Middle Island Resources Limited · ASX:MDI
Middle Island Resources — Shareholder Meeting (November 2020)
17 slides from Middle Island Resources's shareholder meeting presentation, Nov 26, 2020
Slide 1: Exploring Golden Frontiers: Towards a Sandstone Recommissioning
For personal use only Exploring Golden Frontiers Middle Island Resources Towards a Sandstone Recommissioning Annual General Meeting – November 2020 1
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: Investment Highlights
Investment Highlights • Sandstone (WA) & Barkly (NT) projects 100% owned. For personal use only • 600,000tpa Sandstone processing plant; fully permitted, operating licence. • Sandstone JORC (2012) Mineral Resources of 746,500oz gold*. • ~50,000m exploration and resource definition drilling campaign
Slide 4: Location & Tenure
Sandstone Gold Project - Location & Tenure • 11km south of Sandstone, For personal use only 400km NW of Kalgoorlie. • Sealed highway between Mt Magnet & Leinster. • 100% interest in 180km2. • Includes two fully permitted Mining Leases that pre-date Native Title. • Existing gold processing plant on s
Slide 5: Strategy & Vision
Sandstone Gold Project – Strategy & Vision Strategy & Vision comprises three sequential elements: For personal use only Recommission Sandstone gold plant at the earliest opportunity. Consolidate additional deposits & exploration tenure within the broader Sandstone district around central process
Slide 6: Processing Plant & Infrastructure
Sandstone Gold Project - Processing Plant & Infrastructure • 600,000tpa CIP For personal use only plant. • Refurbishment costs of $10.3M; 5 months to refurbish. • Fully permitted; operating licence, permitted tailings storage, licensed bore field. • Contract power plant, fuel tanks, workshops, labor
Slide 7: Processing Plant & Infrastructure
Sandstone Gold Project - Processing Plant & Infrastructure • Contract diesel-generated For personal use only power plant; LNG under consideration. • Fuel tanks, workshops, laboratory & mine offices. • Substantial inventory of equipment & spares. • Permitted tailings storage facility & bore field. •
Slide 8: Consolidation Opportunities
Sandstone Gold Project – Consolidation Opportunities • Only plant within 150km; For personal use only central processing hub. • At least 15 stranded gold deposits aggregating 1.8Moz within 100km. • Significant M&A activity in district (SPX & AME). • Pursuing any or all of several consolidation oppor
Slide 9: 2020 Exploration Program
Sandstone Gold Project – 2020 Exploration Program • 50,000m drilling For personal use only campaign completed; has doubled open pit Mineral Resources. • Assessed five deposit extensions & 14 new targets. • Five new discoveries; McClaren, McIntyre, Ridge, Old Town Well & Plum Pudding. • Updated resou
Slide 10: Five New Deposits
Sandstone Gold Project – Five New Deposits • Five new, shallow, For personal use only satellite gold deposits defined:- • McIntyre: 23m @ 2.08g/t 24m @ 1.95g/t 18m @ 2.47g/t • Ridge: 4m @ 99.5g/t 4m @ 50.5g/t 9m @ 5.41g/t 7m @ 6.49g/t • McClaren: 4m @ 90.6g/t 3m @ 29.8g/t 8m @ 3.35g/t 10 10
Slide 11: Five New Deposits
Sandstone Gold Project – Five New Deposits • Plum Pudding: For personal use only 11m @ 22.5g/t 7m @ 24.1g/t 17m @ 8.16g/t 7m @ 19.0g/t • Old Town Well: 3m @ 20.6g/t 14m @ 2.22g/t 6m @ 3.23g/t • All located on permitted Mining Leases within 2.5km of processing plant. • Resource estimates & updates co
Slide 12: Two Mile Hill Deeps
Sandstone Gold Project - Two Mile Hill Deeps • Tonalite plug extends to For personal use only at least 700m depth. • Sheeted quartz veins; sericite-carbonate-pyrite alteration. • 480,000oz from 140m to 500m depth. • Tonalite intersections; 508.3m at 1.38g/t 372.7m at 1.52g/t 230.4m at 1.62g/t • Open
Slide 13: Two Mile Hill BIF
Sandstone Gold Project - Two Mile Hill BIF • High grade gold hosted For personal use only in BIF units immediately adjacent to tonalite. • Gold associated with pyrite replacement of magnetite horizons. • True width intercepts include:- 22m at 24g/t 8m at 56g/t 5m at 27g/t 5m at 22g/t • Multiple ore
Slide 14: Barkly Copper-Gold Super-Project - NT
Barkly Copper-Gold Super-Project - NT • New permits For personal use only comprising 3,253km² between Tennant Creek & Mount Isa. • First-mover along recently identified East Tennant Ridge. • Tier 1 iron oxide- copper-gold (IOCG) province. • Adjacent to Rio Tinto & Newcrest; endorses merit & strategy
Slide 15: Capital Structure
Capital Structure ASX Code: MDI For personal use only Shares on Issue 2,772M Unlisted Options 520M Number of Shareholders 2,649 Top 20 Shareholders ~50% Institutions 11% Directors 6% Cash & Investments (23 November 2020) A$8.0M Market Cap at 1.4cps (23 November 2020) A$30M 15 15
Slide 16: Resource Statement
Sandstone – Resource Statement Table 3 For personal use only Sandstone Gold Project Mineral Resource Statement COG Grade (g/t Contained Gold (g/t Au) Deposit Tonnes Au) (oz.) JORC Classification JORC Code Two Mile Hill – Open Pit1 0.7 1,115,000 1.39 52,000 Indicated 2012 Two Mile Hill – Open Pit1 0.
Slide 17: Thank you
For personal use only Thank you Unit 1, 2 Richardson Street West Perth Western Australia, 6005 Tel +61 (08) 9322 1430 Fax +61 (08) 9322 1474 www.middleisland.com.au
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