# Mila Resources nearly doubles Coffey resource, targets Yarrol gold resource in Q4

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mila-resources-nearly-doubles-coffey-resource-targets-yarrol-gold-resource-in-q4--4854ca79-bd53-4473-a643-1b97d1d173c6

Original source: https://www.proactiveinvestors.com/companies/news/1097657/mila-resources-nearly-doubles-coffey-resource-targets-yarrol-gold-resource-in-q4.html

Publisher: proactiveinvestors

Original announcement: 2026-08-26T17:51:17.643Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Tonnage and contained gold ounces roughly doubled vs 2020 estimate

- Positive factor: Resource upgrade includes silver and zinc credits

- Positive factor: Strong exploration upside identified at Yarrol and Monal targets

Facts used in scoring: 1

## Classification and evidence

**Tonnage Growth**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/mila-resources-nearly-doubles-coffey-resource-targets-yarrol-gold-resource-in-q4--4854ca79-bd53-4473-a643-1b97d1d173c6#fact-resource-facts-0)

Coffey Gold Deposit · gold

#### 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 factor: 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.