Starting in 2024, MDI has been acquiring a strategic project position in the New England Fold Belt (NEFB) in eastern Qld. The NEFB, with a total endowment +35Moz gold, hosts several large deposits including the Mt Morgan (gold-copper), Mt Rawden (gold) and Cracow (gold) Mines within Qld and the Hillgrove (gold-antimony) in NSW. Large areas of the NEFB are underexplored despite evident prospectivity and a historical endowment of small-scale mining.

Five separate project area have been selected Three projects have Exploration Permits for Minerals (EPMs) granted (Ridgelands, Greenbank and Cockatoo Projects) and other two areas have applications pending grant.

• The Ridgelands Project, , covers the historical Ridgelands Goldfield located 35km WNW of Rockhampton and ~48km North of the Mt Morgan mine.
• The Greenbank Project is located 90km SW of Bundaberg and ~13km west of the Mt Rawden mine.
• The large Cockatoo Project covers exploration targets located from ~20km South of the Cracow gold

The Queensland projects were identified by reviews of open ground and selected as having potential for porphyry copper-gold, epithermal-gold and skarn-copper style deposits. All the project areas have walk-up targets with varying evidence of mineralising processes; either historical mine workings, recorded copper or gold occurrences and/or geophysical anomalies. No rents are payable on project Exploration Permits for Minerals (EPMs) due to a State Government Critical Minerals rent waiver that extends to 31 August 2028 giving MDI a low-cost entry into the region. Initial targeting will screen broad areas and reduce them to priority targets.

Compilation of historical background exploration and landholder data on the projects is being undertaken systematically once project tenements are granted with the aim of establishing access agreements and conducting reconnaissance exploration fieldwork.