Mila Resources Plc (LSE: MILA), the post-discovery gold exploration accelerator, is focussed on rapidly expanding and advancing the Kathleen Valley Gold Project in Western Australia into production in order to deliver high value accretive development opportunities to investors. Mila Resources Plc (LSE: MILA), the post-discovery gold exploration accelerator, is focussed on rapidly expanding and advancing the Kathleen Valley Gold Project in Western Australia into production in order to deliver high value accretive development opportunities to investors.

With a footprint in one of the world’s most productive gold regions, Mila is aiming to apply a proven exploration model to a known gold discovery to build an economic mineral resource. The project benefits from an abundance of mining infrastructure locally, including three processing plants within trucking distance, offering optionality over the development route with positive capex implications. The Board does not envisage the requirement to build its own plant to process the mineral ore but rather proposes to enter into arrangements including joint ventures, toll treatment or the disposal of the Project to a mining company in the region in order to enhance shareholder returns.

Mila holds an initial 30% interest in the Kathleen Valley licence and project, and has the option and intention to acquire an additional 50% interest in two further tranches.