InvestSMART

Middle Island Resources Limited (ASX:MDI)

ALERT: Price-sensitive ASX Announcement for MDI
Current share price for MDI : $0.017 -0.003 (-15%)+
Announcement
Release
28 May 2026 9:04AM
Price at Release
$0.020
Full Release
download
Summary
Middle Island Resources Limited announced the resignation of its CEO, Peter Spiers, effective after a three-month notice period. During this transition, the Non-Executive Chairman, Daniel Raihani, will assume the role of Executive Chairman, overseeing the company's strategic and operational activities. The company is in the process of finding new management to align with its strategic objectives. Middle Island Resources, which is involved in exploration projects in Serbia, acknowledged Spiers' significant contributions, especially his expertise in advancing the exploration programs.
Key Points
  • Middle Island Resources Limited (ASX:MDI) announced the resignation of CEO Peter Spiers.
  • Peter Spiers will serve a three-month notice period.
  • Daniel Raihani, Non-Executive Chairman, will take over as Executive Chairman.
  • The Company is seeking new management to meet its needs.
  • Middle Island Resources focuses on exploration projects in Serbia.
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.