Middle Island Resources Limited · ASX:MDI
Middle Island Resources — Investor Presentation (May 2017)
20 slides from Middle Island Resources's investor presentation, May 9, 2017
Slide 1: Exploring Golden Frontiers
For personal use only Exploring Golden Frontiers Middle Island Resources May 2017
Slide 2: Disclaimer Notice and Competent Person's Statement
Disclaimer Notice and Competent Person’s Statement For personal use only Disclaimer Notice The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Middle Island Resources Limited (“MDI”) nor do
Slide 3: Capital Structure
Capital Structure ASX Code: MDI For personal use only Shares on Issue ~586M Unlisted Options 38.3M Number of Shareholders 664 Top 20 Shareholders ~54% Institutions ~13% Directors ~12% Cash (as at 31 March 2017) ~A$2.8M Market Cap (at ~A$0.02) ~A$11.7M 3 3
Slide 4: Sandstone Gold Project - Summary
Sandstone Gold Project - Summary For personal use only • A 100% interest in the Sandstone gold project in Western Australia. • Two adjacent, granted & fully permitted Mining Leases collectively covering 20 square kilometres. • Mineral Resources (JORC 2004) of ~11Mt grading 1.4g/t Au for 480,000 ounc
Slide 5: Location & Tenure
Location & Tenure For personal use only • ~11km south of Sandstone, 600km northeast of Perth. • All-weather, sealed road between Mt Magnet and Leinster. • Two granted Mining Leases of 20 square km that pre- date Native Title; M57/128 & M57/129. • Operating licence, permitted tailings storage facilit
Slide 6: Processing Plant
Processing Plant • 600,000tpa CIP For personal use only plant. • C&M since 2010. • Conventional grinding, milling & leach circuits. • Refurbishment costs of $8.05M, plus owner’s costs of $1.28M. • Only processing plant for 150km. 6 6
Slide 7: Infrastructure
Infrastructure • Contract diesel-generated For personal use only power plant. • Fuel tanks, workshops, laboratory & mine offices. • Substantial inventory of equipment & spares. • Permitted in-pit tailings facility & bore field. • Fully equipped camps (accommodating 100) in nearby Sandstone. • Explor
Slide 8: 2017 Sandstone Focus
2017 Sandstone Focus For personal use only • Temporary deferment of plant recommissioning. • Enhance & extend mine life and production profile. • Focus on higher grade, low strip ratio, open pit material that can be incorporated early in the production schedule. • Targeting study & gravity survey (c
Slide 9: 2017 Progress - Targeting Study
2017 Progress - Targeting Study • Weights of evidence targeting For personal use only study completed. • North-trending structures & proximity to felsic intrusive bodies identified as key criteria. • Larger, higher priority targets identified on Wirramina trend & southeast of Shillington. • Former t
Slide 10: 2017 Progress - Gravity Survey
2017 Progress - Gravity Survey • Infill gravity survey completed For personal use only as a key recommendation of targeting study. • Designed to confirm/refine location of felsic intrusive bodies similar to Two Mile Hill tonalite. • Data processing & interpretation in progress, but results to date v
Slide 11: 2017 Progress - Greenfields Targets
2017 Progress - Greenfields Targets • Macintyre associated with large, For personal use only high tenor gold soil anomaly, with significant RAB drilling results of 11m at 3.31g/t & 17m at 2.24g/t Au. • Broad zones of near-surface gold mineralisation associated with dislocated BIF along Shillington t
Slide 12: 2017 Progress - Brownfields Targets
2017 Progress - Brownfields Targets • Two Mile Hill tonalite; For personal use only 372.7m at 1.52g/t 230.4m at 1.62g/t 353.3m at 1.04g/t 141.0m at 2.30g/t 156.3m at 1.14g/t • Adjacent, obliquely intersecting BIF some 200m below surface; 8.5m at 49g/t 13.7m at 26g/t 4.5m at 25g/t 3.4m at 30g/t 3.5m
Slide 13: BIF & Tonalite Targets - Two Mile Hill
BIF & Tonalite Targets - Two Mile Hill For personal use only 13 13
Slide 14: BIF & Tonalite Targets - Two Mile Hill
BIF & Tonalite Targets - Two Mile Hill • Two further BIF For personal use only horizons identified. • Re-sampling results (true widths) include: 22m at 23.8g/t Au 8m at 56.0g/t Au 5m at 26.5g/t Au • 2 x ~500m diamond holes recently completed under EIS grant – assay results pending. • Testing dual EM
Slide 15: Underground Mining Concept Studies
Underground Mining Concept Studies For personal use only • Concept studies commenced on underground mining scenarios at Two Mile Hill. • Selective mining of high grade BIF-hosted mineralisation. • Decline access via either Two Mill Hill or Shillington pit cutbacks. • Bulk mining (block or sub-level
Slide 16: 2017 Progress - Transactions
2017 Progress - Transactions • Documentation well advanced on acquisition of For personal use only adjacent resources and exploration potential. • Other proximal acquisitions to consolidate tenure under review & negotiation. • Discussions progressing on toll-milling or production-sharing arrangement
Slide 17: Production Plan
Production Plan For personal use only • 2016 PFS outcome insufficient, but a solid basis for enhancement. • Identify & quantify additional (higher grade) deposits. • Complete feasibility study. • Targeting late 2017 recommissioning decision, pending successful exploration, feasibility & financing ou
Slide 18: Reo Gold Project – Burkina Faso
Reo Gold Project – Burkina Faso For personal use only • Exploration Target of 1-2Moz gold. • Improved market sentiment towards West Africa. • Permit extension applications progressing. • Seeking partner to help fund project through to feasibility. • Or recommence exploration in own right. 18 18
Slide 19: Investment Highlights
Investment Highlights For personal use only • Potential near-term gold production at Sandstone requiring modest capital. • Considerable additional resource & exploration upside. • Opportunity to consolidate or toll-treat third-party deposits within Sandstone district. • Deeper Two Mile Hill potentia
Slide 20: Thank you & questions
For personal use only Unit 1, 2 Richardson Street West Perth Thank you & questions Western Australia, 6005 Tel +61 (08) 9322 1430 Fax +61 (08) 9322 1474 www.middleisland.com.au
Middle Island Resources — Investor Presentation (May 2017) on 6ix