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MIDDLE ISLAND RESOURCES LIMITED(MDI)

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Our website ranking of MDI: rating 4
(4 out of 5)
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REGISTRY:

Automic Registry Services LEVEL 2, 267 St Georges Terrace,, PERTH, WA, AUSTRALIA, 6000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MDI5
Address: Suite 2 11 Ventnor Avenue West Perth WA 6005
Tel:  (08) 9481 7288 Fax: (08) 9389 2199

Date first listed: 16/12/2010
Company Secretary: Mr Dennis Wilkins
Sector: Materials Industry Group: XMJ
Activities: Gold exploration

News & Events

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OFX Transferring Money Internationally to Free

The suspension of trading in the securities of Middle Island Resources Limited will be lifted from the commencement of trading on Tuesday, 14 April 2020, following the release by MDI of an announcement regarding exploration results and a resource update.

14/04/2020

A 500,000oz gold Inferred Mineral Resource has been estimated by independent consultants, Mining Plus Pty Ltd, for the Two Mile Hill deeps gold deposit at the Company's 100%-owned Sandstone gold project in central WA. The new Mineral Resource is comprised of 480,000oz associated with the tonalite-hosted portion of the deposit & 20,000oz within the banded iron formation (BIF)-hosted element. The addition of the Two Mile Hill deeps underground deposit brings the aggregate Sandstone project's JORC Code 2012 Mineral Resources to 624,000oz gold, representing a near five-fold increase in Mineral Resources. The new tonalite deeps Inferred Mineral Resource is derived from a partial reclassification of the previous Exploration Target, extending from 140m below surface, the base of quantified open pit Mineral Resources, to ~500m depth. The new BIF deeps Mineral Resource is derived via the upgrade of a former JORC Code 2004 resource estimate to a formal JORC Code 2012 Inferred Mineral Resource. The remainder of the original Exploration Target, extending from 500m to 700m depth, will require re-quantification as an Exploration Target, primarily underpinned by a diamond drill intercept of 508.3m at 1.38g/t Au, including an interval of 160m at 2.13g/t Au from 432m depth. Although relatively insensitive to gold price, the Two Mile Hill tonalite deeps Mineral Resource estimate does not comprise part of the planned recommissioning inventory at Sandstone, with the present intention to only review development of the tonalite deeps deposit later in the planned on-site existing mill production schedule. The significant increase in aggregate Mineral Resources comprising the Sandstone gold project will provide far greater valuation transparency of both the project and Middle Island.

14/04/2020

A bonanza intercept of 4m at 90.6g/t Au, accompanied by a further intercept of 8m at 3.35g/t Au, have been reported by Middle Island from new and initial assay results from the McClaren prospect, which comprises part of the Company's recently completed 13,400m Phase 1 RC drilling program at its wholly owned Sandstone project in WA. The new results announced today are derived from the first 30 holes (2,394m) of the Phase 1 RC drilling program, and address the initial three (of 14) gold deposits and prospects targeted, comprising McClaren, Two Mile Hill and Tailings East. The Company is excited to note that, subject to resampling and infill drilling, there is a likelihood that McClaren will prove to represent a new open pit deposit to complement the project's mill recommissioning inventory. McClaren is one of a cluster of three proximal gold prospects, also including McIntyre and Ridge, all of which are hosted within the southeast extension of the Shillington banded iron formation (BIF) package and located 2.5km from the Company's 100%-owned Sandstone gold processing plant. Better results received to date from infill and extension drilling at the Two Mile Hill deposit returned intercepts of 16m at 1.64g/t Au, 4m at 8.04g/t Au and 3m at 7.81g/t Au. Further assay results are anticipated in the coming weeks. These will be reported in a timely manner. Middle Island is well-funded to continue follow-up activities at McClaren.

14/04/2020

The securities of Middle Island Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MDI, pending the release of an announcement regarding material drilling results and resource upgrade.

06/04/2020

The suspension of trading in the securities of Middle Island Resources Limited (the " Company") will be lifted immediately, following receipt of an announcement regarding a capital raising. Security Code: MDI

23/09/2013

The securities of Middle Island Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: MDI

19/09/2013

The suspension of trading in the securities of Middle Island Resources Limited (the "Company") will be lifted immediately following receipt of an announcement relating to the Tialkam South Prospect and Samira Hill transaction in Niger. Security Code: MDI

27/08/2013

The securities of Middle Island Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement relating to the Niger status update. Security Code: MDI

27/08/2013

listed entity carried for record purposes only

16/12/2010

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    02/07/2020Bradley Marwood-5,500,000$0.022$120,131
    02/05/2017Beau Nicholls450,000$0.020$9,030
    02/05/2017Peter Thomas990,000$0.020$20,018
    01/05/2017Richard Yeates2,297,470$0.020$45,100
    27/11/2012Peter Thomas200,000$0.120$24,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter ThomasChairman02/03/2010
    Richard YeatesManaging Director, CEO02/03/2010
    Bradley MarwoodNon Exec Director02/12/2019
    Beau NichollsNon Exec Director30/04/2010

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Linton KirkNon Exec Director01/09/201108/07/2016

    Date of first appointment, title may have changed.