Midland Exploration Inc. · TSXV:MD
Midland Exploration — Investor Presentation (January 2023)
55 slides from Midland Exploration's investor presentation, January 2023
Slide 1: The Next Major Discoverer in Quebec
The Next ajor iscoverer in Quebec January 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, copper-gold, nickel and PGE; 82.4 million shares outstanding; Management: 8%, Institutions: 45%, Retail: 47% 87.9 million shares fully diluted; No debt, $9.5 million in cash in the treasury; $6.4M
Slide 4: Share Structure and Financial Information
Share Structure and Financial Information Share Ownership Structure Share Capitalization BHP Common Shares Outstanding (basic) 82,420,197 5% Management & Insiders 8% Options 5,570,000 Adrian Day Asset Fully-Diluted Shares Outstanding 87,990,197 Management Retails 12.3% 47% Current Assets & Revenue (
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.) - SylvainCONSULTANTS Trépanier ANNIE DUTIL
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 Historical Exploration Work Active Option Agreement ➢ IAMGOLD : Heva Midland Partners
Slide 7: Midland Recent Highlights
Midland Recent Highlights New Cu-Au-Mo-Ag discovery (0.21% Cu.Eq/345.5 m) with Probe on La Peltrie; New high grade gold-bearing structures discovery (18.9 g/t Au) on Laflamme; New option agreement with Brunswick on Mythril and Elrond for Li potential: New high grade Cu-Au discovery on our Labrador T
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 / Osisko (Au) and Brunswick (Li) Midland / Samson (Au) Midland / Mythril (Cu-Au
Slide 9: Abitibi Midland's Projects
Abitibi Midland’s Projects QUEBEC Midland / Abitibi Au Abitibi Gold Belt Montréal 9
Slide 10: Abitibi Geology – Midland Gold Projects
Abitibi Geology – Midland Gold Projects New discovery 6.85 g/t Au / 2 m Drilling 13 ddh’s (5,295 m ) Kenorland / Newmont Option Drilling 1,100 m MARTINIERE Jeremie DETOUR LAKE BUG LAKE FENELON / TABASCO Drilling 14 ddh’s (4,285 m ) Casault Nomans Wallbridge Opt Mag HR ZONE 58N Lower Détour Fault Gau
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: 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 14 14
Slide 15: 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 Agnico-Eagle - Yamana Malartic open pit 5 km Lapa New Target Area 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: New High-Grade Floats Discovery
New High-Grade Floats Discovery MAG 1st vertical derivative Au-Bearing Au-Bearing Shear Shear Zones Zones Possible source for floats & High-priority area for follow-up • Soil Geochem – Prospecting • Detailed HR Mag • Geophysics (IP) 0.17 g/t Au (grab) • Mechanical trenching 0.17 g/t Au (grab) 0.29 g
Slide 18: Laflamme JV – Sample A0361686 – Float
Laflamme JV – Sample A0361686 – Float 18 18
Slide 19: Laflamme JV – Sample A0361686 – Float
Laflamme JV – Sample A0361686 – Float New High-grade Au Float • 28.7 g/t Au (Qtz-Cb Stockwork) 19 19
Slide 20: Laflamme JV – Next Phase of Work
Laflamme JV – Next Phase of Work Possible source for floats & High-priority area for follow-up Mag Drone Survey • Soil Geochem - Prospecting • Mechanical trenching IP Survey Notting Hill Showing Laflamme JV 0.34 g/t Au over 25.56 m Incl. 3.12 g/t Au over 1.5 m VTEM Anomalies 0.94 g/t Au (grab) 2 Flo
Slide 21: 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 22: Laflamme JV – Sample A0361338
Laflamme JV – Sample A0361338 QZ veins, Si-CB alteration, ± 5% PY • 18.9 g/t Au 22 22
Slide 23: Laflamme JV – Sample A0361339
Laflamme JV – Sample A0361339 Strong Si alteration, ± 5% PY • 5.67 g/t Au 23 23
Slide 24: Laflamme JV – Sample A0361339
Laflamme JV – Sample A0361339 Shear, Strong Si-CB alteration, ± 10% PY • 3.73 g/t Au 24 24
Slide 25: Lewis – New Soil Anomalies
Lewis – New Soil Anomalies 447 000E Golden Nest Showing (10.2 g/t Au grab sample) Results= <2 g/t overall 5499000N Red Giant Showing Gabbro 5498200N Gold anomalies (>95 percentiles) Basalt Arsenic anomalies (>95 percentiles) Structures Gold Showings Anomalies (IP 2021) Map by P.Allard, Geo. 15-08-20
Slide 26: Abitibi New Opportunities Ni-Cu-Co-PGE
Abitibi New Opportunities Ni-Cu-Co-PGE Midland Copernick Ni-Cu-PGE Nickel Square Ni-Cu 0.45% Ni, 0.33% Cu, 0.15 g/t Pt, 0.24 g/t Pd over 42.6 m New Acquisition Quebec Nickel Corp. Magneto Investments LP Ducros Ni-Cu Project Dumont Ni Deposit 0.44% Ni, 0.51% Cu, 0.69 g/t Pt-Pd-Au over 18.5 m Proven+P
Slide 27: Nickel Square Geology – New acquisition (Ni-Cu)
Nickel Square Geology – New acquisition (Ni-Cu) Nickel Square Ni-Cu New acquisition 460 claims for 260 km² Laflamme JV Ultramafic Rocks 436 claims for 234 km² Copernick New High-grade Au floats 2016 Ni-Cu-PGE Discovery 28.7 g/t Au & 6.0 g/t Au (2 floats) OSBORNE-BELL (Osisko) GEANT DORMANT Inf. res.
Slide 28: 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 29: Midland James Bay Projects
Midland James Bay Projects Mythril Project Cu-Au-Mo-Ag QPMC. La Pointe Gold Deposit Elrond Project Newmont Stornoway Diamond Corp. Au Éléonore Gold Mine Renard Mine Sirios Ressources Inc. New Patwon discovery Cheechoo Gold Deposit Azimut Exploration Inc. Eastmain Ressources Inc. Eau Claire Gold Depo
Slide 30: Mythril Regional New 2019-2021 Showings
Mythril Regional New 2019-2021 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 31: Mythril – Mythril Regional Location
Mythril – Mythril Regional Location Little Whale Showing Boulder Field Boulder 1: Grab 10.25 g/t Au, 8.02 g/t Ag Boulder 2: Grab 7.99 g/t Au, 166 g/t Ag, Mythril Cu-Au-Mo-Ag Patriot Battery Metals 1.65% Li2O and 193 ppm Ta2O5 over 159.7 m (from 131.8 m downhole), including 4.12% Li2O and 162 ppm Ta2
Slide 32: West Float Fields
West Float Fields 12.0 % Cu, 0.33 g/t Au, 0.01 % Mo, 23.1 g/t Ag 32 32
Slide 33: 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 34: 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 35: Labrador Trough Midland's Projects
Labrador Trough Midland’s Projects Midland / Willbob (Au) Midland / SOQUEM (Ni-Cu-Au) Midland / BHP (Ni-Cu-Co) 35
Slide 36: Midland BHP Nunavik Alliance Ni-Cu-Co
Midland BHP Nunavik Alliance Ni-Cu-Co 2022 Exploration Plan ▪ Ground Regional MT surveys (June to August) ▪ Prospecting - 6 weeks (July-August) Strategic Alliance Ni-Cu-Co Midland-BHP Midland-NMEF JV Ni-Cu $1.4M additional for the 2022-2023 Generative Phase Papavoine Soissons Ni-Cu-Co 100% Midland 3
Slide 37: L2 New Ni Prospect
L2 New Ni Prospect New Ni Showing 0.61% Ni, 0.34% Cu, 0.11% Co 37 37
Slide 38: BHP Alliance – Soisson New Mineralization
BHP Alliance – Soisson New Mineralization 38 38
Slide 39: BHP Alliance – Soisson New Mineralization
BHP Alliance – Soisson New Mineralization Massive sulphides over 15 cm width 39 39
Slide 40: 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 41: New Cu-Au Discovery in Nachicapau Area
New Cu-Au Discovery in Nachicapau Area Legend 2022 New discovery Nachicapau Lake Cu showing Area of historical high Au-Cu showing grade Zn boulders up to 17.50 % Zn (#43390439) Midland-SOQUEM claims Field work 2022 Rock samples Malachite-chalcocite Historical rock samples boulder (#43390604) Virgini
Slide 42: 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 43: 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 43 43
Slide 44: 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 44
Slide 45: Nachicapau : 2022 Channel Sampling
Nachicapau : 2022 Channel Sampling (b) channel 1, #C879212 : 3.56 % Cu, 1.55 g/t Au, (c) channel 2, #C879224 : (a) Channel making in Nachicapau project 25.0 g/t Ag over 0.5 metres 1.17 % Cu, 0.56 g/t Au, 8.8 g/t Ag over 0.5 metres 45 45
Slide 46: Nachicapau : 2022 Rock Sampling Work
Nachicapau : 2022 Rock Sampling Work Quartz, carbonate, biotite, bornite and malachite vein in a boulder located 300 metres eastward of the mineralized horizons #C878990 – 2.95% Cu, 0.27 g/t Au, 30.0 g/t Ag 46 46
Slide 47: Midland Grenville Projects Location
Midland Grenville Projects Location Midland / Rio-Tinto (Ni-Cu) ABITIBI GOLD BELT 47
Slide 48: 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 49: Rio Tinto 2022 VTEM Survey – Tête Nord Ni-Cu
Rio Tinto 2022 VTEM Survey – Tête Nord Ni-Cu • 6,635 linear-kilometres completed • New conductors detected Lac Bouchette Lac Curé Ni-Cu • Prospection in progress Midland claims : Option Agreement Rio Tinto New claims : Option Agreement Rio Tinto Cabouron Cu Rio Tinto Properties Kiskissink Ni-Cu Othe
Slide 50: 2022-2023 Drilling Areas
2022-2023 Drilling Areas Lac Bouchette Midland claims : Option Agreement Rio Tinto New claims : Option Agreement Rio Tinto Drilling at Cabouron Rio Tinto Properties Other Competitors - claims Drilling at Bonhomme 2022-2023 Drilling Areas (3,750 m ; 15 ddh’s) Lac Edouard Mine Ni-Cu Main Showings Mine
Slide 51: Rochette Ni-Cu Showing
Rochette Ni-Cu Showing Magmatic breccia. Pyroxenite to melagabbronorite matrix with heavily disseminated sulfides. Clasts are all autoliths Magmatic breccia with pyroxenite to melagabbronorite matrix. Note the matrix-hosted sulfides (pyrrhotite + chalcopyrite). Note the milled rounded edges to clast
Slide 52: Coming Up for Midland Exploration
Coming Up for Midland Exploration New strategic partnerships (Au, Ni and Li projects) – Abitibi projects priority; Casault Option Wallbridge (Au): MAG Geophysics and drilling (Phase 2 – 3,000 m); La Peltrie Option Probe (Au): IP Geophysics and drilling (Phase 2- 3,000 m); ADDP including Patris-Heva-
Slide 53: Analysts and Newsletters Coverage
Analysts and Newsletters Coverage 53 53
Slide 54: Why Choose Midland Exploration
Why Choose Midland Exploration Strong management and technical team; Excellent share structure and well funded with more than $9.5M in cash in the treasury. More than $11.5M (MD $4.0M – Partners $7.5M) in exploration in 2023 with min. of 20,000 metres of drilling; $6.4M private placements with BHP b
Slide 55: Thanks-Merci!!
Thanks-Merci!! 55 www.midlandexploration.com
Midland Exploration — Investor Presentation (January 2023) on 6ix