Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

21 May 2025

Mila Resources Plc

('Mila' or the 'Company')

New Corporate Presentation

Mila Resources Plc (LSE: MILA), the post-discovery gold exploration accelerator, is pleased to announce that an updated copy of its corporate presentation has been uploaded to its website www.milaresources.com.   

Mila's Executive Chairman, Mark Stephenson, will be using the presentation at a webinar on Stock Box Media later this evening (Wednesday 21 May) at 7:00 PM (BST).  Alongside other leading gold explorers, Mr Stephenson will provide insight on the Company's latest drill results at the Yarrol Gold Project in Queensland, Australia, discussing the significance of the Yarrol system and the Company's forward exploration strategy.

To join the presentation, please register here:

https://mailchi.mp/0413fcf36619/stockboxpremiere.

**ENDS**

For more information visit www.milaresources.com or contact:

Mila Resources - the project accelerator, the story so far:

Queensland Portfolio

Mila has taken up the option to acquire three neighbouring properties in South-West Queensland. Each holds historic workings yet are significantly underexplored and represent clear opportunities for discovery and resource growth. This area of Queensland boasts a rich mining heritage and significant ongoing exploration, and Mila's Queensland Portfolio each consisting of multiple targets of Gold, Copper, and other base-metals, each defined at various stages of development, further adding to the project's appeal.

The region, which is parallel to the cost and in proximity to good infrastructure connections, spans from the Cracow and Eidsvold goldfields to major porphyry copper systems like Briggs and Mount Cannindah, with gold, copper, and base metals at the forefront of its mining legacy.

Key highlights of the region's gold mining history include:

·      Cracow Gold Mine: Operated by Aeris Resources, the high-grade underground operation is known for its consistent output.

·      Mount Rawdon: A bulk-tonnage open-pit gold mine, operated by Evolution Mining.

·      Mount Morgan: One of Australia's most historically significant mines, with over eight million ounces of gold and more than 400k tonnes of copper produced to date. The mine, now on C&M is owned by Meritage Minerals who are looking to re-start production in the coming year.

At Yarrol a historic, non-JORC resource of circa 100 k oz Gold at 1.5 g/t (un-cut) was defined but only to shallow depths (< 80 m) despite intersections of mineralised structures past 150m and further mineralised bands drilled along strike. Since 1994, gold has surged from US$384/oz to US$3,000/oz, delivering a 6.8% CAGR, far outpacing Australia's 2.5% annual inflation. In this new price environment, and with modern processing technology enabling the recovery of lower-grade mineralisation surrounding the high-grade veins, Yarrol now sits in a fundamentally different economic landscape. What was once considered marginal could now be overlooked value. Small scout drilling programmes took place in the early 2000s. The previous operators drilled a handful of exploration holes before their focus shifted toward a novel cobalt discovery within the license. The gold has been repeatedly overlooked, requiring systematic exploration work and detailed structural integration of the existing data sets, to extrapolating the model down dip and along strike to provide critical scale, ultimately unlocking the full value of the property.

Mt Steadman

Targeting gold revival as Mila aims to uncover extensive orebody beyond historic mines Mined from the 1920s-1940s with multiple small underground operations.

Mined from the 1920s-1940s with multiple small underground operations. Mining focussed on the single vein London and Mt Steadman prospects. The Venus Prospect is characterised by multiple sheeted quartz veins, and extensive historical excavations indicate a significantly larger system than at London and Mt. Steadman. Drilling to date has been limited to shallow depths (typically <100M). Clear potential for both deeper and along strike drilling to expand the zone of known mineralisation and potential resource area. Multiple higher-grade intercepts in historic drilling that were not further investigated.

Monal

Confirmed copper, gold, and zinc targets, which Mila plans to leverage to unlock economic mineralisation potential.

Licence overlies the historic Mondal Gold fields, that produced over 20k oz of gold in the late 19th century and early 20th century. Multiple gold and copper anomalies confirmed from historic work but have not been systematically explored. Limited geophysical surveys despite outcropping sulphide rich material in multiple localities. Mila sees clear potential to quickly advance a number of high value gold and copper targets within the licence. Excellent access to licence allowing time and cost-efficient near-term exploration work.

Kathleen Valley Portfolio

A key pillar in the Mila Portfolio, Kathleen Valley is located in the tier-one Wiluna-Norseman gold belt, 7km from both Bellevue Gold Mine and Liontown Resources, in the heart of Western Australia's major mineral activity. With a strategic position of the land package, and prospective, Milas team is looking to realise value without committing capital in the short term.

Gold

2022 and 2023 exploration campaigns yielded highly promising gold intercepts including 8.38g/t Gold over 10m, 14.86g/t over 6.6m and 4.28g/t over 5m. Drilled a total of 3,103m with an average depth of ~200m, including scout drilling down to a depth of 303m on hole KVRD029. The teams focus is now on growing critical mass of the project, including reviewing near-surface targets, especially in the northern areas, where structural geology work is providing insights into the controlling mineralisation features.

Lithium

The project sits next door to Liontown's Lithium and Tantalum Kathleen Valley, a recognised tier one mining jurisdiction and one of Australia's most prolific lithium districts. Liontown's proximal Kathleen Valley Lithium Project commenced production mid-2024 and has offtake arrangements with LG, Ford and Tesla. Surface mapping and sampling shows the system continues onto the Mila Kathaleen Valley property.