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$0.40
â–¼(-35.16% Downside)
Action:ReiteratedDate: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
Strong balance sheet
A near-zero debt position combined with a sizable equity cushion (~50.1M) gives the company structural financial flexibility. For an exploration firm this reduces immediate refinancing risk, enables sustained multi-stage drilling programs and makes it easier to attract JV/farm-in partners without a heavy interest burden.
Negative Factors
Pre-revenue operations
The absence of operating revenue means the company depends entirely on capital markets or partner funding to continue exploration. Persistent, widening losses erode equity over time if capital is not raised, lengthening the timetable to value creation and raising the risk of dilutive financings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A near-zero debt position combined with a sizable equity cushion (~50.1M) gives the company structural financial flexibility. For an exploration firm this reduces immediate refinancing risk, enables sustained multi-stage drilling programs and makes it easier to attract JV/farm-in partners without a heavy interest burden.
Read all positive factors
Mithril Resources Ltd (MTH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$73.92M
Dividend YieldN/A
Average Volume (3M)887.62K
Price to Earnings (P/E)―
Beta (1Y)3.25
Revenue GrowthN/A
EPS Growth54.26%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding184,787,770
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
0.37
Positive
0.44
Negative
0.49
Negative
Market Momentum
<0.01
Negative
61.79
Neutral
79.44
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 0.34, above the 50-day MA of 0.37, and above the 200-day MA of 0.49, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 79.44 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% | |
49 Neutral | AU$246.86M | -8.18 | -11.15% | ― | ― | -88.89% | |
46 Neutral | AU$73.92M | -14.50 | -4.25% | ― | ― | 54.26% | |
42 Neutral | AU$84.52M | -4.96 | -7.41% | ― | ― | 42.69% | |
42 Neutral | AU$118.70M | -13.08 | -41.80% | ― | ― | 15.91% | |
42 Neutral | AU$21.41M | -7.17 | -13.23% | ― | ― | -86.89% | |
42 Neutral | AU$41.25M | -6.38 | -17.07% | ― | ― | 36.62% |
* Basic Materials Sector Average
AU:MTH
Mithril Resources Ltd
0.40
0.07
21.21%
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Mithril Resources Ltd Corporate Events
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-...
Mithril LIDAR Study Defines 1.5 km Drill Corridor at La Dura as Copalquin Campaign Ramps Up
Feb 25, 2026
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 histor...
Mithril Ramps Up District-Scale Drilling at Copalquin After High-Grade Silver-Gold Hits
Feb 10, 2026
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 syste...
Bank of Nova Scotia ceases to be substantial holder in Mithril Silver and Gold
Feb 8, 2026
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 share...
Mithril Silver and Gold Relocates Registered Office to Melbourne CBD
Feb 3, 2026
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 s...
Mithril Silver and Gold Issues New Shares on Option Exercise Under Section 708A Exemption
Feb 2, 2026
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 s...
Mithril Silver and Gold Seeks Quotation for Additional 245,834 Shares on ASX
Feb 2, 2026
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, issu...
Mithril Silver and Gold Extends High-Grade Mineralisation Across District-Scale Copalquin Project
Jan 30, 2026
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 an...
Mithril Extends High-Grade Gold-Silver Mineralisation at Copalquin’s Target 1
Jan 19, 2026
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 upda...
Mithril Silver & Gold Starts Maiden Drilling at Target 3 in Copalquin District
Jan 14, 2026
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,...
Glossary
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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.