Middle Island Resources Limited · ASX:MDI
Middle Island Resources — Shareholder Meeting (November 2021)
17 slides from Middle Island Resources's shareholder meeting presentation, Nov 24, 2021
Slide 1: Exploring for Copper in Elephant Country
For personal use only Exploring for Copper in Elephant Country Middle Island Resources Barkly Copper Gold Focus Annual General Meeting – November 2021
Slide 2: AGM Resolutions
AGM Resolutions For personal use only For Against Discretion Resolution 1 Adoption of 11,509,650 95.12% 562,086 4.65% 28,623 0.24% Remuneration Report Resolution 2 Re-Election of Peter 13,105,192 96.13% 499,242 3.66% 28,623 0.21% Thomas as a Director Resolution 3 Election of Director – 13,123,482 96
Slide 3: Exploring for Copper in Elephant Country
For personal use only Exploring for Copper in Elephant Country Middle Island Resources Barkly Copper Gold Focus Annual General Meeting – November 2021
Slide 4: 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 5: Capital Structure
Capital Structure ASX Code: MDI For personal use only Shares on Issue 122M Unlisted Options 21.6M Number of Shareholders ~2,300 Top 20 Shareholders ~46% Institutions ~11% Directors ~3% Cash & Investments (15 November 2021) A$2.0M Market Cap at 10cps (15 November 2021) A$12M 5 5
Slide 6: Investment Highlights
Investment Highlights For personal use only • Barkly Super Project (COPPER) • MDI has secured a dominant > 5,220km2 position • Crosswind's copper prospect discovered during first site visit. • Prospective unexplored IOCG province (i.e. Olympic Dam style) • Recent 10 holes drilled by MinEX CRC’s Nati
Slide 7: Barkly Tableland - Infrastructure
Barkly Tableland - Infrastructure For personal use only Source – AGES Conference, Alice Springs, NT April 2021 7 7
Slide 8: Barkly Copper-Gold Super-Project - NT
Barkly Copper-Gold Super-Project - NT • Permits & applications 5,220km² For personal use only • First-mover along recently identified ‘East Tennant’ prospective for IOCG. • MDI permits adjoining Rio Tinto & Newcrest Mining. • Crosswinds copper discovery provides proof of concept. • NDI intersected s
Slide 9: Barkly Project – Crosswinds Copper Discovery
Barkly Project – Crosswinds Copper Discovery • Significant copper oxide identified at MDI’s Crosswinds For personal use only prospect. • Spot pXRF readings between 24.8% and 76.2% Cu. • Composite chip sampling assays of 130m at 0.76% Cu. • Reflects migration of copper along growth faults extending f
Slide 10: Barkly Project – National Drilling Initiative
Barkly Project – National Drilling Initiative For personal use only • Core released to public on Friday 23 April 2021. • 10 holes drilled (~4,000m) through cover into PROSPECTIVE basement. • Basement intersected between 80 to 200m on average • Tennant Creek basement intercepted • Hole NDIBK04 interc
Slide 11: Barkly Project – Encounter Resources
Barkly Project – Encounter Resources For personal use only • Jessica Prospect – 3m @ 1.5%Cu (ASX - 19 Aug 2020) – discovered by analysing old water bores with a pXRF • BHP JV (Elliot Project) – $22M for 75% over 10 years (ASX - 24 Sept 2020) 11 11
Slide 12: Sandstone Gold Project - 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 13: Sandstone Gold Project – Five New Deposits
Sandstone Gold Project – Five New Deposits • Five new, shallow, satellite For personal use only 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 (close to surface) 9m @ 5.41g/t 7m @ 6.49g/t • McClaren: 4m @ 90.6g/t 3m @ 29.8g/t 8m @ 3.3
Slide 14: Sandstone Gold Project – 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 15: Sandstone Gold Project – Consolidation Opportunities
Sandstone Gold Project – Consolidation Opportunities For personal use only • Logical district-scale consolidation opportunity. • Only plant within 150km; central processing hub. • At least 15 stranded gold deposits aggregating ~1.8Moz within 100km. • Upgrade justified on consolidation of third party
Slide 16: Sandstone – Resource Statement
Sandstone – Resource Statement Table 1 For personal use only Sandstone Mineral Resources, 30 June 2021 Sandstone Open Pit Deposits – Summary Mineral Resource Estimates (2012 JORC Code) at 0.5g/t cut-off Indicated Inferred Total Deposit Tonnes Au Au Tonnes Au Au Tonnes Au Au kt g/t Oz kt g/t Oz kt g/
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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