Mila Resources expands gold exploration portfolio with new agreement in Queensland, Australia

Proactive - Interviews for investors

Mila Resources Executive Chairman Mark Stephenson joined Steve Darling from Proactive to announce that the company has signed a new exploration and option agreement over three promising gold projects in Queensland, Australia. The agreement with EMX Royalty will see Mila pay an upfront fee of A$25,000 and issue warrants, along with a commitment to conduct A$450,000 in exploration work within the first year. This new portfolio, which includes the Yarrol, Mt Steadman, and Mt Weary projects, is expected to bolster Mila’s existing gold assets, particularly complementing its primary Kathleen Valley project in Western Australia. According to Stephenson, initial ground exploration efforts will kick off in the coming weeks at Yarrol, the most developed project in the portfolio, with plans to conduct geophysical surveys at both Mt Steadman and Mt Weary in early 2025. While these new projects are an exciting addition, Stephenson emphasized that Kathleen Valley remains the company's priority. The project is focused on both gold and lithium resources, thanks to Mila’s joint venture with Liontown Resources. Liontown, which commenced spodumene production at Kathleen Valley in July 2024, is actively engaging local stakeholders as part of further exploration and development plans. This expanded Queensland portfolio reinforces Mila’s commitment to accelerating its exploration capabilities across multiple strategic assets in Australia. #proactiveinvestors #milaresourcesplc #lse #mila #mining #MiningExploration #WesternAustralia #MarkStephenson #Liontown #LithiumMining #GoldExploration #ResourceInvestment #MiningNews #ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews