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Mithril Resources Ltd
(Sydney:MTH)
Mithril Resources Ltd (MTH) vs. iShares MSCI Australia ETF (EWA)
Mithril Resources Ltd Business Overview & Revenue Model
Mithril Resources Ltd Financial Statement Overview
| 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
Mithril Resources Ltd Peers Comparison
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$213.95M | -8.18 | -11.15% | ― | ― | -88.89% | |
46 Neutral | AU$54.51M | -27.51 | -4.25% | ― | ― | 54.26% | |
45 Neutral | AU$27.29M | -7.17 | -13.23% | ― | ― | -86.89% | |
43 Neutral | AU$189.04M | -13.08 | -41.80% | ― | ― | 15.91% | |
42 Neutral | AU$71.37M | -4.96 | -7.41% | ― | ― | 42.69% | |
41 Neutral | AU$40.47M | -6.38 | -17.07% | ― | ― | 36.62% |
Mithril Resources Ltd Corporate Events
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-long mineralised system. The company emphasised its fully funded status following recent private placements and dual listings, positioning itself to ramp up exploration and resource growth across multiple high-potential targets in a district with historic mines and strong drill results.
A series of recent ASX releases underline ongoing momentum, including high-grade drilling at several targets, expanded channel sampling and a LIDAR study revealing a 1.5 km trend with historic workings. By consolidating these technical and financial milestones, Mithril is seeking to strengthen its profile among international mining investors and reinforce its role as an emerging high-grade gold-silver explorer in the Sierra Madre belt.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
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 professional advisers, and multiple stock exchange listings, underlining its established compliance and reporting arrangements across several jurisdictions.
By detailing its registered office, principal place of business, share registry, auditor, and banking relationships, the company reinforces transparency in its operational and financial administration. This level of disclosure supports investor confidence and demonstrates Mithril’s adherence to regulatory standards in the Australian, Canadian, and U.S. markets, though no new operational or financial performance data are disclosed in the document excerpt.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
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-silver systems. Barr previously held senior roles at SilverCrest Metals, where he helped expand the Las Chispas Mine and supported the technical work that underpinned its US$1.7 billion acquisition by Coeur Mining, strengthening his credentials in taking high-grade projects from discovery through production.
Mithril’s management said Barr’s expertise in high-grade epithermal systems closely aligned with its Copalquin Gold-Silver District will support the company as it scales drilling and regional target development at the Mexican project. To align incentives, Mithril has granted Barr 800,000 stock options with a significant premium to the recent ASX share price, underscoring confidence in the company’s exploration upside and bolstering its technical leadership as it advances Copalquin’s resource potential.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold has completed a LiDAR survey across its 21 km² La Dura gold-silver concession in Durango, Mexico, revealing 18 historic mine shafts, 44 adits, 134 pits, and a 1.5 km by 300 m structural corridor hosting multiple historic workings, including the four-level La Dura mine, now designated a high-priority drill target. The company is integrating these results with recently flown aerial magnetic surveys to refine drill planning at La Dura and its flagship Copalquin District, where an aggressive 2026 campaign of up to 25,000 metres of drilling is under way to update the resource at Target 1, advance a maiden program at Target 3, and systematically test district-scale feeder structures for potential resource growth and future development.
At Copalquin, Phase IV drilling at Target 1 is nearing completion to support an updated resource model that management expects will underpin future district development and highlight exploration upside across multiple targets. Concurrent maiden drilling at Target 3 has intersected mineralised quartz veins at predicted depths, with pending assays and forthcoming magnetic survey interpretations expected to guide expansion of drilling at both Target 3 and additional structural targets within the broader concession area.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold Limited reported ongoing exploration progress across multiple targets at its Copalquin silver-gold project in Mexico, highlighting a maiden drill program at Target 5 that has confirmed a large, silver-rich mineralised system over a 9.6 km² area with several high-grade intercepts. Phase IV drilling has started at Target 1 to extend and upgrade the existing resource, maiden drilling has commenced at Target 3, and district-wide aerial magnetic, LiDAR and mapping programs are feeding into an aggressive 2026 plan for up to 25,000 metres of drilling, underscoring the scale and growth potential of the Copalquin and La Dura concessions.
The company’s 2026 exploration strategy focuses on progressing Target 1 toward potential development, advancing Targets 3 and 5 toward additional resources and testing district-scale structural “feeder” targets, supported by new geophysical and geological datasets. With more than 100 historic workings, extensive alteration zones and encouraging drill results, the campaign positions Mithril to significantly expand its resource base and strengthen its standing in the silver-gold exploration space, with implications for future project development and potential value creation for stakeholders.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
The Bank of Nova Scotia and its controlling entities, including 1832 Asset Management L.P., have disclosed that they have ceased to be substantial holders in Mithril Silver and Gold Limited. This change follows a reduction in relevant voting shares tied to Dynamic Precious Metals Funds and related Dynamic/Scotia Funds.
According to the filing, the decrease in relevant interest was triggered by on-market transactions on the ASX on 5 February 2026, involving 554,407 shares at an average price of A$0.3974. The exit of a major institutional holder may alter Mithril’s share register dynamics and could signal a shift in institutional appetite for the stock.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold Limited has relocated its registered office to Suite 303, 365 Little Collins Street in Melbourne, Victoria, while keeping all other contact details unchanged. The move represents an administrative change only and does not signal any alteration to the company’s existing communication channels or corporate structure as disclosed in the announcement.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold Limited has issued 95,834 new ordinary shares following the exercise of an equivalent number of unlisted options at an exercise price of C$0.36, modestly increasing its share capital. The company has lodged a notice under section 708A of the Corporations Act 2001 confirming that these shares were issued without a prospectus but can now be freely traded under the Act’s exemption provisions, and stating it remains compliant with its continuous disclosure and reporting obligations, signaling regulatory transparency for existing and prospective investors.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold Limited has applied to the ASX for quotation of an additional 245,834 ordinary fully paid shares (ASX code: MTH) following the exercise or conversion of existing options or other convertible securities. The new shares, issued on 30 January 2026 and 2 February 2026, modestly increase the company’s quoted capital base, potentially enhancing liquidity for shareholders and reflecting incremental funding or equity participation without altering the company’s core operations.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold reported continued exploration success in the December 2025 quarter at its Copalquin project in Mexico, confirming a large, vertically extensive epithermal gold-silver system with mineralisation mapped over a 9 km strike and 1,200 m vertical extent. Drilling at Target 1 (Refugio–La Soledad) has extended the resource area’s strike by more than 30%, with high-grade gold and silver intercepts underpinning a planned maiden resource update in the second quarter following a 3,000 metre infill drill program, while the zone remains open at depth and along strike. At the newly drilled Target 5 (Apomal–Candelaria), maiden holes intersected high-grade, silver-dominant veins hosted in granodiorite, supported by very high-grade surface and channel samples, indicating substantial upside across a large, under-tested target area. A maiden drill program has also begun at Target 3 (El Jabali–Guadelupe) after encouraging channel sampling, and an integrated district geological model now outlines a dominant east–west mineralised corridor with multiple feeder structures and vertically zoned silver-to-gold mineralisation. The commencement of an aerial magnetic survey is expected to further refine key structural controls, supporting Mithril’s positioning of Copalquin as a district-scale Mexican epithermal system with potential for multiple high-grade centres, which could enhance the project’s long-term development prospects and strategic value for stakeholders.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.59 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold has reported high-grade gold and silver intercepts from ongoing drilling at Target 1 within its Copalquin project in Mexico, including shallow, high-grade zones that will feed into an upcoming mineral resource estimate update. Step-out drilling on the western side of Target 1 has identified a broad anomalous silver zone and extensive hydrothermal alteration that extends the district’s east–west mineralised structure by 300 metres, suggests a major feeder conduit, and confirms a 300-metre down-dip extension of the Refugio 1 structure, collectively reinforcing the vertical and lateral continuity of the system. These results, together with an aggressive 25,000-metre drilling program planned for the first half of 2026 and parallel work at the newly added La Dura property, signal meaningful potential to expand resources, strengthen the Copalquin district-scale model, and enhance Mithril’s future project development options in a prolific historic mining region.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold Limited has commenced a 3,300-metre maiden drill programme at Target 3 within its Copalquin gold-silver district in Mexico, following high-grade channel sampling at the historic El Jabali workings. The campaign, part of 25,000 metres of drilling planned for the first half of 2026, aims to test the continuity and scale of mineralisation across what the company views as a large, highly prospective epithermal system, while drilling at Targets 1 and 5 continues and a drone magnetic survey over Copalquin and La Dura is set to begin, underscoring an intensified, district-scale exploration push that could shape future resource estimates and project development.
The most recent analyst rating on (AU:MTH) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Mithril Resources Ltd stock, see the AU:MTH Stock Forecast page.
Mithril Silver and Gold is accelerating work at its Copalquin gold-silver project in Mexico, mobilizing a third drill rig and planning an expanded 25,000-metre exploration program for 2026 across multiple high-grade targets. The company reports strong progress at Targets 1, 3 and 5, with encouraging drill and channel sampling results, and plans further drilling ahead of a 2026 resource update, while also advancing regional work with LiDAR and planned airborne magnetic surveys over Copalquin and the newly acquired La Dura concession, positioning the company for continued growth despite ongoing assay laboratory delays.