Middle Island Resources Limited (MDI) 2014年年度报告「ASX」.pdf

1、Middle IslandRESOURCES LIMITED MIDDLE ISLAND RESOURCES LIMITED ABN 70 142 361 608Annual Report for the period ended 30 June 2014A N N U A L R E P O R T 2 0 1 4C O N T E N T SMANAGING DIRECTORS OVERVIEW-1OPERATIONS OVERVIEW-3DIRECTORS REPORT-13AUDITORS INDEPENDENCE DECLARATION-22CORPORATE GOVERNANCE

2、STATEMENT-23CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME-28CONSOLIDATED STATEMENT OF FINANCIAL POSITION-29CONSOLIDATED STATEMENT OF CHANGES IN EQUITY-30CONSOLIDATED STATEMENT OF CASH FLOWS-31NOTES TO THE FINANCIAL STATEMENTS-32DIRECTORS DECLARATION-51INDEPENDENT AUDITORS R

3、EPORT-52ASX ADDITIONAL INFORMATION-54M I D D L E I S L A N D R E S O U R C E S L I M I T E D A N N U A L R E P O R T 2 0 1 41M A N A G I N G D I R E C T O R S O V E R V I E WDear Fellow Shareholders,I present Middle Island Resources 2014 Annual Report,providing a summary of the past years activities

4、 and challenges.Despite an extended period of negative market sentiment in the junior exploration sector,the fundamentals of your Company remain positive.Middle Island holds more cash than the majority of its peers,the capital structure remains intact,the share register is extremely tight and strong

5、,the core of an excellent technical and administrative team has been preserved,and the Companys projects and opportunities remain extremely prospective.Nonetheless,the 2013-14 financial year was extremely challenging for gold explorers in the West African space.The situation has been exacerbated by

6、decisions at the hands of the Niger Mines Ministry,firstly in frustrating your Companys efforts to complete the Samira Hill gold mine acquisition from SEMAFO Inc.and more recently refusal to extend the Deba and Tialkam permits,which host the Sefa Nangue and Tialkam South deposits,proximal to the Sam