{"id":139958,"title":"Mila Resources Doubles Coffey Gold Resource to 41,300oz at Kathleen Valley","publisher":"Share Talk","author":"sharetalk","published":"2026-08-26T09:10:30+00:00","modified":"2026-08-26T09:10:30+00:00","canonical_url":"https://www.share-talk.com/mila-resources-doubles-coffey-gold-resource-to-41300oz-at-kathleen-valley/","markdown_url":"https://www.share-talk.com/mila-resources-doubles-coffey-gold-resource-to-41300oz-at-kathleen-valley.md","json_url":"https://www.share-talk.com/mila-resources-doubles-coffey-gold-resource-to-41300oz-at-kathleen-valley.json","category":"Mining","categories":["Mining"],"tags":["Australia","Mark Stephenson","MILA","Mila Resources","Monal Copper-Gold Project","Neil Hutchison","Queensland","south-eastern Queensland","Yarrol Gold Project"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/087a2723-d673-4636-acc3-15f753c2fa19.png?fit=1726%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Mila Resources Plc (LON: MILA)](https://www.investegate.co.uk/announcement/rns/mila-resources--mila/upgraded-jorc-resource-at-kathleen-valley-/9739903)has announced a significant upgrade to the JORC Mineral Resource Estimate at its **Coffey Gold Deposit** within the Kathleen Valley Project in Western Australia.\n\nThe updated Inferred Mineral Resource stands at **599,000 tonnes grading 2.1g/t gold for 41,300 ounces**, using a 0.5g/t gold cut-off.\n\nThat represents an approximate **doubling of both tonnes and contained gold** compared with the previous 2020 estimate of 327,000 tonnes at 2.0g/t for 21,000 ounces.\n\nAt the higher 1.0g/t cut-off, Coffey contains **509,000 tonnes at 2.4g/t gold for 39,300 ounces**, meaning the majority of the resource’s contained gold is retained at the higher cut-off.\n\nThe new estimate incorporates **44 drill holes totalling 8,914 metres**, compared with just 12 RC holes used for the previous resource.\n\nMila believes there is considerable potential to expand Coffey beyond the existing resource envelope. The mineralised system remains open, while the wider Kathleen Valley Project contains two additional untested gold targets, **Sturrock and Powell**.\n\nThe company also highlighted silver and zinc within the Coffey mineralisation. Estimates at the 0.5g/t gold cut-off include **4.6g/t silver and 0.71% zinc**, although these elements are not currently included in the JORC-reportable resource pending metallurgical work.\n\nKathleen Valley sits within Western Australia’s prolific **Wiluna-Norseman Belt**, adjacent to the high-grade Bellevue Gold Project. Mila currently holds rights to **30% of Kathleen Valley with an option to increase its interest to 80%**.\n\nExecutive Director **Mark Stephenson** said the resource upgrade reinforces the underlying value of Kathleen Valley despite Mila’s current operational focus being predominantly on its Queensland portfolio.\n\nThe board is conducting a strategic review to determine the best route to realise value from Kathleen Valley while continuing to advance its Queensland assets."}