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MILA Mila Resources Plc

0.825
0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mila Resources Plc LSE:MILA London Ordinary Share GB00BD4FCK53 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.825 1,387,856 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85 0.825 0.825 0.825
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec -549k -0.0010 -8.20 4.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:29:09 O 65,143 0.834 GBX

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Date Time Title Posts
20/11/202318:35MILA RESOURCES PLC3,454
08/11/202314:39Mila Resources - Main Market Investment Shell616
27/6/202319:44MILA in the dog house34
25/4/202213:03Mila Resources exploration accelerator 2022 and beyond2

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Posted at 02/12/2023 08:20 by Mila Resources Daily Update
Mila Resources Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker MILA. The last closing price for Mila Resources was 0.83p.
Mila Resources currently has 526,817,108 shares in issue. The market capitalisation of Mila Resources is £4,319,900.
Mila Resources has a price to earnings ratio (PE ratio) of -8.20.
This morning MILA shares opened at 0.83p
Posted at 30/7/2023 13:02 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 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.
Posted at 03/4/2023 12:51 by papillon
Wow! MILA share price currently up 44%. I wonder why? Somethings a foot and it's not 12 inches! 🤣 🤣
Posted at 03/4/2023 12:48 by papillon
Wow! MILA share price currently up 44%. Somethings a foot and it's not 12 inches! 🤣 🤣
Posted at 05/1/2023 15:48 by papillon
The MILA share price is probably bottoming around 0.85P. I'm still keen on gold, though I'm sticking with the likes of GPM, CMCL, ALTN & AAZ. Small gold producers are the safer, though still exciting, option.
Posted at 15/11/2022 18:30 by papillon
👍 purchaseatthetop. Is MILA over? Possibly. However it looks like it's definitely over until the next drilling results are issued.
Charts? They are factual historical records. You can use them in attempting to predict the future, but you are only using probability theory. Even the most reliable chart patterns only have a circa 70% chance of being accurate predictors of the future. Charts highlight current investor sentiment, but obviously news drives share prices. The bad news this morning definitely drove the MILA share price down! 😁 I gambled that the results would be good, but they weren't! Sods law! Luckily I acted quickly and got out at circa 2.2p. Obviously there are some who bet big and didn't get out quickly and have lost a lot of money.
Posted at 10/11/2022 14:19 by papillon
A combination of a rising gold price and very good assay results and the MILA share price will spike up. We have the rising gold price so all we need now is the very good assay results! 🤞
Posted at 04/11/2022 14:29 by papillon
Good assay results and the MILA share price could take off, especially since gold & silver are on the up.
Posted at 23/10/2022 18:57 by papillon
free stock charts from uk.advfn.com


Gold price chart. Could we be seeing the start of a bullish double bottom forming on the gold price chart? If it does form then $1800 could be a likely short term price target.

I'm betting on MILA because, rightly or wrongly, I'm of the opinion that the gold price will, hopefully, soon start to resume it's long term uptrend. I'm betting on the MILA share price performing as a geared play on the gold price similar to the performance of the MARL share price circa 14 to 10 years ago as the gold price rose.
Posted at 22/10/2022 10:52 by papillon
So, the WSBN share price rose 24.24% on the back of that bullish twitter post. I wonder how far the MILA share price will rise following bullish assay results? I'm optimistic, especially as the gold and silver prices rose yesterday on the back of hopes that the US Federal Reserve will soon stop their aggressive interest rate hikes.
Mila Resources share price data is direct from the London Stock Exchange

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