IN BRIEF: Mila to exercise options for exploration licences from EMX

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Mila Resources PLC - London-based post-discovery gold exploration firm - Exercises option with EMX Royalty Corp to acquire 100% interest in exploration licenses at the Yarrol, Mount Steadman and Mount Weary projects. To pay £110,000 in new shares to exercise the option, with shares subject to a 12-month lock-up. Agreement includes additional consideration payable to EMX if Mila’s share price exceeds 1.0 pence for more than 12 continuous trading days, which it has since September 25.

Chair Mark Stephenson says: ‘We are pleased to acquire the Queensland licence package from EMX. The encouraging results from our technical team at Yarrol, Mount Steadman and Mount Weary have given us the confidence to exercise the option now and take full ownership. With this in place, we can move ahead with greater flexibility and focus, accelerating our plans to unlock the region’s significant gold potential. We believe these projects can deliver substantial value for the Company and we look forward to announcing drilling results from Yarrol in the coming weeks.’

Current share price: 1.85 pence, closed up 19% on Monday

12-month change: more than tripled

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