Mila Resources ( (GB:MILA) ) has shared an announcement.
Mila Resources Plc has announced its interim results for the six-month period ending December 31, 2024. The company has secured an option to purchase three promising gold and copper projects in Queensland, Australia, and is fully funded for exploration activities. With a cash position of £951,845, Mila plans to commence a drilling campaign in Q2 at the Yarrol project, which shows significant potential along the Yarrol Fault. Despite a loss of £360,727 for the period, the company is optimistic about its targeted development strategy and the potential for growth in its multi-commodity portfolio.
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 identifying and advancing mining projects with significant geological potential. Mila’s market focus includes projects in proven mining regions, such as Queensland and Western Australia, with interests in both gold and copper projects.
YTD Price Performance: -45.71%
Average Trading Volume: 7,077,982
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.03M
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