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

 

28 April 2026

Mila Resources Plc

("Mila" or the "Company")

 

RC Results at Yarrol Continue to Derisk the Project

 

Mila Resources Plc (LSE: MILA), the post-discovery gold exploration accelerator, is pleased to report assay results from holes 3, 4 and 5 of the Company's 12-hole Reverse Circulation ("RC") drilling campaign completed in Q1 2026 at the Yarrol Gold Project, Queensland, Australia ("Yarrol"). The results reported below were drilled in the southern segment of the Yarrol North target.

 

OVERVIEW

 

Yarrol Gold Project - RC Drilling

·      New results from the Q1 2026 RC campaign return the highest-grade gold intercept recorded on the project at 112g/t over 1m.

·      Drillholes confirm high grade mineralisation in southernmost positions drilled to date at Yarrol North Target.

·      The results also confirm extensions of shallow gold mineralisation further to the north and continuity of mineralisation to the west that was not included in the historic resource.

·      Further results from infill and step-out holes completed as part of the Q1 2026 programme are pending and will be reported in due course.

·      The programme is designed to build the dataset required for an initial JORC mineral resource estimate ("MRE").

·      Multi-element geochemical assays are being used to refine the Company's structural interpretation of the Yarrol system and to inform next-phase drill targeting.

·      Best intercepts from the three holes include:

·      4m @ 29.4g/t gold (Au) from 8m (MYARC0222)

o  including 1m @ 112g/t Au from 10m; and

o  1m @ 5g/t Au from 11m

·      9m @ 2.48g/t Au from 31m (MYARC0216)

o  including 1m @ 15.05g/t Au from 36m

·      7m @ 1.0g/t Au from 17m (MYARC0215)

o  including 1m @ 4.04g/t Au from 21m

 

Mark Stephenson, Executive Chairman, commented:

"We are delighted with these results with some notably high-grade results. Every intercept, no matter the size, is helping us build tonnage and tighten the geological picture.

 

"What is emerging is a pattern of repeating structures hosting high-grade shoots, suggesting a more continuous and robust mineralised system than was ever previously understood.  We are now moving beyond isolated results and toward the building a meaningful and economic gold resource in a proven gold district. Following our recent capital raise we will be continuing to fast track the development of this project."

 

Further Information

 

Yarrol Gold Project: Results from RC Campaign

 

Figure 1. An overview of Mila's completed drilling at Yarrol. Holes MYARC0222 is shown south of the historic resource area, MYARC0216 and MYARC0215 are shown at the centre and north of the historic resource area.

 

Mila is pleased to announce results from three further holes of the recently completed 12-hole RC programme at Yarrol.

 

The Q1 2026 RC programme was designed to systematically extend the mineralised footprint at Yarrol in support of an initial JORC MRE, with infill and step-out holes testing the boundaries of the system in all directions. To date, mineralisation has not been closed off in any direction and the confirmed strike length at Yarrol North now exceeds 500m.

 

This batch of results covers a southern step-out hole designed to test the outer limits of the system infill holes to test mineralisation continuity in the west and to the north of the historic resource area. Even at these furthest positions, broad zones of gold mineralisation with higher-grade internal intercepts have been returned, and the system remains open to the south. Further results from the remainder of the Q1 2026 RC programme are pending and will be reported in due course.

 

 

Competent Person Statement

The information in this announcement relating to Exploration Results is based on information compiled by Alastair Goodship, who is COO of Mila Resources, and a member of The Institute of Materials, Minerals and Mining and a Fellow of the Geological Society. Dr Goodship 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

 

 

ABOUT MILA RESOURCES

Mila Resources Plc (LSE: MILA) is a post-discovery gold exploration company focused on advancing a portfolio of gold and copper interests in Queensland, Australia.  The most advanced is the Yarrol Gold Project which is moving towards an initial Mineral Resource Estimate, alongside the systematic advancement of exploration targets across its broader Queensland licence portfolio, including the Monal West porphyry corridor.

 

Appendix - Drill Results

 

Hole ID	Sample ID	Depth fr0m	Depth to	Interval	Au ppm	Au ppm_1
MYARC0215	260001	0	1	1	0.06
MYARC0215	260002	1	2	1	0.02
MYARC0215	260003	2	3	1	0.09
MYARC0215	260004	3	4	1	0.05
MYARC0215	260005	4	5	1	0.02
MYARC0215	260006	5	6	1	0.03
MYARC0215	260007	6	7	1	0.05
MYARC0215	260008	7	8	1	0.01
MYARC0215	260009	8	9	1	0.01
MYARC0215	260010	9	10	1	0.36
MYARC0215	260011	10	11	1	0.01
MYARC0215	260012	11	12	1	0.03
MYARC0215	260013	12	13	1	0.04
MYARC0215	260014	13	14	1	0.24
MYARC0215	260015	14	15	1	0.14
MYARC0215	260016	15	16	1	0.03
MYARC0215	260017	16	17	1	0.16
MYARC0215	260018	17	18	1	0.03
MYARC0215	260019	18	19	1	1.11
MYARC0215	260020	19	20	1	0.73
MYARC0215	260023	20	21	1	0.05
MYARC0215	260024	21	22	1	4.06
MYARC0215	260025	22	23	1	0.43
MYARC0215	260026	23	24	1	0.27
MYARC0215	260027	24	25	1	0.57
MYARC0215	260028	25	26	1	0.17
MYARC0215	260029	26	27	1	0.01
MYARC0215	260030	27	28	1	0.01
MYARC0215	260031	28	29	1	0.01
MYARC0215	260032	29	30	1	0.03
MYARC0215	260033	30	31	1	0.05
MYARC0215	260034	31	32	1	0.04
MYARC0215	260035	32	33	1	0.06
MYARC0215	260036	33	34	1	0.26
MYARC0215	260037	34	35	1	0.08
MYARC0215	260038	35	36	1	0.04
MYARC0215	260039	36	37	1	0.19
MYARC0215	260040	37	38	1	0.45
MYARC0215	260041	38	39	1	0.02
MYARC0215	260042	39	40	1	0.07
MYARC0215	260045	40	41	1	0.34
MYARC0215	260046	41	42	1	0.06
MYARC0215	260047	42	43	1	0.02
MYARC0215	260048	43	44	1	0.55
MYARC0215	260049	44	45	1	0.16
MYARC0215	260050	45	46	1	0.03
MYARC0215	260051	46	47	1	0.08
MYARC0215	260052	47	48	1	0.04
MYARC0215	260053	48	49	1	0.01
MYARC0215	260054	49	50	1	0.02
MYARC0215	260055	50	51	1	0.04
MYARC0215	260056	51	52	1	0.03
MYARC0215	260057	52	53	1	0.06
MYARC0215	260058	53	54	1	0.12
MYARC0215	260059	54	55	1	0.02
MYARC0215	260060	55	56	1	0.04
MYARC0215	260061	56	57	1	0.04
MYARC0215	260062	57	58	1	0.02
MYARC0215	260063	58	59	1	0.01
MYARC0215	260064	59	60	1	0.03
MYARC0215	260067	60	61	1	0.11
MYARC0215	260068	61	62	1	0.01
MYARC0215	260069	62	63	1	0.01
MYARC0215	260070	63	64	1	0.005
MYARC0215	260071	64	65	1	0.005
MYARC0215	260072	65	66	1	0.01
MYARC0215	260073	66	67	1	0.01
MYARC0215	260074	67	68	1	0.01
MYARC0215	260075	68	69	1	0.16
MYARC0215	260076	69	70	1	0.03
MYARC0215	260077	70	71	1	0.02
MYARC0215	260078	71	72	1	0.02
MYARC0215	260079	72	73	1	0.01
MYARC0215	260080	73	74	1	0.04
MYARC0215	260081	74	75	1	0.01
MYARC0215	260082	75	76	1	0.01
MYARC0215	260083	76	77	1	0.06
MYARC0215	260084	77	78	1	0.07
MYARC0215	260085	78	79	1	0.07
MYARC0215	260086	79	80	1	0.02
MYARC0215	260089	80	81	1	0.01
MYARC0215	260090	81	82	1	0.005
MYARC0215	260091	82	83	1	0.03
MYARC0215	260092	83	84	1	0.01
MYARC0215	260093	84	85	1	0.005
MYARC0215	260094	85	86	1	0.02
MYARC0215	260095	86	87	1	0.01
MYARC0215	260096	87	88	1	0.005
MYARC0215	260097	88	89	1	0.005
MYARC0215	260098	89	90	1	0.01
MYARC0216	260100	0	1	1	0.06
MYARC0216	260101	1	2	1	0.03
MYARC0216	260102	2	3	1	0.01
MYARC0216	260103	3	4	1	0.04
MYARC0216	260104	4	5	1	0.005
MYARC0216	260105	5	6	1	0.07
MYARC0216	260106	6	7	1	0.18
MYARC0216	260107	7	8	1	0.03
MYARC0216	260108	8	9	1	0.01
MYARC0216	260109	9	10	1	0.04
MYARC0216	260110	10	11	1	0.03
MYARC0216	260111	11	12	1	0.05
MYARC0216	260112	12	13	1	0.06
MYARC0216	260113	13	14	1	0.05
MYARC0216	260114	14	15	1	0.04
MYARC0216	260115	15	16	1	0.05
MYARC0216	260116	16	17	1	0.02
MYARC0216	260117	17	18	1	0.02
MYARC0216	260118	18	19	1	0.005
MYARC0216	260119	19	20	1	0.005
MYARC0216	260122	20	21	1	0.005
MYARC0216	260123	21	22	1	0.01
MYARC0216	260124	22	23	1	0.005
MYARC0216	260125	23	24	1	0.02
MYARC0216	260126	24	25	1	0.02
MYARC0216	260127	25	26	1	0.05
MYARC0216	260128	26	27	1	0.06
MYARC0216	260129	27	28	1	0.13
MYARC0216	260130	28	29	1	0.12
MYARC0216	260131	29	30	1	0.16
MYARC0216	260132	30	31	1	0.25
MYARC0216	260133	31	32	1	0.88
MYARC0216	260134	32	33	1	1.6
MYARC0216	260135	33	34	1	0.37
MYARC0216	260136	34	35	1	0.53
MYARC0216	260137	35	36	1	1.36
MYARC0216	260138	36	37	1	15.05
MYARC0216	260139	37	38	1	1.06
MYARC0216	260140	38	39	1	0.54
MYARC0216	260141	39	40	1	0.73
MYARC0216	260144	40	41	1	0.18
MYARC0216	260145	41	42	1	0.03
MYARC0216	260146	42	43	1	0.03
MYARC0216	260147	43	44	1	0.02
MYARC0216	260148	44	45	1	0.02
MYARC0216	260149	45	46	1	0.01
MYARC0216	260150	46	47	1	0.01
MYARC0216	260151	47	48	1	0.01
MYARC0216	260152	48	49	1	0.03
MYARC0216	260153	49	50	1	0.01
MYARC0216	260154	50	51	1	0.01
MYARC0216	260155	51	52	1	0.03
MYARC0216	260156	52	53	1	0.02
MYARC0216	260157	53	54	1	0.03
MYARC0216	260158	54	55	1	0.05
MYARC0216	260159	55	56	1	0.06
MYARC0216	260160	56	57	1	0.03
MYARC0216	260161	57	58	1	0.04
MYARC0216	260162	58	59	1	0.02
MYARC0216	260163	59	60	1	0.01
MYARC0216	260166	60	61	1	0.02
MYARC0216	260167	61	62	1	0.01
MYARC0216	260168	62	63	1	0.02
MYARC0216	260169	63	64	1	0.09
MYARC0216	260170	64	65	1	0.04
MYARC0216	260171	65	66	1	0.08
MYARC0216	260172	66	67	1	0.01
MYARC0216	260173	67	68	1	0.02
MYARC0216	260174	68	69	1	0.03
MYARC0216	260175	69	70	1	0.03
MYARC0216	260176	70	71	1	0.005
MYARC0216	260177	71	72	1	0.01
MYARC0216	260178	72	73	1	0.01
MYARC0216	260179	73	74	1	0.02
MYARC0216	260180	74	75	1	0.005
MYARC0216	260181	75	76	1	0.01
MYARC0216	260182	76	77	1	0.005
MYARC0216	260183	77	78	1	0.005
MYARC0216	260184	78	79	1	0.005
MYARC0216	260185	79	80	1	0.005
MYARC0216	260188	80	81	1	0.005
MYARC0216	260189	81	82	1	0.005
MYARC0216	260190	82	83	1	0.005
MYARC0216	260191	83	84	1	0.02
MYARC0216	260192	84	85	1	0.005
MYARC0216	260193	85	86	1	0.005
MYARC0216	260194	86	87	1	0.005
MYARC0216	260195	87	88	1	0.04
MYARC0216	260196	88	89	1	0.005
MYARC0216	260197	89	90	1	0.005
MYARC0216	260198	90	91	1	0.005
MYARC0216	260199	91	92	1	0.01
MYARC0216	260200	92	93	1	0.005
MYARC0216	260201	93	94	1	0.005
MYARC0216	260202	94	95	1	0.01
MYARC0216	260203	95	96	1	0.005
MYARC0216	260204	96	97	1	0.005
MYARC0216	260205	97	98	1	0.005
MYARC0216	260206	98	99	1	0.01
MYARC0216	260207	99	100	1	0.01
MYARC0222	260941	0	1	1	0.02
MYARC0222	260942	1	2	1	0.02
MYARC0222	260943	2	3	1	0.01
MYARC0222	260944	3	4	1	0.02
MYARC0222	260945	4	5	1	0.01
MYARC0222	260946	5	6	1	0.15
MYARC0222	260947	6	7	1	0.02
MYARC0222	260948	7	8	1	0.02
MYARC0222	260949	8	9	1	0.71
MYARC0222	260950	9	10	1	0.04
MYARC0222	260951	10	11	1	>100	112
MYARC0222	260952	11	12	1	5.01
MYARC0222	260953	12	13	1	0.08
MYARC0222	260954	13	14	1	0.06
MYARC0222	260955	14	15	1	0.27
MYARC0222	260956	15	16	1	0.02
MYARC0222	260957	16	17	1	0.02
MYARC0222	260958	17	18	1	0.02
MYARC0222	260959	18	19	1	0.02
MYARC0222	260960	19	20	1	0.03
MYARC0222	260963	20	21	1	0.02
MYARC0222	260964	21	22	1	0.07
MYARC0222	260965	22	23	1	0.03
MYARC0222	260966	23	24	1	0.09
MYARC0222	260967	24	25	1	0.32
MYARC0222	260968	25	26	1	0.02
MYARC0222	260969	26	27	1	0.01
MYARC0222	260970	27	28	1	0.03
MYARC0222	260971	28	29	1	0.01
MYARC0222	260972	29	30	1	0.01
MYARC0222	260973	30	31	1	0.01
MYARC0222	260974	31	32	1	0.01
MYARC0222	260975	32	33	1	0.005
MYARC0222	260976	33	34	1	0.01
MYARC0222	260977	34	35	1	0.005
MYARC0222	260978	35	36	1	0.005
MYARC0222	260979	36	37	1	0.01
MYARC0222	260980	37	38	1	0.005
MYARC0222	260981	38	39	1	0.01
MYARC0222	260982	39	40	1	0.02
MYARC0222	260985	40	41	1	0.01
MYARC0222	260986	41	42	1	0.01
MYARC0222	260987	42	43	1	0.08
MYARC0222	260988	43	44	1	0.005
MYARC0222	260989	44	45	1	0.7
MYARC0222	260990	45	46	1	0.07
MYARC0222	260991	46	47	1	0.13
MYARC0222	260992	47	48	1	0.13
MYARC0222	260993	48	49	1	0.03
MYARC0222	260994	49	50	1	0.02
MYARC0222	260995	50	51	1	0.03
MYARC0222	260996	51	52	1	0.13
MYARC0222	260997	52	53	1	0.03
MYARC0222	260998	53	54	1	0.04
MYARC0222	260999	54	55	1	0.02
MYARC0222	261000	55	56	1	0.02
MYARC0222	261001	56	57	1	0.02
MYARC0222	261002	57	58	1	0.02
MYARC0222	261003	58	59	1	0.03
MYARC0222	261004	59	60	1	0.05
MYARC0222	261007	60	61	1	0.05
MYARC0222	261008	61	62	1	0.1
MYARC0222	261009	62	63	1	0.03
MYARC0222	261010	63	64	1	0.01
MYARC0222	261011	64	65	1	0.02
MYARC0222	261012	65	66	1	0.06
MYARC0222	261013	66	67	1	0.01
MYARC0222	261014	67	68	1	0.01
MYARC0222	261015	68	69	1	0.01
MYARC0222	261016	69	70	1	0.04
MYARC0222	261017	70	71	1	0.02
MYARC0222	261018	71	72	1	0.01
MYARC0222	261019	72	73	1	0.02
MYARC0222	261020	73	74	1	0.01
MYARC0222	261021	74	75	1	0.05
MYARC0222	261022	75	76	1	0.05
MYARC0222	261023	76	77	1	0.02
MYARC0222	261024	77	78	1	0.03
MYARC0222	261025	78	79	1	0.01
MYARC0222	261026	79	80	1	0.02
MYARC0222	261029	80	81	1	0.02
MYARC0222	261030	81	82	1	0.03
MYARC0222	261031	82	83	1	0.02
MYARC0222	261032	83	84	1	0.03
MYARC0222	261033	84	85	1	0.02
MYARC0222	261034	85	86	1	0.02
MYARC0222	261035	86	87	1	0.03
MYARC0222	261036	87	88	1	0.03
MYARC0222	261037	88	89	1	0.03
MYARC0222	261038	89	90	1	0.02
MYARC0222	261039	90	91	1	0.04
MYARC0222	261040	91	92	1	0.14
MYARC0222	261041	92	93	1	0.3
MYARC0222	261042	93	94	1	0.09
MYARC0222	261043	94	95	1	0.14
MYARC0222	261044	95	96	1	0.2
MYARC0222	261045	96	97	1	0.06
MYARC0222	261046	97	98	1	0.01
MYARC0222	261047	98	99	1	0.04
MYARC0222	261048	99	100	1	0.03
MYARC0222	261051	100	101		0.05
MYARC0222	261052	101	102		0.02
MYARC0222	261053	102	103		0.01
MYARC0222	261054	103	104		0.04
MYARC0222	261055	104	105		0.03
MYARC0222	261056	105	106		0.01
MYARC0222	261057	106	107		0.18
MYARC0222	261058	107	108		0.09
MYARC0222	261059	108	109		0.02
MYARC0222	261060	109	110		0.01
MYARC0222	261061	110	111		0.02
MYARC0222	261062	111	112		0.02
MYARC0222	261063	112	113		0.02
MYARC0222	261064	113	114		0.01
MYARC0222	261065	114	115		0.02
MYARC0222	261066	115	116		0.01
MYARC0222	261067	116	117		0.01
MYARC0222	261068	117	118		0.01
MYARC0222	261069	118	119		0.01
MYARC0222	261070	119	120		0.005
MYARC0222	261073	120	121		0.005
MYARC0222	261074	121	122		0.005
MYARC0222	261075	122	123		0.05
MYARC0222	261076	123	124		0.005
MYARC0222	261077	124	125		0.02
MYARC0222	261078	125	126		0.005
MYARC0222	261079	126	127		0.01
MYARC0222	261080	127	128		0.01
MYARC0222	261081	128	129		0.01
MYARC0222	261082	129	130		0.01
MYARC0222	261083	130	131		0.01
MYARC0222	261084	131	132		0.05
MYARC0222	261085	132	133		0.01
MYARC0222	261086	133	134		0.01
MYARC0222	261087	134	135		0.01
MYARC0222	261088	135	136		0.01
MYARC0222	261089	136	137		0.01
MYARC0222	261090	137	138		0.005
MYARC0222	261091	138	139		0.01
MYARC0222	261092	139	140		0.005
MYARC0222	261095	140	141		0.01
MYARC0222	261096	141	142		0.01
MYARC0222	261097	142	143		0.01
MYARC0222	261098	143	144		0.01
MYARC0222	261099	144	145		0.02
MYARC0222	261100	145	146		0.02
MYARC0222	261101	146	147		0.01
MYARC0222	261102	147	148		0.01
MYARC0222	261103	148	149		0.01
MYARC0222	261104	149	150		0.01