Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (June 2023)
53 slides from Midland Exploration's investor presentation, June 2023
Slide 1: The Next Major Discoverer in Quebec
The Next ajor iscoverer in Quebec June 2023 Corporate Presentation
Slide 2: 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 3: Midland Exploration Summary
Midland Exploration Summary Prospect Generator / Joint-Venture Model; Quebec focus, exploring for gold and critical minerals (Ni-Cu-Li); 82.8 million shares outstanding; Management: 15%, Institutions: 42%, Retail: 43% 88.8 million shares fully diluted; No debt, $7.0 million in cash in the treasury;
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization BHP Common Shares Outstanding (basic) 82,776,197 5% Management & Insiders Options 6,000,000 15% Fully-Diluted Shares Outstanding 88,776,197 Retails 43% Adrian Day Asset Current Assets & Revenue ($CAD) Management
Slide 5: Strong Management Expertise
Strong Management Expertise JEAN-PIERRE JANSON GINO ROGER Chairman and Director CEO and Director INGRID MARTIN RENÉ BRANCHAUD Chief Financial Officer Secretary and Director LEGAL ADVISORS Lavery PAUL ARCHER Director Technical Team - Mario Masson (Vp Explo.) - JF Larivière CONSULTANTS ANNIE DUTIL - R
Slide 6: 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 Historical Exploration Work Active Option Agreement ➢ IAMGOLD : Heva Midland Partners
Slide 7: Midland Recent Highlights
Midland Recent Highlights New option agreement with Barrick on Patris gold project; Several new lithium targets generated in the James-Bay region; New Cu-Au-Mo-Ag discovery (0.21% Cu.Eq/345.5 m) with Probe on La Peltrie; New high-grade gold-bearing structures discovery (18.9 g/t Au) on Laflamme; ADD
Slide 8: 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 Metals (Au) Midland / Osisko (Au) and Brunswick (Li) Midland / Barrick (Au) Midland / Mythril (Cu-A
Slide 9: Abitibi Midland's Projects
Abitibi Midland’s Projects QUEBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 9
Slide 10: Abitibi Geology – Midland Gold Projects
Abitibi Geology – Midland Gold Projects New discovery 6.85 g/t Au / 2 m Drilling 13 ddh’s (5,295 m ) Kenorland / Newmont Option Drilling 1,100 m MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Drilling 14 ddh’s (4,285 m ) Casault Nomans Wallbridge Opt Mag HR ZONE 58N Lower Détour Fault Gau
Slide 11: Abitibi Geology – La Peltrie Discovery Location
Abitibi Geology – La Peltrie Discovery Location New Discovery 6.85 g/t Au / 2 m (ddh) New Discovery Kenorland / Newmont Option Jeremie MARTINIERE BUG LAKE up to 99.1 g/t Au / 0.4m (ddh) DETOUR LAKE FENELON / TABASCO Casault Wallbridge Opt Fleuribleu Nomans ZONE 58N Lower Detour Fault Gaudet-Fenelon
Slide 12: 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 Sept.30 : $1.9 M up to 6.85 g/t Au / 2.0 m WALLBRIDGE MARTINIERE BUG LAKE FENELON GOLD DETOUR LAKE Ind Res.
Slide 13: Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery
Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery 13 13
Slide 14: Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery
Midland-Probe La Peltrie New Cu-Au-Ag-Mo Discovery Cpy in pillow rims Cpy+Mo in quartz veins 14 14
Slide 15: Laflamme JV – Regional Geology
Laflamme JV – Regional Geology Gold-bearing floats – High grade & Au-bearing shears – New discoveries LAFLAMME JV Property 436 claims for 234 km² • 28.7 g/t Au & 6.0 g/t Au (2 Floats) Notting Hill Showing 0.34 g/t Au over 25.56 m Incl. 3.12 g/t Au over 1.5 m Trafalgar Showing 0.40 g/t Au over 5.7 m
Slide 16: Laflamme JV – 2022 Field Work
Laflamme JV – 2022 Field Work Possible source for floats & High-priority area for follow-up Mag Drone Survey • Soil Geochem - Prospecting • Mechanical trenching IP Survey Notting Hill Showing Laflamme JV 0.34 g/t Au over 25.56 m Incl. 3.12 g/t Au over 1.5 m VTEM Anomalies 0.94 g/t Au (grab) 2 Floats
Slide 17: Gold-Bearing Shears Zone Discovery
Gold-Bearing Shears Zone Discovery MAG Drone NEW – A0361269 Tilt Au Shear Zone • 3.73 g/t Au New – A0361338-339 High grade Au Shears Zone Notting Hill Showing • 18.9 g/t Au and 5.67 g/t Au 0.34 g/t Au over 25.56 m Incl. 3.12 g/t Au over 1.5 m Ice Flow IP Observed Shears Zone Geological Contact High
Slide 18: Laflamme JV – Discovery High-Grade Floats
Laflamme JV – Discovery High-Grade Floats New discovery high-grade float 28.7 g/t Au 18 18
Slide 19: Laflamme JV – Discovery New Shear Zones
Laflamme JV – Discovery New Shear Zones New shear zone - West New shear zone - East 3.7 g/t Au 18.9 g/t Au 19 19
Slide 20: Laflamme JV – 2023 Drilling Program Phase 1
Laflamme JV – 2023 Drilling Program Phase 1 Phase 1 : Priority 1 10 ddh ; 5 targets ; 1,500 m Mag drone Gradient Low Mag target New shear zone - West • 3.7 g/t Au (grab) New shear zone - East Notting Hill Showing 0.34 g/t Au over 25.6 m (ddh) • 18.9 g/t Au & 5.7 g/t Au (grabs) Incl. 3.12 g/t Au over
Slide 21: Abitibi New Opportunities Ni-Cu-Co-PGE
Abitibi New Opportunities Ni-Cu-Co-PGE Midland Copernick Ni-Cu-PGE Nickel Square Ni-Cu 0.45% Ni, 0.33% Cu, 0.15 g/t Pt, 0.24 g/t Pd over 42.6 m New Acquisition Quebec Nickel Corp. Magneto Investments LP Ducros Ni-Cu Project Dumont Ni Deposit 0.44% Ni, 0.51% Cu, 0.69 g/t Pt-Pd-Au over 18.5 m Proven+P
Slide 22: Nickel Square Geology – New Acquisition (Ni-Cu)
Nickel Square Geology – New Acquisition (Ni-Cu) Nickel Square Ni-Cu New acquisition 460 claims for 260 km² Laflamme JV Ultramafic Rocks 436 claims for 234 km² Copernick New High-grade Au floats 2016 Ni-Cu-PGE Discovery 28.7 g/t Au & 6.0 g/t Au (2 floats) OSBORNE-BELL (Osisko) GEANT DORMANT Inf. res.
Slide 23: Geology Abitibi – ADDP Drilling Program
Geology Abitibi – ADDP Drilling Program New Discovery 6.85 g/t Au / 2 m (ddh) New Discovery Kenorland / Newmont Option Jeremie MARTINIERE BUG LAKE up to 99.1 g/t Au / 0.4m (ddh) DETOUR LAKE FENELON / TABASCO Casault Wallbridge Opt Fleuribleu Nomans ZONE 58N Lower Detour Fault Gaudet-Fenelon Probe JV
Slide 24: Midland James Bay Projects
Midland James Bay Projects Mythril Project Cu-Au-Mo-Ag QPMC. La Pointe Gold Deposit Elrond Project Newmont Stornoway Diamond Corp. Éléonore Gold Mine Renard Mine Au Sirios Ressources Inc. New Patwon discovery Cheechoo Gold Deposit Azimut Exploration Inc. Eastmain Ressources Inc. Eau Claire Gold Depo
Slide 25: James Bay: Main Lithium Prospects and Midland Projects
James Bay: Main Lithium Prospects and Midland Projects Mythril Regional project Corvette Li Galinée pegmatites (Patriot project Battery Metals) Adina Li prospect (Winsome) Komo Rose Li project Deposit Stornoway Diamond Corp. Renard Mine James Bay Shire Li Deposit project (Allkem) Whabouchi Li Deposi
Slide 26: Komo Project: Lithium Potential
Komo Project: Lithium Potential James Bay Li Deposit • Well located west of the James Bay lithium deposit (Allkem) 40 Mt @ 1.4% Li2O La Grande SP • Komo project → same structural and stratigraphic setting as the James Bay lithium deposit to the east → both the James Bay Li deposit and Komo located a
Slide 27: Shire Project: Lithium Potential
Shire Project: Lithium Potential • The Whabouchi lithium deposit is associated with the Senay pegmatitic suite (pink unit) Whabouchi Shire project that intrudes into amphibolites (green) lithium deposit • In 2021, the Quebec government mapped at least 6 intrusions belonging to the same favorable Sen
Slide 28: Mythril Regional Project: Lithium Potential
Mythril Regional Project: Lithium Potential Pegmatite Mythril boulder 0.02% Regional • Mythil East claim block located directly east project Li2O, 23 ppm Ta, 50 ppm Sn of the CV (Patriot Battery Metals) pegmatite trends Mythril Pegmatite subcrop 0.12% Li2O, 72 ppm Ta East claim Outcrop 0.04% Li2O Co
Slide 29: Midland – Patriot New Lithium Discovery
Midland – Patriot New Lithium Discovery Midland Projects - Outline Lithium Showings Lithium New Discovery Access Road Mythril-East 100% Midland Patriot Battery Metals Property Patriot intersected 52.2 m at 3.34% Li₂O, including 15.0 m at 5.10% Li₂O 29 29
Slide 30: Galinée: Lithium Potential
Galinée: Lithium Potential • Midland’s Galinée project is located approximately 4 kilometres east of Adina Winsome Resources prospect Winsome Resources Adina Far East Zone Adina Main Zone Spodumene bearing pegmatite / 17.1 m • Located at the contact Drilling Program Galinée 1.34% Li2O over 107.6 m b
Slide 31: Galinée: Lithium Potential
Galinée: Lithium Potential Adina Prospect AD-22-043 Grab MERC: Alkaline 17 m spodumene felspath granite + bearing peg. tourmaline, MERN outcrop amphibolite contacts Alkaline felspath granite + tourmaline, paragness, amphibolites contacts 31 31
Slide 32: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) 32
Slide 33: Midland BHP Nunavik Alliance Ni-Cu-Co
Midland BHP Nunavik Alliance Ni-Cu-Co 2023 Exploration Plan ▪ Airbone MT surveys ▪ Lake Sediments ▪ Mapping and prospecting Strategic Alliance Ni-Cu-Co Midland-BHP Midland-NMEF JV Ni-Cu $3.4M additional for the 2022-2023 Generative Phase Papavoine Soissons Ni-Cu-Co 100% Midland 33 33
Slide 34: July 2022 – BHP Alliance – Zone 22
July 2022 – BHP Alliance – Zone 22 New Soisson intrusion 0.81% Ni – 0.21% Cu 34 34
Slide 35: Midland-SOQUEM Alliance in the Labrador Trough
Midland-SOQUEM Alliance in the Labrador Trough Ungava bay Nachicapau 2022 New Copper-Gold Labrador sea Legend Discovery New discovery 2022 Historical Cu showings AOI Midland-SOQUEM AOI NMEF AOI Midland-BHP Claims Midland-SOQUEM Midland 100% Other cies Geology Nachicapau Core Zone Labrador Trough 202
Slide 36: New Cu-Au Discovery in Nachicapau Area
New Cu-Au Discovery in Nachicapau Area Legend 2022 New discovery Nachicapau Lake Cu showing Area of historical high Au-Cu showing grade Zn boulders up to 17.50 % Zn (#43390439) Midland-SOQUEM claims Field work 2022 Rock samples Malachite-chalcocite Historical rock samples boulder (#43390604) Virgini
Slide 37: Nachicapau – Malachite & Bornite Discovery
Nachicapau – Malachite & Bornite Discovery #C878993 : 7.14% Cu, 3.78 g/t Au, 33.5 g/t Ag Channel 1 (9.9% CuEq*) 2018 New Showing 1.49% Cu, 0.54 g/t 3% Cu, 5g/t Au,40g/t Ag Au, 11.41 g/t Ag over 4.0 metres (1.93% CuEq*) #C879021 : 2.56% Cu, 2.01 g/t Au, 22.1 g/t Ag (4.06% CuEq*) #C879209 : #C878991 :
Slide 38: Nachicapau : 2022 Rock Sampling Work
Nachicapau : 2022 Rock Sampling Work (b) #C879209 – carbonate and bornite, malachite vein 25.60 % Cu, 4.90 g/t Au, 162.0 g/t Ag (a) Outcrop showing a large malachite mineralization (c) #C878500 – 3% malachite and bornite mineralization in a mafic schist 38 38
Slide 39: Nachicapau : 2022 Rock Sampling Work
Nachicapau : 2022 Rock Sampling Work (a) Outcrop showing malachite – bornite veins (b) malachite – bornite veins at surface C878152: 40.8g/t Au 39
Slide 40: Nachicapau : 2022 Rock Sampling Work
Nachicapau : 2022 Rock Sampling Work Quartz, carbonate, biotite, bornite and malachite vein in a boulder located 300 metres eastward of the mineralized horizons #C878990 – 2.95% Cu, 0.27 g/t Au, 30.0 g/t Ag 40 40
Slide 41: Midland Grenville Projects Location
Midland Grenville Projects Location Midland / Rio-Tinto (Ni-Cu) ABITIBI GOLD BELT 41
Slide 42: Tête-Nord/Rio Tinto (Nickel-Copper-Cobalt)
Tête-Nord/Rio Tinto (Nickel-Copper-Cobalt) Located in southern Quebec, about 25 kilometers East of La Tuque, in an area with very good infrastructure. 9 strategically located claim blocks, total 523 km2. Within the La Bostonnais complex (Grenville geological province), that contains numerous Ni-Cu-C
Slide 43: Rio Tinto 2022 VTEM Survey – Tête Nord Ni-Cu
Rio Tinto 2022 VTEM Survey – Tête Nord Ni-Cu • 6,635 linear-kilometres completed • New conductors detected Lac Bouchette Lac Curé Ni-Cu • Prospection in progress Midland claims : Option Agreement Rio Tinto New claims : Option Agreement Rio Tinto Cabouron Cu Rio Tinto Properties Kiskissink Ni-Cu Othe
Slide 44: 2022-2023 Drilling Areas
2022-2023 Drilling Areas Lac Bouchette Midland claims : Option Agreement Rio Tinto New claims : Option Agreement Rio Tinto Drilling at Cabouron Rio Tinto Properties Other Competitors - claims Drilling at Bonhomme 2022-2023 Drilling Areas (3,750 m ; 15 ddh’s) Lac Edouard Mine Ni-Cu Main Showings Mine
Slide 45: 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% Santos New 2023 Ni-Cu Occurrence Rio Tinto 100% Lac Matte Ni-Cu Ghislaine Cu Up to 1.1% Ni, 0.71% Cu over 2.68 m Other claims & 0.45% Ni, 0.18% Cu over 10.37 m Main showings Mine (cl
Slide 46: Santos New Ni-Cu Occurrence
Santos New Ni-Cu Occurrence Santos New Ni-Cu Occurrence Santos New Ni-Cu Occurrence Prospective N-S Structure Off-Hole & Surface EM Conductor Southeast Dip (Open) Lac Edouard Mine Ni-Cu 46 46
Slide 47: Santos Ni-Cu Zone – Mineralized samples
Santos Ni-Cu Zone – Mineralized samples 47 47
Slide 48: Santos Ni-Cu Zone – MDLD0015 (21-24m)
Santos Ni-Cu Zone – MDLD0015 (21-24m) 48 48
Slide 49: Santos Ni-Cu Zone – MDLD015 (34-38m)
Santos Ni-Cu Zone – MDLD015 (34-38m) 49 49
Slide 50: Coming Up for Midland Exploration
Coming Up for Midland Exploration New strategic partnerships (Au, Ni and Li projects) – Abitibi projects priority; Casault Option Wallbridge (Au): MAG Geophysics and drilling (Phase 2 – 3,000 m); La Peltrie Option Probe (Au): IP Geophysics and drilling (Phase 2- 3,000 m); ADDP including Patris-Heva-
Slide 51: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 51 51
Slide 52: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well funded with more than $7.0M in cash in the treasury. More than $15.0M (MD $4.0M – Partners $11.0M) in exploration in 2023 with min. of 20,000 metres of drilling; $6.6M private placements with BHP
Slide 53: Thanks-Merci!!
Thanks-Merci!! 53 www.midlandexploration.com
Midland Exploration — Investor Presentation (June 2023) on 6ix