REG - Mila Resources Plc - Drilling Results – Yarrol Project

Mila ResourcesAnnouncement

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RNS Number : 6189K  Mila Resources PLC  08 December 2025

Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

 

8 December 2025

Mila Resources Plc

('Mila' or the 'Company')

 

Drilling Results - Yarrol Project

 

Mila Resources Plc (LSE: MILA), the mineral exploration company looking to
accelerate the development of post-discovery assets, is pleased to provide an
update on the assay results from the first of six holes from the recent
diamond drilling ("DD") campaign at the Yarrol deposit, the flagship asset
within the Queensland Gold and Copper Portfolio. The objective of the DD
campaign was to enhance the confidence in Mila's deposit model for Yarrol and
to test for continuation of mineralised structures at depth.

 

Highlights:

·    The results from the first of six holes validates the exploration
model and reinforces our belief that gold mineralisation at Yarrol has both
scale and grade.

 

·    Significant gold intercepts returned from the first diamond drill
hole MYADD0205, including:

o  5 m @ 2.78 g/t from 183 m

▪    including 1 m @ 6.89 g/t Au

▪    and including 1m @ 6.39 g/t Au

o  2.19 m @ 1.1 g/t from 170.44 m

o  Allowing for greater dilution of lower grade material between intercepts
returns an interval of 14 m @ 1.14 g/t from 178 m

 

·    Hole MYADD0205 has now enabled the team to trace the mineralisation
envelope through multiple drill intercepts from surface to approximately 200m
depth, indicating a large, well-developed mineralised system that continues to
be open at depth.

 

·    The hole lies in an area of mineralisation outside the historic
resource where Mila's initial RC drilling in Q1 2025 returned excellent
intersections in several holes including 15m @ 1.76g/t Au from 101m in hole
MYARC0204.

·    Detailed review of the core in relation to the high-grade assay
results (>5 g/t) have enabled the team to begin evaluating the controlling
features and will assist the understanding of grade distribution, which will
ultimately lead into resource estimation work.

 

Technical Overview

The mineralisation intersected in this hole MYADD0205 is hosted in an easterly
dipping sheeted vein system and within altered diorites, matching observations
from RC drilling and confirming the continuation of mineralised structures to
depth. This achieves a key aim of diamond drilling with the first set of
results.

 

The data from the diamond drilling alongside assays from the lab are already
validating and enhancing Mila's deposit model for Yarrol, giving confidence
that a large mineralised system is present with potential to deliver a
significant resource. The new data will be applied immediately to the upcoming
and fully funded RC drilling programme in early 2026.

 

The Company now awaits additional assays pending from the next five diamond
holes drilled during the DD campaign in October 2025.

 

Mark Stephenson, Executive Chairman, commented:

"We wanted evidence to show that the system could continue to grow at depth,
and results from this first hole could not have asked for a more encouraging
start to this drilling programme. Gold mineralisation is evident precisely
where the team predicted and is being traced from surface, cross existing
holes and down to over 200 metres, clearly demonstrating vertical continuity
in the system.

 

Equally important are core observations of sheeted veins and altered diorite
correlating to the broad mineralised halo we are seeing. This points to a
large-scale hydrothermal footprint capable of supporting both high-grade
shoots and bulk tonnage potential. This first set of results, already give us
the confidence to start on the pathway to commercial study work.

 

The team's field observations and structural predictions have correlated
exceptionally well with the assay data. Confidence is high, and we are rapidly
improving our understanding of grade distribution at Yarrol. Geostatistical
analysis is still needed to understand variation in grade, but the presence of
gold and knowledge attained from the drilling, will be invaluable as we push
forward with the next phase of drilling and resource definition work."

 

 

 

Table 1. Significant intersections

 Hole ID     Width  From  To   Au g/t
 MYADD0205   5 m    183   188  2.78
 incl        1 m    183   184  6.89
 incl        1 m    187   188  6.39
 *MYADD0205  14 m   178   192  1.14

Cut off grade of 0.2 g/t Au and 2 m internal dilution applied to intercepts

* Internal dilution increased to 4 m.

 

 

See Appendix 1 for full table results

 

 

Table 2. Drill hole collar details

 Hole ID    Type  Depth  Dip  Azimuth  East MGA94  North MGA94  RL MGA
 MYADD0205  DD    249.4  -71  270      334500      7235060      291

 

 

Figure 1. Drillhole location plan with simplified geological interpretation.

 

Competent Person Statement

The information in this announcement relating to Exploration Results is based
on information compiled by Alastair Goodship, who is COO of Mila Resources. Mr
Goodship has sufficient experience relevant to the style of mineralisation and
type of deposit under consideration, and to the activity he is undertaking to
qualify as a Competent Person as defined in the 2012 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resource and
Ore Reserves".

 

**ENDS**

 

For more information visit www.milaresources.com or contact:

 

 Mark Stephenson                   info@milaresources.com 

 Mila Resources Plc 

  
 Jonathan Evans                    +44 (0) 20 7100 5100 

 Tavira Financial Limited 

  
 Nick Emerson                      +44 (0) 20 3143 0600 

 SI Capital  

  
 Damon Heath                       +44  (0) 20 3971 7000

 Shard Capital Partners LLP
 Susie Geliher / Will Turner       +44 (0) 20 7236 1177 

 St Brides Partners Limited 

 

  Appendix A : Complete assay intervals of mineralised zones with
Significant Intersection Calculations and high-grade assays highlighted.

 

 Hole ID    Sample ID  From (m)  To (m)  Interval  Au g/t  Width  @  Grade
 MYADD0205  B295000    6         6.8     0.8       0.01
 MYADD0205  B295001    6.8       8.1     1.3       0.06
 MYADD0205  B295002    8.1       9.1     1         0.02
 MYADD0205  B295003    9.1       9.7     0.6       0.01
 MYADD0205  B295004    31        32      1         0.01
 MYADD0205  B295005    32        33      1         0.03
 MYADD0205  B295006    33        34      1         0.01
 MYADD0205  B295007    34        35      1         0.03
 MYADD0205  B295008    35        36      1         0.02
 MYADD0205  B295009    36        37      1         0.01
 MYADD0205  B295010    37        38      1         0.02
 MYADD0205  B295011    38        39      1         0.01
 MYADD0205  B295012    39        40      1         0.005
 MYADD0205  B295013    40        41      1         0.02
 MYADD0205  B295014    41        42      1         0.06
 MYADD0205  B295015    42        43      1         0.03
 MYADD0205  B295016    43        44      1         0.01
 MYADD0205  B295017    44        45      1         0.01
 MYADD0205  B295018    45        46.3    1.3       0.005
 MYADD0205  B295019    46.3      47      0.7       0.03
 MYADD0205  B295022    47        48      1         0.005
 MYADD0205  B295023    48        49      1         0.005
 MYADD0205  B295024    49        50      1         0.005
 MYADD0205  B295025    50        51      1         0.02
 MYADD0205  B295026    51        52      1         0.08
 MYADD0205  B295027    52        53      1         0.01
 MYADD0205  B295028    53        54      1         0.01
 MYADD0205  B295029    54        55      1         0.01
 MYADD0205  B295030    55        56      1         0.005
 MYADD0205  B295031    56        57      1         0.01
 MYADD0205  B295032    57        58      1         0.01
 MYADD0205  B295033    58        58.32   0.32      0.03
 MYADD0205  B295034    58.32     59      0.68      0.01
 MYADD0205  B295035    59        60      1         0.005
 MYADD0205  B295036    60        61      1         0.01
 MYADD0205  B295037    61        62      1         0.005
 MYADD0205  B295038    62        63      1         0.02
 MYADD0205  B295039    63        64      1         0.01
 MYADD0205  B295040    64        65      1         0.01
 MYADD0205  B295041    65        66      1         0.005
 MYADD0205  B295042    66        67.16   1.16      0.005
 MYADD0205  B295043    67.16     68      0.84      0.01
 MYADD0205  B295045    68        69      1         0.01
 MYADD0205  B295048    69        70      1         0.005
 MYADD0205  B295049    70        71      1         0.03
 MYADD0205  B295050    71        72      1         0.01
 MYADD0205  B295051    72        73      1         0.02
 MYADD0205  B295052    73        74      1         0.03
 MYADD0205  B295053    74        75      1         0.005
 MYADD0205  B295054    75        76      1         0.02
 MYADD0205  B295055    76        77      1         0.01
 MYADD0205  B295056    77        78      1         0.01
 MYADD0205  B295057    78        79.28   1.28      0.01
 MYADD0205  B295058    79.28     80      0.72      0.005
 MYADD0205  B295059    80        81      1         0.005
 MYADD0205  B295062    81        81.77   0.77      0.005
 MYADD0205  B295063    81.77     83      1.23      0.005
 MYADD0205  B295064    83        84      1         0.01
 MYADD0205  B295065    84        85      1         0.01
 MYADD0205  B295066    85        86      1         0.01
 MYADD0205  B295067    86        87      1         0.03
 MYADD0205  B295068    87        88      1         0.04
 MYADD0205  B295069    88        89      1         0.005
 MYADD0205  B295070    89        90      1         0.01
 MYADD0205  B295071    90        91      1         0.005
 MYADD0205  B295072    91        91.82   0.82      0.005
 MYADD0205  B295073    91.82     93      1.18      0.01
 MYADD0205  B295074    93        94      1         0.01
 MYADD0205  B295075    94        95      1         0.005
 MYADD0205  B295076    95        96      1         0.005
 MYADD0205  B295077    96        97      1         0.07
 MYADD0205  B295078    97        98      1         0.27
 MYADD0205  B295079    98        99      1         0.02
 MYADD0205  B295082    99        100     1         0.01
 MYADD0205  B295083    100       101     1         0.01
 MYADD0205  B295084    101       102     1         0.02
 MYADD0205  B295085    102       103     1         0.01
 MYADD0205  B295086    103       104     1         0.01
 MYADD0205  B295087    104       105     1         0.05
 MYADD0205  B295088    105       106     1         0.14
 MYADD0205  B295089    106       107     1         0.11
 MYADD0205  B295090    107       108     1         0.04
 MYADD0205  B295091    108       109     1         0.63
 MYADD0205  B295092    109       110     1         0.04
 MYADD0205  B295093    110       111     1         0.07
 MYADD0205  B295094    111       112     1         0.06
 MYADD0205  B295095    112       113     1         0.33
 MYADD0205  B295096    113       114     1         0.04
 MYADD0205  B295097    114       115     1         0.03
 MYADD0205  B295098    115       116     1         0.03
 MYADD0205  B295099    116       117     1         0.02
 MYADD0205  B295102    117       118     1         0.01
 MYADD0205  B295103    118       119     1         0.03
 MYADD0205  B295104    119       120     1         0.01
 MYADD0205  B295105    120       121     1         0.01
 MYADD0205  B295106    121       122     1         0.02
 MYADD0205  B295107    122       123     1         0.01
 MYADD0205  B295108    123       124     1         0.01
 MYADD0205  B295109    124       125     1         0.01
 MYADD0205  B295110    125       126     1         0.02
 MYADD0205  B295111    126       127     1         0.32
 MYADD0205  B295112    127       128     1         0.02
 MYADD0205  B295113    128       128.5   0.5       0.02
 MYADD0205  B295114    128.5     129     0.5       0.06
 MYADD0205  B295115    129       130     1         0.06
 MYADD0205  B295116    130       131     1         0.6
 MYADD0205  B295117    131       132     1         0.5
 MYADD0205  B295118    132       133     1         0.78
 MYADD0205  B295119    133       133.5   0.5       0.32    3.5    @  0.55
 MYADD0205  B295122    133.5     134     0.5       0.08
 MYADD0205  B295123    134       135     1         0.04
 MYADD0205  B295124    135       136     1         0.01
 MYADD0205  B295125    136       137     1         0.03
 MYADD0205  B295126    137       138     1         0.37
 MYADD0205  B295127    138       139     1         0.08
 MYADD0205  B295128    139       140     1         0.02
 MYADD0205  B295129    140       141     1         0.01
 MYADD0205  B295130    141       142     1         0.05
 MYADD0205  B295131    142       143     1         0.01
 MYADD0205  B295132    143       144     1         0.01
 MYADD0205  B295133    144       145     1         0.03
 MYADD0205  B295134    145       146     1         0.58
 MYADD0205  B295135    146       147     1         0.01
 MYADD0205  B295136    147       148     1         0.02
 MYADD0205  B295137    148       149     1         0.04
 MYADD0205  B295138    149       150     1         0.03
 MYADD0205  B295139    150       151     1         0.06
 MYADD0205  B295142    151       152     1         0.44
 MYADD0205  B295143    152       153     1         0.08
 MYADD0205  B295144    153       154     1         0.01
 MYADD0205  B295145    154       155     1         0.04
 MYADD0205  B295146    155       156     1         0.09
 MYADD0205  B295147    156       157     1         0.13
 MYADD0205  B295148    157       158     1         0.05
 MYADD0205  B295149    158       159     1         0.05
 MYADD0205  B295150    159       160     1         0.03
 MYADD0205  B295151    160       161     1         0.02
 MYADD0205  B295152    161       162     1         0.02
 MYADD0205  B295153    162       163     1         0.03
 MYADD0205  B295154    163       164     1         0.01
 MYADD0205  B295155    164       165     1         0.02
 MYADD0205  B295156    165       166     1         0.02
 MYADD0205  B295157    166       167     1         0.05
 MYADD0205  B295158    167       168     1         0.02
 MYADD0205  B295159    168       169     1         0.08
 MYADD0205  B295162    169       170     1         0.03
 MYADD0205  B295163    170       170.44  0.44      0.09
 MYADD0205  B295164    170.44    171     0.56      0.52
 MYADD0205  B295165    171       172     1         2.22
 MYADD0205  B295166    172       172.63  0.63      0.58    2.78   @  1.11
 MYADD0205  B295168    172.63    173     0.37      0.11
 MYADD0205  B295169    173       174     1         0.1
 MYADD0205  B295170    174       175     1         0.03
 MYADD0205  B295171    175       176     1         0.01
 MYADD0205  B295172    176       177     1         0.01
 MYADD0205  B295173    177       178     1         0.01
 MYADD0205  B295174    178       179     1         1.37
 MYADD0205  B295175    179       180     1         0.04
 MYADD0205  B295176    180       181     1         0.05
 MYADD0205  B295177    181       182     1         0.06
 MYADD0205  B295178    182       183     1         0.01
 MYADD0205  B295179    183       184     1         6.89
 MYADD0205  B295182    184       185     1         0.19
 MYADD0205  B295183    185       186     1         0.34
 MYADD0205  B295184    186       187     1         0.06
 MYADD0205  B295185    187       188     1         6.39    5      @  2.78
 MYADD0205  B295186    188       189     1         0.04
 MYADD0205  B295187    189       190     1         0.05
 MYADD0205  B295188    190       191     1         0.24
 MYADD0205  B295189    191       192     1         0.21
 MYADD0205  B295190    192       193     1         0.02
 MYADD0205  B295191    193       194     1         0.09
 MYADD0205  B295192    194       195     1         0.09
 MYADD0205  B295193    195       196     1         0.05
 MYADD0205  B295194    196       197     1         0.43    14     @  1.1
 MYADD0205  B295195    197       198     1         0.05
 MYADD0205  B295196    198       199     1         0.04
 MYADD0205  B295197    199       200     1         0.03
 MYADD0205  B295198    200       200.96  0.96      0.01
 MYADD0205  B295199    200.96    202     1.04      0.11
 MYADD0205  B295202    202       203     1         0.01
 MYADD0205  B295203    203       204     1         0.01
 MYADD0205  B295204    204       205     1         0.11
 MYADD0205  B295205    205       206     1         0.03
 MYADD0205  B295206    206       207     1         0.29
 MYADD0205  B295207    207       208     1         0.04
 MYADD0205  B295208    208       209     1         0.02
 MYADD0205  B295209    209       210     1         0.03
 MYADD0205  B295210    210       210.4   0.4       0.05
 MYADD0205  B295211    210.4     211     0.6       0.02
 MYADD0205  B295212    211       212     1         0.02
 MYADD0205  B295213    212       213     1         0.08
 MYADD0205  B295214    213       214     1         0.02
 MYADD0205  B295215    214       215     1         0.02
 MYADD0205  B295216    215       216     1         0.04
 MYADD0205  B295217    216       217     1         0.02
 MYADD0205  B295218    217       218     1         1.16
 MYADD0205  B295219    218       219     1         0.01
 MYADD0205  B295222    219       220     1         0.03
 MYADD0205  B295223    220       221     1         0.01
 MYADD0205  B295224    221       222     1         0.48
 MYADD0205  B295225    222       223     1         0.01
 MYADD0205  B295226    223       224     1         0.04
 MYADD0205  B295227    224       225     1         0.02
 MYADD0205  B295228    225       226     1         0.6
 MYADD0205  B295229    226       227     1         0.05
 MYADD0205  B295230    227       228     1         0.52
 MYADD0205  B295231    228       229     1         0.03
 MYADD0205  B295232    229       229.8   0.8       0.03
 MYADD0205  B295233    229.8     231     1.2       1.16
 MYADD0205  B295234    231       232     1         0.38
 MYADD0205  B295236    232       233     1         0.34
 MYADD0205  B295237    233       234     1         0.27    4      @  0.54
 MYADD0205  B295238    234       235     1         0.07
 MYADD0205  B295239    235       236     1         0.03
 MYADD0205  B295242    236       237     1         0.03
 MYADD0205  B295243    237       238     1         0.41
 MYADD0205  B295244    238       239     1         0.02
 MYADD0205  B295245    239       240     1         0.06
 MYADD0205  B295246    240       241     1         0.03
 MYADD0205  B295247    241       242     1         0.08
 MYADD0205  B295248    242       243     1         0.11
 MYADD0205  B295249    243       244     1         0.02
 MYADD0205  B295250    244       245     1         0.01
 MYADD0205  B295251    245       246     1         0.06
 MYADD0205  B295252    246       247     1         0.02
 MYADD0205  B295253    247       248     1         0.02
 MYADD0205  B295254    248       249     1         0.04
 MYADD0206  B295255    249       249.4   0.4       0.09

 

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