Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (February 2008)
39 slides from Midland Exploration's investor presentation, February 2008
Slide 1: A New Mine Finder in Quebec
MIDLAND EXPLORATION INC. Corporate Presentation February 2008 A NEW MINE FINDER IN QUEBEC MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 2: Our Exploration Strategy
OUR EXPLORATION STRATEGY Quebec Focus World Class Gold, BM, Uranium and Mo deposits Partnership (JV Model) Expertise New technologies Diversified Projects Portfolio MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 3: Midland Targets Quebec
MIDLAND TARGETS QUEBEC Québec ranked #2 by the Fraser Institute for its favorable mining investment climate and its mineral potential. (Fraser Institute 2006) Many world class recent discoveries Excellent mining infrastructure available within target area. Government support. Exploration c
Slide 4: Technology
TECHNOLOGY Midland will take advantage of New Technologies to make New Discoveries VTEM HELIBORNE GEOPHYSICS MEGATEM II AIRBORNE GEOPHYSICS CONVENTIONAL PULSE EM BOREHOLE INFINITEM PULSE DOWNHOLE 3 AXIS MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 5: Strong Expertise
STRONG EXPERTISE JEAN-PIERRE JEAN-PIERRE JANSON JANSON GINO GINO ROGER ROGER Chairman Chairman and and Director Director CEO CEO and and Director Director RENÉ RENÉ BRANCHAUD BRANCHAUD INGRID INGRID MARTIN MARTIN Secretary Secretary and and Director Director Chief Chief Financial Financial Officer O
Slide 6: Capital Structure
CAPITAL STRUCTURE Company is listed on the TSX Venture as MD 20.3 Million Shares Outstanding: Manag.(12%), Coss.(15%) Inst.(20%), Retail(53%) 22.1 Million Shares Fully Diluted 52 week high/low $0.40 - $0.81 All Warrants Exercised except Desjardins warrants No Debt, $3.8 Million Cash in T
Slide 7: Midland Stock
MIDLAND STOCK 52 week high/low $0.40 - $0.81 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 8: Good Quality Partners
GOOD QUALITY PARTNERS Agnico-Eagle Maritime Cadillac SOQUEM Vermillon Breakwater Weedon Breakwater Gatineau Zinc Agnico-Eagle James Bay Gold Quest Uranium James Bay Uranium Total of $15.8M + $1.05M cash over 4 years + a possible $6.3M and $0.54 cash MIDLAND EXPLORATION - A MANAGEMENT TEA
Slide 9: Midland Projects
MIDLAND PROJECTS QUEBEC CANADA Midland/Quest Uranium Midland/Agnico-Eagle Midland/Agnico-Eagle Lapa & Laronde Mines ABITIBI GOLD BELT Midland/SOQUEM Montreal Midland/Breakwater Midland/Breakwater MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 10: 2007 Highlights
2007 HIGHLIGHTS Company IPO with $4.5M financing. Quickly secure new strategic gold, base metal, Mo and U projects. Second year agreement initiated with Agnico-Eagle on the Maritime-Cadillac. New partnerships for Weedon and Zn Gatineau with Breakwater. New partnerships for James Bay Gold w
Slide 11: 2008 Objectives
2008 OBJECTIVES Discover at least one new significant mineralized zone (Au, Cu-Zn, Zn-Pb, U or Mo) Continue to generate and secure new strategic gold, base metal, Mo and U projects. Continue to form strategic new partnership agreements. Increase the company visibility. MIDLAND EXPLORATION -
Slide 12: Maritime Cadillac Project
MARITIME CADILLAC PROJECT 2008 Plan and Objectives: $300,000 (Agnico operator) - Complete a 3000 m program (Feb. to May) - Find a new significant Au zone - Advance the project to the third year agreement MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 13: Dynamic Mining Region
DYNAMIC MINING REGION Southern Abitibi Gold Belt Gold Deposits (173 Million Ounces) World Class Mining Camps QUEBEC Maritime-Cadillac Project ONTARIO TIMMINS TIMMINS ONTARIO ONTARIO 65.6 65.6 Million Million Oz Oz Gold Gold MATHESON MATHESON ONTARIO ONTARIO 3.8 3.8 Million Oz Million Oz Gold Gold DU
Slide 14: Agnico Drill Holes Location
AGNICO DRILL HOLES LOCATION 3.4 Mt at 10.2 g/t Au 11 g/t Au /4m 88 holes holes for for 3,000m 3,000m proposed proposed 17.7g/t Au /7.7m New Gold Intersections MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 15: Midland Unexplored Property
MIDLAND UNEXPLORED PROPERTY New Gold Intersections 2008 Target area 9.42 g/t Au / 1.1 m 8.38 g/t Au / 1.1 m OPEN OPEN (No (No drill drill hole hole below below 300m) 300m) MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 16: Midland – Breakwater Weedon Project
MIDLAND – BREAKWATER WEEDON PROJECT 2008 Plan and Objectives: $500,000 (MD operator) - Complete the 1462 km VTEM survey interpretation - Complete a 1800 metres program (April to June) - Find a new significant Cu-Zn-Au zone - Advance the project to the second year agreement MIDLAND EXPLORATION - A MA
Slide 17: Weedon Property Location
WEEDON PROPERTY LOCATION 16.2Mt 16.2Mt @ @ 14.5%Zn, 14.5%Zn, 7.6%Pb, 7.6%Pb, 1.3%Cu, 1.3%Cu, 126g/t 126g/t Ag, Ag, 1.37g/t 1.37g/t Au Au >150 >150 Mt Mt @ @ 8%Zn, 8%Zn, 3%Pb, 3%Pb, 0.3%Cu, 0.3%Cu, 100g/t 100g/t Ag Ag Weedon Weedon Project Project Duck Pond Bald Mountain 4.08 4.08 Mt Mt @ @ 3.3% 3.3%
Slide 18: Weedon New VTEM Survey
WEEDON NEW VTEM SURVEY Solbec Solbec Mine: Mine: 2.06MT 2.06MT @ @ 1.57%Cu, 1.57%Cu, 4.57%Zn, 4.57%Zn, 0.68%Pb, 0.68%Pb, 0.61g/t/Au 0.61g/t/Au VTEM Survey • 1600 km of flight lines • 200 m line spacing Cupra Cupra Mine: Mine: 2.43MT 2.43MT @@ 2.74%Cu, 2.74%Cu, 3.28%Zn, 0.2%Pb, 0.5g/t/Au MIDLAND MIDL
Slide 19: Weedon New Targets
WEEDON NEW TARGETS Weedon Weedon Mine: Mine: 1.60MT 1.60MT @ @ 2.33%Cu, 2.33%Cu, 0.86%Zn, 0.56g/t/Au 0.86%Zn, 0.56g/t/Au MIDLAND MIDLAND PROPERTY PROPERTY WEE-06 242 242 claims claims for for 123 km²² 123 km New New VTEM VTEM Targets Targets WEE-13 Lingwick: 2006 2006 New New Showing Showing Lingwic
Slide 20: Midland – Breakwater Gatineau Zinc
MIDLAND – BREAKWATER GATINEAU ZINC 2008 Plan and Objectives: $500,000 (MD operator) - Complete the VTEM test survey and interpretation - Complete the silt and soil surveys follow-up (May to July) - Find new Zn-Pb significant mineralized zones - Identify drill targets for a first possible 1500m progr
Slide 21: Significant Zinc Opportunity
SIGNIFICANT ZINC OPPORTUNITY 615 615 NEW NEW CLAIMS, CLAIMS, 330.6 330.6 Km² Km² Area of Interest Lemieux 11% Zn, 1.78% Zn/0.67m Québec Aumond 20% Zn, 5.1% Zn/2.45m Chute Rouge 18% Zn Bouchette 23.9% Zn Kilmar 11.3% Zn, 4.1% Zn/1.15m Leitch 8% Zn 118.5 Kt @ 10% Zn Calumet 3.8 Mt @ 5.8% Zn, 1.9% Pb W
Slide 22: Stream Sediments and Soils Geochem Surveys
301 Stream Sediments 1588 Soils (500m * 200m) 1.45% Zn Geochem Geochem Surveys Surveys and and VTEM VTEM completed completed in in 2007 2007 New anomalie up to 8000 ppm zn 2.28% Zn /2.0m New showings: Grabs up to 16.7% Zn MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVER
Slide 23: Midland – Agnico James Bay Gold
MIDLAND – AGNICO JAMES BAY GOLD 2008 Plan and Objectives: $600,000 (MD operator) - Complete a first phase exploration program (June to August) - Find a new significant Au deposit - Advance the project to the drill stage - Advance the project to the second year agreement James Bay Au MIDLAND EXPLORAT
Slide 24: Midland New Gold Properties
MIDLAND NEW GOLD PROPERTIES 1174 1174 New New Claims, Claims, 589 km²² 589 km Midland Gold Properties MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 25: Midland New Gold Properties
MIDLAND NEW GOLD PROPERTIES Vs As 1033 1033 New New Claims, Claims, 562 km²² 562 km MD-6 MD-6 MD-1 MD-1 MD-2 MD-2 MD-5 MD-5 MD-3 MD-3 MD-4 MD-4 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 26: Midland – Quest Uranium James Bay U
MIDLAND – QUEST URANIUM JAMES BAY U 2008 Plan and Objectives: $400,000 (Quest Uranium Operator) - Complete a first phase exploration program (July-August) - Find a new significant U mineralized zone - Advance the project to the drill stage - Advance the project to the second year agreement James Bay
Slide 27: Midland New Uranium Acquisition
MIDLAND NEW URANIUM ACQUISITION 302 302 New New Claims, Claims, 153 km²² 153 km Athabaska Model La Grande Sannon-Seggau Ganiq Opinaca Laguiche MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 28: Midland Seggau Properties
MIDLAND SEGGAU PROPERTIES 47 Boulders with average assays of 1-2% Uranium and Ni values. Source of the boulders remain unknown. Bassin LG 4 N140 Bx dans gneiss a biotite, 100m 12 ddh 6m x 0.36m @ 7.4 % U3O8 12m x 0.175m 4.0% U3O8 Gneiss Migmatitiques Sannon Seggau Train de blocs radioactifs Train de
Slide 29: Midland James Bay Mo Project
MIDLAND JAMES BAY Mo PROJECT 2008 Plan and Objectives: $400,000 (partner operator) - Find a partner by March - Complete a first phase exploration program (July-August) - Advance the project to the drill stage - Advance the project to the second year agreement James Bay Mo MIDLAND EXPLORATION - A MAN
Slide 30: Porphyry Molybdenum in a Rift Context, James Bay
La mise en place dans un contexte de rift des porphyres a molybdène a la Baie James Lake Tilly Controlled by Midland MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 31: Mo Properties Acquisition
Mo PROPERTIES ACQUISITION 214 214 New New Claims, Claims, 109 km²² 109 km Midland Midland MOLY MOLY Another interesting area in the James Bay region is that of Tilly Lake (Sirios). It consists of a polymetallic porphyritic system (Mo-Cu; locally with Cu-Au-Ag-Bi-Te) most likely of Archean age. The J
Slide 32: Mo in Lake Bottom Sediments
Mo IN LAKE BOTTOM SEDIMENTS Mo Intersections: 0.14% Mo / 89 metres 0.18% Mo / 25 metres 0.14% Mo / 23 metres Strongest Strongest Mo Mo Anomalies Anomalies in in James James Bay Bay Area Area MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 33: Coming Up
COMING UP Continue to generate and secure new strategic gold, base metal, Mo and U projects. Continue to form new partnerships for Au, Mo and U projects. Find new partners for our Mo and U projects. Complete phase 1 exploration programs on Weedon and Gatineau projects with Breakwater. Make new
Slide 34: 2008 Exploration Budget
2008 EXPLORATION BUDGET Maritime Cadillac: $ 300,000 Weedon: $ 500,000 Gatineau Zinc: $ 500,000 James Bay Agnico: $ 600,000 James Bay Quest Uranium: $ 400,000 James Bay Mo-Cu: $ 75 ,000 Soquem JV: $ 100,000 Total: $ 2,500,000 Contingency: - James Bay Moly $ 500,000 Total: $ 3,000,000 MIDLAND EXPLORA
Slide 35: Increase Midland Visibility
INCREASE MIDLAND VISIBILITY January 2008 Sunday 20th & Monday 21st Cambridge Vancouver March 2008 Saturday 1st to Wednesday 5th PDAC Toronto April 2008 Saturday 12th & Sunday 13th Cambridge Calgary May 2008 Monday 12th & Tuesday 13th IIC New-York October 2008 Tuesday 28th & Wednesday 29th Cambridge
Slide 36: Why Choose Midland Exploration?
WHY CHOOSE MIDLAND EXPLORATION? Management team and technical expertise. Ability to quickly generate high-quality projects and attract new partners. Attractive and successful business model. New important option agreements with Agnico-Eagle, Breakwater, Quest Uranium. Many more to come. Ne
Slide 37: Laurentian Bank Securities Recommendations
LAURENTIAN BANK SECURITIES RECOMMENDATIONS Recommendations on Midland Exploration Target Price $1.25 On the other hand, we value that the MD has substantial blue-sky exploration potential and a dynamic business model that commands a premium. The upside potential is very strong and we view this compa
Slide 38: Discoveries
A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES » Maritime Cadillac Project » Vermillon Project » Weedon Project » Zn Gatineau Project » James Bay Au, U and Mo MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
Slide 39: Thank You!
VISIT US ON THE WEB www.midlandexploration.com THANK YOU ! Exploration Office 132 blvd. Labelle, Suite 220 Rosemere, (Québec) J7A 2H1 Tel : 450-420-5977 Fax : 450-420-5978 MIDLAND EXPLORATION - A MANAGEMENT TEAM WITH A PROVEN TRACK RECORD OF DISCOVERIES
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