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Mila Resources PLC said on Thursday it has completed diamond drilling at the Yarrol project in Queensland, Australia. The London-based post-discovery gold exploration firm said samples are currently being prepared for dispatch to the laboratory for gold and multi-element analysis. Mila Resources said all activities remain on schedule and within the budget allocated for phase two exploration at Yarrol. The laboratory results will be incorporated into an updated geological model and used to design the forthcoming reverse circulation drilling campaign, which Mila Resources expects to commence before the end of 2025. Chair Mark Stephenson said: ‘The completion of this diamond drilling campaign marks a significant step forward for Mila at Yarrol. The programme has given us crucial structural data that sharpens our understanding of the mineralisation controls and positions us to target higher-grade zones with greater precision in the next round of drilling. ‘With assays now pending, we look forward to sharing results with our investors and stakeholders in the forthcoming weeks and to advancing swiftly into the RC campaign later this year, which is fully funded from our capital raise earlier this year.’ Shares in Mila Resources closed down 6.5% on Thursday afternoon in London at 1.45 pence. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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