Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (October 2023)
31 slides from Midnight Sun Mining's investor presentation, Oct 23, 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 October 23rd, 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 large, 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 Led by a Pro Mining Government, Zambia has been a mining powerhouse for +100 years and is one of the largest copper producers in Africa Mining is crucial to the Zambian economy, responsible for 75% of Zambia’s export earnings With an elected, pro-mining governm
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 >1 billion tonnes at ~0.66% Cu and 4 million oz of Au KANSANSHI (First Quantum) ~10 km from Midnight Sun Africa’s largest copper mining complex1 960 million tonnes at 0.55% Cu2 LUMWANA (Barrick) ~20 km from Midnight Sun 1.03 billion tonnes at 0.51% Cu3 SENTINEL (F
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 0.728% 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 and Operators
Surrounded By World-Class Producers and Operators 9
Slide 10: Size and Scale – The Great Differentiator
Size and Scale – The Great Differentiator Our Zambian Targets Deposits in the Zambian-Congo Copper Belt contain…. Billions of tonnes of copper ore not Millions of tonnes of copper ore We are targeting the discovery of multi-generational copper deposits. 10
Slide 11: 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 0.728% Cu • Major structural boundaries compressed between domal
Slide 12: Multiple Unique Opportunities For A Transformative Discovery
Multiple Unique Opportunities For A Transformative Discovery 5062 kilometres of key geology, and room for multiple, separate geological systems within the boundaries of our property Dumbwa, Kazhiba, Crunch and Mitu, each represent a significant and unique opportunity for a transformative, multi-gene
Slide 13: 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) 13
Slide 14: Multiple Targets: Dumbwa
Multiple Targets 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 0.728% Cu The Dumbwa soil anomaly is the strongest on record in Zambia Multiple stacked mineralized horizons analogous
Slide 15: 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 16: 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 Discovery hole: 11.3 m of 5.71% Cu, near surface. Additional intercepts include 21 m of 3.26% Cu, and 6.4 m of 5.08% Cu1 Multiple drill i
Slide 17: 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 18: 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 18 1) Source: https://www.midnightsunmining.com/zambian-properties/
Slide 19: Multiple Targets: Mitu
Multiple Targets Mitu MITU HIGHLIGHTS Analog - Copper mineralisation style and grade similar to Sentinel Mine just 100 km to the west2 Copper mineralisation intercepted at Mitu is associated with cobalt, nickel, and anomalous gold 2022 field season, consisted of 7 holes at the Mitu Trend target area
Slide 20: 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 21: Mitu Cross Section
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 22: 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 23: 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 24: 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 24
Slide 25: 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 25 1) https://www.midnightsunminin
Slide 26: 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 26
Slide 27: 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 28: The Opportunity
The Opportunity • Our property is large, 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
Slide 29: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 118.2 million Warrants 10.6 million Options Outstanding 8.95 million Share Price $0.23 Market Capitalization $27.2 million Management & Directors 10% 52 Week Range $0.11 - $0.35 29 1) As at July 11, 2023
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 • +40 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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