Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (February 2024)
26 slides from Midnight Sun Mining's investor presentation, Feb 20, 2024
Slide 1: Transformative Copper Discoveries in the Heart of Zambia
T R A N S F O R M A T I V E C O P P E R D I S C O V E R I E S I N T H E H E A R T O F Z A M B I A February 20th, 2024
Slide 2: Forward looking statements
Forward looking statements This Presentation is for information purposes in connection with Midnight Sun Mining, (“Midnight Sun” or the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, em
Slide 3: The Opportunity
The Opportunity Our property is large, highly prospective, and located in Zambia, in the heart of the Zambia-Congo copper belt, the second largest copper producing region in the world1 We are surrounded by world-class copper mines and world class mining companies including First Quantum, Barrick, Ri
Slide 4: Why Copper?
Why Copper? Copper is “The metal of electrification”. “The world is currently facing a global copper shortage, fueled by increasingly challenging supply streams in South America and higher demand pressures.”1 4 1) Source: CNBC https://www.cnbc.com/2023/02/07/there-isnt-enough-copper-in-the-world-sho
Slide 5: Zambia – A World Class Copper District
Zambia – A World Class Copper District A globally ranked “top copper producer” and mining powerhouse for +100 years Mining is crucial to the Zambian economy, responsible for 75% of Zambia’s export earnings Led by an elected, pro-mining government, the Zambian mining sector is governed and regulated
Slide 6: The Heart of The Zambian Congo Copper Belt Surrounded by World-Class Producers
The Heart of The Zambian Congo Copper Belt Surrounded by World-Class Producers 6
Slide 7: Our Discoveries VS World-Class Producers
Our Discoveries VS World-Class Producers Comparison by Grade1,2,3 LUMWANA KANSANSHI SENTINEL 0.55% Cu 0.66% Cu 0.51% Cu 20 km from Midnight Sun ~10 km from Midnight Sun ~120 km from Midnight Sun MIDNIGHT SUN Dumbwa Soil Anomaly >20 km up to 0.73% Cu Drill highlights include 16.5 m of 0.93% Cu incl 5
Slide 8: Zambia - The Domes Region
Zambia - The Domes Region DEMOCRATIC REPUBLIC OF CONGO ZAMBIA First Quantum KANSANSHI >1Bt @ ~0.66% Cu Solwezi Dumbwa - KoBold Metals Earn-in. First Quantum - SENTINEL 1.03Bt @ 0.51% Cu Barrick"Gold LUMWANA 960Mt @ 0.55% Cu Midnight Sun SOLWEZI LICENCES || Kundelunga {_] Nguba Lelishsisha [J Mwasha
Slide 9: Size and Scale – The Great Differentiator
Size and Scale – The Great Differentiator Our Targets Deposits in the Zambia-Congo Copper Belt contain…. Billions of tonnes Not Millions of tonnes We are targeting the discovery of multi-generational copper deposits 9
Slide 10: Multiple Unique Opportunities For A Transformative Discovery
Multiple Unique Opportunities For A Transformative Discovery 5062 km’s of optimal geology Multiple, separate geological systems within the boundaries of our property 5 targets - Each representing a significant and distinct opportunity for discovery of a transformative, multi-generational deposit or
Slide 11: KoBold Earn-In
KoBold Earn-In Dumbwa Funded by Gates-backed AI Explorer • USD $15 Million in Exploration at Dumbwa, over 4.5 years • USD $500,000 in cash payments to Midnight Sun over 4.5 years • Minimum 2000 meters in diamond drilling in 2024 • KoBold World-Class Geological Team including Dr. David Broughton to l
Slide 12: KoBold Joint Venture: Who is KoBold?
KoBold Joint Venture Who is KoBold? ● KoBold Metals Company is a US-based exploration and mining company, currently advancing 60 active projects spanning 4 continents ● Backed by world-class technology investors including Bill Gates and his Breakthrough Energy Ventures (initiated by Bill Gates), Sil
Slide 13: KoBold Metals: A Geological Dream Team
KoBold Metals A Geological Dream Team • KoBold has assembled a top global sediment-hosted copper team, led by Chief Geologist Dr. David Broughton, a world-renowned expert in sediment hosted copper deposits About Dr.David Broughton • Dr. Broughton was instrumental in several major discoveries includi
Slide 14: Multiple Targets: Target 1 - Dumbwa
Multiple Targets Target 1 - Dumbwa DUMBWA HIGHLIGHTS Midnight Sun and KoBold Metals sign Earn-In Agreement to explore tier-one Dumbwa Target in January 20241 KoBold can earn a 75% interest in Dumbwa, by spending $15 million in exploration over the next 4.5 years, with a minimum 2,000 metres of diamo
Slide 15: Dumbwa Target
i Midnight Sun DUMBWA TARGET Wy Kundelunga | Nguba [| Mwasha TI Upper Roan sediments 1 Lower Roan sediments Hy Basement Drill Highlights DC-15-03: 13m @ 0.63% Cu including 3m @ 1.3% Cu DC-16-01: 12m @ 0.72% Cu DC-16-39: 12m @ 0.65% Cu including 6m @ 1.06% Cu SDDO06: 13.5m @ 0.77% Cu SDRCO6: 15m @ 0.
Slide 16: Multiple Targets: Target 2 - Kazhiba Dome
Multiple Targets Target 2 - Kazhiba Dome KAZHIBA DOME HIGHLIGHTS <10km from the Kansanshi Mine Complex Discovery hole: 11.3 m of 5.71% Cu with additional intercepts including 21 m of 3.26% Cu and 6.4 m of 5.08% Cu1 all near surface Multiple drill intercepts identified a high-grade copper oxide blank
Slide 17: Kazhiba Dome
Kazhiba Dome DRILL HIGHLIGHTS AT KAZHIBA DOME INCLUDE: • SLZ-13-RC-002 - 21.0 m of 3.26% Cu • SLZ-14-DD-010 - 11.3 m of 5.71% Cu • SLZ-14-DD-005 - 6.4 m of 5.08% Cu • SLZ-14-DD-001 - 4.5 m of 6.27% Cu 17
Slide 18: Multiple Targets: Target 3 - Mitu
Multiple Targets Target 3 - Mitu MITU HIGHLIGHTS 2022 Drilling intercepted Copper/Cobalt mineralization, including 11.6 m of 3.44% Cu and 11.5 m of 1.41% Cu1 New Analog established - Copper mineralisation style (Cu-Co-Ni-Au) and grade similar to Sentinel Mine just 100 km to the west2 Proof of concep
Slide 19: Mitu Drill Highlights
Mitu Drill Highlights DRILL HIGHLIGHTS AT MITU INCLUDE: • MDD-17-15 – 11.6 m of 3.44% Cu, 0.07% Co, 0.06% Ni • MDD-16-01 - 8.0 m of 1.22% Cu, 0.09% Co, and 0.05% Ni and 14.0 m of 1.02% Cu, 0.03% Co, 0.06% Ni • MDD-16-06 - 30.3 m of 0.49% Cu, 0.03% Co, and 0.05% Ni and 9.0 m of 0.49% Cu, 0.02% Co, 0.
Slide 20: Multiple Targets: Target 4 - Crunch
Multiple Targets Target 4 - Crunch CRUNCH ZONE HIGHLIGHTS A VTEM survey identified the largest untested continuous EM conductive target on the property at Crunch This conductive trend represents a potential new discovery occurring in the same stratigraphy as that surrounding the neighbouring Kansans
Slide 21: Multiple Targets: Largest Untested EM Target
Multiple Targets Largest Untested EM Target 13.5 km Kansanshi Mine 7.8 km Untested & continuous target, extending for over 5 km in length and 2 km strike 21 1) 0 5 Source: https://www.midnightsunmining.com/zambian-properties/
Slide 22: Multiple Targets: Target 5 – Oxide Copper
Multiple Targets Target 5 – Oxide Copper OXIDE COPPER - A NEAR-SURFACE, NEAR TERM MINING OPPORTUNITY Goal: >50 million tonnes ≥ 0.3% Cu Extensive oxide copper potential exists across entire property package Represents an attractive opportunity for an existing local operator or new entrant to the wor
Slide 23: The Opportunity - Takeaway
The Opportunity - Takeaway • Our property is large, highly prospective, and located in Zambia, in the heart of the Zambia-Congo copper belt, the second largest copper producing region in the world1 • We are surrounded by world-class copper mines and world class mining companies including First Quant
Slide 24: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 118.6 million Warrants 10.6 million Options Outstanding 8.7 million Share Price $0.31 Market Capitalization $36.8 million Management & Directors 10% 52 Week Range $0.19 - $0.33 24 1) As at January 15th, 2024
Slide 25: Directors & Management
Directors & Management Al Fabbro Robert Sibthorpe PRESIDENT, CEO & DIRECTOR VICE PRESIDENT, EXPLORATION & DIRECTOR • Finance and mining executive and entrepreneur • Geologist, executive and mining entrepreneur • +45 years' experience • +50 years' experience • Former head retail trading of Yorkton Se
Slide 26: Corporate Inquiries
T R A N S F O R M A T I V E C O P P E R D I S C O V E R I E S I N T H E H E A R T O F Z A M B I A CORPORATE INQUIRIES Adrian O’Brien CORPORATE ADDRESS Director Marketing & Communications #1205 – 789 West Pender Street TSX.V: MMA 604 809 6890 Vancouver, BC V6C 1H2 OTCQB: MDNGF adrian@midnightsunminin
Midnight Sun Mining — Investor Presentation (February 2024) on 6ix