Mila Resources Plc (LSE:MILA) has completed a 1,451.1-meter diamond drilling program at its Yarrol Project in Queensland, marking a key step forward in its gold exploration strategy. The campaign was designed to extend the known gold mineralization and better understand the project’s structural controls. The results will feed into future resource modeling and support a planned Reverse Circulation drilling program set for Q4 2025.
This milestone keeps exploration activities on track and within budget, positioning Mila to potentially upgrade its resource estimates and strengthen its standing in the gold exploration sector.
While the company continues to face financial headwinds, including losses and cash burn, the ongoing exploration progress at Yarrol provides a meaningful opportunity for value creation. Technical indicators signal short-term positive momentum, though valuation remains pressured by negative earnings and the absence of dividend payouts.
About Mila Resources
Mila Resources is a post-discovery exploration and development company with a focus on gold and critical mineral assets in Australia. Its strategy centers on advancing its project portfolio through targeted drilling programs and disciplined exploration initiatives.
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