Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (June 2024)
48 slides from Midland Exploration's investor presentation, June 2024
Slide 1: The Next Major Discoverer in Quebec
The Next Major Discoverer in Quebec June 2024 Corporate Presentation
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Slide 3: 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 4: Midland Exploration Summary
Midland Exploration Summary Prospect Generator / Joint-Venture Model; Quebec focus, exploring for gold and critical minerals (Ni-Cu-Li); 86.9 million shares outstanding; Management: 15%, Institutions: 45%, Retail: 40% 93.1 million shares fully diluted; No debt, $6.8 million in cash in the treasury;
Slide 5: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization BHP Common Shares Outstanding (basic) 86,870,758 4.8% Management & Insiders Options 6,260,000 14.7% Fully-Diluted Shares Outstanding 93,130,758 Retails 40% Adrian Day Asset Current Assets & Revenue ($CAD) Manage
Slide 6: Strong Management Expertise
Strong Management Expertise JEAN-PIERRE JANSON GINO ROGER Chairman and Director CEO and Director INGRID MARTIN PAUL ARCHER Chief Financial Officer Director LEGAL ADVISORS Lavery ANNIE DUTIL Director Technical Team - JF Larivière (Chief Geologist) CONSULTANTS - Richard St-Cyr (Exploration Director) J
Slide 7: 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 Active Option Agreement Travaux d’exploration historique ➢ IAMGOLD : Heva ➢ Rio Tinto
Slide 8: Midland Recent Highlights
Midland Recent Highlights Agreement amendment with Rio Tinto with the addition of $350K cash and $5.5M in work; One year extension for the generative phase with BHP with a budget of $3.5 M in 2024; New lithium discoveries with Rio Tinto and Brunswick on our Galinée and Elrond projects; New option ag
Slide 9: Midland Active Projects Location
Midland Active Projects Location Midland Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland SOQUEM (Cu-Au-Zn) Midland / BHP (Ni-Cu-Co) Midland / Agnico Eagle (Au) Midland / Wallbridge (Au) Midland / Probe Gold (Au) Midland / Rio Tinto (Li) Midland / Barrick (Au) Midland / Electric Element (Li) and Bruns
Slide 10: Abitibi Midland’s Projects
Abitibi Midland’s Projects QUEBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 9
Slide 11: Abitibi Geology – Work in Progress
Abitibi Geology – Work in Progress Wallbridge – Option Casault Nomans 100% Midland Kenorland / Newmont Option Drilling upcoming Mag HR MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Prospecting upcoming Casault Wallbridge Opt Fleuribleu Samson Nomans ZONE 58N Lower Détour Fault Gaudet-Fen
Slide 12: Porcupine-Destor Fault – Geology
Porcupine-Destor Fault – Geology Fayolle (Typhoon) 10.2 g/t Au on 5.0 m 15.5 g/t Au on 3.0 m 12.1 g/t Au on 3.0 m 15.6 g/t Au / 1.0 m Porcupine-Destor Fault Gadoury Showing 6.3 g/t Au / 0.98 m McDermott Showing 8.6 g/t Au on 1.20 m Lac Patris Showing 38.7 g/t Au (Grab Sample) La Pause Fault Patris P
Slide 13: Barrick Patris – VTEM + Prospecting August 2023
Barrick Patris – VTEM + Prospecting August 2023 12 12
Slide 14: Intrusion (3D and Structural Geology)
Intrusion (3D and Structural Geology) Structural Legend Foliation Cleavage Dyke Foliation dipping to SW Vein Foliation dipping to NE Stretching lineation • Dominant stretching lineation to 48→268 defining elongation of modeled intrusion 500 m 13 13
Slide 15: Drill for Till Sonic Program – Winter 2024
Drill for Till Sonic Program – Winter 2024 Efficient screening of property using tracked Sonic rig Drill for till holes 151 holes for 5,200m Fault 115 holes for 4,000m on public land N Granodiorite Esker 36 holes for 1,200m on private land intrusion Bogs Permit delay for private land (submitted July
Slide 16: Detour Trend – La Peltrie New Discovery Location
Detour Trend – La Peltrie New Discovery Location Wallbridge Casault Option ▪ $ 5 M / 4 years ▪ $750,000 1st year Midland-Wallbridge ▪ Jeremie$600,000 Cash Payments New Discovery ▪ Expenditures at Dec. 31 : $3.1 M 6.85 g/t Au / 2.0 m WALLBRIDGE MARTINIERE BUG LAKE FENELON GOLD DETOUR LAKE Ind Res. 2.
Slide 17: 2023 Follow-up Drilling on Cu-Au-Ag-Mo Discovery
2023 Follow-up Drilling on Cu-Au-Ag-Mo Discovery LAP-23-20 0.12 % CuEq* over 400.2 m Including 0.56 % CuEq* over 13.2 m LAP-22-12 & 12EXT (Total) 0.20 % CuEq* over 513.5 m OPEN LAP-23-21 0.15 % CuEq* over 66.0 m and 0.19 % CuEq* sur 22 m LAP-22-12 (Discovery Hole) 0.13 % Cu (0.21 % CuEq*) over 345.5
Slide 18: La Peltrie Cu-Discovery Cross Section
La Peltrie Cu-Discovery Cross Section LAP-22-019 LAP-22-012 0.25% CuEq over 15.2m (25.2-40.4m) 0.5% CuEq over 14m (112-126m) 0.7% CuEq over 12m (137-149m) Sh 55⁰ Sh 50⁰ Sh 80⁰ 0.5% CuEq over 5m (155-160m) 0.5% CuEq over 15.5m (188-203.5m) 0.5% CuEq over 8.5m (210.5-219m) Bx • pyrrhotite present thro
Slide 19: La Peltrie 2024 Soil Sampling
La Peltrie 2024 Soil Sampling – 1,200 LAP-22-014 0.1 g/t Au over 1m (169.5- 170.5m) 0.1 g/t Au over 1m (264-265m) 0.1 g/t Au over 1m (274.5- 275.5m) 0.2 g/t Au over 2m (364-366m) 1,500 samples MA-16-005 17 g/t Au / 1.0m DET-22-003 2.7 g/t Au / 1.0m 1,200 samples 750 samples 18 18
Slide 20: James-Bay Midland’s Projects
James-Bay Midland’s Projects QUÉBEC Midland James-Bay Abitibi Gold Belt Montréal 19
Slide 21: Midland – Rio Tinto New Option for Lithium
Midland – Rio Tinto New Option for Lithium Granite Mythril East, Chisaayuu & Corvette Metasediment • LiDAR completed Galinée Metavolcanic New Li Discovery Tonalitic Unit • LiDAR completed Gneiss • MAG-RAD completed Corvette Li pegmatites (Patriot Battery Newmont Metals) Éléonore Gold Mine New Li Dis
Slide 22: James Bay: New Lithium Discoveries
James Bay: New Lithium Discoveries Lithium Occurrences Granite New Discovery Tilly South Metasediment Midland/Rio Tinto Metavolcanic Option Tonalitic Unit Midland Chisaayuu project Gneiss Main Road Rio Tinto Option Mythril East (East block) Brunswick Mirage Mythril project Lasalle project 1,55% Li2O
Slide 23: Galinée New Lithium Discovery
Galinée New Lithium Discovery Lithium Showing Granite Metasediment New Discovery Metavolcanic Midland/Rio Tinto Option Galinée project Tonalite Iceberg Spodumene Gneiss Pegmatites Dykes Iceberg South-West Up to 7.2% Li2O Grab New Discovery Adina Li (Winsome) up to 3.6% Li2O, 58.5 Mt at 1.12% Li2O in
Slide 24: Galinée Iceberg New Lithium Discovery
Galinée Iceberg New Lithium Discovery 3.84 % Li2O 6.99 % Li2O 6.29 % Li2O 3.74 % Li2O 5.39 % Li2O 4.93 % Li2O 3.27 % Li2O 3.27 % Li2O 5.89 % Li2O 4.98 % Li2O 5.84 % Li2O 7.21 % Li2O 23 23
Slide 25: South & Southwest New Showings
South & Southwest New Showings Iceberg Spodumene Pegmatites Dykes Up to 7.2% Li2O Iceberg South-West Grab up to 3.6% Li2O, Float with 4.1 Li2O Iceberg South Grab subcrop 0.7% Li2O 24 24
Slide 26: Midland RTEC – Galinée
Midland RTEC – Galinée • Intend on drilling the Lithium Occurrences Proposed DDH entire 5.8M CAD Iceberg Midland/Rio Tinto Option • Initial drilling program will Showing Midland Main Road focus on the Iceberg Showing and extend regionally from it • Proposed and planned drill pattern of RTEC Iceberg
Slide 27: Midland RTEC – Galinée
Midland RTEC – Galinée Prospecting Program • Further prospecting program will take advantage of magnetic data (low) and LiDAR • LiDAR treatment on the slope angle will be used to identify outcrops to prospect 26 26
Slide 28: Midland – James Bay Li Projects and Brunswick Option
Midland – James Bay Li Projects and Brunswick Option Midland/Brunswick Mythril Option Granite Metasediment Midland/Brunswick Metavolcanic Elrond Option Tonalitic Unit New Arwen Discovery Gneiss Spodumene-bearing Pegmatites Corvette Li pegmatites (Patriot Battery Metals) New Li Discovery Adina (Winso
Slide 29: Elrond and Serpent Lithium
Elrond and Serpent Lithium Elrond Li Pegmatites; Arwen showing Serpent: Channel: 0.82 Li2O / Red areas are where Spodumene was observed 20m (dyke still open in width) 6 ddh, 770 m completed 28 28
Slide 30: 2021 Till Survey on Elrond
2021 Till Survey on Elrond Ta in tills HMC • Till survey for gold. HMC analyzed for multiple elements by INAA + ICP aqua-regia. Li not analyzed and separation at SG Serpent Li > 3.3 (Spodumene is 3.2). Ta minerals however are heavy discovery (tantalite S.G 8.2) 145 ppm Ta 275 ppm W > 30 g/t Au 6 sam
Slide 31: Midland Projects: Eeyou Istchee James Bay
Midland Projects: Eeyou Istchee James Bay Intrusive Mythril , Mythril Sedimentary East,Tilly, Chisaayuu Volcanic & Corvette Galinée Newmont Corvette Li Éléonore Gold Mine pegmatites Adina Li Caniapisc Au (Patriot Battery (Winsome) Metals) New Project Komo Moria Stornoway Diamond Corp. Renard Mine Gî
Slide 32: New Project: Caniapisc Au
New Project: Caniapisc Au Intrusive Gold Showing Midland Caniapisc Au Sedimentary Volcanic New Project Till Samples Main glacial Gold Anomalies dispersion Peacock Showing Area Up to 1.7 g/t Au on 7.0m (channel) 4.4 g/t Au on 1.0m (drilling) 31 31
Slide 33: Labrador Trough Midland’s Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) Abitibi Gold Belt 32
Slide 34: Midland BHP, SOQUEM Nunavik Alliances
Midland BHP, SOQUEM Nunavik Alliances 2024 Exploration Plan ▪ High-definition VTEM surveys (Xcalibur) ▪ Claiming, mapping and prospecting Strategic Alliance Ni-Cu-Co Midland-BHP Midland-NMEF JV Ni-Cu $3.5M additional for the Nachicapau 2024 Generative Phase 2022-23 New Cu-Au Papavoine Discovery Sois
Slide 35: 2022-2023 Field Work Results
2022-2023 Field Work Results Area of historical high grade Zn boulders up Legend to 17.50 % Zn (#43390439) Nachicapau Field work Lake 2023 : New Rock samples 2022-2023 Cu ppm deformation zone 2023 Discovery 2023 Discovery 3.33 % Cu, 3.98 g/t Au 0.28% Cu, 0.35 g/t Au Boulder mineralized bornite vein
Slide 36: Nachicapau : 2022-2023 Rock Sampling
Nachicapau : 2022-2023 Rock Sampling (a) Outcrop showing malachite – bornite veins (b) malachite – bornite veins at surface C878152: 40.8g/t Au 35
Slide 37: Midland Grenville Projects Location
Midland Grenville Projects Location Midland / Rio-Tinto (Ni-Cu) ABITIBI GOLD BELT 36
Slide 38: Tête-Nord Project – Santos Location
Tête-Nord Project – Santos Location Lac Curé Ni-Cu Cabouron Cu Midland/Rio Tinto Option Kiskissink Ni-Cu Midland 100% New Zone Ni-Cu Santos 2023 0.45% Ni, 0.18% Cu on 10.37 m (MDLD0015) Rio Tinto 100% Lac Matte Ni-Cu Ghislaine Cu Including : 1.1% Ni, 0.71% Cu on 2.68 m Other claims 0.33% Ni, 0.12% C
Slide 39: New Drilling Target at Santos
New Drilling Target at Santos New Ni-Cu Zone Brisson New target MDLD0015 0.45% Ni, 0.18% Cu on 10.37 m Ni-Cu Santos Including : 1.1% Ni, 0.71% Cu on 2.68 m MDLD0015 Palmeiras Showing Favorable N-S structure MDLD0018 Next ddh 4 ddh; 1 250m MDLD0018 New target at depth 0.33% Ni, 0.12% Cu on 39.73 m EM
Slide 40: Santos Ni-Cu Zone – MDLD0015 (21-24m)
Santos Ni-Cu Zone – MDLD0015 (21-24m) 39 39
Slide 41: Santos Ni-Cu Zone – Mineralized Samples
Santos Ni-Cu Zone – Mineralized Samples 40 40
Slide 42: Santos 3D - Plate Model & DDH Proposal
Santos 3D - Plate Model & DDH Proposal 41 41
Slide 43: Coming Up for Midland Exploration
Coming Up for Midland Exploration Drilling James Bay RTEC Q2-2024: New discovery (Li) on Galinée up to 7.2% Li2O; Prospecting new Au anomalies (tills) on Nomans: May-June 2024; Drilling Patris Barrick Q3-2024: Gold intrusive drill program in Kewagama sediments; Drilling Elrond BRW Q3-2024 : Continui
Slide 44: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 43 43
Slide 45: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well-funded with more than $6.8M in cash in the treasury. More than $21.1M (MD $3.1M – Partners $18.0M) in exploration in 2024 with min. of 25,000 metres of drilling; $6.6M private placements with BHP
Slide 46: Thanks - Merci!!
Thanks - Merci!! 45 www.midlandexploration.com www.midlandexploration.com
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