From Lost Fables Wiki
An extremely rare precious metal, Mithril is a silver material sought after for its intense strength and light weight. Considered the better version of Tungsten, the metal is most commonly used to create sets of armor almost incapable of being dulled or tarnished.
Being forged similar to Tungsten, Mithril takes immense amounts of heat to become workable. The length of time it stays workable, however, is rather short, as not long after cooling begins, the metal becomes almost impossible to shape, regardless of the force applied to it. The melting temperature for Mithril has never been discovered, but is believed to be higher than current forges are capable of reaching, leaving most of the work to be done by hand.
Weaponry and Armor
Mithril is used primarily for Armor purposes due to its immense strength compared to its light weight. The weight of the material could be closest related to that of a typical gambeson or leather armor, yet holds an even greater strength than the thickest Tungsten. Wearing Mithril armor would allow its user to perform at high speeds while having close to the best possible protection.
There are no Mithril Artifacts on Anoma, perhaps you can change this.