Excluding the bonanza potential of Illogwa, clearly the excitement within and around what MTH is currently exploring at Spargos Reward and surrounding areas ie the new Evans Prospect essentially stems from the potential size of the gold resource. Results so far suggest that the grades at Spargos Reward are increasingly at a proportional rate to the depth. The initial results from the Evans prospect are at a depth of 100m or less. The first stage of these results clearly mirror those at Spargos Reward in respect to the grades achieved < 100m but critically, there is a 3.3km separation of both areas. The next set of results at depth > 100m will tell the real story of the propspect. If the grades increase at depth for Evans prospect, this would imply that MTH could be sitting on a new economic gold province.
Why anyone would sell MTH based on that announcement is beyond comprehension save of course out of a necessity.
MTH imo has never ever been in better shape than it is right now although the SP would suggest otherwise. I am shy of saying it is a no brainer but it will be game on for sure if the next round of results from Evans prospect come in significantly higher than the first batch (and historical data) announced today.
As a result of todays announcement, I lift my sentiment to 'strong buy'.
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MTH
mithril silver and gold limited
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62.0¢

Excluding the bonanza potential of Illogwa, clearly the...
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Last
62.0¢ |
Change
0.065(11.7%) |
Mkt cap ! $113.7M |
Open | High | Low | Value | Volume |
57.0¢ | 64.5¢ | 56.0¢ | $469.4K | 787.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26500 | 61.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.0¢ | 96207 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26500 | 0.615 |
1 | 16528 | 0.610 |
1 | 8000 | 0.605 |
2 | 11020 | 0.600 |
1 | 11864 | 0.590 |
Price($) | Vol. | No. |
---|---|---|
0.620 | 36207 | 1 |
0.625 | 1300 | 1 |
0.645 | 10000 | 1 |
0.650 | 56223 | 2 |
0.660 | 3782 | 2 |
Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
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MTH (ASX) Chart |