Middle Island Resources Limited · ASX:MDI
Middle Island Resources — RIU Resurgence Conference 2020
11 slides from Middle Island Resources's conference presentation, Sep 15, 2020
Slide 1: Exploring Golden Frontiers: Towards a Sandstone gold mill restart
For personal use only Exploring Golden Frontiers Middle Island Resources Towards a Sandstone gold mill restart RIU Resurgence Conference - September 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: 2020 Investment Highlights
2020 Investment Highlights • 100%-owned Sandstone (WA) & Barkly (NT) projects. For personal use only • Sandstone feasibility study due 4Q 2020. • Will inform restart decision for on-site gold mill. • Successful 50,000m Sandstone 2020 drill campaign. • Discovered five new satellite deposits. • Major
Slide 4: Gold Project
Sandstone Gold Project • 100% interest in 180km2, For personal use only 400km NW of Kalgoorlie • 600,000tpa gold mill & associated infrastructure on site. • Includes two fully permitted Mining Leases. • Current JORC Resource 657,600oz Au & growing. • Only plant for 150km. • Offers toll milling or co
Slide 5: Gold Project – Five new 2020 gold deposits
Sandstone Gold Project – Five new 2020 gold deposits • Five new satellite For personal use only deposits discovered in 2020. • All located on permitted Mining Leases, within 2.5km of processing plant. • Resource estimates being prepared. • Best intercepts to date: Ø McIntyre: 23m @ 2.08g/t Ø Ridge:
Slide 6: Two Mile Hill Deeps
Sandstone - Two Mile Hill Deeps • Tonalite plug to at least For personal use only 700m depth & open. • 480,000oz from 140m to 500m depth. • Includes intersection of 508.3m at 1.38g/t Au. • Open at depth; 160m at 2.13g/t Au from 432m. • 96% gold recovery at 125um grind. • Ore sorting; 93% gold in 36%
Slide 7: Looking forward
Sandstone – Looking forward • Recommission For personal use only Sandstone gold plant at earliest opportunity. • Primarily as a stand- alone operation. • Opportunity to also consolidate proximal third-party deposits. • Refurbishment costs of $10.3m; 5 months to refurbish. • Current sustained gold se
Slide 8: NT expansion - Barkly IOCG project
NT expansion - Barkly IOCG project • Maiden expansion into For personal use only Northern Territory. • First mover advantage on East Tennant Ridge. • Tier 1 iron oxide- copper-gold (IOCG) province. • Adjacent to Rio Tinto & Newcrest, endorsing Barkly strategy. • Potential high value targets beneath
Slide 9: Capital Structure
Capital Structure ASX Code: MDI For personal use only Shares on Issue 2,724M Unlisted Options 527M Number of Shareholders 527 Top 20 Shareholders 50% Institutions 11% Directors 6% Cash & Investments (31 August 2020) A$8.5M Market Cap at 1.9cps (31 August 2020) A$52M 9 9
Slide 10: Resource Statement
Sandstone – Resource Statement For personal use only Sandstone Gold Project Mineral Resource Statement COG Grade (g/t Contained Gold Deposit Tonnes Au) (oz) JORC Classification JORC Code (g/t Au) +Two Mile Hill – Open Pit 0.7 1,155,000 1.39 52,000 Indicated 2012 +Two Mile Hill – Open Pit 0.7 99,000
Slide 11: 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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