Mithril Resources: ASX’s Only Mexico-Focused Silver Play
In this interview at the Precious Metals Summit 2024, John Skeet, Managing Director & CEO of Mithril Resources Ltd (ASX:MTH), provides insights into the company’s silver and gold exploration activities in Mexico. Skeet begins by addressing the recent surge in silver prices, and Mithril’s plan for a dual listing on the TSXV, which could potentially increase the company’s visibility and access to North American investors.
Skeet highlights the company’s flagship Copalquin project, emphasizing its district-scale potential. He draws a comparison to the successful Palmarejo mine, indicating the significant upside potential of Mithril’s asset.
The interview touches on Mithril’s tight cap table, suggesting a shareholder-friendly structure. Skeet discusses the ongoing drilling program, aiming to double the maiden resource of over half a million gold-equivalent ounces. This ambitious target demonstrates the company’s confidence in the project’s potential for significant resource growth.
Looking ahead, Skeet outlines several near-term catalysts for investors to watch. These include upcoming drill results, the completion of the Canadian listing process, and a resource update planned for Q1 2025. These milestones provide a clear roadmap for evaluating the company’s progress in the coming months.
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