Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (November 2023)
46 slides from Midland Exploration's investor presentation, November 2023
Slide 1: The Next Major Discoverer in Quebec
The Next Major Discoverer in Quebec November 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, $6.6 million in cash in the treasury;
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization BHP Common Shares Outstanding (basic) 82,776,197 5% Management & Insiders Options 6,000,000 15% Fully-Diluted Shares Outstanding 88,776,197 Retails 43% Adrian Day Asset Current Assets & Revenue ($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 Active Option Agreement Historical Exploration Work ➢ IAMGOLD : Heva ➢ Rio Tinto : Ba
Slide 7: Midland Recent Highlights
Midland Recent Highlights New lithium discoveries with Rio Tinto and Brunswick on our Galinée and Elrond projects; New option agreement with Rio Tinto on some of our James Bay lithium projects ($65.5M); New option agreement with Barrick on Patris gold project ($17.5M); Drilling program recently comp
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 / Rio Tinto (Li) Midland / Barrick (Au) Midland / Osisko (Au) et Brunswick (Li)
Slide 9: Abitibi Midland's Projects
Abitibi Midland’s Projects QUEBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 9
Slide 10: Abitibi Geology – Work in Progress
Abitibi Geology – Work in Progress Wallbridge – Option Casault Nomans 100% Midland Kenorland / Newmont Option Sonic Drilling Mag HR MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Tills survey in Casault Wallbridge Opt Fleuribleu progress Samson Nomans ZONE 58N Lower Détour Fault Gaudet-Fe
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: La Peltrie Option – Drilling in Progress
La Peltrie Option – Drilling in Progress En cours 14 14
Slide 15: 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 15 15
Slide 16: 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 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 – 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 20: 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 21: James-Bay Midland's Projects
James-Bay Midland’s Projects QUÉBEC Midland James-Bay Abitibi Gold Belt Montréal 21
Slide 22: Midland – Rio Tinto New Option for Lithium
Midland – Rio Tinto New Option for Lithium Granite LiDAR + Prospection Metasediment Midland/Brunswick In Progress Metavolcanic Elrond Option Tonalitic Unit New Arwen Discovery Gneiss Spodumene-bearing Pegmatites Galinée Corvette Li pegmatites (Patriot Battery Metals) Galinée Mythril Regional LiDAR +
Slide 23: James Bay (North) New Lithium Discoveries
James Bay (North) New Lithium Discoveries Lithium Occurrences Tilly South 100% Midland Granite New Discovery Metasediment Midland/Rio Tinto Metavolcanic Option Tonalitic Unit Midland Chisaayuu project Gneiss Main Road Mythril East Rio Tinto Option (East block) 100% Midland New Li Discovery Mythril p
Slide 24: Galinée New Lithium Discovery
Galinée New Lithium Discovery Lithium Occurrences Granite New Discovery Metasediment Midland/Rio Tinto Metavolcanic Option Tonalitic Unit Gneiss Galinée project Rio Tinto Option New Spodumene Pegmatites Dykes New Li Discovery Adina (Winsome) Up-to 1.37% Li2O over 61.2m from 8.9m New Li Discovery Tri
Slide 25: Galinée New Spodemene Pegmatites
Galinée New Spodemene Pegmatites 25 25
Slide 26: Galinée New Spodemene Pegmatites
Galinée New Spodemene Pegmatites 26 26
Slide 27: Arwen Location – New Spodumene-bearing Pegmatites
Arwen Location – New Spodumene-bearing Pegmatites Granite Metasediment Metavolcanic Tonalitic Unit Gneiss 100% Midland Elrond Brunswick Option Midland/Brunswick Elrond Option New Arwen Discovery Spodumene-bearing Pegmatites 27 27
Slide 28: Elrond-Arwen New Spodumene-bearing Pegmatites
Elrond-Arwen New Spodumene-bearing Pegmatites Helicopter 28 28
Slide 29: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) Abitibi Gold Belt 29
Slide 30: 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 30 30
Slide 31: July 2022 – BHP Alliance – Zone 22
July 2022 – BHP Alliance – Zone 22 New Soisson intrusion 0.81% Ni – 0.21% Cu 31 31
Slide 32: 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 33: 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 34: 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 34 34
Slide 35: 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 35
Slide 36: Midland Grenville Projects Location
Midland Grenville Projects Location Midland / Rio-Tinto (Ni-Cu) ABITIBI GOLD BELT 36
Slide 37: 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 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% 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 39: 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 39 39
Slide 40: Santos Ni-Cu Zone – Mineralized Samples
Santos Ni-Cu Zone – Mineralized Samples 40 40
Slide 41: Santos Ni-Cu Zone – MDLD0015 (21-24m)
Santos Ni-Cu Zone – MDLD0015 (21-24m) 41 41
Slide 42: Santos Ni-Cu Zone – MDLD015 (34-38m)
Santos Ni-Cu Zone – MDLD015 (34-38m) 42 42
Slide 43: Coming Up for Midland Exploration
Coming Up for Midland Exploration Casault Option Wallbridge (Au): Follow-up on Sonic drilling (tills); Drilling on the Cu-Au-Ag-Mo discovery on La Peltrie option with Probe Gold; Lithium project RTEC James Bay: LiDAR, geophysics and prospection; Field program and LiDAR with Brunswick on Mythril for
Slide 44: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 44 44
Slide 45: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well-funded with more than $6.6M 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 46: Thanks-Merci!!
Thanks-Merci!! 46 www.midlandexploration.com
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