Middle Island Resources Limited · ASX:MDI
Middle Island Resources — AMC Presentation (January 2013)
24 slides from Middle Island Resources's conference presentation, Jan 31, 2013
Slide 1: Exploring Golden Frontiers
For personal use only Exploring Golden Frontiers Middle Island Resources AMC Presentation 31 January 2013
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 125m Unlisted Options 18.5m Number of Shareholders ~700 Top 20 Shareholders ~63% Directors ~21% Institutions ~30% Newmont ~10% Cash (31/12/12) A$8.9m Market Cap (at A$0.11) A$13.75m 3
Slide 4: Board & Management Team
Board & Management Team For personal use only Peter Thomas • Professional solicitor • Corporate and commercial mining industry advice since 1980 • Served on the boards (Non-Executive of various listed companies since the 1980s • Founding Chairman of Sandfire Resources NL • Currently Chairman) Chairm
Slide 5: Corporate Strategy
Corporate Strategy For personal use only • Gold. • West Africa. • Build minimum 1.1Moz resource base. • Exploration & development - best leverage & optimum value. • Leverage off management’s 23 years local experience & contacts. • Jurisdictions with acceptable risk profile. • Jurisdictions with expo
Slide 6: Projects
Projects For personal use only • 100% of Reo Project – Burkina Faso • 100% in Nuon River Project (earning 75% in Grand Gedeh permit) – Liberia • 70-100% interest in 7 permits comprising the Sirba Project – Niger • Further acquisitions under review. • Strict project selection criteria. 6
Slide 7: Exploration Summary
Exploration Summary For personal use only • Regional programs (airborne geophysics & geochemistry) completed 2011 & 2012. • Majority of targets on all projects identified & prioritised. • First 6 targets tested by drilling in 2011-12 (Morley, K4/K5, East, Samba, Songonduari/Forbemi, Big Hill). • 5 o
Slide 8: 2012-13 Exploration Strategy
2012-13 Exploration Strategy For personal use only • Sufficient capital for 12 months of steady-state exploration. • $4.7 million 2012-13 exploration budget re-aligned to market circumstances. • Focus on prudence over speed in achieving objective. • Focus on key advanced targets (K4/K5 & Tialkam Sou
Slide 9: Reo Project (Burkina Faso) – Overview
Reo Project (Burkina Faso) – Overview For personal use only • 7 permits covering 1,166 km2. • 150km west of Ouagadougou; excellent access and infrastructure. • Straddling junction of Boromo & Houndé belts. • 50km long, northeast trending shear zone represents focus of exploration. • Gold prospects a
Slide 10: Reo Project – Geochemical Auger Drilling
Reo Project – Geochemical Auger Drilling For personal use only • 69,528m (9,341 holes) geochemical auger drilling completed. • Identified, refined and prioritised all prospects within Reo Project. • Morley, K4/K5 & Samba areas confirmed as significant targets. 10
Slide 11: Reo Project – Morley Prospect
Reo Project – Morley Prospect For personal use only • Broad, high grade series of east-west trending lodes that dip north. • Numerous significant trench & drill results from single (northern) zone tested to date:- - KDTR01 10.6m at 17.4g/t Au - KRAC011 39m at 2.62g/t Au - KRAC128 34m at 16.4g/t Au -
Slide 12: Reo Project – K4/K5 Prospect
Reo Project – K4/K5 Prospect For personal use only • 6-7km diameter auger anomaly;10,000 artisanal miners removed June 2011. • More significant intersections to date:– - 18m at 2.51g/t Au (eoh) - 13m at 2.23g/t Au (eoh) - 4m at 16.2g/t Au - 4m at 14.0g/t Au - 12m at 4.99g/t Au - 12m at 4.11g/t Au -
Slide 13: Reo Project – Samba Prospect
Reo Project – Samba Prospect For personal use only • 4km strike length, priority auger gold anomaly. • Associated with major shear zone where it deflects around the western margin of Samba Granodiorite. • Hosted by sheared, altered and quartz veined meta-basalts. • Three 800m spaced reconnaissance R
Slide 14: Sirba Project (Niger) – Overview
Sirba Project (Niger) – Overview For personal use only • 70-100% interest in 7 permits covering 1,936km2 of under-explored Birimian greenstones. • Covers 80km strike length of JICA regional gold soil anomaly. • Consolidation of Sirba greenstone belt straddling SEMAFO’s Samira Hill gold operation (+2
Slide 15: Sirba Project - Nassilé Permit
Sirba Project - Nassilé Permit For personal use only • ~37,000m geochemical auger drilling completed in 2011 & 2012. • Defined 8km long Songonduari, 2km long Forbemi & new, 10km long Kimba anomalies. • Reconnaissance RC program (168 holes; 12,251m) completed at Songonduari & Forbemi. • Better result
Slide 16: Nassile Permit – Kimba Prospect
Nassile Permit – Kimba Prospect For personal use only • 10km long, high tenor (to 3.4g/t Au) auger anomaly. • Vast expanse of flat terrain. • Veneered by 7‐9m of alluvial cover. • Adjacent to major, north‐trending, first order structure (50m wide quartz vein). • Appears to follow arcuate granite con
Slide 17: Sirba Project – Tialkam South Prospect
Sirba Project – Tialkam South Prospect For personal use only • Earning 70% interest in AMI’s rights to three granted permits and one application via staged expenditure of US$2 million over a 3 year term. • 15 gold prospects identified to date. • Better drill intercepts include:- • 18m at 4.89g/t Au
Slide 18: Nuon River Project (Liberia) - Overview
Nuon River Project (Liberia) - Overview For personal use only • 100% interest in 5 permits & earning initial 75% interest in a sixth permit. • Aggregate semi- contiguous area of 3,005km2. • Located at Archaean - Birimian boundary of the West African Craton. • Immediately along strike from Ity gold p
Slide 19: Nuon River Project - Liberia
Nuon River Project - Liberia For personal use only • BLEG stream sediment sampling completed over whole project area; 8 priority gold anomalies defined. 19
Slide 20: Nuon River Project – Big Hill Prospect
Nuon River Project – Big Hill Prospect For personal use only • Cohesive, high tenor, east-west trending gold soil anomaly over 4km strike length. • Shallow south dip & abundant visible free gold in quartz veins. • Initial 35 RC/DD holes (4,027m) completed in 2012. • Nominal 160m x 80m drill pattern
Slide 21: Community Development
Community Development For personal use only • 5% of annual exploration budget dedicated to community development programs. • Essential to build political & social capital from the outset. • Ten projects completed or underway in all three jurisdictions. 21
Slide 22: 2012-13 Exploration Program
2012-13 Exploration Program For personal use only • Reo Project − K4/K5 (diamond, RAB & RC drilling, metallurgy) − Samba (RC drilling) • Sirba Project − Tialkam South (mapping, diamond & RC drilling, metallurgy) − Kimba (infill auger & RAB drilling) − Other prospects (infill auger drilling) − RAB dr
Slide 23: Conclusions
Conclusions For personal use only • New generation West African gold company. • Clear, simple strategy & systematic technical approach. • Quality existing projects and abundant new opportunities. • Highly experienced West African team. • Assay backlog resolved. • Newmont as a cornerstone shareholder
Slide 24: Thank you & questions
For personal use only Unit 2, 2 Richardson Street West Perth Western Australia, 6005 Thank you & questions Tel +61 (08) 9322 1430 Fax +61 (08) 9322 1474 www.middleisland.com.au
Middle Island Resources — AMC Presentation (January 2013) on 6ix