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Middle Island buys Sandstone

WEST Africa gold guru Rick Yeates has overseen the acquisition of a gold project in West Australia, with Middle Island Resources' Sandstone purchase for a headline price of $A2.5 million seeing the junior acquire a processing plant and low grade resources totalling nearly half-a-million ounces.

Michael Quinn
Middle Island buys Sandstone

Middle Island believes it can be in production in about 18 months, with the closed 600,000 tonne per annum plant – which was previously long operated by Troy Resources – expected to need about $5-8 million...

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