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Middle Island Resources Limited (MDI) is committed to a commodity focus on gold. Middle Island firmly believe that the gold price will continue to strengthen over the medium and longer-term, on the basis of longer-term supply-demand fundamentals and also any number of nearer-term, geopolitical uncertainties.
Middle Island’s primary ambition is to recommission the Company’s wholly-owned, 600ktpa Sandstone gold processing facility in order to generate a cash flow to self-fund exploration and provide dividends to shareholders. This strategy is being aggressively pursued via a dual approach; increasing the open pit Mineral Resource inventory via exploration and/or the consolidation of stranded third-party deposits within economic trucking distance of the processing plant.
Two substantial underground deposits have been progressively expanded to underpin the longer-term future of the Sandstone operation, with the Two Mile Hill tonalite deeps deposit emerging as a major mineralised system.