Mithril Silver and Gold Limited has addressed significant market activity following a notable intraday price spike from a previous closing price of $0.37 to an intraday high of $0.45, alongside a marked increase in trading volume. The company confirmed it is in possession of material information that, if disclosed, might explain the recent price movements, specifically referencing pending channel sample results at target 5 El Apomal. These results, however, remain in a preliminary state as they await further interpretation, validation, and the necessary verification and sign‐off in compliance with JORC standards. The response, issued by Company Secretary Justyn Stedwell and authorised by the Managing Director, explains that while the confidential information is being properly safeguarded, an official announcement cannot be made immediately due to the requirements for a thorough technical review and preparation. As a result, the company has imposed a temporary trading halt, with the expectation that a formal disclosure will be released by Tuesday, 3 June 2025. In addition, the company confirmed full adherence to its continuous disclosure obligations, including compliance with the relevant listing rules. The news holds a dual sentiment for market participants. On the bullish side, the potential for favourable drilling results at target 5 El Apomal could unlock value and attract investor interest, potentially driving further upward momentum as more details emerge. Conversely, the bearish outlook is underpinned by the uncertainties around the pending results and the fact that the current trading activity is based on information that is yet to be validated. This could lead to increased volatility until the complete set of data is available and properly interpreted.