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Mila Resources ( (GB:MILA) ) has issued an announcement.
Mila Resources Plc has announced advancements in its Phase 2 drilling preparations at the Yarrol Gold Project, following a successful capital raise in May 2025. The company has completed a ground magnetic geophysical survey, which has identified new targets for gold mineralization, and a comprehensive review of historical data by RSC Mining and Mineral Exploration has optimized exploration planning. With land access agreements secured and drilling scheduled to commence soon, the company aims to build a maiden Mineral Resource Estimate, enhancing its position as a promising gold development opportunity.
Spark’s Take on GB:MILA Stock
According to Spark, TipRanks’ AI Analyst, GB:MILA is a Neutral.
Mila Resources faces significant financial challenges with ongoing losses and cash burn. However, recent strategic initiatives in drilling and exploration at their Yarrol Gold Project present potential upside. Technical indicators suggest positive short-term momentum, but valuation remains a concern with negative earnings and no dividend.
To see Spark’s full report on GB:MILA stock, click here.
More about Mila Resources
Mila Resources Plc operates in the natural resources sector, focusing on gold exploration. The company is a post-discovery gold exploration accelerator, primarily engaged in advancing its flagship Yarrol Gold Project in Queensland, Australia.
Average Trading Volume: 16,622,772
Technical Sentiment Signal: Buy
Current Market Cap: £5.39M
For detailed information about MILA stock, go to TipRanks’ Stock Analysis page.