Mila Resources Share Price (MILA)

Let us see when the Heritage Clearances are granted in reality. It is quite clear that the process and relationship-building to secure them are not simple or beholden to the Board's predictions. Will be good when we get an RNS that says that the Clearances have been secured and that X drilling targets will explored during Y period.

The recent presentation shows Q1 2025 as drilling for Kathleen gold and lithium… on the interview he mentioned something about getting it tied up before Christmas I think I’ll double check

Post-Readmission, and conditional on the successful completion of 11,000 metres drilling at Kathleen Valley, the Company will have a right to purchase a further 25% interest in the Kathleen Valley Project and the Kathleen Valley Licence from TPE for consideration of £2,343,750 by way of issuing 97,656,750 new Ordinary Shares at a price of £0.024 per Ordinary Share in the Company (the "Second Consideration Shares") to TPE. The Company will then seek to list the Second Consideration Shares.

 

Finally, and conditional on a second spend by the Company of not less than £1,500,000, the Company will have a right to acquire the remaining 25% interest in the Kathleen Valley Project and Kathleen Valley Licence from TPE for consideration of £2,343,750 by way of issuing 97,656,750 new Ordinary Shares in the Company at a price of £0.024 per Ordinary Share (the "Third Consideration Shares") to TPE. On completion of the allotment, the Company will also seek to list the Third Consideration Shares. There is no guarantee that the Company will issue the Second Consideration Shares and/or the Third Consideration Shares, as they are dependent on the aforementioned conditions being met in relation to the Project and pursuant to the Acquisition Agreement.

Itll be the second consideration shares to purchase a further 25% in Kathleen valley… priced at 2.4p so very good if that imo

Will be used to progress the Queensland acquisitions is my guess.

Oh dear, I didn't see that. My apologies :o) (though I still don't care for Flightman, all his posts seem to be deramping).

JDF7, Interestingly I don't think this is to pay Directors or raise working capital. I think it may used be to finance another deal. They don't say, so pure speculation at the moment.