Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (February 2025)
22 slides from Midnight Sun Mining's investor presentation, Feb 2, 2025
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 2nd, 2025
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 the “Domes Region” of Zambia - the very heart of the prolific Zambia-Congo copper belt. One of the largest global copper-producing regions1 Our vast property features multiple oxide and sulfide copper targets; each a unique op
Slide 4: Zambia – A World Class Copper District
Zambia – A World Class Copper District A globally ranked “top copper producer” and mining powerhouse for +100 years Geological environment is conducive to large, high-grade and scalable copper deposits, in fact Zambia possesses one of the world’s highest-grade deposits of copper Home to world-class
Slide 5: The Heart of The Zambia-Congo Copper Belt Surrounded by World-Class Producers
The Heart of The Zambia-Congo Copper Belt Surrounded by World-Class Producers 5
Slide 6: Zambia - The Domes Region: Billions of Tonnes not Millions of Tonnes
Zambia - The Domes Region Billions of Tonnes –not- Millions of Tonnes >1Bt @ ~0.66% Cu 1.03Bt @ 0.51% Cu 960 Mt @ 0.55% Cu 6
Slide 7: Our Discoveries VS World-Class Producers Comparison by Grade
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 29 m of 0.7% Cu incl 16.5
Slide 8: Vast Land Package, Multiple Opportunities And Two-Fold Attack Plan
Vast Land Package, Multiple Opportunities And Two-Fold Attack Plan For Discovery and Growth In early 2024 we launched a Two-Fold Attack Plan Today, we are De-Risked and Fully Funded 1 - Oxide Copper Targets 21m @ 10.69% Cu Demonstrate that oxide copper mineralization has grade, scale, and 26m @ 5.6%
Slide 9: Dumbwa: A Tier-One Sulfide-Copper Exploration Target
DUMBWA A TIER-ONE SULFIDE-COPPER EXPLORATION TARGET KOBOLD METALS $15.5MM EARN-IN 9
Slide 10: Dumbwa Target
i Midnight Sun DUMBWA TARGET 5 km | Kundelunga | Nguba {_] Mwasha | Upper Roan sediments Hi Lower Roan sediments | Basement DC-15-03: 13m @ 0.63% Cu including 3m @ 1.3% Cu DCAC-39: >12m @ 0.65% Cu including 6m @ 1.06% Cu SDDDO6: 13.5m @ 0.77% Cu SDRCO6: >10m @ 0.75% Cu SDRCO5: 15m @ 0.71% Cu SDRC13:
Slide 11: Dumbwa – A Tier-One Exploration Target Funded by KoBold Metals
Dumbwa – A Tier-One Exploration Target Funded by KoBold Metals - Gates-backed AI Explorer Dumbwa 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 • E
Slide 12: The Geological Approach: KoBold and Midnight Sun - A Dream Team
The Geological Approach KoBold and Midnight Sun - A Dream Team Dr. David Broughton – Chief Copper Geologist Dr. Kevin Bonel – COO, Zambia • Instrumental in several major discoveries including • +25 years' experience in Sub-Saharan Africa, most Kamoa, Kansanshi and Platreef recently with Barrick Gold
Slide 13: Oxide Copper: A Cooperative Exploration Plan with First Quantum
OXIDE COPPER A COOPERATIVE EXPLORATION PLAN WITH FIRST QUANTUM 13
Slide 14: First Quantum Cooperative Exploration Plan: Our Oxide-Copper Opportunity
First Quantum Cooperative Exploration Plan Our Oxide-Copper Opportunity OXIDE COPPER - A NEAR-SURFACE, NEAR-TERM MINING OPPORTUNITY >1Bt @ ~0.66% Cu Cooperative Exploration plan in place with First Quantum to jointly define potential feed sources on our property, for First Quantum’s SX/EW oxide copp
Slide 15: First Quantum Cooperative Exploration Plan: Initial Target - Kazhiba
First Quantum Cooperative Exploration Plan Initial Target - Kazhiba 2024 exploration program completed 21m @ 10.69% Cu 26m @ 5.6% Cu 15m @ 3.01% Cu Established “Proof of Concept” - Kazhiba is a strongly variable near >1Bt @ ~0.66% Cu surface (low strip) unexploited oxide copper opportunity featuring
Slide 16: First Quantum Cooperative Exploration Plan: Initial Target - Mitu
First Quantum Cooperative Exploration Plan Initial Target - Mitu Mitu >1Bt @ ~0.66% Cu Drilling to date, intercepted numerous high-grade intervals of oxide mineralization, starting from surface Mineralization intercepted at Mitu, contained significant cobalt and nickel in addition to high grade copp
Slide 17: Two Targets For Near-Surface Mineralization – Kazhiba and Mitu
First Quantum Cooperative Exploration Plan 2 Targets For Near-Surface Mineralization – Kazhiba and Mitu • 21m @ 10.69% Cu • 26m @ 5.6% Cu >1Bt @ ~0.66% Cu • 15m @ 3.01% Cu • 7m @4.66% Cu • 21.1m of 8.52% Cu • 4.5m of 6.31% Cu • 24m of 3.15% Cu • 8m of 5.14% Cu • 14.2m of 5.71% Cu, incl. 7.2m of 9.58
Slide 18: The Blue Sky: Additional Large-Scale Sulfide Targets
THE BLUE SKY MULTIPLE ADDITIONAL LARGE-SCALE SULFIDE TARGETS AT KAZHIBA, MITU AND CRUNCH 3 ADDITIONAL TARGETS FOR TRANSFORMATIVE SULFIDE COPPER DISCOVERY, WHOLLY CONTROLLED BY MIDNIGHT SUN WE INTEND TO SELF FUND THE EXPLORATION OF THESE TARGETS THROUGH CASHFLOW FROM OXIDE COPPER PRODUCTION 18
Slide 19: The Takeaway
The Takeaway - In less than 18 months, Midnight Sun has • Established 2 Strategic Deals with KoBold & First Quantum to explore both near surface, oxide copper and large “Domes Style” sulfide copper targets • Raised $10MM in May 2024. Through warrant exercise, have maintained treasury balance of $10M
Slide 20: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 172.0 million Warrants 52.0 million Options Outstanding 12.7 million Share Price $0.69 Market Capitalization $119.0 million Management & Directors 10% Corporate & Institutional 16% 52 Week Range $0.205 - $0.72 ANALYST COVERA
Slide 21: Directors & Management
Directors & Management Al Fabbro Kevin Bonel Adrian O’Brien PRESIDENT, CEO & DIRECTOR COO, ZAMBIA VP BUSINESS DEVELOPMENT & COMMUNICATIONS • Finance and mining executive and entrepreneur • Ph.D, P.Geo. Independent geologist and exploration manager • Senior Exploration Executive and Senior Marketing
Slide 22: 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 VP Business Development & Communications #1205 – 789 West Pender Street TSX.V: MMA 604 809 6890 Vancouver, BC V6C 1H2 OTC: MDNGF adrian@midnightsunmi
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