Mila Resources upgraded the JORC mineral resource at its Coffey gold deposit to 41,300 ounces, roughly double the estimate from November 2020.

Induced polarisation surveys at Mila Resources' Queensland project have identified porphyry-style drill targets, backed by high-grade surface rock chip assays.

It has resumed a fully funded 1,400-metre drilling campaign in Queensland, targeting extensions to gold mineralisation identified across its 20km Yarrol System.

It has exercised an option with Elemental Royalty Corporation to become 100% owner of three Queensland exploration projects, including the Monal gold-copper project.

The Queensland-focused gold developer has begun machine learning-supported target generation ahead of a fresh 1,400-metre drill programme at its Yarrol Gold Project.

The induced polarisation survey targets porphyry-style mineralisation signatures and is designed to generate drill-ready targets at the Monal project's Child's prospect.

Assays from the 12-hole RC programme returned multiple high-grade and wide gold intercepts and the company has started pre-resource modelling ahead of an initial Mineral Resource Estimate and preliminary economic work.

Mila Resources reported assays from three RC holes at Yarrol that include the project’s highest-grade intercept and which the company says extend and confirm continuity beyond the historic resource as it moves towards an initial JORC MRE.

Mila Resources has raised £600,000 via a placing of 60m shares at 1p each, plus one warrant per share, to fund drilling and studies at Yarrol, progress Monal and cover working capital.