33
Positive
0.39
Negative
0.47
Negative
Market Momentum
>-0.01
Negative
55.47
Neutral
52.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MTH, the sentiment is Positive. The current price of 0.62 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.33, and above the 200-day MA of 0.47, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.47 is Neutral, neither overbought nor oversold. The STOCH value of 52.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MTH.
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% | |
46 Neutral | AU$63.73M | -21.02 | -4.25% | ― | ― | ― | |
45 Neutral | AU$140.68M | -9.41 | -41.80% | ― | ― | -66.67% | |
42 Neutral | AU$69.49M | -6.24 | -7.41% | ― | 5472.73% | 40.17% | |
42 Neutral | AU$35.06M | -10.01 | -17.07% | ― | ― | 27.42% | |
41 Neutral | AU$12.60M | -2.67 | -13.23% | ― | ― | -85.25% | |
41 Neutral | AU$194.86M | -14.78 | -11.15% | ― | ― | -88.89% |
* Basic Materials Sector Average
AU:MTH
Mithril Resources Ltd
0.34
-0.08
-19.05%
AU:AVL
Australian Vanadium
0.19
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-26.00%
AU:ETM
Greenland Minerals Limited
0.06
0.02
45.45%
AU:DME
Dome Gold Mines Ltd.
0.03
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-84.62%
AU:ORN
Orion Minerals Limited
0.02
0.01
91.67%
AU:VRX
VRX Silica Ltd.
0.05
-0.02
-29.69%
Mithril Resources Ltd Corporate Events
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...
Mithril Advances Copalquin and La Dura as Copalquin Emerges as District-Scale Silver-Gold System
Apr 29, 2026
Mithril Silver and Gold reported strong March-quarter exploration progress at its Copalquin and La Dura projects in Mexico, underscoring Copalquin’s potential as a large, vertically extensive epithermal silver-gold district. With mineralisat...
Mithril Highlights High-Grade Growth Potential at Mexico’s Copalquin Gold-Silver District
Apr 14, 2026
Mithril Silver and Gold used its Ignite Investment Summit presentation to highlight continuing exploration success at the Copalquin gold-silver district in Mexico, where drilling, channel sampling, LIDAR studies and metallurgical work have outline...
Mithril Confirms High-Grade Silver-Gold at Copalquin as District Drilling Ramps Up
Apr 9, 2026
Mithril Silver and Gold reported high-grade and widespread silver-gold intercepts from initial drilling at Target 3 within its Copalquin project in Mexico, confirming extensive epithermal-style mineralisation over a 700-metre strike length and rei...
Mithril Silver and Gold Confirms Safety of Staff After Aircraft Incident in Mexico
Apr 8, 2026
Mithril Silver and Gold Limited reported that its managing director and CEO, John Skeet, and two employees were aboard an aircraft that sustained damage from ground gunfire while travelling from the Copalquin project in Durango to Chihuahua, Mexic...
Mithril Silver and Gold Seeks ASX Quotation for Additional Ordinary Shares
Mar 31, 2026
Mithril Silver and Gold Limited has applied to the ASX for quotation of 15,000 new fully paid ordinary shares under its MTH ticker. The shares were issued on 17 March 2026 following the exercise or conversion of existing options or other convertib...
Mithril Highlights Fully Funded High-Grade Growth at Mexico Gold-Silver Project
Mar 17, 2026
Mithril Silver and Gold Limited used its Swiss Mining Institute presentation to showcase its high-grade Copalquin gold-silver project in Mexico’s Sierra Madre, highlighting a maiden JORC resource of 529,000 ounces gold equivalent and an 8 km...
Mithril Silver and Gold outlines corporate structure in half-year filing
Mar 11, 2026
Mithril Silver and Gold Limited has released its half-year report for the period ending 31 December 2025, outlining its current corporate structure and governance framework. The report confirms the company’s board composition, key profession...
Mithril bolsters Copalquin push with new exploration chief
Mar 1, 2026
Mithril Silver and Gold Limited has appointed geologist James Barr as Vice President, Exploration, bringing more than two decades of international mineral exploration and mine development experience, particularly in Mexico’s epithermal gold-...
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.