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The latest announcement is out from Mila Resources ( (GB:MILA) ).
Mila Resources Plc announced that Liontown Resources Limited has decided not to exercise its option to acquire a 50% interest in the lithium rights at the Kathleen Valley project. Despite this setback, Mila plans to continue evaluating the information collected by Liontown and is focusing on further exploration activities, including geophysical surveys and drilling programs at its Yarrol property to upgrade resources to JORC compliance, as well as desktop reviews for other properties. The company remains optimistic about its multi-asset portfolio and expects further developments in the near future.
More about Mila Resources
Mila Resources Plc operates in the natural resources sector as a post-discovery exploration accelerator. The company focuses on evaluating and advancing exploration projects, primarily dealing with lithium, tantalum, and gold resources in various properties, including the Kathleen Valley and Yarrol properties.
YTD Price Performance: -7.14%
Average Trading Volume: 6,252,462
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.76M
Find detailed analytics on MILA stock on TipRanks’ Stock Analysis page.