Middle Island Resources LimitedASX: MDI

2024 AGM Presentation

· Issued by Middle Island Resources Limited

EXPLORATION FOCUSED

Barkly Copper-Gold

Super Project

AGM Presentation November 2024

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Key Investment Highlights

Barkly Super Project

Single district, high value,

exploration focus

  • Iron Oxide Copper Gold (IOCG) e.g. Warrego and Juno (NT), Ernest Henry (QLD), Olympic Dam (SA)
  • Sediment Hosted ±Cu-Ag-Pb-Zn e.g. McArthur River - HYC (NT), Mt Isa, Lady Loretta (QLD)

Commanding land position in NT -

an underexplored province

  • East Tennant - potential for giant copper-gold and copper-silver-lead- zinc deposits
  • Tennant Creek - home to some of Australia's highest grade gold-copper mines

Pathway to success from large portfolio of greenfield targets

  • Methodical approach to target generation provides best chance of discovery
  • Exciting pipeline of drill targets

Early stage, undervalued exploration

Drilling Activity Planned &

Highly experienced and passionate

investment opportunity

Government Co-funded

Board and Management

• Land position and potential upside of

• Proven track record of driving

the identified portfolio of targets not

• Active exploration programs

successful exploration, discovery and

recognised in MDI market value

underway

mine development

• Government co-funded drilling at

• Positioning for growth through multi-

Barkly

• IOCG and covered terrane

commodity exploration and target

exploration expertise

generation - Porphyry Copper Gold

and Epithermal Gold(QLD)

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Corporate Overview

Corporate Structure

Shares on Issue

Share Price (as at 30 September 2024)

Market Cap (as at 30 September 2024)

Cash (as at 30 September 2024)

Investments

Shares in ASX: EMU & TSX-V: Tajiri

(based on closing prices 30 September 2024)

Debt

Major Shareholders

Directors

Top 20 Shareholders

273.1M

Portfolio Overview

$0.016

$4.37M

$1.99M

$280k

NIL

~4%

~61%

ASX:AUN

Sold entire interest Sept 2024 ~5.4M unlisted options retained

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Board and Management

Experienced, well-rounded Board and Management team

Peter Thomas LLB, B.Juris ,

Non-Executive Chairman

Practicing solicitorfrom 1980 until June 2011, specialising in the provision of corporate and commercial advice to explorers and miners. Significant board experience since 1980s including founding chairman of Sandfire Resources NL, non-executive founding chairman Emu Nickel NL and NED Image Resources, of which he was the founding chairman.

Brad Marwood,

Non-Executive Director

Highly experienced mining engineerand resources industry executive with 30+ years experience. Career highlights include bringing the Kipoi (DRC) copper mine into production; completing development of Svartliden gold mine (Sweden). Previous senior roles held at Normandy, Dragon Mining, Lafayette, Moto Goldmines, Perseus Mining and Tiger Resources and is the Chairman of ASX- listed Yari Minerals.

Bruce Stewart,

Non-Executive Director

Involved in global capital markets30+ years with an emphasis on mining and hard assets. Previous experience includes co- heading Jeffries & Co global hard asset desk in New York, directorships on London listed mining companies, company reorganisation and sale, and various consultancy assignments for funds, investment banks and public and private companies.

Roland Bartsch MSc. BSc. (Hons),

Chief Executive Officer

Geoscientistmining executive with 30+ years experience in mining, project development, resource evaluation and mineral exploration. Global experience includes major mining companies, international consulting groups, and junior miners working on copper-gold, base metal, gold and iron ore projects.

Rudolf Tieleman,

CFO & Company Secretary

Rudolf Tieleman is an accountantwith over 25 years' experience in public practice. He has extensive knowledge in matters relating to the operation and administration of listed mineral exploration companies in Australia.

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Barkly Copper-Gold Super-Project

Multi Target Super Project

Built a strategic position

Permits & applications now 6,918km²

Targeting Iron Oxide Copper Gold

(IOCG) and Sediment Hosted Copper-

Silver-Lead-Zinc

50+ targets - 12 high priority

Permits adjoin Newmont, South 32 JV with Encounter Resources and Inca Minerals

Multiple Projects within the Super- Project - current focus is Georgina and Barkly Project

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IOCG Prospectivity

Exploration tenure covers key target areas

East Tennant Ridge - identified by Geoscience Australia as a highly prospective belt for IOCG deposits masked by younger cover rock sequences.

Georgina Project exploration licence extensively covers the more prospective East Tennant area.

Awarded $300,000 in aggregate in 2024 under two co-funding grants under Round 17 of the NT Government's GDC program.

Drilling at the Georgina Project was completed in 2024 under the first grant ($125K).

Georgina Project

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Georgina Project - Multiple Drill Targets

Multiple modelled well-defined density anomalies ('shoots') consistent with IOCG deposits

Targets Drilled in 2024

Designed as an initial test. 2 only of 7 proposed holes completed

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Georgina Project - Exploration at Work

Maiden drilling of targets commenced mid-July 2024

Full NT GDC Georgina grant funding being received.

Geologists Suite

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Georgina Project - 2024 Drilling

Multiple drill targets identified by detailed gravity 3-D density inversion models

Hole 24GPDD002

Depth 584.3m

Wilma Prospect (EL32109)

2 reconnaissance diamond holes completed to target depth.

An initial test only - particularly considering the large footprint of the Pebbles target.

Hole 24GPDD001

Depth 645.2m

Pebbles Prospect (EL32109)

Hole 24GPDD003

Abandoned at 97m

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Dino Prospect (EL32109)

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Georgina Project - Drilling results

New exploration possibilities opened up

Trace iron, lead ±zinc sulphides were recorded in narrow intervals of fractured and brecciated carbonates in the overlaying cover sequence - possible MVT style mineralisation.

Cover Rocks

Galena

Pyrite

Hole 24GPDD001

Hole 24GPDD001

Sphalerite

Hole 24GPDD002

Surface

'Cover'

Basement

D = 2.67

SCHEMATIC GEOLGY MODEL

PEBBLES PROSPECT

Approx stratigraphic

position, both holes

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