Middle Island Reports Updated Resource Estimates for Shillington and Wirraminna Deposits

  • Jul 24, 2020 AEST
  • Team Kalkine

In a latest update, Middle Island Resources Limited (ASX:MDI) has notified over the completion of updated resource estimates for the Shillington (comprising Shillington North) and Wirraminna gold deposits within Sandstone project.

Below are the key outcomes of updated resource estimates:

  • A 52 per cent or 27,800oz rise in the gold resource to 80,700oz has been derived for the Shillington deposit.
  • Indicated Mineral Resource at Shillington deposit has increased by 17 per cent or 7,200oz.
  • Sandstone’s total project Mineral Resources have risen to 650,500oz gold.
  • Re-estimation of the Wirraminna deposit led to minimal change at 21,800oz gold.

Both Shillington and Wirraminna deposits will now be re-optimised to ascertain the in-pit Mineral Resources expected to contribute to the feasibility study.

MDI is trading at $0.023 as at 11:42 AM AEST.


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no one left untouched by the charm of the multibillion-dollar global boom in cannabis. Its glorious journey from a criminalized drug to being used in over 20 countries for treating medical conditions.

No wonder the cannabis stocks are on the edge of a green rush. Don’t miss out on the happenings in the cannabis sector and take advantage of the growth phase of this sector by subscribing to our report on Marijuana stocks in Australia.

Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.

Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022. 

Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)

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