17 sep 25   mila resources plc - mobilises drill rig and strengthens local team mila resources plc | mila | 0.7 0 0.0% | mkt cap: 4.73m    rns number : 5951z mila resources plc 17 september 2025   mila resources plc / index: lse / epic: mila / sector: natural resources   17 september 2025 mila resources plc ("mila" or the company")   mila mobilises drill rig and strengthens local team to fast-track yarrol gold resource potential   mila resources plc (lse:mila), the post-discovery gold exploration accelerator, is pleased to announce an update on the phase two campaign at the yarrol gold project in queensland, australia ("yarrol" or the "project").  the company has now mobilised the drill rig and strengthened the local team with the appointment of a country manager to run the yarrol exploration programme on-site.   key highlights ·      drill pads completed and rig mobilised to commence phase two drilling campaign at yarrol (see figure 1). ·      programme designed to infill and extend known zones of gold mineralisation, supporting work towards a jorc-compliant resource estimate. ·      recent geophysics identified southern structures with gold potential; not drill tested in this phase but to be incorporated into future programmes. ·      strengthened queensland team with the appointment of country manager, chris spurway, supported by a queensland-based project geologist, working alongside exploration manager alastair goodship. ·      local team structure expected to increase efficiency due to reduced reliance on consultants, reduce discovery cost per ounce, and accelerate work across yarrol, mt steadman, and monal.   phase two drilling underway mila is pleased to announce that the drill pads at yarrol have been completed and the diamond drill rig has now mobilised to site to commence the phase two drilling campaign. the campaign is broken up into two parts; comprising a 1,600m diamond drilling campaign to provide detailed structural data on the controls of mineralisation, followed by a 3,000m reverse circulation ("rc") programme to both infill and extend the tested mineralisation footprint.   this programme builds on the work provided by independent technical review undertaken by rsc mining consultants and is focused on infilling and extending the known zones of gold mineralisation. results from the programme will form the foundation of a jorc-compliant mineral resource estimate which will be completed once the dimensions of the system start to be defined.   strengthening the queensland team to support ongoing operations and longer-term project development, mila has expanded its in-country geological team. ·      chris spurway has joined as country manager. chris is a highly experienced geologist and competent person with an extensive background in exploration project development. he brings specific expertise in narrow vein gold systems and joins the project having a decade of work with emx royalty corporation, where he was responsible for generating and advancing projects within australia, including the yarrol portfolio. ·      a queensland-based junior project geologist has also joined the team. working alongside chris spurway and exploration manager alastair goodship. the junior project geologist will play an active role on the ground, both in supporting the drilling campaign and in generating new drill targets across the queensland portfolio.   the establishment of a strong local team enables mila to operate more effectively, with confidence in the potential of the current portfolio, whilst looking to reduce the cost per ounce of gold discovered and ensuring campaigns are delivered efficiently.   commitment to delivering shareholder value the board remains highly confident in the resource potential at yarrol and the broader prospectivity of the yarrol fault, in addition to the exploration upside at the company's mt steadman and monal projects. by aligning the board and in-country team through incentive-driven exploration strategies, mila is well placed to create shareholder value through resource growth and discovery.   invitation to live investor presentation investors are invited to attend a live presentation webinar with the board to hear more about the phase two drilling campaign and to understand how the company intends to deliver value through its work programmes.   the webinar will be held on the investor meet company platform at 11:00am bst today, wednesday 17 september.   investors can sign up to investor meet company for free and add to meet mila resources plc via: https://www.investormeetcompany.com/mila-resources-plc/register-investor   mark stephenson, executive chairman of mila, commented: "i am delighted to welcome chris spurway to the company and to see our queensland team strengthening with additional local expertise. having boots on the ground, led by an experienced country manager, is central to our strategy of reducing the cost per ounce of discovery and accelerating our work programmes.   "with our team now in place, we are excited to commence phase two drilling at yarrol. this campaign will extend known zones of mineralisation and provide the data we need for a jorc-compliant resource. this is about more than a single campaign, it is about positioning mila to make multiple discoveries along the yarrol fault, the targets of monal, and mt steadman, all focusing on creating long-term value for our shareholders."  figure 1: drill rig on site at yarrol.     **ends** for more information visit www.milaresources.com or contact: mark stephenson mila resources plc info@milaresources.com jonathan evans tavira financial limited +44 (0) 20 7100 5100 nick emerson si capital +44 (0) 20 3143 0600 damon heath shard capital partners llp +44 (0) 20 3971 7000 susie geliher / will turner st brides partners limited +44 (0) 20 7236 1177             this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   upddqlffeklxbbv return to news summary

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