Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (September 2022)
32 slides from Midland Exploration's investor presentation, September 2022
Slide 1: The Next Major Discoverer in Quebec
The Next ajor iscoverer in Quebec September 2022 Corporate Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements • Safe Harbour Statement Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. Such forward-looking statements involve known and unknow
Slide 3: Midland Exploration Summary
Midland Exploration Summary Prospect Generator / Joint-Venture Model; Quebec focus, exploring for gold, copper-gold, nickel and PGE; 75.7 million shares outstanding; Management: 8%, Institutions: 45%, Retail: 47% 81.2 million shares fully diluted; No debt, $8.0 million in cash in the treasury; $6.1M
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization BHP Common Shares Outstanding (basic) 75,667,797 5% Management & Insiders 8% Options 5,640,000 Adrian Day Asset Fully-Diluted Shares Outstanding 81,237,797 Management Retails 12.3% 47% Current Assets & Revenue (
Slide 5: Strong Management Expertise
Strong Management Expertise JEAN-PIERRE JANSON GINO ROGER Chairman and Director CEO and Director INGRID MARTIN RENÉ BRANCHAUD Chief Financial Officer Secretary and Director LEGAL ADVISORS Lavery PAUL ARCHER Director Technical Team - Mario Masson (Vp Explo.) - SylvainCONSULTANTS Trépanier ANNIE DUTIL
Slide 6: Good Quality Partners Since 2006
Good Quality Partners Since 2006 ! New Strategic Alliance 19 Historical Options Agreements ➢ BHP : Ni Alliance ➢ SOQUEM (3) : Gatineau Zn, Casault/Jouvex, Vermillon ➢ SOQUEM : Ni-Cu-Au Alliance ➢ Altius : James Bay Historical Exploration Work ➢ IAMGOLD : Heva Active Option Agreement Midland Partners
Slide 7: Midland Recent Highlights
Midland Recent Highlights One year extension for the generative phase with BHP ($1.4M) on our Ni Alliance; Drilling of 6,000 metres in progress in the Detour Belt with partners; VTEM survey in progress with Rio Tinto on our Tête Nord Ni option project; New gold discovery with Wallbridge on our Casau
Slide 8: Midland Active Projects Location
Midland Active Projects Location Midland Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) Midland / Agnico Eagle (Au) Midland / Wallbridge (Au) Midland / Probe Metals (Au) Midland / Osisko(Au) Midland / Samson (Au) Midland / Mythril (Cu-Au-Mo-Ag) ABITIBI GOLD
Slide 9: Abitibi Midland's Projects
Abitibi Midland’s Projects QUÉBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 9
Slide 10: Abitibi Geology – Midland Projects
Abitibi Geology – Midland Projects New Discovery Drilling 13 ddh’s (5,295 m ) 6.85 g/t Au / 2 m Kenorland / Newmont Option MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Drilling 14 ddh’s (4,285 m ) Casault Wallbridge Opt Fleuribleu Nomans ZONE 58N Lower Detour Fault Gaudet-Fenelon Probe
Slide 11: Longitudinal Cadillac Break - Midland Projects
Longitudinal Cadillac Break - Midland Projects Up to 41 g/t Au (grab) Midland / Agnico Eagle Maritime Cadillac JV (Au) Midland 100% Heva Project (Au) Target Area Agnico-Eagle - Yamana Malartic open pit 5 km Lapa New Target Area 11 11
Slide 12: Detour Trend Active Partnerships
Detour Trend Active Partnerships Wallbridge Casault Option ▪ $5 M / 4 years ▪ $750K 1st year Midland New Discovery up to 6,85 g/t Au / 2,0 m ▪ Cash payments Jeremie$600K ▪ Expenditures at Dec. 31 : $1.44M MARTINIERE BUG LAKE WALLBRIDGE Midland New Discovery DETOUR LAKE FENELON / TABASCO up to 99,1 g
Slide 13: Casault Option – Property Geology
Casault Option – Property Geology Martiniere & Bug Lake Historical Ind. Res. 0.59 Moz Au New Gold Discovery Hole CAS-21-123 6.85 g/t Au over 2.0 metres Bug Lake Zone Up to 18.13 g/t Au over 44.45 m 13 13
Slide 14: Casault Option – Magnetic Derivative
st Casault Option – 1 Magnetic Derivative NW-SE Structure Interpreted over 3 km New gold discovery Hole CAS-21-123 6.85 g/t Au over 2.0 metres Hole CAS-21-128 2.40 g/t Au over 0.60 metre 2.30 g/t Au over 0.60 metre Hole CAS-21-130 4.34 g/t Au over 1.0 metre 1.85 g/t Au over 0.65 metre E-W Structure
Slide 15: Casault Drilling Photos
Casault Drilling Photos 2021 2022 15 15
Slide 16: CAS-22-138
Mipsane Figure 6: Silicified V3B with quartz veining and disseminated and patchy Py mineralization. +e +. ETB catl ET ES RS SRE EE, ee 16 Figure 7: Felsic intrusive showing intense red hematite alteration.
Slide 17: Midland James Bay Projects
Midland James Bay Projects Mythril Project Cu-Au-Mo-Ag QPMC. La Pointe Gold Deposit Elrond Project Newmont Stornoway Diamond Corp. Au Éléonore Gold Mine Renard Mine Sirios Ressources Inc. New Patwon discovery Cheechoo Gold Deposit Azimut Exploration Inc. Eastmain Ressources Inc. Eau Claire Gold Depo
Slide 18: Mythril Regional New 2019-2020 Showings
Mythril Regional New 2019-2020 Showings Faramir Cu Showing 4 outcrop grabs Average: 0.17 % Cu New Tornado Au-Cu-Mo-Ag showing Up to 0.45 % Cu; up Up to: 4.7 gt Au (grabs); Up to: 0.39 % Cu (grabs) to 0.02 % Mo Float grab: 3.13 g/t Au, 0.35 % Cu Boromir Floats 2021 IP Surveys 22 mineralized float gra
Slide 19: West Float Fields
West Float Fields 12.0 % Cu, 0.33 g/t Au, 0.01 % Mo, 23.1 g/t Ag 19 19
Slide 20: Mythril Project – Drilling 2021
Mythril Project – Drilling 2021 2021 Drilling (June) 7 ddh’s ; 1,647 metres (including 1 ddh – MYT-21-43 on NE Grid MYT-21-38 MYT-21-42 0.25% CuEq / 104.6 m 1.7% CuEq / 1.75 m Including: Incl. 2.31% CuEq / 1.0 m MYT-21-41 0.74% CuEq / 28.5 m 0.40% CuEq / 5.0 m Including: MYT-21-40 Incl.1.82 % CuEq /
Slide 21: Copper Core Mineralization
Copper Core Mineralization MYT-19-006 11.8 % Cu, 3.96 g/t Au, 0.02 % Mo, 81.3 g/t Ag / 0.6 m, included in 1.07 % Cu, 0.37 g/t Au, 8.87 g/t Ag (1.41 % Cu equ.*) over 12.55 m MYT-19-011 8.15 % Cu, 3.58 g/t Au, 0.1 % Mo, 57 g/t Ag / 0.6 m, included in 1.34 % Cu, 0.69 g/t Au, 0.04 % Mo et 9.54 g/t Ag (2
Slide 22: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) 22
Slide 23: Nunavik – Midland Projects & Alliances
Nunavik – Midland Projects & Alliances Midland / BHP New Strategic Alliance Ni-Cu-Co Up to $4.2M over 2 years Midland Au Soissons Project -NMEF Willbob Project Ni-Cu. Midland-NMEF 50/50 Midland Ni-Cu Soissons Project Up to: 1.22 % Ni, 0.5 % Cu, 0.06 % Co Voisey’s Bay Mine Midland / SOQUEM New 136.7
Slide 24: Nunavik – Midland Projects & Alliances
Nunavik – Midland Projects & Alliances Pallas PGE Midland-NMEF JV Ni-Cu Strategic Alliance Ni-Cu Willbob Au Midland-BHP MT surveys & Field program for 2022 Soissons Ni-Cu Strategic Alliance Midland-SOQUEM Field program for 2022 & Follow-up on Rubeo float 40.8 g/t Au 24 24
Slide 25: L2 New Ni Prospect
L2 New Ni Prospect New Ni Showing 0.61% Ni, 0.34% Cu, 0.11% Co 25 25
Slide 26: Rubeo High Grade Gold-Bearing Boulder Discovery
Rubeo High Grade Gold-Bearing Boulder Discovery C878152: 40.8g/t Au C878152: 40.8g/t Au C878152: 40.8g/t Au 26 26
Slide 27: Midland Grenville Ni-Cu Projects Location
Midland Grenville Ni-Cu Projects Location Midland / Rio-Tinto (Ni-Cu) ABITIBI GOLD BELT 27
Slide 28: Tête-Nord/Rio Tinto (Nickel-Copper-Cobalt)
Tête-Nord/Rio Tinto (Nickel-Copper-Cobalt) Located in southern Quebec, about 25 kilometers East of La Tuque, in an area with very good infrastructure. 9 strategically located claim blocks, total 523 km2. Within the La Bostonnais complex (Grenville geological province), that contains numerous Ni-Cu-C
Slide 29: Coming Up for Midland Exploration
Coming Up for Midland Exploration New strategic partnerships (Au and Ni projects) – Abitibi projects priority; Casault Option Wallbridge (Au): MAG Geophysics and drilling (Phase 1 – 1,500 m); La Peltrie Option Probe (Au): IP Geophysics and drilling (4,000 m); Lewis (Au): MAG Geophysics and drilling
Slide 30: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 30 30
Slide 31: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well funded with more than $8.0M in cash in the treasury. More than $8.5M (MD $3.5M – Partners $5.0M) in exploration in 2022 with minimum of 20,000 metres of drilling; $6.1M private placements with BHP
Slide 32: Merci! Thank you!
Merci! Thank you! The Next Major Discoverer in Quebec 32 www.midlandexploration.com
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