Middle Island Resources Limited (MDI) 2017年年度报告「ASX」.pdf

1、E x p l o r i n g G o l d e n F r o n t i e r sMiddle IslandRESOURCES LIMITED A N N U A L R E P O R T 2 0 1 7 E x p l o r i n g G o l d e n F r o n t i e r sE x p l o r i n g G o l d e n F r o n t i e r sM 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 71C O N T

2、E N T SMANAGING DIRECTORS OVERVIEW 3DIRECTORS REPORT 20CORPORATE GOVERNANCE STATEMENT 30CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 31CONSOLIDATED STATEMENT OF FINANCIAL POSITION 32CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 33CONSOLIDATED STATEMENT OF CASH FLOWS 34NOTES

3、TO THE CONSOLIDATED FINANCIAL STATEMENTS 35DIRECTORS DECLARATION 58INDEPENDENT AUDITORS REPORT 59ASX ADDITIONAL INFORMATION 63M 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 73Middle IslandRESOURCES LIMITED M A N A G I N G D I R E C T O R S O V E R V I E WDear F

4、ellow Shareholders,It is little more than 12 months since your Company acquired the Sandstone gold project in WA,embarking immediately on an intensive exploration and feasibility programmes,driven by the fundamentals of delivering an economic,but sustainable,gold mining and processing business at Sa

5、ndstone.The inputs included significant exploration and resource definition drill programs,an assessment of data from previous owners of the project,and significant technical and other work as part of the pre-feasibility study(PFS)into re-commissioning the Sandstone mill.It therefore gives me pleasu

6、re to present our 2017 Annual Report that captures elements of what has been a key year towards your Company successfully transitioning from project owner to eventual profitable,long-term gold producer.While the PFS outcome proved positive on an operating basis,when the required capital was brought