Mila Resources Advances Drilling Activities at Yarrol Gold Project

 

Mila Resources Plc (LSE:MILA) has reported steady progress in its drilling campaign at the Yarrol Gold Project in Queensland, Australia. The company has completed three drill holes in the southern section of its license area, targeting potential mineralization extensions beyond the historical resource boundaries. The program utilizes Reverse Circulation drilling to efficiently test extensions both at depth and along strike. Following initial work in the south, the drill rig has now moved north to explore additional targets beneath known mineralization zones and into previously unexplored areas. Samples from the completed holes have been submitted to an independent lab for analysis, with results expected shortly. This drilling initiative forms part of a broader strategy to systematically assess the mineralization potential across the Yarrol district, aiming to identify commercially viable deposits.

While Mila Resources continues to face financial headwinds, including ongoing losses and cash flow challenges, technical indicators suggest positive short-term momentum. Strategic initiatives underway may also help improve its future positioning, though concerns about negative earnings and the absence of dividends remain.

About Mila Resources

Mila Resources Plc operates within the natural resources sector, concentrating on the exploration of gold and copper. Listed on the London Stock Exchange, the company’s primary focus is currently on advancing its Yarrol Gold Project in Queensland, Australia.

• Year-to-Date Price Change: -25.71%

• Average Daily Trading Volume: 3,262,477 shares

• Technical Sentiment Indicator: Buy

• Current Market Capitalization: £1.41 million

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