Middle Island Resources Limited (AU:MDI) has released an update.
Middle Island Resources Limited has initiated its 2024 drilling program at the Barkly Copper-Gold Super Project, targeting Iron Oxide Copper Gold (IOCG) and Sediment Hosted deposits with a three-hole diamond drill strategy. The company received a $300,000 co-funding grant from the Northern Territory Government and holds a robust financial position with $3.27M in cash and investments, including a significant shareholding in Aurumin Limited. With the first drill hole completed and the rest of the program set to conclude by late August, Middle Island is poised for potential significant mineral discoveries.
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