Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (January 2022)
39 slides from Midland Exploration's investor presentation, January 2022
Slide 1: The Next Major Discoverer in Quebec
The Next ajor iscoverer in Quebec January 2022 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, BM and PGE 75.7 million shares outstanding Management: 8%, Institutions: 60%, Retail: 32% 80.9 million shares fully diluted No debt, $8.0 million in cash in the treasury $6.0M private placements by
Slide 4: Good Quality Partners Since 2006 !
Good Quality Partners Since 2006 ! New Strategic Alliances 15 Historical Options Agreements ➢ BHP : Ni Alliance ➢ SOQUEM (2) : Casault/Jouvex, Vermillon ➢ SOQUEM : Ni-Cu-Au Alliance ➢ Altius : James Bay Historical Exploration Work Active Option Agreement ➢ IAMGOLD : Heva Midland Partners Total ➢ Rio
Slide 5: Strong Management Expertise
Strong Management Expertise JEAN-PIERRE JANSON GINO ROGER Chairman and Director President and 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.) - Sylvain Trépanier ANNIE DU
Slide 6: Midland Recent Highlights
Midland Recent Highlights New option deal agreement with Rio Tinto for our Tête Nord Ni project; FT private placement of $2.8M at $0.80 and $0.92 recently completed; New gold discovery with Wallbridge on our Casault option property; New high grade Au-Cu boulders discovered on Mythril Regional; New g
Slide 7: Midland Active Projects Location
Midland Active Projects Location Midland Willbob (Au) Midland / NMEF (Ni-Cu-Co) Midland SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) Midland / Agnico Eagle (Au) Midland / Wallbridge (Au) Midland / Probe Metals (Au) Midland / Osisko(Au) Midland / Samson (Au) Midland / Mythril (Cu-Au-Mo-Ag) ABITIBI GOLD
Slide 8: Abitibi Midland’s Projects
Abitibi Midland’s Projects QUÉBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 8
Slide 9: Abitibi Geology – Midland Projects
Abitibi Geology – Midland Projects New Discovery Drilling 13 ddh’s (5,295 m ) 6.85 g/t Au / 2 m Kenorland / Newmont Option MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Drilling 14 ddh’s (4,285 m ) Casault Wallbridge Opt Fleuribleu Nomans ZONE 58N Lower Detour Fault Gaudet-Fenelon Probe
Slide 10: Longitudinal Cadillac Break - Midland Projects
Longitudinal Cadillac Break - Midland Projects Up to 41 g/t Au (grab) Midland / Agnico Eagle Maritime Cadillac JV (Au) Midland 100% Heva Project (Au) Target Area Lapa New Target Area 10 10
Slide 11: Detour Trend Active Partnership
Detour Trend Active Partnership Wallbridge Casault Option ▪ $5 M / 4 years ▪ $750K 1st year Midland New Discovery ▪ Cash payments Jeremie $600K up to 6,85 g/t Au / 2,0 m ▪ Expenditures at Dec. 31 : $40K MARTINIERE BUG LAKE WALLBRIDGE Midland New Discovery DETOUR LAKE FENELON / TABASCO up to 99,1 g/t
Slide 12: Midland / Wallbridge Casault Option
Midland / Wallbridge Casault Option Martiniere & Bug Lake Jeremie Fenelon Ind. Res. : 0.54 Moz Au Inf. Res. : 0.26 Moz Au Ind. Res. : 2.13 Moz Au Detour Lake Mine New Gold Discovery Inf. Res. : 1.47 Moz Au Reserves P+P > 13Moz Au Gaudet-Fenelon Probe JV Fleuribleu Vortex Samson Zone 58N Resources Go
Slide 13: Casault Option – Property Geology
Casault Option – Property Geology Martiniere & Bug Lake Historical Ind. Res. 0.59 Moz Au New Gold Discovery Hole CAS-21-123 6.85 g/t Au over 2.0 metres Bug Lake Zone Up to 18.13 g/t Au over 44.45 m 13 13
Slide 14: Casault Option – Magnetic Derivative
st Casault Option – 1 Magnetic Derivative New Gold Discovery Hole CAS-21-123 6.85 g/t Au over 2.0 metres NW-SE Structure Interpreted over 3 km 14 14
Slide 15: Casault Drilling Photos
Casault Drilling Photos 15 15
Slide 16: Gaudet Geology and Proposed IP Survey
Gaudet Geology and Proposed IP Survey Mafic Volcanics 78, Felsic Volcanics Wallbridge Fenelon (Main Gabbro) Ultramafics Wallbridge Tabasco 78.84 g/t Au over 5.34 m 260.4 g/t Au over 7.02 m 32.26 g/t Au over 7.05 m Sediments 22.73 g/t Au over 48.01 m Mafic Intrusives Felsic Intrusives Wallbridge Area
Slide 17: Lewis Geology and New Recent Discoveries
Lewis Geology and New Recent Discoveries New Golden Nest Showing 10.2 g/t Au & 2.1 g/t Au (grabs) Red Giant Showing 0.35 g/t Au over 9m (Channel) Lewis Property 172 claims (95 km2) 7.9 g/t Au / 0.9 m 6.3 g/t Au / 1.2 m Lac Shortt (Closed Mine) Historical Production 500,000 Oz Au 3.8 g/t Au / 4.2 m 1
Slide 18: Golden Nest New Showing
Golden Nest New Showing Golden Nest New Discovery 10.2 g/t Au 2.1 g/t Au • Small 10m2 outcrop in a swampy area • Qtz-Cb-Py veins over > 1.5 metres • 2-10% Py • K alteration • Zone is anomalous in As-W 18 18
Slide 19: Golden Nest New Showing
Golden Nest New Showing 19 19
Slide 20: Midland James Bay Projects
Midland James Bay Projects Mythril Project Cu-Au-Mo-Ag QPMC. La Pointe Gold Deposit Midland Elrond Newmont Stornoway Diamond Corp. Gold Project Éléonore Gold Mine Renard Mine Sirios Ressources Inc. New Patwon discovery Cheechoo Gold Deposit Azimut Exploration Inc. Eastmain Ressources Inc. Eau Claire
Slide 21: Mythril – Surface Cu-Au-Mo-Ag Showings
Mythril – Surface Cu-Au-Mo-Ag Showings Paragneiss float 0.17% Cu, 4.7 g/t Ag Sept 2018 Lindir Showings Haldir 0.2% Cu Up to 2.75% Cu Eriador + Misty Council Mo Up to 12.65% Cu Lorien Zone (outcrop), Luthien Liv 3.04% 1.32% Cu Up to 16.95% Cu (float) Mo 9.53% Cu Grey Havens Up to 9.22% Cu 21 21
Slide 22: West Float Fields
West Float Fields 12.0 % Cu, 0.33 g/t Au, 0.01 % Mo, 23.1 g/t Ag 22 22
Slide 23: Mythril Project – Drilling 2021
Mythril Project – Drilling 2021 2021 Drilling (June) 7 ddh’s ; 1,647 metres (including 1 ddh – MYT-21-43 on NE Grid MYT-21-38 MYT-21-42 0.25% CuEq / 104.6 m 1.7% CuEq / 1.75 m Including: Incl. 2.31% CuEq / 1.0 m MYT-21-41 0.74% CuEq / 28.5 m 0.40% CuEq / 5.0 m Including: MYT-21-40 Incl.1.82 % CuEq /
Slide 24: Copper Core Mineralization
Copper Core Mineralization MYT-19-006 11.8 % Cu, 3.96 g/t Au, 0.02 % Mo, 81.3 g/t Ag / 0.6 m, included in 1.07 % Cu, 0.37 g/t Au, 8.87 g/t Ag (1.41 % Cu equ.*) over 12.55 m MYT-19-011 8.15 % Cu, 3.58 g/t Au, 0.1 % Mo, 57 g/t Ag / 0.6 m, included in 1.34 % Cu, 0.69 g/t Au, 0.04 % Mo et 9.54 g/t Ag (2
Slide 25: Mythril Regional New 2019-2020 Showings
Mythril Regional New 2019-2020 Showings Faramir Cu Showing 4 outcrop grabs Average: 0.17 % Cu New Tornado Au-Cu-Mo-Ag showing Up to 0.45 % Cu; up Up to: 4.7 gt Au (grabs); Up to: 0.39 % Cu (grabs) to 0.02 % Mo Float grab: 3.13 g/t Au, 0.35 % Cu Boromir Floats 2021 IP Surveys 22 mineralized float gra
Slide 26: Labrador Trough Midland’s Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) 26
Slide 27: Willbob & Soissons Projects Location
Willbob & Soissons Projects Location Midland / BHP New Strategic Alliance Ni-Cu-Co Up to $4.2M over 2 years Midland Au Soissons-NMEF Ni-Cu. Willbob Project Midland-NMEF JV Midland Ni-Cu Soissons Project Up to: 1.22 % Ni, 0.5 % Cu, 0.06 % Co Voisey’s Bay Mine Midland / SOQUEM New 136.7 Mt @1.59 % Ni,
Slide 28: New BHP Ni Strategic Alliance
New BHP Ni Strategic Alliance 2021 Exploration Plan ▪ Ground geophysics EM (April) ▪ Airborne geophysics VTEM (May-June) ▪ Prospection 3 weeks (October) Bonne Une Strategic Alliance Ni-Cu A1 Midland-BHP L2 L2 New Prospect 0.61% Ni, 0.34% Cu, 0.11% Co 28 28
Slide 29: L2 New Ni Prospect
L2 New Ni Prospect New Ni Showing 0.61% Ni, 0.34% Cu, 0.11% Co 29 29
Slide 30: VTEM 2021 Surveys
VTEM 2021 Surveys Bonne Une Survey Background: 2001 GeoTEM B field Z tau late time Papavoine NW Papavoine Survey Survey 30 30
Slide 31: Strategic Alliance Midland - SOQUEM
Strategic Alliance Midland - SOQUEM 2021 Exploration Plan ▪ Airborne geophysics VTEM (June) ▪ Prospection 3 weeks (June) ▪ Prospecting 3 weeks (August) Strategic Alliance Midland-SOQUEM 31 31
Slide 32: Strategic Alliance Midland - SOQUEM
Strategic Alliance Midland - SOQUEM Lelièvre NW new zinc Showing (5.64% Zn, 0.14% Cu) Lelièvre Sector (Au, Ag, Zn, Cu) Lac Lelièvre Showing EXT (0.17g/t Au, 30g/t Ag, 2.3% Zn, New Gold-Bearing 472ppm Cu, 0.66% Pb) Boulder (40.8 g/t Au) New Gold-Bearing Boulder (40.8 g/t Au) *New claims* 32 32
Slide 33: High Grade Gold-Bearing Boulder Discovery
High Grade Gold-Bearing Boulder Discovery C878152: 40.8g/t Au C878152: 40.8g/t Au C878152: 40.8g/t Au 33
Slide 34: Midland Active Projects Location
Midland Active Projects Location Midland / New acquisition (Ni) ABITIBI GOLD BELT 34
Slide 35: Tête Nord New Ni-Cu Acquisition Location
Tête Nord New Ni-Cu Acquisition Location Midland (935 claims) Lac Curé Ni-Cu Rio Tinto Brunswick SOQUEM Cabouron Cu Ni-Cu Showing Kiskissink Ni-Cu Canada Silver Cobalt Enertourbe Fortin Lac Edouard Mine Ni-Cu JF Pearson Pierre Parent Granite Lacroix Globex Rochette Ni-Cu Tête Nord Zn-Cu-Au (VMS) 604
Slide 36: Coming Up for Midland Exploration
Coming Up for Midland Exploration New strategic partnerships (Au and Ni projects) – Abitibi projects priority; Gaudet-Fenelon Probe JV (Au): Drill programs; Casault Option Wallbridge (Au): Drill programs; La Peltrie Option Probe (Au): IP Geophysics and Drill programs; Lewis (Au): MAG Geophysics and
Slide 37: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 37 37
Slide 38: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well funded with more than $8.0M in cash in the treasury. More than $8.0M (MD $3.5M – Partners $4.5M) in exploration in 2022 with min. of 20,000 metres of drilling; More than $6M private placements wit
Slide 39: Merci! Thank you!
Merci! Thank you! The Next Major Discoverer in Quebec 39 www.midlandexploration.com
Midland Exploration — Investor Presentation (January 2022) on 6ix