Middle Island Flags Large-Scale Gold Target at Serbia’s Priboj Project

Middle Island Resources Limited ( (AU:MDI) ) just unveiled an update.

Middle Island Resources has outlined a significant emerging gold target at the Zabrnjica Prospect within its 100%-owned Priboj Project in Serbia, where modern gold exploration has not previously been recorded. Soil sampling has defined a broad gold-in-soil anomaly extending roughly 600 metres by 200 metres, hosted in highly altered, quartz-veined sediments, and supported by rock chip assays of up to 1.91 grams per tonne gold.

The geological setting and alteration at Zabrnjica are consistent with large-scale replacement-style gold systems comparable to major intrusion-related deposits, prompting the company to plan an initial five-hole reverse circulation drilling program, subject to land access approval. These results strengthen Middle Island’s belief that Priboj offers meaningful first-mover discovery potential and could be transformative for its Serbian portfolio and broader positioning in the regional gold exploration sector.

The most recent analyst rating on (AU:MDI) stock is a Sell with a A$0.03 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 is an Australian-listed mineral exploration company focused on gold and copper projects, with a key portfolio in Serbia’s underexplored Priboj Project area. The company targets large-scale sediment-hosted and replacement-style gold systems within a highly prospective mineral belt, aiming to unlock value through disciplined early-stage exploration.

YTD Price Performance: -16.67%

Average Trading Volume: 2,503,751

Technical Sentiment Signal: Hold

Current Market Cap: A$34.77M

See more data about MDI stock on TipRanks’ Stock Analysis page.