Middle Island Resources Limited · ASX:MDI
Middle Island Resources — RIU Explorer's Conference 2021
18 slides from Middle Island Resources's conference presentation, Feb 16, 2021
Slide 1: Exploring Golden Frontiers
Exploring Golden Frontiers Middle Island Resources Corporate Presentation RIU Explorer’s Conference, Fremantle – February 2021 1
Slide 2: Disclaimer Notice and Competent Person's Statement
Disclaimer Notice and Competent Person’s Statement 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 does it form the basis o
Slide 3: Investment Highlights
Investment Highlights • Sandstone (WA) & Barkly (NT) projects 100% owned. • 600,000tpa Sandstone processing plant. • Sandstone JORC (2012) Mineral Resources of 746,500oz gold*. • ~54,000m drilling campaign completed in 2020; 5 new satellite open pit deposits identified, doubling open pit inventory.
Slide 4: Sandstone Gold Project - Location & Tenure
Sandstone Gold Project - Location & Tenure • 11km south of Sandstone, 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 site. 4 4
Slide 5: Sandstone Gold Project – Strategy & Vision
Sandstone Gold Project – Strategy & Vision Strategy & Vision comprises three key elements: Recommission Sandstone gold plant at the earliest opportunity. Consolidate additional deposits & exploration tenure within the broader Sandstone district around central processing hub. Demonstrate suffic
Slide 6: Sandstone Gold Project - Processing Plant & Infrastructure
Sandstone Gold Project - Processing Plant & Infrastructure • 600,000tpa CIP plant. • Refurbishment costs of ~$11M; 5 months. • Existing tailings storage & bore field. • Contract power plant, fuel tanks, workshops, laboratory & mine offices. 6 6
Slide 7: Sandstone Gold Project - Processing Plant & Infrastructure
Sandstone Gold Project - Processing Plant & Infrastructure • Contract diesel-generated power plant; gas/LNG under consideration. • Fuel tanks, workshops, laboratory & mine offices. • Substantial inventory of equipment & spares. • Existing camp (capacity 100) on freehold title in nearby Sandstone tow
Slide 8: Sandstone Gold Project – Consolidation Opportunities
Sandstone Gold Project – Consolidation Opportunities • Logical & compelling district- scale consolidation opportunity. • Only plant within 150km; central processing hub. • At least 15 stranded gold deposits aggregating ~1.8Moz within 100km. • Significant recent M&A activity in district. • Pursuing a
Slide 9: Sandstone Gold Project – 2020 Exploration Program
Sandstone Gold Project – 2020 Exploration Program • 54,000m drilling completed; doubled open pit Mineral Resources. • Five new discoveries; McClaren, McIntyre, Ridge, Old Town Well & Plum Pudding. • Updated resource estimates, pit optimisations & designs complete. • Stand-alone FS imminent. 9 9
Slide 10: Sandstone Gold Project – Five New Deposits
Sandstone Gold Project – Five New Deposits • Five new, shallow, satellite 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 9m @ 5.41g/t 7m @ 6.49g/t • McClaren: 4m @ 90.6g/t 3m @ 29.8g/t 8m @ 3.35g/t 10 10
Slide 11: Sandstone Gold Project – Five New Deposits
Sandstone Gold Project – Five New Deposits • Plum Pudding: 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. 11 11
Slide 12: Sandstone Gold Project - Two Mile Hill Deeps
Sandstone Gold Project - Two Mile Hill Deeps • Tonalite plug extends to at least 700m depth. • Sheeted quartz veins; sericite-carbonate-pyrite alteration. • 480,000oz from 140m to 500m depth. • Tonalite intersections; 508.3m at 1.38g/t 372.7m at 1.52g/t 230.4m at 1.62g/t • Open at depth; 160m at 2.1
Slide 13: Sandstone Gold Project - Two Mile Hill BIF
Sandstone Gold Project - Two Mile Hill BIF • High grade gold hosted in BIF units immediately adjacent to tonalite. • Gold associated with pyrite replacement of magnetite horizons. • True width intercepts include:- 22m at 24g/t 8m at 56g/t 5m at 27g/t 5m at 22g/t • Multiple ore positions intersected
Slide 14: Barkly Copper-Gold Super-Project - NT
Barkly Copper-Gold Super-Project - NT • Permits & applications comprising 4,411km² between Tennant Creek & Mount Isa. • First-mover along recently identified ‘East Tennant Ridge’. • Tier 1 iron oxide-copper- gold (IOCG) province. • Adjoins Rio Tinto & Newcrest; endorses merit & strategy. • Potential
Slide 15: Barkly Project – Crosswinds Copper Discovery
Barkly Project – Crosswinds Copper Discovery • Significant copper oxide mineralisation identified at new Crosswinds 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 from Prote
Slide 16: Capital Structure ASX Code: MDI
Capital Structure ASX Code: MDI Shares on Issue 121M Unlisted Options 23M Number of Shareholders ~2,500 Top 20 Shareholders ~46% Institutions ~11% Directors ~6% Cash & Investments (2 February 2021) A$5.0M Market Cap at 27cps (2 February 2021) A$33M 16 16
Slide 17: Sandstone – Resource Statement
Sandstone – Resource Statement Sandstone Gold Project Mineral Resource Statement COG Grade (g/t Contained Gold (g/t Au) Deposit Tonnes Au) (oz.) JORC Classification JORC Code Two Mile Hill – Open Pit1 0.7 1,115,000 1.39 52,000 Indicated 2012 Two Mile Hill – Open Pit1 0.7 99,000 1.00 3,000 Inferred 2
Slide 18: Thank you
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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