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Middle Island Resources Limited
(Sydney:MDI)
Middle Island Resources Limited (MDI) vs. iShares MSCI Australia ETF (EWA)
Middle Island Resources Limited Business Overview & Revenue Model
Middle Island Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.92K | 0.00 | 69.98K | 32.14K | 115.32K | 5.48K |
| Gross Profit | 93.96K | -29.99K | 69.98K | -1.77K | 111.18K | -29.06K |
| EBITDA | -2.03M | -2.02M | -1.63M | -5.26M | -3.51M | -6.79M |
| Net Income | -2.05M | -2.05M | -1.66M | -5.30M | -5.32M | -6.82M |
Balance Sheet | ||||||
| Total Assets | 3.18M | 3.18M | 4.12M | 3.98M | 9.31M | 7.33M |
| Cash, Cash Equivalents and Short-Term Investments | 2.40M | 2.40M | 3.35M | 2.78M | 4.99M | 3.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 13.95K | 69.84K |
| Total Liabilities | 177.43K | 177.43K | 151.52K | 106.98K | 146.45K | 1.80M |
| Stockholders Equity | 3.00M | 3.00M | 3.97M | 3.87M | 9.17M | 5.53M |
Cash Flow | ||||||
| Free Cash Flow | -2.07M | -2.07M | -1.87M | -5.16M | -3.35M | -7.11M |
| Operating Cash Flow | -2.02M | -2.02M | -1.62M | -5.16M | -3.27M | -7.11M |
| Investing Cash Flow | 1.38M | 1.38M | -179.95K | 585.00 | 4.91M | -509.42K |
| Financing Cash Flow | 1.08M | 1.08M | 1.09M | 0.00 | 0.00 | 5.58M |
Middle Island Resources Limited Technical Analysis
Middle Island Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$40.73M | -4.75 | -59.44% | ― | ― | 23.08% | |
46 Neutral | AU$21.57M | -3.06 | -60.89% | ― | ― | 77.62% | |
45 Neutral | AU$20.84M | -20.00 | -13.32% | ― | ― | 92.86% | |
44 Neutral | AU$13.69M | -20.00 | -48.18% | ― | ― | 95.24% | |
37 Underperform | AU$18.35M | -25.00 | -32.90% | ― | ― | 42.86% |
Middle Island Resources Limited Corporate Events
Middle Island Resources has disclosed a change in director Daniel Raihani’s indirect interest in the company, with an associated entity, 7 Enterprises Pty Ltd, acquiring 4 million shares on market between 19 and 22 December 2025 at an average price of $0.0297 per share. Following this on-market purchase, Raihani’s indirect holding has increased to 61 million shares while his unlisted options position remains unchanged, signalling a modest uptick in director alignment with shareholders and potentially reflecting confidence in the company’s prospects.
Middle Island Resources Ltd has announced a change in the interest of its director, Daniel Raihani, involving the acquisition of an additional 2 million shares. Following the transaction, Mr. Raihani’s holdings now comprise a total of 57 million shares in the company. Such changes could reflect evolving confidence in the company’s operations, potentially impacting stakeholder perception and corporate decision-making.
Middle Island Resources Limited announced a change in its director’s relevant interests, with Mr. Daniel Raihani acquiring an additional 4,331,104 shares on the market, bringing his total holdings to 55,000,000 shares. This acquisition highlights the director’s increased commitment, which may prompt positive reactions from stakeholders and reinforce confidence in the company’s strategic direction.
Middle Island Resources Limited has appointed Peter Spiers as its new CEO, effective immediately. With over 30 years of experience in exploration, mine development, and operations, Spiers is expected to leverage his extensive industry knowledge and leadership skills to enhance the company’s project portfolio in Serbia. His appointment is seen as a strategic move to accelerate exploration efforts and unlock significant value from Middle Island’s assets. The board is optimistic about his ability to drive the company’s growth and progress its strategic objectives.
Middle Island Resources Limited has announced significant assay results from its maiden drilling program at the Bobija Mine area in Serbia, revealing extensive gold, silver, copper, lead, and zinc mineralization. The drilling results have expanded the known footprint of the Bobija deposit, with mineralization open in all directions, indicating a highly valuable target due to the strong association of gold and silver with base metals. The company is planning a Phase 2 drilling program to further explore the potential of the area, which remains underexplored and holds substantial promise for future resource development.
Middle Island Resources Limited announced that all resolutions at their 2025 Annual General Meeting were passed. The adoption of the Remuneration Report for the financial year ending June 2025 was approved by shareholders, indicating strong support for the company’s management and strategic direction.
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.
Middle Island Resources Limited announced the resignation of CEO Roland Bartsch by mutual consent, effective immediately, following his tender on November 17, 2025. The company will pay out the four-month notice period as per his contract, and his unlisted options will lapse. The board expressed gratitude for Bartsch’s leadership since April 2023 and wished him well in future endeavors.
Middle Island Resources Limited has announced a change in the director’s interest, with Daniel Raihani acquiring an additional 668,896 shares, bringing his total shareholding to 50,668,896 shares. This change, approved at the Extraordinary General Meeting on November 3, 2025, reflects the company’s ongoing efforts to align management interests with shareholder value, potentially impacting the company’s governance and stakeholder confidence positively.
Middle Island Resources Limited has announced a change in the director’s interest, with Bill Richie Yang acquiring an additional 668,896 shares, bringing his total to 7,568,055 shares. This change, approved at the Extraordinary General Meeting on November 3, 2025, reflects the company’s ongoing efforts to align management interests with shareholder value, potentially impacting future strategic decisions and investor confidence.
Middle Island Resources Limited has issued 1,337,792 fully paid ordinary shares as per shareholder approval during an Extraordinary General Meeting. This move, executed in lieu of director fees, aligns with compliance requirements under the Corporations Act, ensuring transparency and adherence to regulatory standards, potentially impacting the company’s financial structure and stakeholder interests.
Middle Island Resources Limited has announced the application for the quotation of 1,337,792 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s ongoing efforts to increase its capital base and support its strategic initiatives in the gold exploration sector.
Middle Island Resources Limited has announced significant findings from its initial channel sampling program at the historic Bobija Mine, confirming high-grade mineralization of gold, silver, copper, lead, and zinc. These results, including standout assays and wide intervals of polymetallic mineralization, suggest a substantial remaining deposit in the former open pit mine, enhancing the company’s prospects and potentially increasing its value. The completion of the Phase 1 Reverse Circulation drilling program further supports the company’s exploration efforts, with results expected soon, which could impact the company’s operations and stakeholder interests positively.
Middle Island Resources Limited has issued an addendum to its Notice of Annual General Meeting, scheduled for November 28, 2025, in Perth, Australia. The addendum includes the withdrawal of an existing resolution, the addition of a new resolution, and the provision of a replacement proxy form for shareholder voting. This announcement may impact shareholder voting procedures and the governance of the company.
Middle Island Resources Limited has announced a change in the director’s interest, with Bill Richie Yang acquiring additional shares and unlisted options. This development, approved at the Extraordinary General Meeting on November 3, 2025, indicates a strategic move to strengthen the company’s leadership stake, potentially impacting its operational strategies and stakeholder interests.
Middle Island Resources Limited has announced a change in the director’s interest, specifically involving David A-Izzeddin. The change includes the acquisition of over 37 million shares and unlisted options as part of an off-market vendor share transaction for Konstantin Resources, approved at the Extraordinary General Meeting on November 3, 2025. This move reflects the company’s strategic efforts to consolidate its position in the mining sector, potentially impacting its operational dynamics and stakeholder interests.
Middle Island Resources Limited announced a change in the director’s interest, specifically concerning Daniel Raihani. The company reported that Raihani acquired 3,500,000 unlisted options, with no securities disposed of, as approved at an extraordinary general meeting on November 3, 2025. This change reflects an increase in Raihani’s indirect interest in the company, potentially impacting stakeholder perceptions and the company’s governance dynamics.
Middle Island Resources Limited has announced the issuance of 120 million unlisted options as part of a previously disclosed transaction. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives, potentially impacting its operational capabilities and market positioning.
Middle Island Resources Limited has announced the application for the quotation of 200,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move signifies a strategic step for the company, potentially enhancing its capital base and market presence, which could impact its operational capabilities and stakeholder interests.
Middle Island Resources Limited has announced the application for the quotation of 475,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for November 5, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing exploration and development activities, potentially impacting its market positioning and stakeholder interests positively.
Middle Island Resources Limited has successfully issued 698,750,000 fully paid ordinary shares, with 200,000,000 shares priced at $0.017 each for a placement and the remainder for acquiring Konstantin Resources Limited. This move, approved by shareholders, aligns with the company’s strategic growth plans and complies with relevant corporate regulations, potentially enhancing its operational capabilities and market position.
Middle Island Resources Limited has announced an update regarding a proposed issue of securities, following an Extraordinary General Meeting (EGM) of Shareholders held on November 3, 2025. This update is part of the company’s ongoing efforts to manage its capital structure and enhance its market position. The proposed securities issue is expected to impact the company’s operations by potentially increasing its financial resources, thereby supporting its strategic initiatives in the gold mining sector.
Middle Island Resources Limited announced an update regarding the proposed issue of securities, following an Extraordinary General Meeting (EGM) of Shareholders held on November 3, 2025. The settlement for the securities issue is expected on November 5, 2025. This development is part of the company’s strategic efforts to secure additional capital, which could potentially strengthen its operational capabilities and market position.
Middle Island Resources Limited has announced a significant acquisition of the Serbian exploration company, Konstantin Resources, marking a transformational change in its operations. This acquisition is expected to significantly alter the scale and nature of the company’s activities, potentially enhancing its market position and offering new opportunities for growth in the copper and gold exploration sector.
Middle Island Resources Limited has appointed David A-Izzeddin as a Non-Executive Director to accelerate its exploration activities in Serbia. This strategic board change aligns with the company’s acquisition agreement with Konstantin Resources Limited and aims to enhance its exploration capabilities, leveraging A-Izzeddin’s extensive experience in mining and resource development.
Middle Island Resources Limited has announced a significant acquisition of Konstantin Resources Ltd, enhancing its copper-gold exploration portfolio with projects in Serbia’s Western Tethyan Belt, a renowned copper-gold province. This strategic move, supported by a $3.4 million placement, complements the company’s existing projects in Australia and positions it for growth in the mining industry. The acquisition is expected to complete in November, pending shareholder approval, and signifies a major step in Middle Island’s M&A strategy, potentially impacting stakeholders by expanding exploration opportunities and reducing costs through strategic relinquishment of less promising areas.
Middle Island Resources Limited has announced its Annual General Meeting (AGM) scheduled for 28 November 2025 in Perth, WA. The company will not be sending physical copies of the meeting notice, instead making it available online. Shareholders are encouraged to submit proxy votes ahead of the meeting, with instructions provided for online and postal submissions. This move reflects a shift towards digital communication, potentially increasing accessibility and engagement among stakeholders.
Middle Island Resources Limited has announced its Annual General Meeting, scheduled for November 28, 2025, in Perth, Australia. Key items on the agenda include the consideration of the company’s annual report and the re-election of Director Brad Marwood. The meeting will address important resolutions, including the adoption of the Remuneration Report, which, while advisory, reflects shareholder engagement in corporate governance. These proceedings are crucial for stakeholders as they influence the company’s strategic direction and leadership continuity.
Middle Island Resources Limited has appointed Daniel Raihani as Non-Executive Chairman, effective immediately. Raihani’s extensive experience in business development and operational strategy is expected to guide the company through its acquisition of Konstantin Resources Ltd, which owns Serbian Copper-Gold exploration assets, potentially enhancing Middle Island’s market position.
Middle Island Resources Limited has initiated a maiden reverse circulation drilling program at the Bobija Polymetallic Project in Serbia, targeting gold-silver-copper-lead-zinc mineralization. This project, part of Konstantin Resources’ portfolio, aims to explore the potential of the Bobija deposit, which is considered analogous to the Vares polymetallic mine in Bosnia and Herzegovina. The drilling program, along with recent channel sampling, will contribute to developing a new geological model, enhancing the company’s exploration efforts in the region.