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Mila Resources ( (GB:MILA) ) has issued an update.
Mila Resources reported an intensive half-year of exploration activity to 31 December 2025, highlighted by securing 100% ownership of the Yarrol, Mount Steadman and Monal licences and ramping up work across its Queensland Gold and Copper Portfolio. At Yarrol, a 1,451m diamond drilling campaign confirmed continuity of gold-bearing structures beyond the historic resource shell and indicated that the most attractive near-term upside lies in shallow targets along strike, prompting a 1,600m reverse circulation programme focused on stepping out from the existing resource area.
The company is also advancing regional gold and copper targets at Mount Steadman and Monal, aiming to build on historic, non-JORC resources and explore porphyry-style mineralisation analogous to nearby discoveries, while an expanded technical team, including the promotion of Alastair Goodship to COO, underpins the operational push. Financially, Mila posted a £239,046 interim loss as it capitalised about £406,000 of exploration expenditure, bolstered its balance sheet with £1.05m of new equity and warrant exercises, and ended the period with £636,903 in cash, supporting continued drilling and portfolio development.
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 GB:MILA Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:MILA stock, click here.
More about Mila Resources
Mila Resources is a London-listed natural resources company focused on gold and copper exploration in Queensland, Australia. Its portfolio comprises the Yarrol, Mount Steadman and Monal licences within the South-Eastern Goldfield, where it positions itself as a post-discovery gold exploration accelerator targeting projects with potential for scale.
Average Trading Volume: 11,277,443
Technical Sentiment Signal: Sell
Current Market Cap: £7.11M
For a thorough assessment of MILA stock, go to TipRanks’ Stock Analysis page.