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Mila Resources ( (GB:MILA) ) has issued an announcement.
Mila Resources Plc has successfully completed a 1,451.1-meter diamond drilling program at its Yarrol Project in Queensland, aimed at extending the known gold mineralization and understanding structural controls. The data collected will guide future resource modeling and inform an upcoming Reverse Circulation drilling campaign scheduled for Q4 2025. This marks a significant advancement in Mila’s exploration efforts, with activities remaining on schedule and within budget, potentially enhancing the company’s resource estimates and positioning in the gold exploration sector.
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 is a post-discovery exploration and development company focused on its portfolio of gold and critical minerals projects in Australia.
Average Trading Volume: 14,615,544
Technical Sentiment Signal: Hold
Current Market Cap: £8M
See more insights into MILA stock on TipRanks’ Stock Analysis page.