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MIDDLE ISLAND RESOURCES LIMITED 470 posts

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MI logo.jpg
Two Mile Hill tonalite drilling results
two mile wireframe.jpg

372.7m at 1.52 g/t
230.4m at 1.62 g/t
353.3m at 1.04 g/t
141.0m at 2.30 g/t
156.3m at 1.14 g/t


two mile diagonal.jpg two mile verticle.jpg
*Please refer to the Company’s ASX Announcements page
http://www.middleisland.com.au/html/s02_article/article_view.asp?keyword=InvestmentHighlights
MI logo.jpg
Investment Highlights
  • Potential near-term gold production at Sandstone requiring modest capital.
  • Considerable additional resource & exploration upside.
  • Opportunity to consolidate or toll-treat third-party deposits within Sandstone district.
  • Deeper Two Mile Hill potential represents significant project opportunity.
  • Ideally timed acquisition for an emerging developer in a more buoyant Australian gold market.
  • Strong, stable, supportive share register.
  • Highly experienced & credible exploration & project development team.
  • Optionality of 100%-owned Reo gold project in Burkina Faso.
Processing Plant

600,000tpa CIP plant. C&M since 2010. Conventional grinding, milling & leach circuits. Refurbishment costs of $8.05M, plus owner’s costs of $1.28M. Only processing plant for 150km.

Processing plant.png

Infrastructure

Contract diesel-generated power plant. Fuel tanks, workshops, laboratory & mine offices. Substantial inventory of equipment & spares. Permitted in-pit tailings facility & bore field. Fully equipped camps (accommodating 100) in nearby Sandstone. Exploration Camp and core farm. Well-maintained airport to service FIFO operations.

tanks.png

Investor Presentation

*Please refer to the Company’s ASX Announcements page
http://www.middleisland.com.au/html/s02_article/article_view.asp?keyword=InvestmentHighlights
MI logo.jpg
Sandstone Gold Project - Summary
  • A 100% interest in the Sandstone gold project in Western Australia.
  • Two adjacent, granted & fully permitted Mining Leases collectively covering 20 square kilometres.
  • Mineral Resources (JORC 2004) of ~11Mt grading 1.4g/t Au for 480,000 ounces of gold, plus considerable resource & exploration upside.
  • 600ktpa CIP gold processing plant on care & maintenance, associated infrastructure, spares & camps.
  • Near-term production potential.
  • Exceptional brownfields targets associated with the Two Mile Hill tonalite & BIF.
  • Numerous greenfields exploration targets within project & third-party deposits in the district.
Location & Tenure

location.jpg
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