Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — VRIC 2024
23 slides from Midnight Sun Mining's conference presentation, Jan 22, 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 VRIC, 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, Iv
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: Size and Scale – The Great Differentiator
Size and Scale – The Great Differentiator Our Target 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 7
Slide 8: Surrounded by World-Class Producers: The Importance of Grade
Surrounded by World-Class Producers The Importance of Grade LUMWANA KANSANSHI SENTINEL 0.51% Cu 0.66% Cu 0.51% Cu MIDNIGHT SUN Dumbwa Soil Anomaly >20 km up to 0.73% Cu Drill highlights include 11.3 m of 5.71% Cu (Kazhiba Dome) 21 m of 3.26% Cu (Kazhiba Dome) 6.4 m of 5.08% Cu (Kazhiba Dome) 16.5 m
Slide 9: Zambia - The Domes Region
Zambia - The Domes Region First Quantum ENTINEL 1.03Bt @ 0.51% Cu (] Kundelunga | (J Nguba [J Mwasha {__] Upper Roan sediments it Hi Lower Roan sediments {_] Basement ee, DEMOCRATIC REPUBLIC OF CONGO ZAMBIA First Quantum KANSANSHI >1Bt @ ~0.66% Cu arrick*Gold LUMWANA 960Mt @ 0.55% Cu Midnightisan SO
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 unique opportunity for discovery of a transformative, multi-generational deposit Targe
Slide 11: Target 1 - Dumbwa
Multiple Targets Target 1 - Dumbwa DUMBWA HIGHLIGHTS Tier-One Exploration Target Continuous high-grade copper-in-soil anomaly for over 20 km along strike and ~1 km wide with peak values up to 0.73% Cu Multiple stacked mineralized horizons analogous to Barrick’s Lumwana Systematic drilling guided by
Slide 12: Dumbwa
Dumbwa 6 diamond drill holes returned Cu and Co intercepts, in near surface oxide or deeper sulfide zones Highlights include: Drillhole DC-15-03: 13 m @ 0.63% Cu incl. 3 m @ 1.3% Cu Drillhole DC-16-01: 12 m @ 0.72% Cu Drillhole DCAC-16-39: 12 m @ 0.65% Cu incl. 6 m @ 1.06% Cu A +20 km long north-sou
Slide 13: 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 14: 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 14
Slide 15: 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 16: 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 17: 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 18: 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 18 1) 0 5 Source: https://www.midnightsunmining.com/zambian-properties/
Slide 19: 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 20: 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 21: 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 21 1) As at January 15th, 2023
Slide 22: 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 • +40 years' experience • +50 years' experience • Former head retail trading of Yorkton Se
Slide 23: 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