Mithril Silver And Gold Limited · ASX:MTH
Mithril Silver And Gold — Precious Metals Summit, Beaver Creek 2026
19 slides from Mithril Silver And Gold's conference presentation, Sep 24, 2026
Slide 1: A Silver District with High-Grade Gold
For personal use only A SILVER DISTRICT WITH HIGH-GRADE GOLD COPALQUIN AND LA DURA | DURANGO, MEXICO BPRECIOUS METALS SUMMIT, BEAVER CREEK TSXV: MSG ASX: MTH OTCQB: MTIRF 22-25 SEPTEMBER 2026
Slide 2: Important Information
IMPORTANT INFORMATION ASX Releases with more details regarding information in this presentation This presentation is for informational purposes only and does not constitute an oer to sell, or 27 Aug 2026 WIDE, HIGH-GRADE HITS CONFIRM 550M STRIKE AT TARGET 4 solicitation to purchase, any securities.
Slide 3: Premier Silver-Gold District in Mexico
For personal use only PREMIER SILVER-GOLD DISTRICT IN MEXICO WHERE 90 km² across Copalquin and La Dura in the prolific Sierra Madre Trend WHO HIGHLY EXPERIENCED MANAGEMENT WHAT Direct experience at Palmarejo and Las Chispas, acquired by Coeur for US$1.1bn and US$1.7bn NEXT TARGET 1 PEA COMMENCED 75%
Slide 4: Experience Across Two Assets Acquired by Coeur
EXPERIENCE ACROSS TWO ASSETS ACQUIRED BY COEUR Direct Mexico experience at Palmarejo and Las Chispas – two high-grade silver-gold operations, underground, multi-deposits in the For personal use only Sierra Madre Trend, Mexico JOHN SKEET JIM BARR CEO & Managing Director VP Exploration 35+ years build
Slide 5: Location and Infrastructure
LOCATION AND For personal use only INFRASTRUCTURE SIERRA MADRE TREND, DURANGO, MEXICO 20 km from power and National Highway Municipal access road upgrade completed in 2025 Close to El Durazno for workforce and services (pop. ~2,500) Eight-hour drive to Chihuahua City – Nat. Hwy 24 Mexico accounts fo
Slide 6: Target 1 Preliminary Economic Assessment
TARGET 1 PRELIMINARY ECONOMIC ASSESSMENT PEA (Scoping Study) commenced with permitting in progress For personal use only INDICATED 75% OF TARGET 1 RESOURCE 464 koz AuEq 343 koz gold + 8.48 Moz silver IS NOW INDICATED INFERRED Indicated grade: 3.15 g/t gold + 77.8 g/t silver Undiluted: 5.10 g/t gold
Slide 7: Target 1 Resource by Class
TARGET 1 RESOURCE BY CLASS The June 2026 upgrade increased the Indicated resource by 196% For personal use only Tonnes Gold Silver AuEq Gold Silver AuEq Class (kt) (g/t) (g/t) (g/t) (koz) (koz) (koz) Undiluted resource reported with a 1.50 g/t AuEq cut-o Indicated 1,990 5.10 122 6.85 326 7,832 438
Slide 8: The Resource Model Reflects Underground Mining Constraints
THE RESOURCE MODEL REFLECTS UNDERGROUND MINING CONSTRAINTS For personal use only 95% of resource blocks report 2m minimum modelled to mineable stope shapes shape width 60-70% 96% / 91% ‘Must take’ dilution included gold / silver metallurgical recoveries Proposed mining method: fully mechanized Long
Slide 9: A Drill Tested District with Multiple Discoveries
A DRILL TESTED DISTRICT WITH MULTIPLE DISCOVERIES Copalquin and La Dura exploration pipeline For personal use only 14 PROSPECTS successfully drill tested within Unexplored Northern Area 5 TARGET AREAS • TARGET 1 – HIGH-GRADE SILVER-GOLD MRE WITH RESOURCE UPSIDE • TARGET 4 DRILLING NOW – NEW RESOURCE
Slide 10: Selected High-Grade Drill Intervals
SELECTED HIGH-GRADE DRILL INTERVALS Results reported across Target 1 and district exploration areas For personal use only 13.00 m 80.1 g/t Au + 675 g/t Ag 8.26 m 80.3 g/t Au + 705 g/t Ag CDH-159 | El Cometa CDH-077 | El Refugio 18.67 m 9.64 g/t Au + 278 g/t Ag 2.22 m 32.2 g/t Au + 185 g/t Ag CDH-094
Slide 11: Target 4: The Next Potential Resource Area
TARGET 4: THE NEXT POTENTIAL RESOURCE AREA New geologic model application: 1.5 km potential structure, with 550+ m confirmed strike and two drills currently working For personal use only 11
Slide 12: La Dura Adds km² Adjacent to Copalquin
For personal use only LA DURA ADDS 20 km² ADJACENT TO COPALQUIN Walk-up drill target for early 2027 Acquisition announced in December 2025 Contiguous concessions with a historic four-level mine Large sampling database LIDAR interpretation and aerial magnetic survey completed MITHRIL SILVER & GOLD 12
Slide 13: La Dura LiDAR
LA DURA LIDAR For personal use only A 1.5 km northwest trend of workings, approximately 300 m wide 18 shafts 44 adits 134 shallow prospecting pits ALONG STRIKE: most mining activity aligns with the La Dura mine trend SECOND CLUSTER: additional adits sit about 1 km to the south MITHRIL SILVER & GOLD
Slide 14: 2026–2027 Programme
2026–2027 PROGRAMME For personal use only 12,000 m fully funded H2 2026 drilling programme, with two rigs operating 1 2 3 4 5 TARGET 1 TARGET 4 TARGETS 3 & 5 LA DURA CUCARACHA PEA commenced Drilling now Next drill phase Walk-up drill target First drilling for early 2027 550+ m confirmed in 2027 for
Slide 15: Eight Years of Local Operating Relationships
EIGHT YEARS OF LOCAL OPERATING RELATIONSHIPS For personal use only 40 local residents directly employed Up to 3 community schools supported July 2030 NOM-120 environmental permit extended through No ejidos simplifies stated land access and tenure The source presentation states that Mithril maintains
Slide 16: Leadership with Mexico and Mine-Development Experience
LEADERSHIP WITH MEXICO AND MINE-DEVELOPMENT EXPERIENCE For personal use only JOHN SKEET JIM BARR JOSUE CORRAL PRISCILA SKEET CEO & Managing Director VP Exploration Geology Manager General Manager - Mexico 35+ years building mines, 20 20+ years in exploration and mine 11 years exploring Sierra Madre
Slide 17: Why Mithril
WHY For personal use only MITHRIL DISTRICT SCALE 90 km² across Copalquin and La Dura, with 160+ historic mines and workings RESOURCE QUALITY 75% Indicated at Target 1, constrained and diluted within underground mining shapes – single A resource with increasing deposit confidence and multiple paths t
Slide 18: Mithril's Share-Price Rerating Case
MITHRIL’S SHARE-PRICE RERATING CASE For personal use only TARGET 1 PRELIMINARY ECONOMIC ASSESSMENT AND NEW TARGET 4 RESOURCE GROWTH 77% BELOW THE FIVE-PEER AVERAGE TARGET 1 PEA C$1.20/oz Mithril vs C$5.15/oz peer average Published economics to support a development-stage valuation EV / M&I silver eq
Slide 19: For personal use only
Authorised by the Managing Director For personal use only JOHN SKEET NIKLI COMMUNICATIONS Managing Director & CEO Nicole Hoeller North America based nicole@mithrilsilvergold.com jskeet@mithrilsilvergold.com TSXV: MSG ASX: MTH OTCQB: MTIRF +61 435 766 809 Liz Monger liz@mithrilsilvergold.com mithrils
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