Mithril Silver and Gold (ASX: MTH) reported continued exploration success across its Copalquin and La Dura projects in Mexico during the December 2025 quarter as drilling, mapping, and geophysics reinforced the scale of the district. Silver-Rich Target 5 EmergesMaiden drilling at the Apomal–Candelaria area intersected high-grade silver equivalent mineralisation, validating Target 5 as a distinct growth opportunity separate from the main gold-dominant corridor at Target 1. Channel sampling returned high-grade gold and silver results, and a maiden drill program commenced at Target 3 in January 2026 following the end of the quarter. Integrated geological, spectral, and petrographic work confirmed a dominant east–west mineralised corridor with cross-cutting northwest feeder structures and vertically zoned gold and silver mineralisation across the district. LiDAR surveying has been completed and an aerial magnetic survey is planned to support property-scale mapping and drill target generation.