Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (December 2021)
27 slides from Midnight Sun Mining's investor presentation, Dec 1, 2021
Slide 1: Discovering Copper & Cobalt in Zambia
D I S C O V E R I N G C O P P E R & C O B A LT I N Z A M B I A
Slide 2: Disclaimer
D I S C L A I M E R 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, employees
Slide 3: Table of Contents
Ta b l e o f C o n t e n t s Page Number Topic 4 Overview and Summary 7 Rio Tinto Earn-In & JV 8 Project Location 9 Target Summary 11 Kazhiba Dome 13 Mitu Trend 17 Gameno 18 Dumbwa 20 Western Flank 22 Current Work Program 23 Investment Summary 24 Management MMA.V
Slide 4: Company Overview
C o m p a n y O v e r v i e w Company Statistics as at December 1, 2021 Trading Symbol (TSXV) MMA Common Shares Outstanding 113,004,014 Options 6,000,000 Warrants 14,137,809 Share Price $0.25 52 Week Range $0.21-$0.42 30 Day Avg. Daily Volume 25,850 Market Capitalization $28,251,004 Key Management A
Slide 5: Capital Structure – as at December 1, 2021
C o m p a n y O v e r v i e w Capital Structure – as at December 1, 2021 Shares 113,004,014 Outstanding 1,000,000 $0.35 Expire Aug. 18, 2022 2,250,000 $0.36 Expire Jan. 31, 2023 2,200,000 $0.135 Expire May 6, 2025 550,000 $0.31 Expire April 28, 2022 6,000,000 Warrants 7,922,185 $0.25 Expire May 25,
Slide 6: Executive Summary
E x e c u t i v e S u m m a r y Midnight Sun Mining Corp. is a mid-stage copper and cobalt exploration company which owns an 80.65% interest in the Solwezi Licences in the Zambian Copperbelt. The Solwezi Licences consists of contiguous exploration licences which cover over 506 km2 adjacent to First
Slide 7: Rio Tinto Earn-In Agreement
R i o Ti n t o E a r n - I n A g r e e m e n t Initial Cash Payment of USD$700,000 to Midnight Sun Payment: Initial Work USD$3,000,000 work program Program: and USD$300,000 payment Stage 1 4 years to perform USD$16,000,000 in work expenditures and USD$1,000,000 51%: in payments to Midnight Sun Stage
Slide 8: Project Location
P r o j e c t L o c a t i o n Sentinel Lumwana Kansanshi FQM Barrick FQM Solwezi Midnight Sun 20km Domes Region of the Zambian-Congo Copperbelt “…watch out because Zambia is catching up and will soon regain its top spot as Africa’s leading copper producer” – Chris Yaluma, former Minister of Mines an
Slide 9: Target Summary
Ta r g e t S u m m a r y A number of key target areas have been delineated by Midnight Sun and Rio Tinto Kazhiba Dome Kansanshi Mine Kazhiba Dome 22 Zone Gameno Gameno Dumbwa 21509-HQ-LEL Dumbwa North Dumbwa South Western Flank Mitu Trend Mitu Likoka Sanda 12124-HQ-LEL Dumbwa Mawemba Mitu Trend West
Slide 10: Target Summary: Kansanshi and Target Area Highlights
Ta r g e t S u m m a r y First Quantum First Quantum's Flagship Mining Complex Africa's largest copper mining complex. Resources >1 billion tonnes Kansanshi Mine grading 0.7%-0.8% Cu and an additional 4 million ounces of Au Midnight Sun Target Area Highlights Multiple intercepts of high grade copper
Slide 11: Kazhiba Dome
K a z h i b a D o m e Kansanshi Mine Kazhiba Dome Solwezi 21509-HQ-LEL 12124-HQ-LEL Rio Tinto is currently working on identifying and modeling the geology of the Kazhiba Dome which underlies the 22 Zone, where an overturned Upper Plate and upright facing Lower Plate are 0 5 separated by a mafic brec
Slide 12: Kazhiba Dome
K a z h i b a D o m e Kansanshi Mine 22 Zone - Area of previous drilling VTEM response showing the previously unidentified domal feature (circled). High grade oxide copper mineralization (malachite) from SLZ-DD-14-010 drilled on the 22 Zone: 5.71%Cu over 14.2 (11.3true) metres. MMA.V
Slide 13: Mitu Trend
M i t u Tr e n d • Discovery of “ore shale” type Kansanshi Mine mineralization on the flank of the Solwezi Dome. • Ore shale mineralization is the Solwezi dominant type of Cu-Co-Ni-Au deposition in the Zambia-Congo 21509-HQ-LEL copperbelt, the largest single Cu production area in the world. • VTEM i
Slide 14: Mitu Trend
M i t u Tr e n d • To date, drilling has primarily been done on the Mitu target - the MITU initial discovery zone on the Mitu Trend. LIKOKA • Identified conductor on the Mitu target is SANDA approximately 1km in strike and 500m in dip and there is a strong correlation between mineralized results and
Slide 15: Cross Section of Original Discovery at Mitu Target
M i t u Tr e n d Cross Section of Original Discovery at Mitu Target Open Pit Depth MMA.V
Slide 16: Mitu Trend drill intercepts
MIDNIGHT Mitu Trend Hole True Width (m) Cu (%) Co (%) Ni (%) Cu eq (%) MDD-16-01 8.0 1.22 0.094 0.048 2.28 and 14.0 1.02 0.033 0.059 1.46* MDD-16-06 30.3 0.49 0.028 0.047 0.86 and 9.0 0.49 0.021 0.029 0.76 MDD-16-09 9.4 1.03 0.139 0.041 2.55 MDD-16-11 28 0.82 0.029 0.051 1.20* MDD-17-15 11.6 3.44 0.
Slide 17: Gameno
G a m e n o • Anomalous Cu detected in soil Kansanshi Mine samples over multiple kms. • Near surface Cu mineralization confirmed by air core drilling. 21509-HQ-LEL Gameno • 24m @ 0.21% Cu from 19m. incl. 3m @ 0.55% from 29m. • A 200m spaced fence of diamond holes are planned across this target to fo
Slide 18: Dumbwa
D u m b w a • The Dumbwa soil geochemical copper anomaly is one of the strongest on record in Kansanshi Mine Zambia, with soil samples measuring up to 0.728% Cu. • Successive campaigns of soil sampling and shallow drilling have tested oxide copper potential with positive results. Solwezi • The Dumbw
Slide 19: Dumbwa
D u m b w a A +14 km long north- Additional sampling on 6 core holes drilled in 2015-2016 all returned Cu and south trending soil 100 m intervals detected Co intercepts in either near surface oxide or deeper anomaly was located very strong Cu values sulfide zones. during an 800 m line over a strike
Slide 20: Western Flank
W e s t e r n F l a n k Kansanshi Mine • The VTEM survey identified the largest continuous conductive trend on the property. 21509-HQ-LEL Solwezi • Occurs in the same geology as that surrounding the neighbouring Kansanshi Mine. Western • Approximately 5km strike by 2km dip. Flank 12124-HQ-LEL • No k
Slide 21: Western Flank
W e s t e r n F l a n k Kansanshi Mine 21509-HQ-LEL Solwezi • Size and scale shown by this anomaly makes it clear that appropriate investigation and attention is warranted. 12124-HQ-LEL • This conductive trend represents a potential new discovery. 0 5 km MMA.V
Slide 22: Current Work Program
C u r r e n t W o r k P r o g r a m Kansanshi Mine • Rio Tinto is currently on the property performing their 2021 work program with an expected completion date December 13. • Planned budget is +USD $3,200,000. 21509-HQ-LEL Gameno • Rio Tinto’s planned work includes: • 4,000 metres of diamond and 1,9
Slide 23: Investment Summary
I n v e s t m e n t S u m m a r y • Large land position in an exceptional location ~ 10 km from Kansanshi (First Quantum), 60 km from Lumwana (Barrick), 120 km from Sentinel (First Quantum), and 200 km from Kamoa-Kakula (Ivanhoe Mines). • World class operating partner in Rio Tinto. • Two high grade
Slide 24: Management & Directors
M a n a g e m e n t & D i r e c t o r s Al Fabbro – President, CEO & Lead Director Mr. Fabbro has over 40 years' experience in both the finance and mining industries. From 1984 to 1990, Mr. Fabbro headed the retail trading department of Yorkton Securities, followed by six years with Yorkton's Natura
Slide 25: Management & Directors
M a n a g e m e n t & D i r e c t o r s Rick Mazur - Director Mr. Mazur, P. Geo, MBA is a geoscientist who has held positions in the international exploration and mining industry for over 30 years as a project geologist, financial analyst and senior executive on uranium, gold, base metals, coal and
Slide 26: Management & Directors
M a n a g e m e n t & D i r e c t o r s Matt MacKenzie – VP, Corporate Development & Corporate Secretary Mr. MacKenzie, JD, MBA began his career in finance with GE Capital and BMO Capital Markets. There he worked directly with clients in diverse fields including mineral exploration and production, o
Slide 27: Contact Details
C o n t a c t D e t a i l s MIDNIGHT SUN MINING CORP. #770 – 789 West Pender Street Vancouver, B.C. V6C 1H2 Al Fabbro +1 604-351-8850 al@midnightsunmining.com TSX.V – MMA OTC - MDNGF MMA.V
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