Mila Resources Kicks Off Phase 2 Exploration at Yarrol Gold Project, Targets High-Grade Expansion

Image Source: mila resources.com

Mila Resources Plc has officially commenced Phase 2 of its exploration programme at the Yarrol Gold Project in central Queensland, Australia. The initiative aims to unlock further mineralisation along the 20km Yarrol Fault and establish a maiden resource estimate, following promising results from Phase 1.

Key Highlights:

Ground magnetic surveys are set to begin over the southern extension of the H1 2025 drill area, targeting zones with historic high-grade intercepts.
Priority targets include previous drill results such as 12m at 20.2g/t Au from 100m and 6m at 8.54g/t Au from 24m.
A specialist resource review is underway to refine geological models and guide upcoming drilling campaigns.

Exploration Roadmap:

Diamond drilling will commence in Q3 2025, focusing on known mineralised structures to improve confidence in grade and geometry.
Reverse Circulation (RC) drilling is scheduled for Q4 2025, aimed at resource expansion through step-out and infill drilling.
Additional fieldwork will be conducted at Mt Steadman and Monal licences, which have shown strong potential based on historic intercepts.

Strategic Context:

Mila’s Phase 1 programme confirmed continuity and high-grade zones within a 2km stretch of the Yarrol Fault.
The company is now expanding its footprint across the remaining 18km, with a data-driven and technically robust approach.
All exploration efforts will contribute to defining a maiden mineral resource and advancing toward full ownership of the Queensland portfolio.

Sources: Investegate, Global Mining Review, Vox Markets, London Stock Exchange (July 2025)