Middle Island Resources Limited (AU:MDI) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Middle Island Resources Limited has launched its first drilling program of 2024 at the Barkly Copper-Gold Super Project in the Northern Territory, targeting potential Iron Oxide Copper Gold (IOCG) deposits. The initial phase includes three diamond drill holes aimed at the Wilma, Pebbles, and Dino prospects, with depths reaching 650 meters. This exploration endeavor, supported by a $300,000 government-funded grant, represents a significant step in probing the substantial yet underexplored reserves within the company’s vast 6,918 sq km holdings.
For further insights into AU:MDI stock, check out TipRanks’ Stock Analysis page.