Originally posted by Altimely:

Jewelcrafting is the most stable mod for this purpose and is still getting new content.

Epic Loot is less stable, isn't being updated, is less balanced, but serves the same purpose.

*Disclaimer: mods aren't supported by Iron Gate and isn't responsible for lost data. Use mods with caution and back up your data*

I tried jewelcrafting but it just seems like a mega grindfest. I don't like how there's a 50% chance to destroy your item. It took me almost half a day to drag enough silver off the mountain to my base to craft frostner and silver battleaxe