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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mila Resources Plc | MILA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.515 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.515 | 0.515 | 0.515 | 0.515 | 0.515 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
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Posted at 12/11/2024 13:07 by dannymaz89 $LTR (largest hard rock lithium producer in the world £2b cap) just waiting on the rock chip samples to start the drilling on little #MILA (2km away)Be worth the wait this £2-3m cap/£1-3m cash minimal costsGuaranteed they excise their $2.2m option leaving @MilaResources free riding a tier 1 lithium asset with JV route to production on lithiumWith Gold/copper exploration fully funded with grades like this:Kathleen valley (attached to Bellevue £1b cap): including 1m @ 27.60 g/t Au & 47.50 g/t Ag from 211m (KVRD026)Monal Target (Monal Licence): Rock chip sampling of copper-sulphide ore returned a peak value of 26.8 g/t Au and 0.88% Cu, underscoring the high-grade gold and copper potential at Monal. Rawlins Target (Monal Licence): Sampling of a haematite breccia at the Rawlins Target produced a remarkable result of 24.6 g/t Au and 5.48% Cu, indicating the potential for high-grade polymetallic mineralisation at this target. Yarrol Target (Yarrol Licence): Sampling efforts returned peak values of 6.49 g/t Au and 2.69% Cu within the historic resource area |
Posted at 05/11/2024 13:30 by dannymaz89 #MILA notes from webinarFunded indefinitely, Liontown are paying for everything and are going very large on their drilling campaign once heritage studies are signed offRock chip samples collected by liontown so very late stage Liontown confirm Lithium is there and they'll get it ?Yarrol post discovery is a very easy win on gold/copper last checked in the 1980s so updating the work on that imminently Government funding available for the pre discovery asset so will be looking at thatOnce liontown drill for lithium they pay Mila £1m which then funds MILAs gold campaign q1 2025 ASX listing not off the table Further acquisitions being looked at, new JV EMX very impressed by MILA hence awarding the option |
Posted at 05/11/2024 08:15 by dannymaz89 Webinar later MILAhttp://www.inves |
Posted at 01/11/2024 12:44 by dannymaz89 #MILANow officially a multi asset company, 3x new acquisitions earning a farm in for gold, copper, nickel, colbolt and manganese Zero cost to farm in just a £250k simple work programme Owner is a 150m cap Canadian company "Rock chip samples from the Rawlins prospect at the "Apple Tree" target area include a grab sample assaying 31.1 g/t gold (n=5, min 0.015 g/t Au, max 31.1 g/t Au, avg 12.74 g/t Au). Two grab samples from the Eastern Star workings returned with multi-gram gold (1.12 g/t Au and 9.55 g/t Au) and multi-percent copper (2.84% Cu and 10.07% Cu, respectively)"Lionto |
Posted at 15/10/2024 11:55 by dannymaz89 #MILAHave 30% ownership over their Kathleen valley asset Have an option to increase to 80% OwnershipMila has the option to increase its participating interest in Kathleen Valley to 80% on the issue of 97,656,750 new Ordinary Shares at a price of £0.024 per Ordinary Share in the Company (the "Second Consideration Shares").The remaining 20% interest is held by Metal Rocks Ltd. The Company proposes to enter into a call option agreement with Metal Rocks, pursuant to which the Company aims to acquire the right to purchase the outstanding 20%.After just 2 drills an Australian major producing lithium attached to the license "Liontown's crown jewel is its 'world-class' lithium deposit, Kathleen Valley. One of the largest hard rock lithium deposits in the world." Supplying Tesla and ford came knocking and gave MILA "Liontown has the option to acquire up to 80% of the Lithium Rights from Mila and TPE for a total consideration of up to A$2,200,000 through a phased investment programme"Freeriding MILA and MILA retain rights to all other minerals To the other side attached to the license is Bellevue gold £2b cap.. "what Mila are looking for""One of Australia's Highest-Grade Gold Mines, with a Mineral Resource of 3.2Moz"?Mila have £3m cap and £1.6m cash with very small outgoing and £1m potentially due to them from Liontown. 80% increase option at 2.4p currently 0.7p This will wake up with a bang ?? |
Posted at 07/10/2024 15:05 by thelung Project Generator Opportunities from the InterimsOur over-arching strategy remains to become a "best in class" post-discovery exploration accelerator through the careful identification and development of proven projects, which we believe is imperative now given the continued pressure on the IPO market and traditional routes of finance. To this end, we have looked to build our technical team during the period and were delighted to announce the appointment of Alastair Goodship to the Mila team in Q4 2023. Alastair is an exploration geologist with significant experience in leading discovery-focussed exploration teams in a diverse range of environments and jurisdictions globally, and he has proved an impressive and valuable member of our group. Alastair has been working on various potential new opportunities, assessing their relative merits in order to generate a shortlist of potential assets through which to broaden our portfolio. The biggest single risk facing most junior mining companies is that they are reliant on the success of a sole project, something that the Board of Mila are keen to avoid. With this in mind, the team are making solid progress on a number of potential opportunities, however there can be no guarantee that these will come to fruition. The Board are hopeful that through the continued focus on quality and whilst retaining the internal expertise to rapidly add value to a project, we will be able to make further updates on the advancement of Mila's project generator strategy during the current period. |
Posted at 02/5/2024 14:14 by stark industries latest company Q&A (Feb 2024)Summary of text questions/answers as follows. Q: Given the issues that LTR face with the current lithium pricing environment, are you pleased with progress & speed of which they are working? A: Yes. It is a great show of commitment from LTR and and understanding from their side of the medium to long term path for the lithium market. The Mila licence is a high priority target for them. Q: How long will existing cash balance last? A: We raised £2m before expenses last Nov Admin cost 12 m to 30/6/23 less capital raise expenses were £487k Liontown are covering all the current exploration cost so little overheads on top of that Q: I saw LT we’re going to get their shares at a discount to market price but ended up paying 1p which was above the market price why was this? A: Liontown originally invested pre the announcement they were farming in therefore wanted a discount as they thought our share price would go up substantially on the news. The share price surprised and went below our par value.Liontown were more than happy to change to 1p (premium at the time) and change their discount to a warrant at 2p in line with the placement Q: This is what I think the market is missing. Despite the major issues facing LTR & the lithium market as a whole, the MILA asset must be held in high regard for them to push on with the work program given it’s time sensitive. A: I guess we really need the grades & their optimism to match so we can receive the next stage payment & they can kick on again. Some nice gold grades would be a cherry on top. Q: Roughly, what time frames would you estimate you would be in a position to have something to release to market? A: LTR are due to push ahead with geochem' sampling in the near term. This will take a couple of months at least, possibly longer depending on permissions but hopefully by the end of Q2 we have more news. Our aim is to leverage off their detailed exploration work and let them carry the costs for now. Q: Is MILA also appraising other assets or is the focus purely at KV? A: Yes. The market is difficult for many earlier/post discovery projects at present and we see a clear opportunity to acquire an interest in stranded assets and advance them towards scoping and feasibility. The focus is on key metals- Copper, Gold, Lead-Zinc but with an openness to newer tech metals with the right opportunity. Q: One thing I noticed on the Corporate Presentation was an "independent valuation" of £15 Million for the project. May I ask who developed this valuation, and what methodology they used to come to this conclusion? A: It was an independent valuation by the accountants in the prospectus . It can be made available if required Q: Given the postcode of the asset & the surrounding majors, IGO, Belle Vue, BHP & Liontown. Have the company ever been approached by the likes of Belle Vue for a similar JV to the LTR one but in respect of the gold? If not, and we do get some nice gold intersects, would the company be open to a similar deal to the LTR JV retaining a %age of the gold & an upfront cash payment? Lastly, is this even something that could work, having LTR mine for lithium & BGO mine for gold? A: I'll let Mark comment on the JV but in terms of gold and lithium assets in the same licence it would be a question of proximity and infrastructure. As long as the two orebodies and mine footprints wouldn't overlap then it would be OK. Q: I understand that there could be water on the MILA license area and that this could be of economic interest to LTR. Could you tell us more about this? A: Liontown are particularly excited about the water which they need for production and hope shortly to start drilling on the Coffey permissions which will provide more knowledge on the area for us Q: How can Mila potentially monetise their water asset? A: water quality in the MILA KV licence appears better for processing for LTR. It is less saline and therefore would have significant savings in terms of processing for them. The access to this water is within Mila's licence and therefore they would need to acquire it for access. Q: Why do you think the shareprice is currently only reflecting £1m -£1.5m for the asset with JV deal attached? What steps do you plan on taking to help close the value disconnect between current value and projected fair value? For example have you thought about director buys or sourcing strategic Investors to restore investor confidence? A: We have been waiting for Liontown to commence before starting marketing as we didn’t want to make promises in this difficult Lithium environment . Tonight is the start of a promotion campaign which we will now continue with as the work progress. Q: Liontown were offered a $4.2bn takeover, albeit I think this was when lithium prices were much higher. I understand that their primary asset is their Kathleen Valley lithium resource. How does the size of their license area compare to MILA’s? There is clearly a bit of a value disconnect between the 2 companies 😂. I am trying to understand whether the MILA license area has the potential to contain a similar amount of natural resources as the Liontown license area, albeit clearly Mila are light years behind in terms of proving up and developing! A: An extension to the existing LTR mineralisation is more likely. In terms of area it is possible for a similar sized orebody to occur in the Mila licence but the realistic opportunity is for a significant tonnage addition to their resource towards greater depth. LTR have a high grade orebody and it is a tier one project so any resource expansion within the Mila licence would still represent a great return. Q: You mentioned a promotion campaign is about to start, and as you rightly say, it’s a really tough market atm particularly in the lithium space, what are your plans to spread the word & to highlight what we seem to all see as huge value disconnect. A: I will be working with our PR company StBrides and brokers SI Capital and Shard over the next period Q: Lazy for me to ask this as but how much stock % do management hold? Are you guys aligned with shareholders? A: Yes I have been investing throughout Mila’s lifetime |
Posted at 30/7/2023 13:02 by jlondon red armyIf you read , there has been 2 drilling campaigns done at Kathleen Valley Western Australia [Licence E36/876] for for 2 holes and then for 10 holes, making a total of 12 holes drilled. The above was owned by TRANS PACIFIC ENERGY GROUP LTD [Kathleen Valley Licence E36/876] and the Geologist was Neil Hutchinson, an Australia who is now Chief Geologist & Director of Mila Resources. Mila Resources was LISTED on the London Stock Exchange 23 Nov 2021 RNS and the only exploration asset they had was Kathleen Valley, W.Australia under the Licence No: 36/876 which was owned by Trans Pacific Energy Group Ltd, a SUBSIDIARY OF NGM Ltd. Mila only held 30% of Licence 36/876 on listing on 23 Nov 2021 on the London Stock Exchange. -------DRILLING OF 12 HOLES AT KATHLEEN VALLEY Licence 36/876 BY TRANS ENERGY GROUP LTD [TGE], SUB OF NGM.--------[Initial drill was 2 holes and then further drill 10 holes.] SOURCE: Link: hxxps://www.miningjo "Bellevue neighbour looks to London for listing."-Mining Journal, 14 Jan 2021 "Trans Pacific Energy Group Ltd -...based on 12 Reverse Circulation Drill...Kathleen Valley E36/876." Comment: In short, MILA RESOURCES CAME TO LONDON FOR LISTING BASED ON JUST THE E36/876 LICENCE AT KATHLEEN VALLEY, W.AUSTRALIA with a 30% interest only. The rest was owned by NGM, a subsidiary of Trans Pacific Energy Group Ltd. DRILLING RESULTS: " L I T H I U M PEGAMATITES WERE IDENTIFIED WITHIN the element rich project and the co is planning the next stage of drilling."-May 12, 2019, Proactive Investors [see my post 3352 for the link dated today, 30.7.23] Mining Review , 3 June 2019 also reported on the above: "This is in addition to the CONFIRMED HARD ROCK LITHIUM POTENTIAL at the site, he said."[CEO Arthur Darivas of Trans Pacific Energy Group Ltd]. ----The "LI PEGMATITES" ARE MARKED ON THE OFFICIAL MAP OF E36/876 ------ VIA THE MILA RESOURCES LISTING PROSPECTUS & COMPETENT PERSONS REPORT, ON LISTING ON THE LONDON STOCK EXCHANGE ON 23 NOV 2021.---Map also has lines in orange:"MAPPED PEGMATITES."----OFFI RED ARMY: My comment: So, Neil Hutchinson, Chief Geologist at Mila Resources currently[formerly at Trans Pacific Energy Group Ltd who did the drilling of first 2 holes and later 10 holes at Kathleen Valley E36/876 ] will not be "MAGIC THE RESOURCES UP." Why? Mr Hutchinson will NOT be in CHARGE of the lithium exploration at Kathleen Valley E36/876 Australia anymore because LIONTOWN [Mkt Cap A$6bn] has JV into the E36/876 and they will do all the EXPLORATION. --Sorry folks that my two posts were rather long but that cannot be helped as I have to proof my post with links and sources.--- Just in case, folks are not aware, Mila still does not own 100% of the project at Kathleen Valley E36/876 for which is the only exploration asset they used to list on the London Stock Exchange in Nov 2021. 20% is owned by Metal Rocks. Link: hxxps://www.milareso Whilst it may be boring for some, maybe, BUT any drilling BY THE PREVIOUS owner of Kathleen Valley Licence No E36/876 will be of interest given LIONTOWN, a A$6bn co is JV into Mila's Licence E36/876 which is on the BORDER to their MT MANN & KATHLEEN CORNER mineral deposit of 21Mt @1.4% Li20 [2km away although Jubilee took rock samples fromm 200-300m away from Mila's border]. So, Liontown is JV'ing with MILA for LITHIUM EXPLORATION = any drilling done before Mila acquired the licence E36/876 @30% initially will be of interest for what was said about lithium potential etc on the said licence. That is why it is important to READ the MILA PROSPECTUS ON LISTING IN LONDON in 2021 and the COMPETENT PERSONS REPORT to see what is stated about LITHIUM etc. -----I will be trying to chase the DRILLING REPORT BY TRANS PACIFIC ENERGY GROUP LTD but so far I have not managed to get it although I would think it has to be lodged at the AUSTRALIAN GOVT MINING DEPT as norm. Why? Red Dirt ASX listed bought MT IDA MINE. During the due diligence , they found LITHIUM in the old cores and later they had a mineral resource done. Red Dirt is now named DELTA LITHIUM, Mkt Cap A$461million. Delta Lithium has now discovered MORE LITHIUM near their Mt Ida mine in Western Australia and this is now a hot lithium corridor. Gina Rhinehart then JV into Mt Mason, next to Mt Ida also looking for lithium. LIONTOWN also JV into OLYMPIO who has a licence in the area. This was stated in the Liontown Qtr Report just out wherein they mentioned Mila JV with them also at Kathleen Valley E36/876. -------SO, GIVEN LIONTOWN JV'ed INTO MILA FOR E36/876, I would guess they are entitled to look at the CORES of the drilling for the 12 holes done by Trans Pacific Energy Group Ltd OR get the drilling report from the Australian Govt Mining Dept because all drilling reports must be lodged.-- MILA RNS, 27.7.23 : Not only Mila, 50% owner of E36/876 Kathleen Valley had to sign with Liontown but also Trans Pacific Energy Group [TPE] & NGM Ltd, who are the other 50% owner. It was done by a DEED AMENDMENT and titled so in the Mila RNS,27.7.23.--- Its rather complex the structure ownership. |
Posted at 29/7/2023 11:29 by jlondon ---------Hotcopper: Thread: News: LTR Mila signs agreement to explore for lithium.--Discussion now: 29.7.23 [1] One poster named Eddard Stark: HaHa, yeah of course, I was REALLY HOPING TO FIND DRILL RESULTS. I emailed each co and asked IF THEY HAVE ANY DRILL RESULTS that were tested for LITHIUM..." [This poster emailed 3 co, inc Mila. He also checked MINDEX. My Comment: Liontown posters dont know much about Mila. So, they are now busy searching hoping to FIND DRILL RESULTS FOR LITHIUM BEFORE THE CROWD. LoL --I did know that Mila NEVER DRILLED for lithium. That is from the Mila listing documents and Competent Person's Report. [2] Edward Stark in another post, also today, FOUND A LICENCE MAP for Mila and it shows E36/876 is only for gold. [My Comment: I have already checked from another map and found only gold explored for at Mila.] [3] Trayon Ranger, also just posted and showed that Liontown ACQUIRED BULDANIA from Westgold Resources in 2019 and this poster commented "I remember early on we bought the gold licence off someone SO AS NOT TO BE HINDERED IN THE FUTURE. A L A S , IT WAS NOT AT KV. [emoji]" My Comment: Liontown owns BULDANIA in West Australia but that is rather far off. LoL, given that Mila has stirred their GREAT INTEREST now at Kathleen Valley @Mila, did they think that MILA would SELL THE LICENCE for the lithium potential? HaHa-surely Mila knows a thing or two about Geo101? ------Yes, after hearing from Mark Stephenson, CEO of Mila ie his two interviews, Mr Stephenson was 100% right in that they are NOW CHASING data. LoL. Of course, a mkt cap of £5m shell like mkt cap vs A$5.5 billion Liontown and if as said, there is another lithium swarm found or swarms...well that is the dream isnt it? |
Posted at 29/7/2023 08:56 by jlondon -----My Conclusion----------Re: Olympio & Liontown JV for lithium: That is another part of Western Australia but 1,100 samples have been collected & sent to the Perth lab and results will take a while. So, that is the 1st step. I am watching Olympio to see how Liontown's Geo's operate ie how they carry out their technical process. Re: Mila Resources Mila's CEO has come out with quite a fair bit in the last few days since the JV with Liontown. What he said in the two interviews with Proactive and Zak was of interest. But what Mr Stephenson stated in the Mila RNS of 27 July 2023 was quite stunning and more so whoever tweeted it at Liontown yesterday, 28.7.23. Mila's mkt cap is £5m+ and these days, any co coming to AIM can only gain a LISTING if the mkt cap starts from a MINIMUM OF £6M . So, like many of the co's, the drilling will be the determinant. In the case of Evergreen, they have a licence next to Core Lithium in the Northern Territory. Under KNDC part ownership, they did do grid sampling. But now spun out, Evergreen [lithium] is doing an ANT survey which is what Core did to identify DEEPER targets as not everything is entirely surface outcropping. So, in theory, its the Geo's hypothesis and experience. So, what Mr Stephenson knows or hears etc, one is not sure from the other side. If one looks at Core Lithium, their deposit consists of several clusters but one is bigger. So, at Liontown, Kathleen Valley is the bigger deposit and Mt Mann the smaller one but they have proven it is ONE OREBODY below 600m. From the satellite pics on Hotcopper LTR seen, it seems close ie Liontown drilling to the MILA BORDER but how close, one is not sure. However, Mila's CEO stated 2km to Liontown. Suffice to say, if what Mr Stephenson stated in his RNS of 27.7.23 announcing the JV with Liontown is taken at face value, then put together with his Zak interview, yes, it would appear that "it is material to them ie Liontown" in so far, that once they get production going in 2024, they are taking the next step to LOOK FOR A CONTINUATION of the deposit or cluster close to them. That is what Core Lithium is also doing and that is also text book but whether they find it, that time will tell. As for what Mr Stephenson said in the Zak interview is of interest, in that once Liontown talks about us ie Mila, then their Aussie shareholders will come onboard as he stated: "WHAT THIS COULD POTENTIALLY MEAN." That remains to be seen and at £5m mkt cap which is entry level, even another Mt Mann will be of interest but should it turn out to be another Kathleen Valley, then of course that is the dream. The total deposit is 154Mt [Kathleen Valley + Mt Mann @Liontown.] Last night, Sigma has appointed an American investment bank to start communication with bidders for their lithium. Sigma has just started production from Brazil for their lithium. Their share price jumped over 8% and their cap was C$5.5bn. DYOR. J.London, Sat 29 July 2023 [Mila 1.65p , Mkt cap: £5.5 million] I am not privy to further info. I have tried to find the listing document from Mila about the lithium and I have posted the info. I have also obtained the Competent Report on Mila and there is more on the lithium. The Competent Report stated that Jubilee in 1998 and 2000 took samples and gave the results. Then, Mt Mann @Liontown later did find lithium. So, the Competent Report gives a background to this. Personally, I would like to go out to the Mila 2.7km 2 licence to see if there are outcroppings etc or aerial survey. For clarity, Jubilee did the sampling on the Liontown licence that is close to Mila' licence but how far one is not told but it is quoted from an academic work. In the case of Rockhopper, they also did a survey by drone. |
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