WOW22 Aug 2025 14:43
Only 4m mcap.
From latest RNS;
Highlights
· Ground magnetics contractor commissioned and survey to begin in the coming week over the prospective southern extension of the H1 2025 drill area.
· Priority targets include historic drill intercepts such as:
o YLRC020: 12.0m @ 20.2g/t Au from 100m, including 2m @ 58.6g/t
o YARC73: 12m @ 3.36g/t from 10m
o YLRCD11: 6m @ 3.55g/t from 101.8m
o YARPS12: 6m @ 8.54g/t from 24m
· Specialist resource review underway - a total review of all existing data will be used to structure the upcoming drill programme
o Diamond drilling scheduled to commence in Q3 - focused on structures within zones of known mineralisation. The aim will be to improve confidence in grade, geometry, and tonnage potential.
o Reverse Circulation (RC) drilling scheduled to commence in Q4 - targeting resource expansion through step-out and infill drilling.
· Detailed studies and fieldwork will also be undertaken at the Mt Steadman and Monal Licences to advance drill targets.
· These assets are already showing strong potential based on historic intercepts, including:
Mt Steadman
o MS37: 1m @ 110g/t Au from 20m
o MS36: 2m @ 12.5g/t from 8m
o RC95MS10: 22m @ 1.21g/t Au from surface
Monal
o BCRC003: 7m @ 2.04g/t from 13m and 34m @ 0.37g/t from 53m
o BCRC001: 2m @ 3.75g/t from 101m
o BCRC007: 17m @ 0.75g/t from 10m
Mark Stephenson, Executive Director of Mila Resources, commented:
"Our Phase 1 exploration programme at Yarrol exceeded our expectations and we are now excited to be commencing Phase 2, which aims to further unlock the 20km Yarrol Fault. We have only worked on ~2km area to date and this has confirmed strong continuity and high-grade zones. Accordingly, we are confident that our targeted exploration approach will continue to prove the scale and quality of the system and establish Yarrol as a significant new gold discovery. We look forward to sharing further updates on our exploration work in due course."