Mila Resources Plc
1.03
GBX
-0.05
(-4.65%)
Mila Resources Plc
LSE:MILA
(London Stock Exchange)
Recent
price
1.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Mila Resources Plc is a United Kingdom-based mineral exploration company focused on the acquisition, exploration, and development of high-potential gold, copper, lithium, and base metal projects primarily in Australia. The company’s core products and services include exploration and resource development targeting gold deposits along with lithium and copper resources. Key assets include the Yarrol gold project in Queensland, Australia, and the Kathleen Valley gold and lithium project in Western Australia. Founded in 2015 and headquartered in London, Mila Resources leverages existing geological data and infrastructure to advance stranded mineral assets toward production-stage studies. Recent major changes include the acquisition and advancement of the Yarrol Gold Project with successful phased drilling programs in 2024-2025, delivering promising gold assay results such as 11m at 2.91g/t and 17m at 5.46g/t from drilling in Queensland. The company exercised an option to secure 100% ownership of Yarrol and surrounding licences, transitioning to an in-house geological team led by the appointment of Alastair Goodship as Chief Operating Officer to accelerate exploration and development. Additionally, Mila raised £776,000 in mid-2025 to fund ongoing exploration and maintain project licences. The Kathleen Valley project has attracted strong inbound interest following the termination of a previous joint venture option, reflecting a strategic focus on developing both gold and lithium assets in established mining regions. Mila pursues collaborative engagement with traditional landowners and aims to rapidly advance exploration outcomes to create value by unlocking the potential of these mineral portfolios in Australia.
Company News
Mila Resources (LON:MILA) Shares Up 11.1% – Should You Buy?
Mila Resources (LON:MILA) Shares Up 13% – Here’s Why
Mila Resources (LON:MILA) Stock Price Up 16% – Here’s What Happened