Mining

Middle Island Resources Limited (ASX:MDI)

Industry Group : Materials | Industry Group Name : Metals & Mining

Market Price : AUD 0.105-0.005 (4.546%)

(as on 2021-10-23 04:05:52)

Market Cap : AUD 12.854 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.11 0.105 0.105 0.105L 0.105 H 0.0905L 0.415 H
Last Trade 0.105
Change% -4.5455
52 W H/L 0.415/0.0905
EBITDA -6.733 M
NPAT After Abnormal Items -6.821 M
Equity 5.529 M
ROE% -123.37%
Total Liabilities 1.8 M
Total Revenue 468,427
Cash and Cash Equivalents 3.248 M

Stock Information

Share price 0.105
Market Cap 12.854 M
Price/Gross Cash Flow -2.84
Dividend Yield Excluding Special 0.00%
Ending Shares 122.418 M
52-Week Range 0.0905-0.415
P/E ratio 0.000
Sector P/E --
EPS -5.80
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.04
Net Gearing -57.47%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.05
Sales Per Share 0.00
Book Value Per Share 0.05

Announcements

Heading Date/Time
Notice of Annual General Meeting/Proxy Form  20/10/2021 5:27PM
Appendix 4G and Corporate Governance Statement  20/10/2021 5:23PM
Annual Report to shareholders  20/10/2021 5:19PM
Full Year Statutory Accounts  30/09/2021 6:03PM
AGM Date and Director Nominations  24/09/2021 4:55PM
Change of Director's Interest Notice  30/08/2021 5:28PM
Quarterly Activities/Appendix 5B Cash Flow Report  29/07/2021 3:40PM
Board changes - corrective announcement  20/07/2021 8:21AM
Initial Director's Interest Notice  19/07/2021 6:26PM
Final Director's Interest Notice  16/07/2021 12:20PM
Board changes  14/07/2021 5:12PM
Sandstone Gold Project Enhancements  07/07/2021 9:40AM
Sandstone Gold Project Plan  01/06/2021 8:17AM
Appendix 2A  28/05/2021 4:45PM
Barkly Super Project Update  26/05/2021 4:23PM
Change in substantial holding  18/05/2021 4:55PM
Quarterly Activities Report  30/04/2021 5:53PM
Quarterly Cashflow Report  30/04/2021 5:52PM
Sandstone Feasibility Study  19/04/2021 9:00AM
Appendix 2A  07/04/2021 3:36PM
Half Year Accounts  16/03/2021 7:53PM
Middle Island to demerge Barkly copper-gold assets  09/03/2021 10:06AM
Section 708A Notice  05/03/2021 5:40PM
Appendix 2A  05/03/2021 5:40PM
Feasibility and Scoping Study Updates Sandstone gold project  05/03/2021 8:22AM
RIU Conference Presentation  16/02/2021 9:38AM
Section 708A Notice  03/02/2021 5:52PM
Appendix 2A  03/02/2021 5:49PM
Final Director's Interest Notice x 2  01/02/2021 2:06PM

Similar Companies

Related Articles

Load More

About Company

Middle Island Resources Limited (ASX:MDI) is an Australia-based entity, which focuses on gold commodity and aspires to benefit from the gold price scenario over the medium to long term.

The Company is exploring golden frontiers with a major focus on its flagship Sandstone gold project, located 11km to the south of Sandstone and 400km to the North-West of Kalgoorlie. The gold explorer acquired a 100 per cent stake in the Sandstone Project in July 2016 from the Receivers of Black Oak.  

The project includes two fully permitted Mining Leases that pre-date Native Title and has an existing gold processing plant on site. Since the 1890s, more than 1 million ounces of gold has been produced from the open pit, surface, and underground operations in the Sandstone region.

Middle Island’s primary ambition is to recommission its 600,000tpa Sandstone processing plant (kept on care and maintenance) as early as possible. The Sandstone processing plant is supported by a contracted diesel-generated power plant, laboratory, fuel tanks, mine offices, workshops, and a massive inventory of equipment & spares. The processing plant further includes a CIP (carbon-in-pulp) leach circuit, along with traditional grinding and milling circuits.

Close to the plant, a permitted in-pit tailings storage facility which has about 6 months of capacity and a permitted bore field is also situated. Moreover, a well-maintained airport is also present in the Sandstone region to service FIFO operations. These exclusive features of the processing plant offer the Company an edge over other competitive players.

Besides recommissioning its processing plant, Middle Island intends to consolidate additional deposits & exploration tenure within the broader Sandstone district around the central processing hub. The Company further plans to demonstrate sufficient production, resource & exploration potential to attract corporate investment.

Overall, the Company aims to establish an effective and enhanced production profile through approaches not really explored by many other players in the space.

 

 

Corporate Information

company address Suite 2, 11 Ventnor Avenue, WEST PERTH, WA, AUSTRALIA, 6005

company phone+61 (0)8 9389 2111

company email[email protected]

company websitehttp://www.middleisland.com.au

Dividends

Ex-Dividend Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 0.00%
30/06/2019 -- 0.000 0.00%
30/06/2018 -- 0.000 0.00%
30/06/2017 -- 0.000 0.00%
30/06/2016 -- 0.000 0.00%
30/06/2015 -- 0.000 0.00%
30/06/2014 -- 0.000 0.00%
30/06/2013 -- 0.000 0.00%
30/06/2012 -- 0.000 0.00%

Event Calendar

Event Type Event Date Event Year
Report (Annual) 2022-10-19 2022
Report (Quarterly) 2022-07-28 2022
Report (Quarterly) 2022-04-29 2022
Report (Quarterly) 2022-01-14 2022
AGM 2021-11-19 2021
Report (Annual) 2021-10-25 2021

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue -- 14,756 37,488 215,573 --
Other Revenue 468,427 166,227 374,072 722,155 0
Total Revenue 468,427 180,983 411,560 937,728 0
Interest Income 5,476 2,282 3,983 8,104 14,664
Interest Expenses -1,003 -7,796 -1,971 0 0
Expenses -7.26 M -3.303 M -3.058 M -2.482 M -4.258 M
EBITDA -6.791 M -3.122 M -2.646 M -1.544 M -4.258 M
Depreciation and Amortization -34,540 -47,311 -9,750 -3,867 -13,161
Depreciation -34,540 -47,311 -9,750 -3,867 -13,161
Amortisation 0 0 0 0 0
EBIT -6.826 M -3.169 M -2.656 M -1.548 M -4.271 M
Pre Tax Profit -6.821 M -3.175 M -2.654 M -1.54 M -4.256 M
Tax Expense 0 0 0 0 0
Net Profit After Tax -6.821 M -3.175 M -2.654 M -1.54 M -4.256 M
Minority Interest 0 0 0 0 0
Preference Dividend 0 0 0 0 0
Net Abnormal Items 0 0 0 0 0
Reported Net Profit After Abnormal Items -6.821 M -3.175 M -2.654 M -1.54 M -4.256 M
Ending Shares 122.418 M 93.035 M 45.515 M 34.836 M 29.264 M
Weighted Average Shares 118.481 M 59.827 M 37.119 M 32.195 M 25.241 M
EPS After Abnormal Items (cents) -5.76 -5.31 -7.15 -4.78 -16.86
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 3.599 M 5.255 M 1.214 M 2.645 M 1.852 M
Total Non Current Assets 3.73 M 3.611 M 3.393 M 3.377 M 4.102 M
Total Assets 7.329 M 8.866 M 4.607 M 6.022 M 5.954 M
Total Current Liabilities 414,636 894,610 192,435 400,286 606,781
Total Non Current Liabilities 1.385 M 1.385 M 1.203 M 1.203 M 1.203 M
Total Liabilities 1.8 M 2.28 M 1.396 M 1.604 M 1.81 M
Net Assets 5.529 M 6.586 M 3.212 M 4.419 M 4.144 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash -6.537 M -2.604 M -2.346 M -1.843 M -3.478 M
Net Invested Cash -509,416 204,738 -26,034 -230,095 -1.419 M
Net Financing Cash Flows 5.584 M 6.541 M 1.383 M 1.784 M 3.13 M
Beginning Cash 4.712 M 564,618 1.553 M 1.842 M 3.613 M
End Cash Position 3.248 M 4.712 M 564,618 1.553 M 1.842 M
Exchange Rate Adjustments -1,986 6,460 275 356 -3,631
Other Cash Adjustments 0 0 0 0 0
Ending Cash 3.248 M 4.712 M 564,618 1.553 M 1.842 M

© Morningstar, Inc. 2021. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the market indices, commodities and regulatory news headlines, and other data or content contained herein to be accurate, complete, or timely, and nor shall they have any liability for its use or distribution. The data contained herein: (1) is proprietary to Morningstar and/or its affiliates (collectively, “Morningstar”) and/or their content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Our publications, ratings and products should be viewed as an additional investment resource, and not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your financial situation, contact a professional financial adviser. Some material is copyrighted and published under licence from ASX Operations Pty. Ltd. ACN 004523782.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK