Middle Island Resources Limited · ASX:MDI
Middle Island Resources — Africa Down Under 2011
20 slides from Middle Island Resources's conference presentation, Aug 31, 2011
Slide 1: Exploring Golden Frontiers
For personal use only Exploring Golden Frontiers Middle Island Resources Africa Down Under Presentation 2011 ‘Advancing Golden Frontiers’
Slide 2: Disclaimer Notice and Competent Persons Statement
Disclaimer Notice and Competent Persons 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 doe
Slide 3: Capital Structure
Capital Structure ASX Code : MDI For personal use only Shares on Issue 99.9m Unlisted Options 16.2m Number of Shareholders 703 Top 20 Shareholders 60% Directors ~26% Institutions ~18% Newmont ~10% Cash ~$9m Market Cap (at $0.32) ~$32m 3
Slide 4: Board & Management Team
Board & Management Team For personal use only Peter Thomas • Practicing Solicitor • Corporate and commercial mining industry advice since 1980 • Served on the boards of (Non-Executive various listed companies since the 1980s • Founding Chairman of Sandfire Resources NL • Currently Chairman Chairman)
Slide 5: Corporate Strategy
Corporate Strategy For personal use only • Gold. • West Africa. • Exploration & development - best leverage & optimum value. • Build minimum 1.1Moz resource base within 2 years on at least 1 project. • Leverage off management’s 20 years local experience & contacts. • Jurisdictions with acceptable ri
Slide 6: Current Projects
Current Projects For personal use only • 100% of Reo Project Project – Burkina– Burkina Faso Faso • Earning 70% in Nassilé • Project Earning – 70% Niger in Nassilé Project – • Earning Niger 90% in Dogona Project – Niger • Earning 90% in Dogona • 100% in Project – Project Nuon River Niger (earning 75
Slide 7: Reo Project – Setting
Reo Project – Setting For personal use only • 7 permits covering 1,166 km2 (plus on-going tenure consolidation). • 150km west of Ouagadougou; excellent access and infrastructure. • Area originally selected from Newmont cratonic study, straddling structurally complex junction of the Boromo & Houndé g
Slide 8: Reo Project – Geochemistry
Reo Project – Geochemistry For personal use only MORLEY 8
Slide 9: Reo Project – Airborne Magnetics
Reo Project – Airborne Magnetics For personal use only 9
Slide 10: Reo Project – Morley-Goumi Prospect
Reo Project – Morley-Goumi Prospect For personal use only • 3.25km x 0.8km soil anomaly to 500ppb Au. • Comprises a series of broad (6-12m wide), stacked, east-west trending lodes that dip north. • Numerous significant trench & drill results from single (northern) zone tested to date:- - KDTR01 10.6
Slide 11: Reo Project – K4/K5 Prospect
Reo Project – K4/K5 Prospect For personal use only • Largest and highest tenor soil anomaly. • Veneered by transposed laterite. • 10,000 artisanal miners removed in June 2011. • Most significant drill intersections:– - 18m at 2.51g/t Au (eoh) – (12m) - 13m at 2.23g/t Au (eoh) – (59m) • Geometry unre
Slide 12: Reo Project – Geochemical Auger Drilling
Reo Project – Geochemical Auger Drilling For personal use only • 40,000m geochemical auger drilling program to identify and prioritise all prospects. • Based on airborne geophysical survey & subsequent targeting study. • 4 rigs have completed 2,259 holes (18,299m) to date. • Program recommences with
Slide 13: Niger Projects – Overview
Niger Projects – Overview For personal use only • Nassilé - earning initial 70% interest via staged expenditure of US$2 million over a 3 year term. • Dogona – earning initial 90% interest via staged expenditure of US$1 million over a 2 year term. • Collectively 1,400km2 of largely unexplored Birimia
Slide 14: Nassilé Project - Niger
Nassilé Project - Niger For personal use only • Limited previous work by Ashanti Goldfields & Island Arc/Cassidy. • RAB & RC drilling at Koutougou & Songonduari prospects:- - NRB202 12m at 2.09g/t Au - NRC011 12m at 3.08g/t Au (51m) - NRC013 6m at 1.98g/t Au (23m) - NRC019 3m at 4.90g/t Au (42m) 15m
Slide 15: Dogona Project – Niger
Dogona Project – Niger For personal use only • 822.7 km2 of totally unexplored Birimian greenstones. • No worked completed - granted July 2011. • Numerous, substantial, untested artisanal mining sites. • New gold rush (7,000 people) to Dogona in January 2011. • Considerable opportunity for significa
Slide 16: Nuon River Project - Liberia
Nuon River Project - Liberia For personal use only • Most technically prospective gold terrain in West Africa. • 100% interest in 5 permits & earning initial 75% interest in a sixth permit. • Aggregate semi-contiguous area of 3,005km2. • Located at the boundary between the Archaean & Birimian compon
Slide 17: Nuon River Project – Grand Gedeh Permit
Nuon River Project – Grand Gedeh Permit For personal use only • Significant alluvial and saprolite artisanal gold mining activity identified at the Bateajam, Nico & Middle East mining centres. • Numerous other mining centres known, but not yet visited. • Big Hill Prospect defined by +2km long, gold
Slide 18: Social Development Programs
Social Development Programs For personal use only • Policy to dedicate 5% of annual exploration budget to social programs. • Essential to build social capital from the outset, regardless of project status. • First project completed at Reo - solar powered, potable water reticulation project to 1,000
Slide 19: Conclusions
Conclusions For personal use only • Early, well-priced entry into gold in West Africa. • Highly experienced West African team. • Newmont as a major shareholder. • Major international institutions & funds well represented on register. • Quality existing projects. • Objective to fill Gryphon/Ampella s
Slide 20: Thank you
For personal use only Unit 2, 2 Richardson Street West Perth Western Australia, 6005 Thank you Tel +61 (08) 9322 1430 Fax +61 (08) 9322 1474 www.middleisland.com.au