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MILA Mila Resources Plc

0.60
0.00 (0.00%)
Last Updated: 07:30:49
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Mila Resources Plc MILA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.60 07:30:49
Open Price Low Price High Price Close Price Previous Close
0.60 0.60 0.60 0.60
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Industry Sector
MINING

Mila Resources MILA Dividends History

No dividends issued between 25 Apr 2014 and 25 Apr 2024

Top Dividend Posts

Top Posts
Posted at 07/4/2024 11:29 by the count of monte_cristo
The loser on the other board is all upset because she has got EST all wrong, lovely rise there, so now spending time complaining about MILA. Sad really.
Posted at 03/4/2024 10:44 by the count of monte_cristo
My stalker on the other bb was wrong about EEE....MILA the next one to rerate?

MILA are wedged between BGL and LTR, two of the top 20 largest mining stocks listed o the ASX.
Posted at 15/1/2024 13:14 by the count of monte_cristo
Market cap of 4m, half the share price in cash now.

Outlook

Mila is now in the most solid position of its brief life since we listed in November 2021. This of course assumes that the shareholders vote in favour of the £2m fund raise on the 8th of November.

We have a clear strategy and are well capitalised to deliver the strategy to fruition. We expect the next 12 months to be highly active on both a corporate and asset level as we continue to assess business development opportunities and how to deliver value from both the gold and lithium at our project.

Whilst the financial period has proven to be difficult for junior mining companies given the challenges in the capital markets, we now look forward to building Mila from the opportunities that present themselves from such circumstances. Ultimately, Mila will continue to be highly entrepreneurial, and I would like to take this opportunity to thank our existing shareholders, and those new to our register, as we look forward with excitement and confidence, to a period of increased activity in the forthcoming financial year.
Posted at 30/7/2023 20:01 by jlondon
--------On Twitter: MikeN, 27 July 2023 on Mila------

"Liontown have a £3.2 bn mkt cap and have 20 mineralised pegmatites
at Kathleen Valley hosed by TWO, outcropping NORTH WEST /South East trending
swarms- a shallowly dipping north eastern swarm and a steeper dipping southern west swarm.

The TWO SWARMS are interpreted to MERGE AT DEPTH to form ONE SINGLE, thick
moderately dipping MINERALISED BODY which remains OPEN -down dip and along STRIKE.

It seems obvious to me that there is belief within LIONTOWN that the SOUTH WESTERN SWARM
>>>extends into MILA 's acreage."

"See the location of Mila's acreage project on this map from the Liontown website.
Whilst Liontown are far more advanced----even if Mila had O N E pegmatite within their average
and using crude maths, there is huge upside on the LITHIUM and gold."

Link: 27.7.23

My Comment:
Liontown's Kathleen Valley has a STRIKE OF 1.7KM x 600m DEPTH.
Link: hxxps://www.ltrresources.com.au/project/kathleen-valley/

So, that is the simple version of the data. As for the Twitter MikeN, his view as above
is rather obvious otherwise Liontown would not have JV into Mila's Kathleen Valley E36/876 licence which is close to their border.

A/c to Mark Stephenson, CEO of Mila in his interview with Zak, he said "THEIR GEOS THINK THERE IS POTENTIAL."

---------So, that is the long and short version.------------DYOR, Sun, 30.7.23 --
Posted at 30/7/2023 14:02 by jlondon
red army
If 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.miningjournal.com/capital-markets/news/1402595/bellevue-neighbour-looks-to-london-for-listing
"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."----OFFICIAL VALUATION REPORT on listing: "Exploration Asset E36/876 :£15 million." Link: hxxps://www.milaresources.com/lastestdocuments

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.milaresources.com [Kathleen Valley E36/876 licence.]

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 13:38 by jlondon
200-300m TO THE BOUNDARY OF MILA'S E36/876 is as close as one can get re: rock chips.
Ref: CSA Global Competent Report 2021 on Mila as above.

200-300m is like the drill spacing of say 50m , 100, 200m.

Also, the GRADIENT is mentioned by CSA.

Mark Stephenson , CEO of Mila stated in his interviews, 2km from
the Liontown boundary.

--However, from the satellite pics, from what one can see, it looks like
DRILL COLLARS so that may be the LIONTOWN drilling of their Kathleen's Corner or Mt Mann, I am not sure which again is CLOSE to the Mila boundary , shown in yellow box.---

To see the pics, it is on Hotcopper, same thread as the JV Mila -Liontown discussion.

That is of course intriguing -LoL---why did they try to get so close to Mila's licence via Jubilee and Liontown?

As for the gold, VTEM etc were flown over and if one is interested, have a look at the CSA Global Competent Report 2021 on Mila. I am not interested in the gold.

170 pages to read thru.

--P.S. In case people wonder where I am. I usually post a lot as I find the research.
Once I get to grips with the data, I can relax and wait for the RNS's etc to match with the
research data. Then , I watch from the sidelines. J.London Sat 29.7.23

LoL, £5.5m mkt cap for Mila -as sure as human nature is concerned, Mark Stephenson is correct in his interview with Zak. The Mila JV RNS with Liontown was 27.7.23 and now the Aussies cant think of anything else but Mila's Licence JV with Liontown.
Posted at 29/7/2023 12:29 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 09:56 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.
Posted at 28/7/2023 21:26 by jlondon
Liontown JV'ed into Olympio's licence in Western Australia in the Delta Lithium Mt Ida region [hot lithium corridor.]

On the JV news in Apr 2023 Olympio's share jumped up 69%.

Liontown's Geo's have collected hundreds of samples [all taken in grids] and sent it to the ALS lab in Perth and results expected in the Sep Qtr.

The results are going to prove very interesting indeed as to how their geo
evaluation has turned out in the assays.

--
I listened to the interview of the Olympio CEO but he didnt say the sort of
things that the CEO of Mila stated in the Zak interview of 27.7.23.

I have found a few stocks that have clear data but in this case of Mila,
the mkt cap is very entry level and therefore from Mila's CEO, my perception of what he is saying is that after Liontown talks about us ie Mila's JV, their Aussie shareholders will want to buy into Mila given "WHAT THIS COULD POTENTIALLY MEAN".

It is also puzzling why Liontown has NOT yet RNS/ANN the JV with Mila except to tweet about it and use Mila's RNS?

Lastly, "MATERIAL TO THEM" as in material to Liontown ? It would take a big
discovery would it not to be MATERIAL to Liontown?

This is one of the most puzzling data to unravel. As far, as I know, spodumene pegmatites have outcrops in places and Evergreen is using Core Lithium ANT tech to locate deeper lithium.

So, how does the CEO of Mila know to state in MILA'S RNS, 27.7.23:
"IN REJECTING THE ALBERMARLE APPROACH, Liontown asserted its belief that the BID
SUBSTANTIALLY UNDERVALUED LIONTOWN
highlighting the SIGNIFICANT C O M M E R C I A L VALUE of the lithium mineralisation POTENTIAL ON OUR DOOR - S T E P."!!! Albermarle offered A$5.5bn for Liontown.
Posted at 28/7/2023 14:32 by jlondon
Liontown has not yet RNS'ed the Liontown JV with Mila Resources yet.

However, Liontown has just TWEETED , 5 hrs ago:

"$LTR has agreed terms with @MilaResources to acquire up to 80% of the lithium rights
under an exploration licence approximately 8km south of Kathleen Valley.
Find out more: bit.ly/3Oy6h5l ." [Screen shot also of the LTR logo and JV]

When one clicks on to the find out more, it takes one to the MILA RESOURCES , 27.7.23 RNS stating:

"Mark Stephenson commented:
...most recently evidenced by a proposed A$5.5 bn bid for Liontown by Albermarle Corp, 1 of the largest lithium producer in the world.

In rejecting the Albermarle approach, Liontown asserted its belief that the bid substantially undervalued Liontown, HIGHLIGHTING the SIGNIFICANT
COMMERCIAL VALUE of the LITHIUM MINERALISATION potential ON OUR D O O R S T E P."

Comment:
Stunning. I checked on Mila Resources Twitter and found that Mila themselves had also RE-TWEETED LIONTOWN'S tweet of today, Fri, 28 July 2023, 5 hrs ago.
[see the re-tweet on top of their timeline]
[Liontown 28.7.23]

Stunning that Liontown themselves now tweet about the JV with Mila but quote Mila's RNS of yesterday, 27.7.23 and what Mila's CEO stated above and the reason why
the bid by Albermarle was REJECTED by Liontown due to lithium potential on "OUR DOORSTEP." Our , as in Mila's E36/...licence.

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