Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (May 2024)
31 slides from Midnight Sun Mining's investor presentation, May 23, 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 May 23rd, 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 Our vast 506 km2 property features multiple targets; each a unique opportunity for a transformative discovery We ar
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 Zambia-Congo Copper Belt Surrounded by World-Class Producers
The Heart of The Zambia-Congo Copper Belt Surrounded by World-Class Producers 6
Slide 7: Zambia - The Domes Region
Zambia - The Domes Region Billions of Tonnes –not- Millions of Tonnes 7
Slide 8: 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 29 m of 0.7% Cu incl 16.5
Slide 9: Multiple Unique Opportunities For A Transformative Discovery
Multiple Unique Opportunities For A Transformative Discovery 5062 km’s of optimal geology, with discoveries across our entire property Multiple, separate geological systems within the boundaries of our property Multiple Targets - Each represents a significant and distinct opportunity for discovery o
Slide 10: Dumbwa
DUMBWA A TIER-ONE EXPLORATION TARGET KOBOLD METALS $15.5MM EARN-IN 10
Slide 11: Dumbwa Target Drill Highlights
i J “ify fll Soil Anomaly Midnight Sun Miliifss DUMBWA TARGET Drill Highlights DC-15-03: 13m @ 0.63% Cu including 3m @ 1.3% Cu DCAC-39: >12m @ 0.65% Cu including 6m @ 1.06% Cu ———a SDDDO6: 13.5m @ 0.77% Cu SDRCO6: >10m @ 0.75% Cu SDRCO5: 15m @ 0.71% Cu [| Kundelunga SDRC13: 16m @ 1.24% Cu | Nguba SD
Slide 12: Dumbwa – Tier 1 Exploration Target KoBold Metals Earn-In
Dumbwa – Tier 1 Exploration Target KoBold Metals Earn-In DUMBWA HIGHLIGHTS $15.5 MM1 Earn-In with KoBold Metals to explore Dumbwa KoBold can earn a 75% interest in Dumbwa, by spending $15 million in exploration and making $500,000 in cash payments over the next 4.5 years Dumbwa Target features conti
Slide 13: KoBold Metals Earn-In
KoBold Metals 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 • Earning-In to 75% of our Dumbwa Target. Midnight Sun retains 25% of Dumbwa • KoBold must complete $15.5 Million
Slide 14: About KoBold
KoBold Metals Earn-In About 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), Sili
Slide 15: 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 16: Oxide Copper
OXIDE COPPER A COOPERATIVE EXPLORATION PLAN WITH FIRST QUANTUM 16
Slide 17: First Quantum Cooperative Exploration Plan
First Quantum Cooperative Exploration Plan Our Oxide-Copper Opportunity OXIDE COPPER - A NEAR-SURFACE, NEAR-TERM MINING OPPORTUNITY Cooperative Exploration plan in place with First Quantum to jointly define potential feed sources on our property, for First Quantum’s SX/EW oxide copper circuit at the
Slide 18: Initial Targets - Kazhiba
First Quantum Cooperative Exploration Plan Initial Targets - Kazhiba Kazhiba Drilling to date, intercepted numerous high-grade intervals of oxide mineralization and identified a high-grade oxide copper blanket This included 14.2 m of 5.71% Cu with additional intercepts including 24 m of 3.15% Cu and
Slide 19: Initial Targets - Mitu
First Quantum Cooperative Exploration Plan Initial Targets - Mitu Mitu 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 copper Drill interce
Slide 20: Near-Surface Drill Results Tell The Story
First Quantum Cooperative Exploration Plan Near-Surface Drill Results Tell The Story • 21.1m of 8.52% Cu • 4.5m of 6.31% Cu • 24m of 3.15% Cu • 8m of 5.14% Cu • 1.9m of 3.46% Cu, and 3.8m of 3.42% Cu incl. 2m of 2.41% Cu and 2m of 4.54% Cu • 14.2m of 5.71% Cu, incl. 7.2m of 9.58% Cu • 2.5m of 1.62%
Slide 21: Additional Targets for Transformative Sed-Ex Copper Discovery
3 ADDITIONAL TARGETS FOR TRANSFORMATIVE SED-EX COPPER DISCOVERY 21
Slide 22: Multiple Targets Kazhiba Dome
Multiple Targets Kazhiba Dome KAZHIBA DOME HIGHLIGHTS 85% Owned by Midnight Sun, with option to earn 100% <10km from the Kansanshi Mine Complex Discovery holes, all near-surface include: SLZ-DD-010 - 14.2 m of 5.71% Cu SLZ-RC-002 - 24 m of 3.15% Cu SLZ-DD-005 - 8.0 m of 5.14% Cu1 Multiple drill inte
Slide 23: Kazhiba Dome
Kazhiba Dome DRILL HIGHLIGHTS AT KAZHIBA DOME INCLUDE: • SLZ-RC-002 - 24.0 m of 3.15% Cu • SLZ-DD-010 – 14.2 m of 5.71% Cu • SLZ-DD-005 - 8.0 m of 5.14% Cu • SLZ-DD-001 - 4.5 m of 6.31% Cu 23 1) Source: https://www.midnightsunmining.com/zambian-properties/ 2) All reported widths are intercept widths
Slide 24: Multiple Targets Mitu
Multiple Targets Mitu MITU HIGHLIGHTS 100% Owned by Midnight Sun Discovery holes intercepted Copper/Cobalt mineralisation, all near-surface, including: MDD-17-15 - 11.6 m of 3.44% Cu MTDD-044 - 11.5 m of 1.41% Cu1 New Analog established - Copper mineralisation style (Cu-Co-Ni-Au) and grade similar t
Slide 25: 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 0.85% Cu, 0.07% Co, 0.05% Ni • MDD-16-06 – 35.6 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 26: Multiple Targets Crunch
Multiple Targets Crunch CRUNCH ZONE HIGHLIGHTS 100% owned by Midnight Sun 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 neig
Slide 27: 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 27 1) 0 5 Source: https://www.midnightsunmining.com/zambian-properties/
Slide 28: 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 • Our vast 506 km2 property features multiple targets; each a unique opportunity for transformative di
Slide 29: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 165.0 million Warrants 58.1 million Options Outstanding 13.3 million Share Price $0.37 Market Capitalization $61.1 million Management & Directors 10% 52 Week Range $0.19 - $0.37 29 1) As at May 23rd, 2024
Slide 30: 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 31: 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
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