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Middle Island Resources Limited ( (AU:MDI) ) has provided an update.
Middle Island Resources Limited has reported significant findings from its initial soil sampling program at the Tisovik target area within the Bobija Project in Serbia. The results revealed high-order lead and zinc soil anomalies, with peak assay results of 2,733ppm Pb and 899ppm Zn, suggesting substantial mineral potential in the region. The anomalies extend over a 1.5km by 400m area and remain open-ended, particularly to the north. This marks the first exploration work by Middle Island in this promising area, and further sampling is planned to expand the survey. The findings underscore the potential of the Bobija Project, which includes several historic mines, and align with the company’s strategy to explore and develop high-grade mineral assets.
More about Middle Island Resources Limited
Middle Island Resources Limited is a company operating in the mining and exploration industry, focusing on the exploration and development of mineral resources. The company is involved in projects that target high-grade base metals and barite, with a particular focus on unexplored areas using modern exploration methods.
YTD Price Performance: 183.33%
Average Trading Volume: 2,798,744
Technical Sentiment Signal: Hold
Current Market Cap: A$35.76M
Find detailed analytics on MDI stock on TipRanks’ Stock Analysis page.