Middle Island on the hunt for new projects
PERTH (miningweekly.com) – Junior explorer Middle Island Resources has started acquisition negotiations on two possible gold assets, the company reported on Friday.
The company said that it was actively reviewing project acquisition opportunities in West Africa and Australia, and had, to date, reviewed "hundreds" of projects in both jurisdictions.
Middle Island noted that while West Africa remained the most prospective jurisdiction for new gold discoveries, the declining Australian dollar and a diversification of political and sovereign risk made Australia an increasingly attractive investment destination.
The ASX-listed company has been forced to close its office in Niger, making its remaining staff in the country redundant, as no positive change in the status of the Deba and Tialkam permits were forthcoming from the Mines Ministry, in relation to an appeal process or the granting of replacement permits.
The company’s exploration headquarters in Burkina Faso have also been relocated to a smaller premises, and with the exception of two part-time personnel, all staff in Burkina Faso have also been made redundant.
The explorer said that several companies were continuing to review technical data on the Reo gold project, in Burkina Faso, with a view to a possible farm-in. However, to date, no meaningful offers have been received for a partial divestment of the project.
Middle Island told shareholders that the company was now reviewing plans to restart field activities, on a limited basis, at the K5 prospect, within the Reo project.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
