New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$55.3m market cap, or US$39.4m). Announcement • Mar 05
Mithril Silver and Gold Limited Appoints James Barr, P.Geo as Vice President, Exploration, Effective 3 March 2026 Mithril Silver and Gold Limited announced the appointment of James Barr, P.Geo., as Vice President, Exploration, effective 3 March 2026. Mr. Barr brings more than 20 years of international mineral exploration and mine development experience, with deep expertise in Mexicos epithermal gold-silver systems. Most recently, he served in senior leadership roles at SilverCrest Metals Inc., culminating as Interim Vice President, Exploration, where he played a key role in advancing and expanding the Las Chispas Mine in Sonora, Mexico. SilverCrest was acquired by Coeur Mining in February 2025 in a transaction valued at approximately USD 1.7 billion. At SilverCrest, Mr. Barr was instrumental in driving mineral resource growth, leading mine geology and regional exploration teams, implementing rigorous QA/QC and data management protocols, and supporting corporate technical due diligence that contributed to the companys valuation and successful acquisition. He has had boots on the ground at dozens of projects and producing mines throughout Mexico, and previously acted as Project Manager and Qualified Person on several NI 43-101 technical studies within Mexicos Sierra Madre Occidental, including Santa Elena (leading into acquisition by First Majestic Silver in 2015) further strengthening his track record in advancing high-grade precious metals projects from discovery through production.Mr. Barr is a Registered Professional Geoscientist (British Columbia) and holds a Bachelor of Science (Honours) degree from the University of Waterloo. He has extensive working experience from projects located throughout Canada, United States, Africa and Europe in underground narrow-vein systems, open pit and heap leach operations, mineral resource estimation, technical reporting, and strategic exploration planning. Mr. Barrs appointment strengthens Mithrils technical leadership as the Company continues to advance exploration across its Copalquin Gold-Silver District in Durango, Mexico, including ongoing drilling and regional target development. 
