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Middle Island Resources Limited ( (AU:MDI) ) just unveiled an update.
Middle Island Resources has launched its 2026 exploration campaign in Serbia, starting a Phase 2 drilling program at the Bobija Mine and step-out soil sampling across the Tisovik area. The work aims to expand on previous high-grade polymetallic drill results at Bobija and large-scale silver-lead-zinc-antimony soil anomalies defined over a 5km strike at Tisovik, Crvene Stene and Kozila.
The company is deploying a reverse circulation rig for 17 drill holes totalling up to 1,500 metres, targeting mineralised extensions beneath the historic Bobija open pit. At the same time, it is enlarging its in-country exploration team and infrastructure to support a substantial ramp-up in activity through 2026, signalling a more aggressive push to delineate resources and enhance the project’s development potential.
The most recent analyst rating on (AU:MDI) stock is a Sell with a A$0.02 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 ASX-listed mineral exploration company focused on polymetallic deposits in Serbia. The company is targeting high-grade gold, silver, lead, zinc, copper and barite mineralisation within the Bobija Project area, which includes a granted mining lease at the historic Bobija Mine and surrounding under-explored tenure.
YTD Price Performance: -42.86%
Average Trading Volume: 2,367,368
Technical Sentiment Signal: Sell
Current Market Cap: A$24.83M
For an in-depth examination of MDI stock, go to TipRanks’ Overview page.