MDI: Annual Report to shareholders
Middle Island Resources Limited reported positive drill and channel sampling results from its Bobija Polymetallic Project in Serbia, highlighting a significant shallow gold-silver-base metal discovery with high-grade intercepts and an expanded mineralized footprint. The company also acquired Konstantin Resources Ltd, expanding its exploration portfolio in Serbia. Despite these exploration successes, the annual financial report indicates a substantial operating loss and a material uncertainty about the company's ability to continue as a going concern, dependent on future capital raising activities.