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Middle Island Resources Limited (ASX:MDI)

ALERT: Price-sensitive ASX Announcement for MDI
Current share price for MDI : $0.011 -0.003 (-21.43%)+
Announcement
Release
31 Jul 2026 10:03AM
Price at Release
$0.014
Full Release
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Summary
Middle Island Resources Limited reported significant assay results from its Phase 2 drilling at the Bobija project in Serbia, identifying it as an expanding shallow gold-silver system. The company plans further drilling to extend the mineralisation. Soil sampling programs began in the Tisovik area to develop new targets. The leadership team in Serbia was strengthened with new appointments. The company ended the quarter with $3.15 million in cash and investments. Executive changes included the resignation of CEO Peter Spiers, with Daniel Raihani assuming the role of Executive Chairman. Exploration expenditure was $332k with no mining production during the period.
Key Points
  • Phase 2 drilling at Bobija returned significant results.
  • Bobija identified as a major shallow gold-silver system.
  • Expansion of mineralised footprint at Bobija.
  • Phase 3 drilling planned to extend Bobija mineralisation.
  • Tisovik area soil sampling program initiated.
  • Strengthened Serbian leadership team with key appointments.
  • Quarterly cash position: $3.15 million.
  • Executive changes with Peter Spiers resignation.
  • Exploration expenditure of $332k during the quarter.
  • No mining production or development activities in the period.
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.