Mila Resources Share Discussion Threads

[papillon] 01/8/2023 15:21

jlondon? Filtered. He posts far too much.

[red army] 01/8/2023 12:41

Its pretty pointless running over old ground and justifying location and JV etc.
The bottom line is that this process requires validation in order for the share price to rise. That process is underway without any conclusion AS YET.

[thelung] 01/8/2023 12:31

No Lenigas tentacles here

[arcadian] 01/8/2023 11:46

JL Me thinks you are too sensitive and need a thicker skin as we all form and express our thoughts.

Do keep researching and sharing. I`m sure we all benefit from variety of "fact" and opinion.

[jlondon] 01/8/2023 10:54

May I kindly clarify as to my last few posts as above.
It was stated that it was of no use posting about other early JV's for lithium.

It was posed to me and for that reason I replied. 2 points here: [1] If in a real
live trading situation, like Millionaire Traders [London], real money is being made or lost to the tune of £50,000 by the group. So, there is no choice but to drop those who have run a losing book and let the few left to try to recover the lost funds. One of the reasons is that many lacked experience & knowledge.

Here, at Mila, the co has just done a JV with Liontown, a $6bn co on the ASX to hunt for lithium next door. So, it will be nearology.

Mila has a mkt cap of £5m. Nothing much can be found on the lithium on the Mila licence ie DRILLING, hence why Mila states "untested" technically.
So, to many, it could be considered WILD CATTING as in oil. However, for minerals,
it is less daunting as there are tests for anomalies.

Why not look for other less early stage co? Yes, one can but the market cap at £5m is much higher. So, that has to be made known.

So, if one knows more about lithium exploration, it will be akin to the Millionaire Traders whose difference between success & failure is down to an extent on knowledge [and experience].

Many here have invested in junior miners before and I have seen their names here.
Others not so. As for the LSE side, others want to know but no one is giving out info. Once the info is posted, there is NO more need to do so, hence why no more is being posted. Hope that clarifies. Most important is to kindly post any info or view and that will be held to the FINAL LITMUS test of real money. Thank you. J.London, 1 Aug 2023.

For clarity, there are many THREADS here, so I could have posted on other threads or created one. So, everyone can post their own style be it charts etc or 1 line view.

maty above has kindly asked a question. So, kindly reply as I have finished as much as I can find for the moment and I will be doing the rest privately since it is not appreciated --given the chance or probability of success will rest on the cores and the chance of other fields comparitives. Look at many other co's, the Geo's themselves postulate that it could be akin to geo of say, Norilsk for nickel, say for example.

[maty] 01/8/2023 10:30

Is this a lenigas company ?

[axonic] 01/8/2023 06:02

To the actual investors on here it looks to me like this JLondon character is on a mission to post so much useless information, (not research), so that any really interesting posts get missed. Also clogging up the LSE board.

I've filtered and suggest you all do the same. DYOR

[jlondon] 31/7/2023 22:32

I am not here for the gold.
I am here for the lithium.
Mila has a mkt cap of £5m.
For the lithium , it is very early without any results, so building one's hypothesis is up to everyone's decision/view.

Without any data to build into one's hypothesis, its jumping in blind.
Let's say, one has a more educated view if one has data to input.

Even then, there is always risk.

For this reason, all AIM co's are not investments but rather termed in many cases, speculative ie stocks can go up and down. Hence, does NOT SUIT everyone.

So, I dont want anyone getting in but rather to get data to evaluate oneself.

J.London 31.7.23 Mkt Cap £5m @1.4p+

----

[jlondon] 31/7/2023 21:51

Without examples, there can be NO guide: to latest technology eg deep sensing radar for deep imaging.

16km of the licence area for Riversgold means that without the latest tech, one would have to spend money drilling holes that are costly. This helps.
So, Geo's cant "magic" the resource as you said, but they can use the known tech.

This is no longer like the old time prospecting of poking wild cats ie poke here and there.

All these co's have reasonable mkt caps so one wants to see if MILA>LIONTOWN terms are comparable.

It is also helpful to know a lot of the miners like Rio are after LITHIUM in W.Australia.

So, it shows that this is the prime state for lithium chasers.

People like Casey are legendary and Novo's mkt cap is also large.

These are CALLED BENCH-MARKS --SP Angel does not comment on 1 co but rather they will compare it to several co's in that sector.

Its called PEER SECTOR analaysis because nothing exists on its own.

There is no doubt that Liontown is looking to ADDITIONAL prospects NEAR KATCHLEEN'S CORNER & MT MANN, near Mila's licence.

---If one does not look at other co's, one does not know how the composition of lepidolite >spod is.

It gives a more whole picture to get an idea --it is not pure lottery.

Say, one has some money--one wants to peg land in Western Australia. How does one go about it. The more one knows, the better about the characteristics, signs, rocks, indicators and where it is, outcropping etc. Some licences can cost A$50,000 eg the Winu [Rio] licence near Havieron. It was said that the geos could not wait to get back to HQ in Perth etc. So, they had to get together with their credit cards and quickly peg for the co. Waiting means someone could get it.

One's bank cant stand pegging all over and they are duds.

So, between dud and non-dud depends on experience, knowledge, tech etc.

Hope that helps.

That helped us at Havieron before the crowd twigs. The general crowd does not
twig generally in the early stages.

I am not a Geo and that is why I have to continue to update. People like Sprott have teams to look at ALL results coming out and they can act BEFORE the crowd realises how to interpret etc.

All general info.

[red army] 31/7/2023 21:35

I am not sure any of these statements are useful.

[jlondon] 31/7/2023 21:03

---^^^RIVERSGOLD intersects lithium rich pegmatites in Maiden Drilling at Tambourah."-Proactive Investors.com.au, 3.11.22

"20% holes drilled out of 16km, Chairman David Lenigas said.

NARROW SUFACE L E P I D O LI T E had been mapped."

Lepidolite are the margins and spodumene in the middle within a 13m pegmatite.
They used DEEP GROUND PENETRATING RADAR [DGPR.]
---
Comment: As I said the new tech is one that can get into the deeper parts.
Tambourah is also near Marble Bar side of Western Australia.

[jlondon] 31/7/2023 20:44

"--- //SPEARHILL emerges as a significant lithium discovery
with pegmatites now stretching OVER 4.3KM."--6 June 2022, Calidus Ann.

"Outcropping pegmatites now established over a STRIKE of 4.3km. A batch of 30 rock chips yielded grades UP to 2.38% Li2o.

Plans to demerge PIRRA & undertake IPO in 2022."

"The samples were collected from 3 exposed pegmatites and AREAS OF MUSCOVITE &
L E P I D O LI T E alteration OVER 1.7KM of S T R I K E."

---"THE MAIN L I T H I U M-bearing minerals appears to be L E P I D O L I T E
or muscovite."

Comment: Spearhill is owned by Pirra. Spearhill is nearer to Marble Bar, Western Australia and nearer the other lithium deposits like WODGINA & PILGANGOORA [Pilbara Minerals].

Calidus feels it is better to demerge as there is more value in a pure lithium play.

If anyone is in contact or can contact or can speak to the CEO of Mira, it would be helpful for him to gives us some insight of general lithium 101 as to how Spear Hill having LEPIDOLITE [or muscovite in other parts] is OK as lithium?
Why? Cos Mila's Kathleen Valley is said to have LEPIDOLITE.

At Speak Hill, there is NO SPODUMENE/lithium.? Thanks. To read, call up the title to check. J.London, 31 July 2023

[jlondon] 31/7/2023 16:11

---"NOVO Resources: JV Partner Latham outlines LITHIUM exploration."-Junior Mining Network, 23.23

Re: Quartz Hill, Mosquito Creek Basin of Western Australia.
Novo will retain 20%.

Liatam Board agreed aggressive $4m exploration budget for 2023.


Previous exploration by NOVO & CREASY Group identified numerous LEPIDOITE-rich PEGMATITE SWARMS requiring systematic, & detailed geo mapping and sampling.
Ulta detailed A E R I A L photography & HYERSPECTRAL data support the propectivity for LCT pegmatite formation.

SOIL SAMPLING commenced in Mar 2023...XRF will be used for rapid FIELD data collection.

Heritage & ethnographic surveys are expected to occur in mid-2023 when DRILLING
is expected to commenced in Q4 2023 to test high -priority targets [soil & geo mapping results ] undertake in the 1st half of 2023.

My Comment: Back up of what I said. But in the case of Mila, they have 2 surveys per the Competent Persons Report and mapping done from Fig 12?
Anyhow, just to give an idea and backup of what I said in general.

So, Novo/Creasy's licence is like Mila's ie lepidiote.

[jlondon] 31/7/2023 15:57

----"SenOre & Gateway Mining strike $4.5m JV agreement to explore for lithium in Western Australia."-Proactive Investors, 5 May 2023.

Fund up to $4.5m over a 4-5 yr period to earn 80% in the lithium rights
at the Montague Gold Project , Murchison region, Western Australia.

SenOre gets to keep retains rights to precious metals and base metals.

[jlondon] 31/7/2023 15:52

--------RIO HUNTING FOR LITHIUM IN WEST AUSTRALIA.----

"Rio hunts for lithium in the outback."-AFR, 11 July 2023.

"On Tues, Everest Metals told investors that RIO will commence drilling..."
Rio Exploration signed a binding term sheet with Everest in Mar 2021 where they paid A$25,000 to the junior explorer for exclusive exploration for 6 mths for non-gold minerals. Then, Oct 2022, Rio took a 80% interest and shelled out $5m for further exploration.

"Mr Shausholm, said after RIO General Meeting in May in Perth--THE MINER WAS IN THE MARKET FOR LITHIUM ASSETS..."

Comment: A backup of what I said about majors are interested in JV for lithium exploration etc.

[the count of monte_cristo] 31/7/2023 14:44

A little dissapointing to see the gains given up, but, we have the drilling news on the gold due soon and we mustn't forget our license is contiguous to Bellevue's. Plus, in due course we will start to get news flow on Liontowns exploration work. A positive gold rns could rerate this significantly.

[jlondon] 31/7/2023 14:21

In the Mila RNS of 27.7.23, it was stated that "Through this agreement with LIONTOWN, we will see EXPLORATION UNDER-WAY at this area of the licence...SUPPLEMENTARY dev. work on Heritage surveys."

We, investors have to go to HC Liontown to see the Ann there because that is past mid-night in the UK. Usually, the London market will then RNS it the next day due to the time zone difference.

Everything is now down to Liontown as they are paying for everything.

[shortcpx] 31/7/2023 13:54

Spreadex spivs dumping on news it seems. Back down it goes ..

[divmad] 31/7/2023 13:52

Realistically, how long before Liontown can get a drilling crew on Mila's land?Heritage surveys?Geological surveying?

[arcadian] 31/7/2023 11:32

Thanks for that. Solgold= a definite possibililty of a firm maybe-- given a few decades of course.

You have forgotten more than I will ever know. Good luck- ten thousand hours and all that