Mila Resources chairman says Queensland expansion is ‘excellent opportunity’ at low cost – ICYMI [Video]

Mila Resources PLC’s (LSE:MILA) executive chairman Mark Stephenson talks Proactive through why it has taken an option on three new gold exploration licences in Queensland

Proactive: What led to this decision to expand?

Mark Stephenson: Mila Resources was set up to look for deals like this from the start. Over the last couple of years, we’ve been very active in Kathleen Valley, Western Australia. We were fortunate to secure a deal with Liontown, a major lithium producer, where they are taking responsibility for the heritage surveys and exploration work for us on the project.

Proactive: That partnership with Liontown must have been a catalyst. Could you tell us more about what attracted you to these new projects?

Mark Stephenson: Certainly. We’ve recently brought on Alastair Goodship, who spent the past six months reviewing projects, and we’ve done a lot of groundwork.

This particular project is outstanding; it’s located in a geological zone that aligns well with our existing assets, and it’s in …