Mila Resources Share Discussion Threads

[arcadian] 31/7/2023 09:36

J London

Thank you for your interest and all your efforts/sharing.

[jlondon] 30/7/2023 20:01

--------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 --

[fouscais] 30/7/2023 19:39

Slight correction. Mila are 30% owners , TPE/NGM are 50% , MMC (previously Metal Rocks) 20%.

[jlondon] 30/7/2023 14:02

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.

[red army] 30/7/2023 12:37

That doesn't mean he can magic the resources up.

[jlondon] 29/7/2023 21:52

Kindly read Hotcopper LTD for the thread of the JV of Mila with Liontown for
balance.

hxxps://hotcopper.com.au/asx/ltr/ There are new posts today, 29.7.23.

---And remember, in exploration, the DRILL PROVES the potential or not
in the finality.---- I do not have the report ,mapping etc which Liontown obtained when they bought into Mt Mann , Kathleen Valley from Ramelius in 2016.

Mila's E36/876 is 200-300m across the border per the Jubilee assay results from the Liontown licence at Mr Mann -and Kathleen's Corner later. Have a read.

[finctastic] 29/7/2023 21:06

Good work jlondon. Thanks

[jlondon] 29/7/2023 20:50

-------Research has ended.------
Sorry it took round the houses.
Why? I had to peel the geology data like an onion ie one lead to further reports etc.

Everything that is in the public domain is now posted as much as I can
find short of finding the geo reports that lead Liontown to buy Kathleen Valley from Ramelius in 2016 + previous mapping. J.London Sat, 29 July 2023 [Mila Mkt Cap £5.5Million. JV Mila >Liontown Resources, Oz RNS, 27 July 2023 @1.65p.

[jlondon] 29/7/2023 19:23

Mila is not selling 100% of the rights to Liontown.
Ramelius sold 100% of the lithium/tantalum rights for 25 million shares of Liontown in 2016.

What Ramelius did to the Liontown shares, I have to find out if I have time. In Aug 2016, Liontown 's shares were in the Australian 20c range.

If one looks at the 25m shares, Liontown's share price couldnt be that high.
If Ramelius held on to the 25m shares of Liontown today, it must be worth a lot since 1,000 shares of Liontown is worth A$2.75, Mkt Cap $6.05 Billion.

Ramelius Resources on the ASX has a mkt cap of A$1.25 bn @A$1.27. [28,7,23]

--In 2014, Ramelius bought Kathleen Valley from XSTRATA .

[jlondon] 29/7/2023 16:36

The TECHNICAL REPORT FOR KATHLEEN VALLEY by MBS has been found.
It gives all the details of Kathleen's Corner & Mt Mann @Liontown and one can understand better as details are given. It is now on Hotcopper Liontown , same thread of Mila JV with Liontown. Sat, 29 July 2023

[jlondon] 29/7/2023 15:23

Go to HC Ltr and read the latest as to how close Kathleen Corner & Mt Mann
resource is and what Liontown said about OPEN at strike and at depth.

Also, how the Jubilee 4 samples ie rock with assay grades were to the border with Mila's E36/876 IE 200-300M .

The ANN from Liontown of 2018 has been found. Have a look as there is more data. Too much to repeat.

In the post above, giving the CSA Report on Mila, read the part of the Jubilee Metals 4 sample assays as above. Also, see FIG 12 of the Mila licence with the words in pink: "LI PEGMATITES."

If someone can post the whole part, it would be appreciated.

===NOT SURE WHY AFTER JUBILEE'S 200-300M SAMPLE ROCK ASSAYS WERE CITED FROM THE CSA COMPETENT REPORT ON MILA VS KATHLEEN CORNER -MT MANN 'S MINERAL RESOURCE WAS DECLARED IN 2018 BY LIONTOWN >>>SHOWING HOW CLOSE KC & MT MANN IS AND WHAT LIONTOWN STATED ABOUT OPEN AT STRIKE AND AT DEPTH, THE WHOLE HOTCOPPER FORUM
HAS GONE DEAD SILENT.

MAYBE, THEY HAVE FAINTED? Why? It must be crossing every mind on HC Liontown that with the Jubilee Metals 1998/2000 4 rock samples with assay results of lithium vs Liontown's Mineral Resource of 21Mt @1.4% Li20 with 0.5% cut-off, at KATHLEEN CORNER & MT MANN and with Liontown stating it is OPEN at STRIKE AND AT DEPTH , then with Mils'a licence next door as seen by the map from Liontown, the question is : DOES THE KATHLEEN CORNER & MT MANN lithium resource C O N T I N U E to Mila's Licence E36/876 ? Ah, that is the question and I dont have the GEO STRIKE DATA and isnt that why Liontown is JV'ing into Mila for that potential to be TESTED by rock samples and drilling?

Time will tell and each one to decide.

[tryharderr] 29/7/2023 14:43

Recent lithium exploration work by ASX listed explorer Liontown Resources (ASX:LTR) at Kathleen's Corner and Mount Mann, immediately north of E36/876, has identified a lithium Mineral Resource estimate of 21 Mt at 1.4% Li,0 and 170 ppm Ta,0s, at a 0.5% Li,O cut off, in spodumene-bearing pegmatites (Figure 12 = LTR ASX announcement, 4 September 2018).

The source granite of this pegmatite field is yet to be determined; however, the large granite batholith to the northwest and west of the Liontown Resources and Mila projects comprises pegmatitic monzogranite, a type of granite that is proving to be related to lithium deposits elsewhere in Western Australia. Due to thermodynamic constraints on mineralisation related to pegmatites around such granite masses, lithium- bearing minerals form within pegmatites within a well-defined radius of the source granite. The situation of the pegmatites at Kathleen Valley in relation to this monzogranite is comparable to those of the lithium mineralised pegmatites mentioned above and is encouraging for exploration. Although the only three samples analysed to date evidence lepidolite as the main lithium host within the project pegmatites (grades up to 3.41% Li,0), and no spodumene has been observed to date, CSA Global believes the project still has good potential for hosting spodumene (lithium) bearing pegmatites.

[jlondon] 29/7/2023 13:38

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.

[the count of monte_cristo] 29/7/2023 13:30

Thanks for sharing, JLondon.

[jlondon] 29/7/2023 13:22

-----On Hotcopper, same thread as above: JV Mila>Liontown today, 29.7.23--
From the CSA Global Competent Report on Mila in 2021,
the data shows it got as CLOSE AS 200-300M from the boundary to Mila's licence E36/876.

You can read it on HC now ie latest post.

hxxps://hotcopper.com/asx/ltr/

So, everyone is chasing the data now LoL.

[jlondon] 29/7/2023 12:29

---------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?

[jlondon] 29/7/2023 12:05

---------Hotcopper LTD [Liontown] on Mila JV----------
"Drumom 28.7.23 : Thread: Ann:June 2023 Qtr Activities & Cashflow Report."


All very intriguing , OLY & now MILA and more to be added as KV as still OPEN.
Have enough for approx 30 years & with future alternate green moving tech a possibility replacing Li it makes one wonder what the end game will be and why.

Obviously, if MILA is STRONG & easily extractable then being real CLOSE
we could DOUBLE the plant size over the next 3-5 years as we have all the infrastructure in place and EXPLODE OUR NPAT $$$.

Really getting interesting now."

My Comment: The above is from an Aussie.
KV stands for Kathleen Valley @Liontown lithium which consists of KV & Mt Mann [2 swarms].

As for OLY, that is Olympio and that is a DIFFERENT PART of Western Australia.

"OPEN" = this is from the Liontown data =not ended yet ie mineralisation.

hxxps://hotcopper.com/asx/ltr/

[jlondon] 29/7/2023 11:37

"Core Exploration Ltd Discovers New Large Scale Pegmatites targets at
Finniss Lithium Project."-18 Oct 2016

"is pleased to report it has discovered an ADDITIONAL large pegmatite SWARM
at Finnish, N.T, Australia.

2,000m long x 800m wide - multiple pegs at Ringwood. Ringwood is located
between FINNISS & Liontown's Sandra.

CORE WORK CONFIRMS that the co's Finniss project hosts multiple pegs COMPARABLE TO WESTERN AUSTRALIA.

Ringwood pegmatite swarms PRESENTS as pegmatite and QUARTZ OUTCROP & float extends 2,000m x 800m.

Ringwood is positioned within a 6,000m LONG TREND. Most pegmatites occurences at Ringwood are POORLY EXPOSED AT SURFACE as either sub cropping or float material.
WEATHERED PEGS at surface is dominated by resident quartz, muscovite and tourmaline SIMILAR TO THAT SEEN at SURFACE AT G R A N T S & B P 33 WHERE
DRILLING HAS INTERSECTED HIGH GRADE SPOD MINERALISATION.

More readily weathered FELDSPAR and spod mineralisation is SELDOM OBSERVED IN O U T C R O P, although are INTERPRETED likely to be present at D E P T H based on Core's recent drilling at Finniss.

The IRREGULAR SURFACE exposures makes it initially difficult to understand the SHAPE & GEO of these pegs and it is possible these pegs are either FLAT LYING SILLS
OR POSSIBLY the margins of more GRANITE -STYLE BODIES.

The Brynoe field is 15-20km wide belt...stretches 75km south from Port Darwin & is one of the most prospective areas for lithium in the Northern Terrritory.

---Comment: I provide some backup as to what I said. As said, if Liontown JV'ed into the Mila licence, at the very least, they would have been able to have
visited and from experience, they would have come to some observations based on historical and from their own acreage at Kathleen Valley and Mt Mann [2 swarms], Western Australia.

So, as I said, that is the theory of lithium and Core gives a very good 101. Enjoy.
I will be watching from Liontown as they will be doing the work at Mila's licence for lithium exploration etc.

It is also helpful they have agreed to share the info with Mila relating to gold if any. Since they will drill, cores will be sent to the lab and so asking to look out for gold. DYOR, J.London, Sat, 29 July 2023

[thelung] 29/7/2023 10:36

Well it has every chance if it realises potential ?Right now, we need assays to get Coffey back on track and the report on the deeps to warrant further exploration.

[jlondon] 29/7/2023 09:56

-----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.

[axonic] 29/7/2023 08:46

I hope not as this has huge potential now but LTR does have fairly deep pockets.