Middle Island Resources (ASX: MDI) – Initiation of Coverage – Gold – WA

August 6, 2017
Sandstone is differentiated by being on granted mining leases, and having a 600,000tpa CIP treatment plant and associated infrastructure on site that could be refurbished relatively quickly and for the modest sum of under A$10 million. Although the Project currently has insufficient resources to justify a re-start of operations, there are a number of options to bring potential mill feed up to the required level.