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

 

5 June 2025

 

Mila Resources Plc

('Mila' or the 'Company')

 

Gold Continuity Confirmed Outside Historic Resource at Yarrol

 

Mila Resources Plc (LSE: MILA), the gold exploration company, is pleased to announce the results from two additional holes from the Phase 1 drilling programme at the Yarrol Gold Project in Queensland, Australia. These results bring the total reported to four holes out of ten drilled in the current campaign.

 

The programme is designed to test extensions at depth and along strike of the historic resource envelope in the southern area of the licence, as well as to investigate mineralisation below known intercepts and step out into previously untested parallel zones in the northern area of the licence.

 

The results from holes 3 and 4 continue to build on the initial success at Yarrol (Table 1 and Appendix 1), with these latest intercepts delivering higher grades than historically reported neighbouring holes. The latest results have confirmed multiple mineralised zones and importantly have intercepted mineralisation outside the historical drilled area reinforcing the potential for resource growth at depth (Figures 2 and 3).

 

Highlights

·      MYARC0196 Intercepted:

o  16m @ 1.83g/t Au from 87m

§ including 5m @ 2.68g/t Au which contains 1m @ 7.17g/t Au

§ and including 5m @ 2.53g/t Au

·      MYARC0204 intercepted:

o  2m @ 0.63g/t Au from 32m

o  15m @ 1.76g/t Au from 101m

§ Including 1m @ 16.05g/t Au

o  4m @ 3.54g/t Au from 133m

§ Including 1m @ 13.05g/t Au

o  6m @ 1.19g/t Au from 152m

§ Including 1m @ 2.01g/t Au

 

Cut-off grade of 0.3g/t Au and 2m internal dilution applied to intercepts.

 

These results follow the two holes previously announced (21 May 2025) and mark four holes out of ten drilled to date (Figure 1 and Table 2), with assays for the remaining six holes still pending.

 

The programme has already met several key objectives:

1.   High-grade mineralisation has been intersected in the core of the Yarrol deposit, with observations of quartz veining and sulphide rich zones, associated with high grade gold, giving the team further confidence to focus on structural controls as a key vectoring tool for resource growth.

2.   Historical wide intercepts are being replicated, providing further validation of the inherited data, including regional scout holes, and supporting the geological model of continuity of mineralisation both along strike and down dip.

3.   Gold mineralisation, including high-grade zones, continues at depth beyond historical drilling, extending the known system and demonstrating clear growth potential down-dip.

 

The team look forward to receiving further results from the six remaining holes, building into the emerging picture of geological continuity.

 

Mark Stephenson, Executive Director of Mila Resources, commented:

"These results are a major win, as they continue to demonstrate the strength and scale of the Yarrol system. With only four holes reported to date, we are already seeing clear evidence that the mineralisation is continuous and extends beyond the footprint of historical drilling. The intercepts confirm that the core of the system hosts high-grade material, and that continuity at depth is real. With six more holes still to come, we are encouraged by what we're seeing and are confident in Yarrol's potential to deliver a much larger gold system."

 

Next Steps

The remaining six holes are currently at the laboratory, with results expected over the coming weeks. Once all assays are received, the Company will look to incorporate these into an updated geological interpretation and begin defining next-phase exploration targets aimed at expanding the mineralised envelope along the Yarrol fault, a 20km long feature.

 

About the Yarrol Gold Project

The Yarrol Project is located in the highly prospective Yarrol Province in Queensland, an emerging gold district host to several known mineralised systems. Mila's initial focus has been on drilling beneath and along strike from historic shallow gold intercepts. The ongoing drill programme is designed to test the continuity, grade, and scale of the gold system, with a view to defining a maiden JORC resource in due course.

 

Table 1: Significant Intersections

Hole ID	Width	From	To	Au g/t
MYARC0195	2m	100m	102m	1.00
	1m	117m	118m	5.19
	2m	126m	128m	6.44
MYARC0196	16m	69m	85m	1.83
incl	5m	69m	74m	2.68
which incl's	1m	70m	71m	7.17
incl	5m	76m	81m	2.53
MYARC0197	11m	11m	22m	2.91
incl	1m	11m	12m	16.45
	1m	32m	33m	39.10
	17m	42m	59m	5.47
incl	1m	42m	43m	9.25
and incl	8m	51m	59m	9.76
which incl's	1m	54m	55m	47.40
MYARC0204	15m	101m	116m	1.76
incl	1m	109m	110m	16.05
	4m	133m	137m	3.54
incl	1m	133m	134m	13.05
	6m	152m	158m	1.19
MYARC0198	Results pending
MYARC0199	Results pending
MYARC0200	Results pending
MYARC0201	Results pending
MYARC0202	Results pending
MYARC0203	Results pending

Cut-off grade of 0.3g/t Au and 2m internal dilution applied to intercepts.

See Appendix 1 for full table of results.

 

Table 2: Drill hole collar details

Hole ID	Type	Depth	Dip	Azimuth	East	North	RL
					MGA94	MGA94	MGA
MYARC0195	RC	198	-60	332	334192	7233867	286
MYARC0196	RC	150	-60	340	334095	7233815	271
MYARC0197	RC	150	-60	300	334469	7234825	271
MYARC0198	RC	162	-60	300	334493	7234676	304
MYARC0199	RC	200	-60	300	334492	7234725	306
MYARC0200	RC	210	-60	300	334531	7234804	311
MYARC0201	RC	200	-60	300	334507	7234843	306
MYARC0202	RC	216	-60	280	334418	7235132	313
MYARC0203	RC	168	-60	300	334450	7235106	303
MYARC0204	RC	216	-60	280	334492	7235058	299
TOTAL		1870m

Figure 1: Drillhole location plan with simplified geological interpretation.

Figure 2: Cross-Section through MYARC0196

Figure 3: Cross-Section through MYARC0204

Competent Person Statement

The information in this announcement relating to Exploration Results is based on information compiled by Neil Hutchison, who is Technical Director of Mila Resources, and a member of The Australasian Institute of Geoscientists. Mr Hutchison has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves".

 

**ENDS**

 

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

 

Mark Stephenson Mila Resources Plc	[email protected]
Jonathan Evans Tavira Financial Limited	+44 (0) 20 7100 5100
Nick Emerson SI Capital	+44 (0) 20 3143 0600
Damon Heath Shard Capital Partners LLP	+44 (0) 20 3971 7000
Susie Geliher / Charlotte Page St Brides Partners Limited	+44 (0) 20 7236 1177

 

 

Appendix 1: Complete assay intervals of mineralised zones with Significant Intersection Calculations and high-grade assays highlighted.

DRILLHOLE_ID	SAMPLE ID	FROM-m	TO-m	Au ppm	WIDTH-m	@	GRADE Au g/t	Including
MYARC0196	872691	59.00	60.00	0.03
MYARC0196	872692	60.00	61.00	0.07
MYARC0196	872693	61.00	62.00	0.03
MYARC0196	872694	62.00	63.00	0.07
MYARC0196	872695	63.00	64.00	0.02
MYARC0196	872696	64.00	65.00	0.11
MYARC0196	872697	65.00	66.00	0.04
MYARC0196	872698	66.00	67.00	0.04
MYARC0196	872699	67.00	68.00	0.07
MYARC0196	872701	68.00	69.00	0.23
MYARC0196	872702	69.00	70.00	1.10	16.00	@	1.83
MYARC0196	872703	70.00	71.00	7.17	5.00	@	2.68	incl
MYARC0196	872704	71.00	72.00	0.86
MYARC0196	872705	72.00	73.00	3.07
MYARC0196	872706	73.00	74.00	1.22
MYARC0196	872707	74.00	75.00	0.50
MYARC0196	872708	75.00	76.00	0.25
MYARC0196	872709	76.00	77.00	1.65	5.00	@	2.53	incl
MYARC0196	872710	77.00	78.00	4.32
MYARC0196	872711	78.00	79.00	2.55
MYARC0196	872712	79.00	80.00	1.90
MYARC0196	872713	80.00	81.00	2.22
MYARC0196	872714	81.00	82.00	0.86
MYARC0196	872715	82.00	83.00	0.70
MYARC0196	872716	83.00	84.00	0.21
MYARC0196	872717	84.00	85.00	0.73
MYARC0196	872718	85.00	86.00	0.08
MYARC0196	872719	86.00	87.00	0.17
MYARC0196	872720	87.00	88.00	0.04
MYARC0196	872721	88.00	89.00	0.03
MYARC0196	872722	89.00	90.00	0.02
MYARC0196	872723	90.00	91.00	0.01
MYARC0196	872724	91.00	92.00	0.02
MYARC0196	872725	92.00	93.00	0.05
MYARC0196	872726	93.00	94.00	0.09
MYARC0196	872727	94.00	95.00	0.05
MYARC0196	872728	95.00	96.00	0.04
MYARC0196	872729	96.00	97.00	0.03
MYARC0196	872731	97.00	98.00	0.01
MYARC0196	872732	98.00	99.00	0.03
MYARC0196	872733	99.00	100.00	0.02
MYARC0196	872734	100.00	101.00	0.03
MYARC0196	872735	101.00	102.00	0.02
MYARC0196	872736	102.00	103.00	0.01
MYARC0196	872737	103.00	104.00	0.01
MYARC0196	872738	104.00	105.00	0.01
MYARC0196	872739	105.00	106.00	0.01
MYARC0196	872740	106.00	107.00	0.01
MYARC0196	872741	107.00	108.00	0.01
MYARC0196	872742	108.00	109.00	0.01
MYARC0196	872743	109.00	110.00	0.01
MYARC0204	873907	0.00	1.00	0.07
MYARC0204	873908	1.00	2.00	0.05
MYARC0204	873909	2.00	3.00	0.04
MYARC0204	873910	3.00	4.00	0.03
MYARC0204	873911	4.00	5.00	0.02
MYARC0204	873912	5.00	6.00	0.02
MYARC0204	873913	6.00	7.00	0.02
MYARC0204	873914	7.00	8.00	0.01
MYARC0204	873915	8.00	9.00	0.02
DRILLHOLE_ID	SAMPLE ID	FROM-m	TO-m	Au ppm	WIDTH-m	@	GRADE Au g/t	Including
MYARC0204	873916	9.00	10.00	0.01
MYARC0204	873917	10.00	11.00	0.47	1	@	0.47
MYARC0204	873918	11.00	12.00	0.25
MYARC0204	873919	12.00	13.00	0.04
MYARC0204	873920	13.00	14.00	0.07
MYARC0204	873921	14.00	15.00	0.1
MYARC0204	873922	15.00	16.00	0.01
MYARC0204	873923	16.00	17.00	0.02
MYARC0204	873924	17.00	18.00	0.02
MYARC0204	873925	18.00	19.00	0.02
MYARC0204	873926	19.00	20.00	0.02
MYARC0204	873927	20.00	21.00	0.01
MYARC0204	873928	21.00	22.00	0.02
MYARC0204	873929	22.00	23.00	0.09
MYARC0204	873931	23.00	24.00	0.03
MYARC0204	873932	24.00	25.00	0.02
MYARC0204	873933	25.00	26.00	0.03
MYARC0204	873934	26.00	27.00	0.02
MYARC0204	873935	27.00	28.00	0.17
MYARC0204	873936	28.00	29.00	0.03
MYARC0204	873937	29.00	30.00	0.01
MYARC0204	873938	30.00	31.00	0.04
MYARC0204	873939	31.00	32.00	0.03
MYARC0204	873940	32.00	33.00	0.84	2	@	0.63
MYARC0204	873941	33.00	34.00	0.41
MYARC0204	873942	34.00	35.00	0.06
MYARC0204	873943	35.00	36.00	0.02
MYARC0204	873944	36.00	37.00	0.04
MYARC0204	873945	37.00	38.00	0.05
MYARC0204	873946	38.00	39.00	0.03
MYARC0204	873947	39.00	40.00	0.1
MYARC0204	873948	40.00	41.00	0.03
MYARC0204	873949	41.00	42.00	-0.01
MYARC0204	873950	42.00	43.00	0.02
MYARC0204	873951	43.00	44.00	0.01
MYARC0204	873952	44.00	45.00	0.01
MYARC0204	873953	45.00	46.00	0.01
MYARC0204	873954	46.00	47.00	0.01
MYARC0204	873955	47.00	48.00	0.02
MYARC0204	873956	48.00	49.00	0.03
MYARC0204	873957	49.00	50.00	0.03
MYARC0204	873958	50.00	51.00	0.04
MYARC0204	873959	51.00	52.00	0.05
MYARC0204	873961	52.00	53.00	0.02
MYARC0204	873962	53.00	54.00	0.02
MYARC0204	873963	54.00	55.00	0.01
MYARC0204	873964	55.00	56.00	0.01
MYARC0204	873965	56.00	57.00	0.01
MYARC0204	873966	57.00	58.00	0.02
MYARC0204	873967	58.00	59.00	0.02
MYARC0204	873968	59.00	60.00	0.02
MYARC0204	873969	60.00	61.00	0.02
MYARC0204	873970	61.00	62.00	0.03
MYARC0204	873971	62.00	63.00	0.02
MYARC0204	873972	63.00	64.00	0.03
MYARC0204	873973	64.00	65.00	0.01
MYARC0204	873974	65.00	66.00	0.02
MYARC0204	873975	66.00	67.00	0.01
MYARC0204	873976	67.00	68.00	0.01
MYARC0204	873977	68.00	69.00	0.01
MYARC0204	873978	69.00	70.00	0.02
MYARC0204	873979	70.00	71.00	0.02
MYARC0204	873980	71.00	72.00	0.01
DRILLHOLE_ID	SAMPLE ID	FROM-m	TO-m	Au ppm	WIDTH-m	@	GRADE Au g/t	Including
MYARC0204	873981	72.00	73.00	-0.01
MYARC0204	873982	73.00	74.00	0.01
MYARC0204	873983	74.00	75.00	0.01
MYARC0204	873984	75.00	76.00	0.02
MYARC0204	873985	76.00	77.00	0.02
MYARC0204	873986	77.00	78.00	0.02
MYARC0204	873987	78.00	79.00	0.01
MYARC0204	873988	79.00	80.00	0.01
MYARC0204	873989	80.00	81.00	0.01
MYARC0204	873991	81.00	82.00	0.03
MYARC0204	873992	82.00	83.00	0.03
MYARC0204	873993	83.00	84.00	0.01
MYARC0204	873994	84.00	85.00	0.12
MYARC0204	873995	85.00	86.00	0.01
MYARC0204	873996	86.00	87.00	-0.01
MYARC0204	873997	87.00	88.00	0.01
MYARC0204	873998	88.00	89.00	0.02
MYARC0204	873999	89.00	90.00	0.07
MYARC0204	874000	90.00	91.00	0.02
MYARC0204	874001	91.00	92.00	0.03
MYARC0204	874002	92.00	93.00	0.17
MYARC0204	874003	93.00	94.00	0.03
MYARC0204	874004	94.00	95.00	0.01
MYARC0204	874005	95.00	96.00	0.01
MYARC0204	874006	96.00	97.00	0.01
MYARC0204	874007	97.00	98.00	0.15
MYARC0204	874008	98.00	99.00	0.06
MYARC0204	874009	99.00	100.00	0.23
MYARC0204	874010	100.00	101.00	0.21
MYARC0204	874011	101.00	102.00	0.95	15.00	@	1.76
MYARC0204	874012	102.00	103.00	1.71
MYARC0204	874013	103.00	104.00	0.71
MYARC0204	874014	104.00	105.00	0.33
MYARC0204	874015	105.00	106.00	0.28
MYARC0204	874016	106.00	107.00	0.36
MYARC0204	874017	107.00	108.00	0.25
MYARC0204	874018	108.00	109.00	0.38
MYARC0204	874019	109.00	110.00	16.05	1.00	@	16.05	incl
MYARC0204	874021	110.00	111.00	1.52
MYARC0204	874022	111.00	112.00	0.33
MYARC0204	874023	112.00	113.00	0.23
MYARC0204	874024	113.00	114.00	1.45
MYARC0204	874025	114.00	115.00	0.66
MYARC0204	874026	115.00	116.00	1.19
MYARC0204	874027	116.00	117.00	0.28
MYARC0204	874028	117.00	118.00	0.19
MYARC0204	874029	118.00	119.00	0.22
MYARC0204	874030	119.00	120.00	1.1	4.00	@	0.66
MYARC0204	874031	120.00	121.00	0.48
MYARC0204	874032	121.00	122.00	0.12
MYARC0204	874033	122.00	123.00	0.94
MYARC0204	874034	123.00	124.00	0.14
MYARC0204	874035	124.00	125.00	0.29
MYARC0204	874036	125.00	126.00	0.03
MYARC0204	874037	126.00	127.00	0.05
MYARC0204	874038	127.00	128.00	0.04
MYARC0204	874039	128.00	129.00	0.02
MYARC0204	874040	129.00	130.00	0.03
MYARC0204	874041	130.00	131.00	0.02
MYARC0204	874042	131.00	132.00	0.01

 

DRILLHOLE_ID	SAMPLE ID	FROM-m	TO-m	Au ppm	WIDTH-m	@	GRADE Au g/t	Including
MYARC0204	874043	132.00	133.00	0.2	4	@	3.54
MYARC0204	874044	133.00	134.00	13.05	1	@	13.05	incl
MYARC0204	874045	134.00	135.00	0.38
MYARC0204	874046	135.00	136.00	0.27
MYARC0204	874047	136.00	137.00	0.47
MYARC0204	874048	137.00	138.00	0.1
MYARC0204	874049	138.00	139.00	0.13
MYARC0204	874051	139.00	140.00	0.07
MYARC0204	874052	140.00	141.00	0.03
MYARC0204	874053	141.00	142.00	0.11
MYARC0204	874054	142.00	143.00	0.09
MYARC0204	874055	143.00	144.00	0.04
MYARC0204	874056	144.00	145.00	0.04
MYARC0204	874057	145.00	146.00	0.07
MYARC0204	874058	146.00	147.00	0.03
MYARC0204	874059	147.00	148.00	0.05
MYARC0204	874060	148.00	149.00	0.16
MYARC0204	874061	149.00	150.00	0.03
MYARC0204	874062	150.00	151.00	0.02
MYARC0204	874063	151.00	152.00	0.05
MYARC0204	874064	152.00	153.00	1.20	6	@	1.19
MYARC0204	874065	153.00	154.00	1.23
MYARC0204	874066	154.00	155.00	0.82
MYARC0204	874067	155.00	156.00	0.90
MYARC0204	874068	156.00	157.00	0.97
MYARC0204	874069	157.00	158.00	2.01
MYARC0204	874070	158.00	159.00	0.12
MYARC0204	874071	159.00	160.00	0.18
MYARC0204	874072	160.00	161.00	0.08
MYARC0204	874073	161.00	162.00	0.01
MYARC0204	874074	162.00	163.00	0.26
MYARC0204	874075	163.00	164.00	0.04
MYARC0204	874076	164.00	165.00	0.01
MYARC0204	874077	165.00	166.00	0.02
MYARC0204	874078	166.00	167.00	0.02
MYARC0204	874079	167.00	168.00	0.02
MYARC0204	EXP539665	168.00	170.00	0.02
MYARC0204	EXP539666	170.00	172.00	0.02
MYARC0204	EXP539667	172.00	174.00	0.01
MYARC0204	EXP539668	174.00	176.00	0.48
MYARC0204	EXP539669	176.00	178.00	0.19
MYARC0204	EXP539670	178.00	180.00	0.02
MYARC0204	EXP539671	180.00	182.00	0.02
MYARC0204	EXP539672	182.00	184.00	0.02
MYARC0204	EXP539673	184.00	186.00	0.01
MYARC0204	EXP539674	186.00	188.00	0.23
MYARC0204	EXP539675	188.00	190.00	0.02
MYARC0204	EXP539676	190.00	192.00	0.14
MYARC0204	EXP539677	192.00	194.00	0.32
MYARC0204	EXP539678	194.00	196.00	0.16
MYARC0204	EXP539679	196.00	198.00	0.01
MYARC0204	EXP539680	198.00	200.00	0.03
MYARC0204	EXP539681	200.00	202.00	0.04
MYARC0204	EXP539682	202.00	204.00	0.02
MYARC0204	EXP539683	204.00	206.00	0.18
MYARC0204	EXP539684	206.00	208.00	0.03
MYARC0204	EXP539685	208.00	210.00	0.01
MYARC0204	EXP539686	210.00	212.00	0.02
MYARC0204	EXP539687	212.00	214.00	0.03
MYARC0204	EXP539688	214.00	216.00	0.01