REG - Mila Resources Plc - Yarrol: a Continuous and Scalable Gold System

Mila ResourcesAnnouncement

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RNS Number : 9464Y  Mila Resources PLC  01 April 2026

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

 

1 April 2026

Mila Resources Plc

('Mila' or the 'Company')

 

Drilling Results Confirm Yarrol as a Continuous and Scalable Gold System

 

Mila Resources Plc (LSE: MILA), the post-discovery gold exploration
accelerator, is pleased to report the final assay results from its Diamond
Drilling ('DD') programme in Q4 2025 at the Yarrol Gold Project, Queensland
('Yarrol' or the 'Project').  These results include targeted follow-up
sampling and multi-element assays, which have materially enhanced the
Company's understanding of the mineralised system.

 

The Company has also now completed its Q1 2026 reverse circulation ('RC')
drilling programme focused on infill, strike extension and early-stage volume
definition on order to advance towards resource delineation.  This latest
1,600m drill programme brings the Company's total drilling to 4,921m across
its Queensland portfolio since acquiring the projects.

 

Overview

 

·      Multiple drillholes intersected broad mineralised zones with
internal high-grade shoots

·      Best continuous intercepts including:

o  14 m @ 1.10 g/t gold ('Au') from 183 m in MYADD0205

§ Including 1.0 m @ 7.51 g/t Au from 183 and 1 m @ 6.4 g/t from 187 m.
(MYADD0205)

o  5.0 m @ 1.4 g/t Au from 143 m in MYADD0206

§ Including 1.0 m @ 6.83 g/t Au from 143 m

o  3.0 m @ 3.4 g/t Au from 51.0 m in MYADD0208

§ Including 0.45 m @ 10.05 g/t Au from 52.25 m

o  5.0 m @ 1.07 g/t Au from 195.0 m in MYADD0209

§ Including 1 m @ 5.05 g/t from 195 m.

·      Multiple stacked mineralised intervals identified in MYADD0205 and
MYADD0206

·      Pathfinder geochemistry, arsenic and tellurium ('As' and 'Te')
defines a coherent mineralised system and provides clear vectors to high-grade
zones

·      Mineralisation confirmed across all holes, confirming a laterally
and vertically continuous mineralised system, with broad envelopes hosting
discrete higher-grade shoots.

·      Interpretation of cross-sections demonstrates that mineralisation
can now be traced from surface through to depth, providing confidence in the
overall geometry and continuity of the system.

·      This work represents a clear progression from initial discovery to
a defined and coherent gold system, with continuity, geometry and vectors to
higher-grade mineralisation now well established.

·      This continuity enables the Company to systematically extend
mineralisation along strike whilst building coherent volume, which will be
progressively refined with the objective of defining a Mineral Resource
Estimate.

 

Next Steps

·      Target higher-grade shoots along strike and at depth

·      Prioritise zones with coincident Au-Te-As signatures

·      Advance drilling to define geometry, continuity and scale of
mineralisation

·    Continue building dataset towards resource definition

 

Mark Stephenson, Executive Chairman, Commented:

"The Q4 2025 diamond drilling results at Yarrol demonstrate a continuous and
growing gold system, with broad mineralised zones and discrete higher-grade
shoots confirming the robustness of our geological model.

 

"Integration of multi-element geochemistry is giving us clear vectors to the
high-grade cores, while continuity from surface to depth allows us to define a
coherent volume of mineralisation for resource planning.

 

"The Q1 2026 RC campaign is now complete, and we await results that we believe
will expand the footprint of the system, highlighting that Yarrol remains very
much open to growth.

 

"Yarrol is a connected, evolving system and these results provide a solid
platform for the next phase of drilling.  Work at Mt Steadman and Monal also
continues in parallel as we look to develop a portfolio of high value
development assets in Queensland."

Further Information on the Q4 2025 Diamond Drilling Results

The Company's understanding of the mineralised system has been significantly
enhanced by the follow-up sampling after the initial results, together with
multi-element assay analysis. A coherent geochemical signature has been
identified across multiple drillholes, with gold mineralisation closely
associated with arsenic and tellurium.

In addition to several high-grade gold intercepts exceeding 5 g/t Au, the data
defines a broader halo of pathfinder elements extending beyond previously
interpreted mineralisation. Numerous intervals with modest gold grades exhibit
elevated pathfinder geochemistry, indicating proximity to higher-grade zones
and supporting the interpretation of a larger, more continuous and
well-developed mineralised system.

These patterns are consistent with structurally controlled,
sulphide-associated gold mineralisation, where higher-grade shoots are
developed within wider mineralised envelopes. The presence of arsenic and
tellurium with the highest-grade gold provides a clear and reliable vector
towards the higher-grade core of the system and will be used to guide future
drilling.

 

The drilling programme has successfully delivered on its objectives,
confirming both the continuity and scale of the mineralised system while
identifying discrete higher-grade shoots. Importantly, gold mineralisation was
intersected in all holes, demonstrating a robust and continuous system. While
higher-grade intercepts validate the presence of well-developed shoots,
broader and lower-grade intervals define the extent of the mineralised
envelope and provide important constraints on the geometry and controls of
mineralisation.

 

Geological Interpretation

The drilling defines a coherent mineralised system with clear internal
zonation:

Collectively, the results demonstrate a well-developed mineralised system with
clear internal zonation, where higher-grade shoots are hosted within broader
mineralised envelopes, and where both high-grade and lower-grade intersections
contribute to defining the geometry and continuity of the system.

 

·      MYADD0205 and MYADD0206 intersect broad, consistently mineralised
zones and are interpreted to lie close to the core of the system, with
multiple stacked intervals and higher-grade shoots.

·      MYADD0208 and MYADD0209 intersect narrower but higher-grade
mineralisation, interpreted as discrete shoots along strike and at depth.

·      MYADD0207 and MYADD0210 return lower-grade mineralisation and are
interpreted to lie on the margins of the system.

 

Additional Mineralised Intervals

Drilling has identified multiple mineralised zones within individual holes,
particularly in MYADD0205 and MYADD0206, where broad mineralised bands host
higher-grade internal zones. Note, zones in table do not allow internal
dilution in intercepts

 

 

Significant Drill Intercepts (Au ≥0.30 g/t, no internal dilution).

 

 Hole ID    From (m)  To (m)  Interval (m)  Au (g/t)  Including
 MYADD0205  130.0     133.5   3.5           0.70      -
 MYADD0205  170.4     172.6   2.2           1.31      incl. 1.0 m @ 1.31 g/t
 MYADD0205  183.0     188.0   5.0           2.90      incl. 1.0 m @ 7.51 g/t and 1.0 m @ 6.39 g/t
 MYADD0205  229.8     234.0   4.2           0.65      -
 MYADD0206  30.0      37.0    7.0           0.87      incl. 2.0 m @ 1.89 g/t
 MYADD0206  121.0     123.0   2.0           1.08      incl. 1.0 m @ 1.08 g/t
 MYADD0206  130.0     136.0   6.0           0.73      incl. 1.0 m @ 1.42 g/t
 MYADD0207  249.9     253.0   3.1           0.48      incl. 1.0 m @ 0.84 g/t
 MYADD0207  264.2     265.0   0.8           1.33      -
 MYADD0208  52.3      52.7    0.45          10.05     -
 MYADD0209  129.0     130.0   1.0           1.66      -
 MYADD0209  195.0     196.0   1.0           5.05      -
 MYADD0210  177.0     180.0   3.0           0.31      -

 

Completion of Q1 2026 RC Campaign

 

Following recent heavy rains in the region that delayed completion, the team
is pleased to report the completion of a successful campaign building on the
results of the DD programme. This programme targeted a combination of infill,
strike extensions, and satellite prospects from surface to approximately 200
metres depth and is designed to advance towards resource definition.

 

As Yarrol advances from discovery into resource definition, results will be
released in context, enabling the market to recognise the scale of the
opportunity as it is progressively defined.

 

Figure 1. Cross section of drill results from MYADD0205 alongside Mila 2025 RC and historic RC. Image previously presented in RNS

released on 08/12/2025

 Figure 2. Section of hole MYADD0206 and historic RC drilling in Yarrol North prospect.

 

Figure 3. An overview of Mila's completed drilling at Yarrol.

 

Competent Person Statement

The information in this announcement relating to Exploration Results is based
on information compiled by Neil Hutchison, who is Technical Director of Mila
Resources, and a member of The Australasian Institute of Geoscientists. Mr
Hutchison 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 / Charlotte Page       +44 (0) 20 7236 1177 

 St Brides Partners Limited 

 

 

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