InvestSMART

Mithril Silver and Gold Limited (ASX:MTH)

ALERT: Price-sensitive ASX Announcement for MTH
Current share price for MTH : $0.255 -0.295 (-53.64%)+
Announcement
Release
30 Jan 2026 10:03AM
Price at Release
$0.550
Full Release
download
Summary
Mithril Silver and Gold Limited, focusing on its Copalquin District and newly acquired La Dura properties in Mexico, continues its aggressive exploration program with 25,000 meters of drilling planned for early 2026. The December 2025 quarter highlighted significant exploration advancements, with ongoing drilling at Target 1 expanding known mineralised zones. The company remains financially robust, closing the quarter with A$14.1 million in cash and no debt, despite the substantial exploration expenditure of A$3.88 million. The planned aerial magnetic surveys aim to enhance geological models, targeting substantial resource growth across the properties.
Key Points
  • Mithril Silver and Gold Limited focuses on exploration in the Copalquin District and La Dura properties.
  • Drilling in the Copalquin District aims to expand known mineralised zones and test new targets.
  • The company plans for 25,000 meters of drilling in the first half of 2026.
  • Aerial magnetic surveys are scheduled to refine geological models and identify key structures.
  • The December 2025 quarter saw progress in expanding mineral resources with ongoing drilling at Target 1.
  • Mithril maintains a strong cash position, ending the quarter with A$14.1 million and no debt.
  • The company's cash flow activities included a net cash used in operations of A$416,000 for the quarter.
  • Significant exploration expenditures of A$3.88 million were recorded for the Copalquin District.
  • The company is planning further drilling and resource estimation updates in the upcoming quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.