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Middle Island Resources Limited (ASX:MDI)

ALERT: Price-sensitive ASX Announcement for MDI
Current share price for MDI : $0.015 -0.005 (-25%)+
Announcement
Release
13 May 2026 10:43AM
Price at Release
$0.020
Full Release
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Summary
Middle Island Resources Limited is progressing exploration at its Bobija Project in Serbia, focusing on a significant polymetallic carbonate replacement deposit. The recent sampling programs have outlined high-grade targets, particularly in the Tisovik area, featuring silver, lead, zinc, and antimony mineralization across a 6km strike. The promising results encourage further exploration, aiming to establish the full extent of the mineralized system, with the area remaining largely untested by modern techniques.
Key Points
  • Middle Island Resources Limited is engaged in exploration activities at the Bobija Project in Serbia, focusing on a polymetallic carbonate replacement deposit.
  • The Tisovik polymetallic discovery at the Bobija Project is characterized by high-grade silver, lead, zinc, and antimony mineralisation.
  • Recent soil and rock chip sampling has identified multiple high-priority target zones over a 6km strike extent, including Tisovik, Red Rock, and Kozila.
  • Samples have returned significant results, with soil assays up to 7.1g/t Ag, 4,685ppm Pb, 969ppm Zn, and 1,049ppm Sb.
  • The region is recognized for its carbonate replacement deposit systems, similar to those hosting large ore bodies globally.
  • Further exploration work including soil sampling and geophysical surveys is planned to expand the understanding of the mineralized system.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.