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Mila Resources PLC - London-based post-discovery gold exploration firm - Reports 2025 financials. Pretax loss widens to £800,435 from £686,277 a year ago. At 30 June, cash and cash equivalents are £350,301 compared to £1.42 million a year ago. Net asset position is £6.41 million. Received further £776,000 from the placing in July. On Monday, Mila announced it had exercised options with EMX Royalty Corp to acquire 100% interest in exploration licences at the Yarrol, Mount Steadman and Mount Weary projects. Says as a result of the first phase drilling results at Yarrol, it has raised further capital to fast-track exploration. Highlights the ‘notable return of interest in the capital markets for gold and copper explorers’ as prices rise. Says immediate focus is to grow its understanding of the geological model at Yarrol and build its mineral resource inventory. ‘We are acutely aware that we must continue to deliver further strong exploration results and we now have the scale of opportunity at Yarrol across a 20 kilometre strike to build a robust gold project,’ Mila says. At Kathleen Valley, Mila is progressing its evaluation of options and is ‘confident of identifying the optimal path to unlock value for shareholders’. Current share price: 1.72 pence, closed down 1.7% on Wednesday 12-month change: more than tripled Copyright 2025 Alliance News Ltd. All Rights Reserved.
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