Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (April 2023)
29 slides from Midnight Sun Mining's investor presentation, Apr 28, 2023
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 April 28, 2023
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 vast, highly prospective, and located in Zambia, in the heart of the Zambian-Congo copper belt, the second largest Copper Producing region in the world We are surrounded by world-class producing copper mines, including Africa’s largest copper producer right next door
Slide 4: Why Copper?
Why Copper? “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-shortage-could-last-until-2030.html
Slide 5: Zambia – A World Class Copper District
Zambia – A World Class Copper District Zambia is a welcoming jurisdiction. A mining powerhouse for +100 years and one of the largest copper producers in Africa, led by a Pro Mining Government. Mining is crucial to the Zambian economy, responsible for 75% of Zambia’s export earnings With an elected,
Slide 6: Located in the Heart of the Zambian-Congo Copper Belt
Located In The Heart Of The Zambian-Congo Copper Belt 6
Slide 7: Surrounded By World-Class Producers
Surrounded By World-Class Producers ~10 km from Midnight Sun KANSANSHI (First Quantum) Resources >1 billion tonnes, at ~0.66% Cu and an additional 4 million ounces of Au Africa’s largest copper mining complex1 ~20 km from Midnight Sun LUMWANA (Barrick) 960 million tonnes @ 0.55% Cu2 ~120 km from Mid
Slide 8: Surrounded By World-Class Producers
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 0.728% 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: Surrounded By World-Class Producers
Surrounded By World-Class Producers 9
Slide 10: Multiple Unique Opportunities For A Transformative Discovery
Multiple Unique Opportunities For A Transformative Discovery DUMBWA CRUNCH ZONE • Continuous high-grade copper-in-soil anomaly for over 20 km along strike • Newly identified structural target and about 1 km wide with peak values up to 0.78% Cu • Major structural boundaries compressed between domal s
Slide 11: Multiple Targets - Multiple Opportunities
Multiple Targets - Multiple Opportunities MULTIPLE OPPORTUNITIES FOR TRANSFORMATIVE DISCOVERY Dumbwa Kazhiba Dome (22 Zone) Mitu Trend Crunch Zone Oxide Potential (Entire property package) 11
Slide 12: Multiple Targets: Dumbwa
Multiple Targets Dumbwa DUMBWA HIGHLIGHTS Continuous high-grade copper-in-soil anomaly for over 20 km along strike and ~1 km wide with peak values up to 0.78% Cu The Dumbwa soil anomaly is the strongest on record in Zambia Multiple stacked mineralized horizons analogous to Barrick’s Lumwana Further
Slide 13: 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 14: Multiple Targets: Kazhiba Dome
Multiple Targets Kazhiba Dome KAZHIBA DOME HIGHLIGHTS Located ~20 km NW of the Solwezi Dome and less than 10km from the western gate of the Kansanshi Mine complex Underlain by a previously undiscovered basement dome similar to those at Kansanshi and Solwezi. Domes are believed to be associated with
Slide 15: 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 Underlain by a previously undiscovered basement dome similar to those at Kansanshi and Solwezi. Dom
Slide 16: Kazhiba Dome
Kazhiba Dome High grade oxide copper mineralization (malachite) from SLZ-DD-14-010 drilled on the 22 Zone: 5.71% Cu over 14.2 (11.3 true) metres 16 1) Source: https://www.midnightsunmining.com/zambian-properties/
Slide 17: Multiple Targets: Mitu
Multiple Targets Mitu MITU HIGHLIGHTS Series of potential near surface Cu-Co-Ni-Au intercepts Copper / cobalt mineralization in shales and Kansanshi style veins, including 11.6 m grading 3.44% Cu “Ore-shale” type mineralization on the flank of the Solwezi Dome Recent discovery of structurally contro
Slide 18: Mitu
Mitu New geophysical and geochemical data highlighted NE/SW structural controls cross cutting the Mitu Trend Mitu Discovery Area Recent drilling has confirmed these structures contain MDD-17-15 Kansanshi-style mineralized veins (11.6 m @ 4.23% Cu Eq) To date, drilling has primarily been done on the
Slide 19: Mitu Cross Section of Discovery Area
Mitu CROSS SECTION OF MITU DISCOVERY AREA A SE A’ NW MDD-17-01 MAC-17-19 MDD-16-01 MDD-17-04 MTDD04 MDD-16-09 4 Overburden/saprolite Schist intercalated with sedimentary units 14 m Shales Shales @ 0.78% Cu Sedimentary units intercalated with schist Shales Shales 16.5 m Shale @ 0.93% Cu s Calcite inc
Slide 20: Mitu Plan View of Original Discovery
Mitu PLAN VIEW OF ORIGINAL DISCOVERY AT MITU MDD-16-11 32.9 m @ 0.81% Cu MTDD044 MAC-17-19 11.5 m @ 1.51% Cu 16.5 m @ 0.93% Cu including 6.6 m @ 2.26% Cu including 5 m @ 1.36% Cu A’ MDD-17-04 28.2 m @ 0.4% Cu MDD-16-09 A including 5 m @ 0.95% Cu 10 m @ 1.135% Cu MDD-16-01 14 m @ 0.78% Cu Claim Cu(pp
Slide 21: Mitu Drill Highlights
Mitu Drill Highlights DRILL HIGHLIGHTS AT MITU INCLUDE: 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, 0.03% Ni MDD-16-09 - 9.4 m of 1.03% Cu, 0.14% Co, and 0.04%
Slide 22: Multiple Targets – Crunch Zone
Multiple Targets – Crunch Zone 13.5 km Kansanshi Mine 7.8 km Crunch Zone CRUNCH ZONE HIGHLIGHTS Newly identified structural target Wedged fan of tight structural folds Located between domal structures and linked to Kansanshi via a succession of sedimentary host rock 0 5 22
Slide 23: Crunch Zone
Crunch Zone A VTEM survey identified the largest untested continuous EM conductive target/anomaly on the property The trend occurs in the same stratigraphy as that surrounding the neighbouring Kansanshi Mine Untested & continuous for +5 km in length and 2 km strike 23 1) https://www.midnightsunminin
Slide 24: Crunch Zone
Crunch Zone Size and scale shown by this anomaly makes it clear that appropriate investigation and attention is warranted This conductive trend represents a potential new discovery 24
Slide 25: Oxide-Copper Across Our Property
Oxide-Copper Across Our Property OXIDE COPPER - A NEAR-SURFACE, NEAR TERM MINING OPPORTUNITY Goal: >50 million tonnes at 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 world-clas
Slide 26: The Opportunity
The Opportunity Our property is vast, highly prospective, and located in Zambia, in the heart of the Zambia-Congo copper belt, the second largest copper producing region in the world We are surrounded by world-class producing copper mines, including Africa’s largest copper mining complex right next
Slide 27: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 117.9 million Warrants 18.5 million Options Outstanding 9.2 million Share Price $0.29 Market Capitalization $34.2 million Management & Directors 10% 52 Week Range $0.11 - $0.35 27 1) As at April 20, 2023
Slide 28: 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 29: 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 #770 – 789 West Pender Street TSX.V: MMA 604 809 6890 Vancouver, BC V6C 1H2 OTCQB: MDGNF adrian@midnightsunmining
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