{"id":139437,"title":"Mila Resources Takes 100% Ownership of Queensland Gold and Copper Portfolio","publisher":"Share Talk","author":"sharetalk","published":"2026-08-12T08:35:44+00:00","modified":"2026-08-12T08:35:44+00:00","canonical_url":"https://www.share-talk.com/mila-resources-takes-100-ownership-of-queensland-gold-and-copper-portfolio/","markdown_url":"https://www.share-talk.com/mila-resources-takes-100-ownership-of-queensland-gold-and-copper-portfolio.md","json_url":"https://www.share-talk.com/mila-resources-takes-100-ownership-of-queensland-gold-and-copper-portfolio.json","category":"Mining","categories":["Mining"],"tags":["Australia","Mark Stephenson","MILA","Mila Resources","Neil Hutchison","Queensland","Yarrol Gold Project"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/Mila_Resources_1212x639.png?fit=1212%2C639&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Mila Resources Plc (LON: MILA)** has completed the exercise of its option agreement with EMX Royalty, giving the company **100% ownership of three gold and copper exploration project areas in Queensland, Australia**.\n\nThe portfolio comprises **Yarrol, Mount Steadman and Mount Weary**, the latter encompassing the Monal Gold-Copper Project. Completion follows the necessary Australian compliance and regulatory approvals.\n\nUnder the agreement, Mila will issue **7,096,774 new shares**, valued at £110,000 based on a 30-day VWAP of 1.55p, to EMX. The shares will be subject to a 12-month lock-up.\n\nFollowing admission of the new shares, expected on **17 August 2026**, Mila will have 744.7 million ordinary shares in issue.\n\nExecutive Chairman **Mark Stephenson** described the acquisition as an important milestone, giving Mila full control of what it considers a highly prospective Australian exploration portfolio.\n\nAttention now turns to **Yarrol, where drilling is described as imminent**, while regional exploration continues to identify additional targets.\n\nStephenson said Mila is entering a “highly active period” over the coming months as it advances its next phase of exploration work."}