Mila Resources Outlines Increased Resources at Australia's Gold Project

03:08 AM EDT, 08/26/2026 (MT Newswires) -- Mila Resources (MILA.L) said Wednesday that results from a drilling program at the Coffey gold deposit located at the Kathleen Valley gold project in Australia showed increased mineralization. Under the updated mineral resource estimate, the asset has 41,300 ounces of contained gold inferred mineral resource, with 599,000 tonnes at 2.1 grams per tonne of gold based on a 0.5g/t gold cut-off. The previous inferred mineral resource reported in November 2020 showed the asset had 327,000 tonnes at 2 g/t of gold for a contained 21,000 gold ounces reported above a 0.5 g/t gold cut-off. The mineral exploration and development company owns a 30% stake in the Kathleen Valley project, with an option to increase to 80%.