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The latest announcement is out from Mila Resources ( (GB:MILA) ).
Mila Resources has advanced drilling at its Yarrol Gold Project in Queensland, with diamond drilling confirming the gold-bearing system extends to about 300 metres depth and reverse circulation drilling now halfway through a 1,600-metre programme. The work is aimed at expanding the known mineralised footprint, improving geological understanding and supporting future resource definition, while managing costs despite weather-related interruptions.
Alongside Yarrol, the company is progressing early-stage exploration at the Monal Project, where historical drilling and recent fieldwork point to potential Cannindah-style copper-gold porphyry systems that will be refined through geophysical surveys. Mila is also continuing work at Mt Steadman, which it sees as part of a broader mineralised corridor with Yarrol, underscoring a strategy to rapidly build critical mass across its Queensland portfolio and potentially enhance its regional growth prospects.
The most recent analyst rating on (GB:MILA) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Mila Resources stock, see the GB:MILA Stock Forecast page.
Spark’s Take on MILA Stock
According to Spark, TipRanks’ AI Analyst, MILA is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow) and bearish technicals (below key moving averages with negative MACD). A low-debt balance sheet and equity base provide some stability, but valuation support is limited given the negative P/E and no dividend yield.
To see Spark’s full report on MILA stock, click here.
More about Mila Resources
Mila Resources Plc is a London-listed natural resources company focused on post-discovery gold exploration in Queensland, Australia. Its primary assets include the Yarrol Gold Project, alongside regional gold and copper-gold exploration targets at Monal and Mt Steadman, where it aims to build a multi-target, district-scale mineralised portfolio.
Average Trading Volume: 9,542,363
Technical Sentiment Signal: Sell
Current Market Cap: £7.11M
Find detailed analytics on MILA stock on TipRanks’ Stock Analysis page.