Middle Island Resources (ASX: MDI) has announced the transformational acquisition of Konstantin Resources, expanding into a dual-jurisdiction copper–gold explorer with projects in both Australia and Serbia. The deal delivers a combined landholding of more than 9,000km², covering highly prospective ground for IOCG, porphyry, epithermal, and sediment-hosted systems. In Australia, MDI controls over 8,600km² across a copper–gold portfolio, while in Serbia it gains 600km² across three project areas — Bobija, Timok, and Priboj — situated within the prolific Western Tethyan Belt, host to world-class deposits.
The acquisition also strengthens MDI’s balance sheet, with AU$5.2 million in cash post-raise to fund near-term exploration. A global leadership team with proven exploration and capital markets expertise will drive integration and discovery. With drill-ready targets in both regions, MDI is now strategically positioned to deliver value through high-impact copper and gold exploration in two of the world’s most prospective mineral provinces.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.