Middle Island Resources Limited

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Middle Island Resources Limited (MDI) is committed to a commodity focus on gold. The directors of 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, geo-political uncertainties. Gold also represents a commodity that can be produced on site, transported by air and sold over the counter, thereby obviating the requirement for expensive rail and port infrastructure, offtake agreements and the like, thereby permitting successful operations in jurisdictions where infrastructure is only poorly developed. 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.