Middle Island Resources : Presentation to Shareholders

only	Exploring for
	Copper in Elephant
	Country
useMiddle Island Resources
Barkly Copper Gold Focus
ersonal

Annual General Meeting - November 2021

Disclaimer Notice and Competent Person's Statement

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

onlysecurity in Middle Island Resources Limited ("MDI") nor does it form the basis of any contract or commitment. MDI makes no representation or warranty,

express or implied, as to the accuracy, reliability or completeness of this material. MDI, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded.

F rward Looking Statements

Statements contained in this material, particularly those regarding possible or assumed future performance, timeframes, costs, dividends, production

usel v ls or rates, prices, resources, reserves or potential growth of MDI, industry growth or other trend projections are, or may be, forward looking stat ments. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors.

Previously Reported Information

This presentation includes information that relates to Mineral Resources and exploration results which were prepared and first disclosed under the JORC
Code 2012. The information was extracted from the Company's previous ASX announcements as follows:-
ersonal
•	Mineral Resources: ASX Releases 14 April 2020, 24 July 2020, 14 August 2020, 2 October 2020, 21 October 2020, 17 November 2020 & 7 July
	2021.
•	Exploration Results: ASX Releases of 18 January 2017, 12 September 2017, 14 November 2017, 19 December 2018, 14 April 2020, 21 April
	2020, 28 April 2020, 8 May 2020, 22 May 2020, 29 May 2020, 26 June 2020, 2 July 2020, 29 July 2020, 30 July 2020, 6 August 2020, 18 August
	2020, 27 August 2020, 9 October 2020, 30 October 2020 & 23 December 2020.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of reporting of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which any Competent Person's findings are presented have not been materially modified from the original market announcements.

2

Capital Structure	ASX Code: MDI

Shares on Issue onlyU listed Options Number of Shareholders useTop 20 Shareholders Institutions

Directors

ersonalCash & Investments (15 November 2021) Market Cap at 10cps (15 November 2021)

122M

21.6M

~2,300

~46%

~11%

~3%

A$2.0M

A$12M

3

Investment Highlights

• Barkly Super Project (COPPER)

only	• MDI has secured a dominant > 5,220km2 position
• Crosswind's copper prospect discovered during first site visit.
•	Prospective unexplored IOCG province (i.e. Olympic Dam style)
• Recent 10 holes drilled by MinEX CRC's National Drilling
	Initiative (NDI)
	• Exciting results uncovered at April AGES conference, NT
• Sandstone (GOLD)
use	• Feasibility Study completed - Positive marginal result - Requires
	additional ounces at current gold price
	• 750ktpa processing plant upgrade - Positive option
	•	JORC (2012) Mineral Resources - 768,100oz gold*.
	• ~59,000m drilling last 15 months, defined 5 new satellite pits.
	• Only processing plant for 150km
	•	Sandstone focus - to identify additional >25,000oz Au by
		Exploration, Toll Treatment or M&A
* Refer to Mineral Resource Statement on slide 17.
ersonal		4

Barkly Tableland - Infrastructure

onlyuse ersonalSource - AGES Conference, Alice Springs, NT April 2021

5