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Mila Resources
(LSE:MILA)
Mila Resources (MILA) vs. S&P 500 (SPY)
Mila Resources Business Overview & Revenue Model
Mila Resources Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -686.30K | -549.49K | -1.01M | -421.44K | -220.22K | EBITDA |
| -686.28K | -549.49K | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -686.28K | -549.49K | -1.01M | -343.33K | -218.52K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.42M | 448.06K | 329.63K | 186.32K | 428.67K | Total Assets |
| 7.21M | 6.19M | 353.81K | 295.87K | 446.31K | Total Debt |
| 0.00 | 0.00 | 348.69K | 348.69K | 0.00 | Net Debt |
| -1.42M | -448.06K | 19.06K | 162.38K | -428.67K | Total Liabilities |
| 259.28K | 312.94K | 527.00K | 86.67K | 17.75K | Stockholders Equity |
| 6.95M | 5.88M | -173.19K | 209.20K | 428.57K |
| Cash Flow | Free Cash Flow | |||
| -792.00K | -1.47M | -1.69M | -157.36K | -272.88K | Operating Cash Flow |
| -775.43K | -560.20K | -284.09K | -157.36K | -272.88K | Investing Cash Flow |
| -16.56K | -907.25K | 87.40K | -85.00K | -85.00K | Financing Cash Flow |
| 1.76M | 819.42K | 340.00K | 340.00K | 0.00 |
Mila Resources Technical Analysis
Mila Resources Peers Comparison
Mila Resources Corporate Events
Mila Resources Plc has announced progress in its drilling campaign at the Yarrol Gold Project in Queensland, Australia. The company has completed three drill holes in the southern area of the license, targeting potential mineralized extensions beyond the historic resource envelope. The drilling program aims to test extensions to depth and along strike using Reverse Circulation drilling for cost-efficient operations. The rig has moved north to explore additional holes below known mineralization and into previously untested zones. Samples from the initial holes have been sent to an independent laboratory for analysis, with results expected soon. This campaign is part of a systematic approach to evaluate the broader mineralization potential in the Yarrol district, which could support commercial tonnage.
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, technical indicators suggest positive short-term momentum, and recent strategic initiatives may improve future prospects. Valuation remains a concern with negative earnings and no dividend.
To see Spark’s full report on GB:MILA stock, click here.
Mila Resources Plc has announced the commencement of a drilling program at its Yarrol Gold Project in Southeast Queensland, following the acquisition of all necessary permits. The company plans to drill approximately 2,000 meters focusing on a 2km stretch of the Yarrol Fault, with the aim of expanding existing gold mineralization and refining geological models to enhance exploration efficiency. The drilling is set to begin in early April, with assay results expected by mid-Q2 2025. This initiative is expected to significantly impact the company’s operations by potentially increasing the known gold resource and improving exploration strategies, thus positioning Mila Resources more favorably in the natural resources sector.
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.
Mila Resources Plc has launched a new corporate website and published an investor presentation detailing its exploration activities in Queensland. The company is finalizing a fully funded drilling campaign at its Yarrol Project, targeting the expansion of a historic resource and exploring a significant geological fault, which could enhance its market position and stakeholder value.
Mila Resources Plc has completed geophysics studies at its Yarrol Project, providing insights into key mineralised features along a section of the Yarrol Fault. The company is designing a fully funded drilling campaign to test priority areas and expand known mineralisation, with operations expected to start in Q2 2025. This strategic initiative aims to enhance the gold resource potential of the Yarrol Project, leveraging new geological insights to potentially unlock significant resource growth.