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Middle Island Resources Limited ( (AU:MDI) ) has shared an update.
Middle Island Resources has completed the acquisition of Konstantin Resources, securing full ownership of a 620km² polymetallic exploration portfolio in Serbia, alongside raising $3.4 million in a placement and ending the December quarter with $3.47 million in cash and additional listed investments. The company reported thick, high‑grade gold, silver and base metal intersections from its maiden 11‑hole reverse circulation drilling program at the Bobija Project, as well as strong channel and soil sampling results across the broader project area, while also reshaping its leadership team with a new non-executive chairman, non-executive director and chief executive officer, underscoring a strategic push to advance and potentially expand its Serbian polymetallic footprint.
The most recent analyst rating on (AU:MDI) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Middle Island Resources Limited stock, see the AU:MDI Stock Forecast page.
More about Middle Island Resources Limited
Middle Island Resources Limited (ASX: MDI) is an Australian-listed mineral exploration company focused on gold, silver, copper, lead and zinc, with its key assets now concentrated in an extensive exploration portfolio in Serbia spanning about 620km² in an established European mining jurisdiction.
YTD Price Performance: -11.90%
Average Trading Volume: 2,154,500
Technical Sentiment Signal: Buy
Current Market Cap: A$36.75M
Learn more about MDI stock on TipRanks’ Stock Analysis page.