Mila Resources nearly doubles Coffey resource, targets Yarrol gold resource in Q4
Original announcement by proactiveinvestors on
- Company
- Mila Resources PLC
- Ticker
- MILA
- Exchange
- Unavailable
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Silver, Zinc, Copper
- Document categories
- Resource update, Drill results
- Extracted
- 2026-08-26 19:01:10 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Mila Resources has updated its JORC-compliant Mineral Resource Estimate for the Coffey Gold Deposit, which now contains 599,000 tonnes at 2.1 g/t gold. The update represents a near doubling of both tonnage and contained gold compared to the 2020 estimate and includes silver and zinc credits.
Reasoning: Significant resource growth at Coffey deposit with doubling of tonnage and ounces, plus positive exploration signals at other projects.
Positive factors
- Tonnage and contained gold ounces roughly doubled vs 2020 estimate
- Resource upgrade includes silver and zinc credits
- Strong exploration upside identified at Yarrol and Monal targets
Facts used in scoring: 1
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The updated resource tonnage represents a substantial increase, roughly doubling from the previous 2020 resource.
Evidence · text
“revised estimate represents a substantial increase from the previous 2020 resource, with both tonnage and contained ounces roughly doubling”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The announcement explicitly describes the update as a JORC-compliant Mineral Resource Estimate.
Evidence · text
“significant upgrade to the JORC-compliant Mineral Resource Estimate”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
indicatedCoffey Gold Deposit · goldTonnes: 599000Grade: 2.1Grade Unit: g/tContained Metal: 41300Contained Unit: ozView all detailsHide details
Identity
- Project
- Coffey Gold Deposit
- Commodity
- gold
- Ticker
- MILA
Resource Data
- Category
- indicated
- Tonnes
- 599000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 41300
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-26T00:00:00.000Z
Reasoning: Substantial increase in resource size compared to previous 2020 estimate.
Positive factors
- Tonnage and contained gold ounces roughly doubled vs 2020 estimate
Evidence · text
“updated resource estimate now contains 599,000 tonnes grading 2.1 grams per tonne gold for approximately 41,300 ounces of contained gold”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.