RC Results at Yarrol Continue to Derisk Project

Summary by AI BETAClose X

Mila Resources Plc has announced positive Reverse Circulation drilling results from its Yarrol Gold Project in Queensland, Australia, with hole MYARC0222 yielding the highest grade intercept to date of 112g/t over 1m, as part of a broader intercept of 4m at 29.4g/t gold. These results confirm high-grade mineralisation in the southern segment of the Yarrol North target, extend shallow gold mineralisation further north, and demonstrate continuity to the west not previously included in the historic resource. The ongoing programme aims to build the dataset for an initial JORC mineral resource estimate, with the mineralised strike length at Yarrol North now exceeding 500m and the system remaining open to the south.

Disclaimer*

Mila Resources PLC
28 April 2026
 

Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

28 April 2026

Mila Resources Plc

("Mila" or the "Company")

 

RC Results at Yarrol Continue to Derisk the Project

 

Mila Resources Plc (LSE: MILA), the post-discovery gold exploration accelerator, is pleased to report assay results from holes 3, 4 and 5 of the Company's 12-hole Reverse Circulation ("RC") drilling campaign completed in Q1 2026 at the Yarrol Gold Project, Queensland, Australia ("Yarrol"). The results reported below were drilled in the southern segment of the Yarrol North target.

 

OVERVIEW

 

Yarrol Gold Project - RC Drilling

·      New results from the Q1 2026 RC campaign return the highest-grade gold intercept recorded on the project at 112g/t over 1m.

·      Drillholes confirm high grade mineralisation in southernmost positions drilled to date at Yarrol North Target.

·      The results also confirm extensions of shallow gold mineralisation further to the north and continuity of mineralisation to the west that was not included in the historic resource.

·      Further results from infill and step-out holes completed as part of the Q1 2026 programme are pending and will be reported in due course.

·      The programme is designed to build the dataset required for an initial JORC mineral resource estimate ("MRE").

·      Multi-element geochemical assays are being used to refine the Company's structural interpretation of the Yarrol system and to inform next-phase drill targeting.

·      Best intercepts from the three holes include:

·      4m @ 29.4g/t gold (Au) from 8m (MYARC0222)

including 1m @ 112g/t Au from 10m; and

1m @ 5g/t Au from 11m

·      9m @ 2.48g/t Au from 31m (MYARC0216)

including 1m @ 15.05g/t Au from 36m

·      7m @ 1.0g/t Au from 17m (MYARC0215)

including 1m @ 4.04g/t Au from 21m

 

Mark Stephenson, Executive Chairman, commented:

"We are delighted with these results with some notably high-grade results. Every intercept, no matter the size, is helping us build tonnage and tighten the geological picture.

 

"What is emerging is a pattern of repeating structures hosting high-grade shoots, suggesting a more continuous and robust mineralised system than was ever previously understood.  We are now moving beyond isolated results and toward the building a meaningful and economic gold resource in a proven gold district. Following our recent capital raise we will be continuing to fast track the development of this project."

 

Further Information

 

Yarrol Gold Project: Results from RC Campaign

 

The image shows a topographic map indicating a geological area with various resource markers, including locations for mineralization, historical drill sites, and satellite targets, with a focus on Yarrol North and associated faults. AI-generated content may be incorrect.























Figure 1. An overview of Mila's completed drilling at Yarrol. Holes MYARC0222 is shown south of the historic resource area, MYARC0216 and MYARC0215 are shown at the centre and north of the historic resource area.

 

Mila is pleased to announce results from three further holes of the recently completed 12-hole RC programme at Yarrol.

 

The Q1 2026 RC programme was designed to systematically extend the mineralised footprint at Yarrol in support of an initial JORC MRE, with infill and step-out holes testing the boundaries of the system in all directions. To date, mineralisation has not been closed off in any direction and the confirmed strike length at Yarrol North now exceeds 500m.

 

This batch of results covers a southern step-out hole designed to test the outer limits of the system infill holes to test mineralisation continuity in the west and to the north of the historic resource area. Even at these furthest positions, broad zones of gold mineralisation with higher-grade internal intercepts have been returned, and the system remains open to the south. Further results from the remainder of the Q1 2026 RC programme are pending and will be reported in due course.

 

The Yarrol Gold Project diagram shows a resource estimate for a gold mineralization with various depths and grades, including a historical drill log. AI-generated content may be incorrect.

 

Competent Person Statement

The information in this announcement relating to Exploration Results is based on information compiled by Alastair Goodship, who is COO of Mila Resources, and a member of The Institute of Materials, Minerals and Mining and a Fellow of the Geological Society. Dr Goodship has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves".

 

 

**ENDS**

For more information visit www.milaresources.com or contact:  

  

Mark Stephenson  

Mila Resources Plc  

  

info@milaresources.com  

Jonathan Evans  

Tavira Financial Limited  

  

+44 (0) 20 7100 5100  

Nick Emerson  

SI Capital   

  

+44 (0) 20 3143 0600  

Damon Heath

Shard Capital Partners LLP

+44 (0) 20 3971 7000

Susie Geliher / Charlotte Page  

St Brides Partners Limited  

+44 (0) 20 7236 1177  

 

 

ABOUT MILA RESOURCES

Mila Resources Plc (LSE: MILA) is a post-discovery gold exploration company focused on advancing a portfolio of gold and copper interests in Queensland, Australia.  The most advanced is the Yarrol Gold Project which is moving towards an initial Mineral Resource Estimate, alongside the systematic advancement of exploration targets across its broader Queensland licence portfolio, including the Monal West porphyry corridor.

 

Appendix - Drill Results

 

Hole ID

Sample ID

Depth fr0m

Depth to

Interval

Au ppm

Au ppm_1

MYARC0215

260001

0

1

1

0.06


MYARC0215

260002

1

2

1

0.02


MYARC0215

260003

2

3

1

0.09


MYARC0215

260004

3

4

1

0.05


MYARC0215

260005

4

5

1

0.02


MYARC0215

260006

5

6

1

0.03


MYARC0215

260007

6

7

1

0.05


MYARC0215

260008

7

8

1

0.01


MYARC0215

260009

8

9

1

0.01


MYARC0215

260010

9

10

1

0.36


MYARC0215

260011

10

11

1

0.01


MYARC0215

260012

11

12

1

0.03


MYARC0215

260013

12

13

1

0.04


MYARC0215

260014

13

14

1

0.24


MYARC0215

260015

14

15

1

0.14


MYARC0215

260016

15

16

1

0.03


MYARC0215

260017

16

17

1

0.16


MYARC0215

260018

17

18

1

0.03


MYARC0215

260019

18

19

1

1.11


MYARC0215

260020

19

20

1

0.73


MYARC0215

260023

20

21

1

0.05


MYARC0215

260024

21

22

1

4.06


MYARC0215

260025

22

23

1

0.43


MYARC0215

260026

23

24

1

0.27


MYARC0215

260027

24

25

1

0.57


MYARC0215

260028

25

26

1

0.17


MYARC0215

260029

26

27

1

0.01


MYARC0215

260030

27

28

1

0.01


MYARC0215

260031

28

29

1

0.01


MYARC0215

260032

29

30

1

0.03


MYARC0215

260033

30

31

1

0.05


MYARC0215

260034

31

32

1

0.04


MYARC0215

260035

32

33

1

0.06


MYARC0215

260036

33

34

1

0.26


MYARC0215

260037

34

35

1

0.08


MYARC0215

260038

35

36

1

0.04


MYARC0215

260039

36

37

1

0.19


MYARC0215

260040

37

38

1

0.45


MYARC0215

260041

38

39

1

0.02


MYARC0215

260042

39

40

1

0.07


MYARC0215

260045

40

41

1

0.34


MYARC0215

260046

41

42

1

0.06


MYARC0215

260047

42

43

1

0.02


MYARC0215

260048

43

44

1

0.55


MYARC0215

260049

44

45

1

0.16


MYARC0215

260050

45

46

1

0.03


MYARC0215

260051

46

47

1

0.08


MYARC0215

260052

47

48

1

0.04


MYARC0215

260053

48

49

1

0.01


MYARC0215

260054

49

50

1

0.02


MYARC0215

260055

50

51

1

0.04


MYARC0215

260056

51

52

1

0.03


MYARC0215

260057

52

53

1

0.06


MYARC0215

260058

53

54

1

0.12


MYARC0215

260059

54

55

1

0.02


MYARC0215

260060

55

56

1

0.04


MYARC0215

260061

56

57

1

0.04


MYARC0215

260062

57

58

1

0.02


MYARC0215

260063

58

59

1

0.01


MYARC0215

260064

59

60

1

0.03


MYARC0215

260067

60

61

1

0.11


MYARC0215

260068

61

62

1

0.01


MYARC0215

260069

62

63

1

0.01


MYARC0215

260070

63

64

1

0.005


MYARC0215

260071

64

65

1

0.005


MYARC0215

260072

65

66

1

0.01


MYARC0215

260073

66

67

1

0.01


MYARC0215

260074

67

68

1

0.01


MYARC0215

260075

68

69

1

0.16


MYARC0215

260076

69

70

1

0.03


MYARC0215

260077

70

71

1

0.02


MYARC0215

260078

71

72

1

0.02


MYARC0215

260079

72

73

1

0.01


MYARC0215

260080

73

74

1

0.04


MYARC0215

260081

74

75

1

0.01


MYARC0215

260082

75

76

1

0.01


MYARC0215

260083

76

77

1

0.06


MYARC0215

260084

77

78

1

0.07


MYARC0215

260085

78

79

1

0.07


MYARC0215

260086

79

80

1

0.02


MYARC0215

260089

80

81

1

0.01


MYARC0215

260090

81

82

1

0.005


MYARC0215

260091

82

83

1

0.03


MYARC0215

260092

83

84

1

0.01


MYARC0215

260093

84

85

1

0.005


MYARC0215

260094

85

86

1

0.02


MYARC0215

260095

86

87

1

0.01


MYARC0215

260096

87

88

1

0.005


MYARC0215

260097

88

89

1

0.005


MYARC0215

260098

89

90

1

0.01


MYARC0216

260100

0

1

1

0.06


MYARC0216

260101

1

2

1

0.03


MYARC0216

260102

2

3

1

0.01


MYARC0216

260103

3

4

1

0.04


MYARC0216

260104

4

5

1

0.005


MYARC0216

260105

5

6

1

0.07


MYARC0216

260106

6

7

1

0.18


MYARC0216

260107

7

8

1

0.03


MYARC0216

260108

8

9

1

0.01


MYARC0216

260109

9

10

1

0.04


MYARC0216

260110

10

11

1

0.03


MYARC0216

260111

11

12

1

0.05


MYARC0216

260112

12

13

1

0.06


MYARC0216

260113

13

14

1

0.05


MYARC0216

260114

14

15

1

0.04


MYARC0216

260115

15

16

1

0.05


MYARC0216

260116

16

17

1

0.02


MYARC0216

260117

17

18

1

0.02


MYARC0216

260118

18

19

1

0.005


MYARC0216

260119

19

20

1

0.005


MYARC0216

260122

20

21

1

0.005


MYARC0216

260123

21

22

1

0.01


MYARC0216

260124

22

23

1

0.005


MYARC0216

260125

23

24

1

0.02


MYARC0216

260126

24

25

1

0.02


MYARC0216

260127

25

26

1

0.05


MYARC0216

260128

26

27

1

0.06


MYARC0216

260129

27

28

1

0.13


MYARC0216

260130

28

29

1

0.12


MYARC0216

260131

29

30

1

0.16


MYARC0216

260132

30

31

1

0.25


MYARC0216

260133

31

32

1

0.88


MYARC0216

260134

32

33

1

1.6


MYARC0216

260135

33

34

1

0.37


MYARC0216

260136

34

35

1

0.53


MYARC0216

260137

35

36

1

1.36


MYARC0216

260138

36

37

1

15.05


MYARC0216

260139

37

38

1

1.06


MYARC0216

260140

38

39

1

0.54


MYARC0216

260141

39

40

1

0.73


MYARC0216

260144

40

41

1

0.18


MYARC0216

260145

41

42

1

0.03


MYARC0216

260146

42

43

1

0.03


MYARC0216

260147

43

44

1

0.02


MYARC0216

260148

44

45

1

0.02


MYARC0216

260149

45

46

1

0.01


MYARC0216

260150

46

47

1

0.01


MYARC0216

260151

47

48

1

0.01


MYARC0216

260152

48

49

1

0.03


MYARC0216

260153

49

50

1

0.01


MYARC0216

260154

50

51

1

0.01


MYARC0216

260155

51

52

1

0.03


MYARC0216

260156

52

53

1

0.02


MYARC0216

260157

53

54

1

0.03


MYARC0216

260158

54

55

1

0.05


MYARC0216

260159

55

56

1

0.06


MYARC0216

260160

56

57

1

0.03


MYARC0216

260161

57

58

1

0.04


MYARC0216

260162

58

59

1

0.02


MYARC0216

260163

59

60

1

0.01


MYARC0216

260166

60

61

1

0.02


MYARC0216

260167

61

62

1

0.01


MYARC0216

260168

62

63

1

0.02


MYARC0216

260169

63

64

1

0.09


MYARC0216

260170

64

65

1

0.04


MYARC0216

260171

65

66

1

0.08


MYARC0216

260172

66

67

1

0.01


MYARC0216

260173

67

68

1

0.02


MYARC0216

260174

68

69

1

0.03


MYARC0216

260175

69

70

1

0.03


MYARC0216

260176

70

71

1

0.005


MYARC0216

260177

71

72

1

0.01


MYARC0216

260178

72

73

1

0.01


MYARC0216

260179

73

74

1

0.02


MYARC0216

260180

74

75

1

0.005


MYARC0216

260181

75

76

1

0.01


MYARC0216

260182

76

77

1

0.005


MYARC0216

260183

77

78

1

0.005


MYARC0216

260184

78

79

1

0.005


MYARC0216

260185

79

80

1

0.005


MYARC0216

260188

80

81

1

0.005


MYARC0216

260189

81

82

1

0.005


MYARC0216

260190

82

83

1

0.005


MYARC0216

260191

83

84

1

0.02


MYARC0216

260192

84

85

1

0.005


MYARC0216

260193

85

86

1

0.005


MYARC0216

260194

86

87

1

0.005


MYARC0216

260195

87

88

1

0.04


MYARC0216

260196

88

89

1

0.005


MYARC0216

260197

89

90

1

0.005


MYARC0216

260198

90

91

1

0.005


MYARC0216

260199

91

92

1

0.01


MYARC0216

260200

92

93

1

0.005


MYARC0216

260201

93

94

1

0.005


MYARC0216

260202

94

95

1

0.01


MYARC0216

260203

95

96

1

0.005


MYARC0216

260204

96

97

1

0.005


MYARC0216

260205

97

98

1

0.005


MYARC0216

260206

98

99

1

0.01


MYARC0216

260207

99

100

1

0.01


MYARC0222

260941

0

1

1

0.02


MYARC0222

260942

1

2

1

0.02


MYARC0222

260943

2

3

1

0.01


MYARC0222

260944

3

4

1

0.02


MYARC0222

260945

4

5

1

0.01


MYARC0222

260946

5

6

1

0.15


MYARC0222

260947

6

7

1

0.02


MYARC0222

260948

7

8

1

0.02


MYARC0222

260949

8

9

1

0.71


MYARC0222

260950

9

10

1

0.04


MYARC0222

260951

10

11

1

>100

112

MYARC0222

260952

11

12

1

5.01


MYARC0222

260953

12

13

1

0.08


MYARC0222

260954

13

14

1

0.06


MYARC0222

260955

14

15

1

0.27


MYARC0222

260956

15

16

1

0.02


MYARC0222

260957

16

17

1

0.02


MYARC0222

260958

17

18

1

0.02


MYARC0222

260959

18

19

1

0.02


MYARC0222

260960

19

20

1

0.03


MYARC0222

260963

20

21

1

0.02


MYARC0222

260964

21

22

1

0.07


MYARC0222

260965

22

23

1

0.03


MYARC0222

260966

23

24

1

0.09


MYARC0222

260967

24

25

1

0.32


MYARC0222

260968

25

26

1

0.02


MYARC0222

260969

26

27

1

0.01


MYARC0222

260970

27

28

1

0.03


MYARC0222

260971

28

29

1

0.01


MYARC0222

260972

29

30

1

0.01


MYARC0222

260973

30

31

1

0.01


MYARC0222

260974

31

32

1

0.01


MYARC0222

260975

32

33

1

0.005


MYARC0222

260976

33

34

1

0.01


MYARC0222

260977

34

35

1

0.005


MYARC0222

260978

35

36

1

0.005


MYARC0222

260979

36

37

1

0.01


MYARC0222

260980

37

38

1

0.005


MYARC0222

260981

38

39

1

0.01


MYARC0222

260982

39

40

1

0.02


MYARC0222

260985

40

41

1

0.01


MYARC0222

260986

41

42

1

0.01


MYARC0222

260987

42

43

1

0.08


MYARC0222

260988

43

44

1

0.005


MYARC0222

260989

44

45

1

0.7


MYARC0222

260990

45

46

1

0.07


MYARC0222

260991

46

47

1

0.13


MYARC0222

260992

47

48

1

0.13


MYARC0222

260993

48

49

1

0.03


MYARC0222

260994

49

50

1

0.02


MYARC0222

260995

50

51

1

0.03


MYARC0222

260996

51

52

1

0.13


MYARC0222

260997

52

53

1

0.03


MYARC0222

260998

53

54

1

0.04


MYARC0222

260999

54

55

1

0.02


MYARC0222

261000

55

56

1

0.02


MYARC0222

261001

56

57

1

0.02


MYARC0222

261002

57

58

1

0.02


MYARC0222

261003

58

59

1

0.03


MYARC0222

261004

59

60

1

0.05


MYARC0222

261007

60

61

1

0.05


MYARC0222

261008

61

62

1

0.1


MYARC0222

261009

62

63

1

0.03


MYARC0222

261010

63

64

1

0.01


MYARC0222

261011

64

65

1

0.02


MYARC0222

261012

65

66

1

0.06


MYARC0222

261013

66

67

1

0.01


MYARC0222

261014

67

68

1

0.01


MYARC0222

261015

68

69

1

0.01


MYARC0222

261016

69

70

1

0.04


MYARC0222

261017

70

71

1

0.02


MYARC0222

261018

71

72

1

0.01


MYARC0222

261019

72

73

1

0.02


MYARC0222

261020

73

74

1

0.01


MYARC0222

261021

74

75

1

0.05


MYARC0222

261022

75

76

1

0.05


MYARC0222

261023

76

77

1

0.02


MYARC0222

261024

77

78

1

0.03


MYARC0222

261025

78

79

1

0.01


MYARC0222

261026

79

80

1

0.02


MYARC0222

261029

80

81

1

0.02


MYARC0222

261030

81

82

1

0.03


MYARC0222

261031

82

83

1

0.02


MYARC0222

261032

83

84

1

0.03


MYARC0222

261033

84

85

1

0.02


MYARC0222

261034

85

86

1

0.02


MYARC0222

261035

86

87

1

0.03


MYARC0222

261036

87

88

1

0.03


MYARC0222

261037

88

89

1

0.03


MYARC0222

261038

89

90

1

0.02


MYARC0222

261039

90

91

1

0.04


MYARC0222

261040

91

92

1

0.14


MYARC0222

261041

92

93

1

0.3


MYARC0222

261042

93

94

1

0.09


MYARC0222

261043

94

95

1

0.14


MYARC0222

261044

95

96

1

0.2


MYARC0222

261045

96

97

1

0.06


MYARC0222

261046

97

98

1

0.01


MYARC0222

261047

98

99

1

0.04


MYARC0222

261048

99

100

1

0.03


MYARC0222

261051

100

101


0.05


MYARC0222

261052

101

102


0.02


MYARC0222

261053

102

103


0.01


MYARC0222

261054

103

104


0.04


MYARC0222

261055

104

105


0.03


MYARC0222

261056

105

106


0.01


MYARC0222

261057

106

107


0.18


MYARC0222

261058

107

108


0.09


MYARC0222

261059

108

109


0.02


MYARC0222

261060

109

110


0.01


MYARC0222

261061

110

111


0.02


MYARC0222

261062

111

112


0.02


MYARC0222

261063

112

113


0.02


MYARC0222

261064

113

114


0.01


MYARC0222

261065

114

115


0.02


MYARC0222

261066

115

116


0.01


MYARC0222

261067

116

117


0.01


MYARC0222

261068

117

118


0.01


MYARC0222

261069

118

119


0.01


MYARC0222

261070

119

120


0.005


MYARC0222

261073

120

121


0.005


MYARC0222

261074

121

122


0.005


MYARC0222

261075

122

123


0.05


MYARC0222

261076

123

124


0.005


MYARC0222

261077

124

125


0.02


MYARC0222

261078

125

126


0.005


MYARC0222

261079

126

127


0.01


MYARC0222

261080

127

128


0.01


MYARC0222

261081

128

129


0.01


MYARC0222

261082

129

130


0.01


MYARC0222

261083

130

131


0.01


MYARC0222

261084

131

132


0.05


MYARC0222

261085

132

133


0.01


MYARC0222

261086

133

134


0.01


MYARC0222

261087

134

135


0.01


MYARC0222

261088

135

136


0.01


MYARC0222

261089

136

137


0.01


MYARC0222

261090

137

138


0.005


MYARC0222

261091

138

139


0.01


MYARC0222

261092

139

140


0.005


MYARC0222

261095

140

141


0.01


MYARC0222

261096

141

142


0.01


MYARC0222

261097

142

143


0.01


MYARC0222

261098

143

144


0.01


MYARC0222

261099

144

145


0.02


MYARC0222

261100

145

146


0.02


MYARC0222

261101

146

147


0.01


MYARC0222

261102

147

148


0.01


MYARC0222

261103

148

149


0.01


MYARC0222

261104

149

150


0.01


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings