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- WA and Northern Territory explorer Middle Island Resources (MDI) has lodged a further two exploration licences at Barkly in the Northern Territory
- The new applications, EL32626 and EL32627, cover a further 1158 square kilometres, taking the Barkly project tenure to 12 permits
- The new land lies immediately south of the Crosswinds copper prospect, where copper mineralisation recently peaked at 76.2 per cent
- In late December, Middle Island lodged an initial five exploration licences near the Tablelands Highway
- On the market today, Middle Island is up 2.94 per cent and is trading at 35 cents per share
Middle Island Resources’ (MDI) subsidiary, Barkly Operations, has lodged two exploration licences near its Barkly copper-gold project in the Northern Territory.
The new applications, EL32626 and EL32627, cover a further 1158 square kilometres, taking the Barkly project tenure to 12 permits.
The new land lies immediately south of the Crosswinds copper prospect, where copper mineralisation recently peaked at 76.2 per cent.
Mineralisation in the area occurs as Malachite, a copper carbonate, interbedded with calcrete and silcrete.
In late December, Middle Island lodged an initial five exploration licences near the Tablelands Highway. The bulk lodges come after the recent discovery at Crosswinds and the lifting of interstate COVID-19 travel restrictions between Western Australia and Northern Territory.
Notbaly, a further five exploration licences are also pending a grant, while two applications have been approved and will be processed in due course.
Middle Island now intends to complete a detailed airborne magnetic and electromagnetic surveys and a ground gravity survey during the 2021 dry season.
On the market today, Middle Island is up 2.94 per cent and trading at 35 cents per share at 11:37 am AEDT.
