Middle Island Resources Limited advised the commencement of exploration drilling at the Barkly Copper-Gold Super Project in the Northern Territory. The Barkly Copper-Gold Super project is prospective for large Iron Oxide Copper Gold (IOCG) and Sediment Hosted Cu-Zn-Pb-Ag (SedH) deposits at Tennant Creek and Barkly. The Company's exploration holdings in the region covers some 6,918 sq kms with a large pipeline of significant (quality and scale) targets.

The commenced drill programme comprises three 600-650m diamond drillholes and is the maiden test of a spread of IOCG targets at the Wilma, Pebbles and Dino prospects within the Georgina Project area (EL32109). The drilling is covered by one of the two co-funding grants awarded to MDI. The drill targets are based on interpretations and modelling of detailed geophysical data.

The drillholes are designed to test well-defined density anomalies ('shoots') that are consistent with the densities, size, and geometries of known examples of the target deposit types. All drill targets are 'blind' beneath post-mineralisation cover. Each presents as a significant scale discovery opportunity.

Middle Island was awarded the maximum $300,000 in aggregate under two co-funding grants under Round 17 of the Northern Territory Government's Geophysics and Drilling Collaborations ("GDC") program. The GDC program is a competitive program funded by the Northern Territory Government as part of the Resourcing the Territory initiative, administered by the Northern Territory Geological Survey. Planned drill programmes at Barkly are being conducted in stages; a next round of drilling at the Bedrock Prospect (recipient of the second co-funding grant) is currently proposed for the later part of 2024.