Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (April 2023)
29 slides from Midnight Sun Mining's investor presentation, Apr 20, 2023
Slide 1: Transformative Copper Discoveries in the Heart of Zambia
TRANSFORMATIVE COPPER DISCOVERIES IN THE HEART OF ZAMBIA April 20, 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 d
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 1) Source: CNBC https://www.cnbc.com/2023/02/07/there-isnt-enough-copper-in-the-world-shortage-could-last-until-2030.html MMA.V 4
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 electe
Slide 6: Located in the heart of the Zambian-Congo Copper Belt
Located in the heart of the Zambian-Congo Copper Belt MMA.V 6
Slide 7: Surrounded by World-Class Producers
Surrounded by World-Class Producers KANSANSHI (First Quantum): ~10km’s from Midnight Sun Resources >1 billion tonnes, grading ~0.66% Cu and an additional 4 million ounces of Au Africa’s largest copper producer1 LUMWANA (Barrick): ~20 km’s from Midnight Sun 960MM tonnes @0.55% Cu 3 SENTINEL (First Qu
Slide 8: The Importance of Grade
The Importance of Grade KANSANSHI SENTINEL LUMWANA 0.66% Cu 0.51% Cu 0.51% Cu MIDNIGHT SUN Dumbwa Soil Anomaly 20km up to 0.728% Cu Drill highlights include: 11.3m of 5.71% Cu (Kazhiba Dome) 21m of 3.26% Cu (Kazhiba Dome) 6.4m of 5.08% Cu (Kazhiba Dome) 16.5m of 0.93% incl 5m of 1.36% Cu (Dumbwa) 11
Slide 9: Surrounded by World-Class Producers
Surrounded by World-Class Producers MMA.V 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 • Newly identified structural target 20km along strike and about 1km wide with peak values • Major structural boundaries compressed between up to 0.78%Cu, domal str
Slide 11: Multiple Targets - Multiple Opportunities
M u l t i p l e Ta r g e t s - Multiple Opportunities MULTIPLE OPPORTUNITIES FOR TRANSFORMATIVE DISCOVERY • Dumbwa • Kazhiba Dome (22 Zone) • Mitu Trend • Crunch Zone • Oxide Potential (Entire property package) MMA.V 11
Slide 12: Multiple Targets - Dumbwa
M u l t i p l e Ta r g e t s – D u m bw a DUMBWA HIGHLIGHTS • Continuous high-grade copper-in-soil anomaly for over 20km along strike and ~1km wide with peak values up to 0.78%Cu • The Dumbwa soil anomaly is the strongest on record in Zambia • Multiple stacked mineralization horizons analogous to Ba
Slide 13: Dumbwa
Dumbwa A +20 km long north-south trending soil anomaly 6 diamond drill holes returned Cu and Co intercepts, in peaking at 7,280 ppm (0.728% Cu) near surface oxide or deeper sulfide zones Highlights include: Drillhole DC-15-03: 13m @0.63% Cu incl. 3m @1.3% Cu Drillhole DC-16-01: 12m @0.72% Cu Drillho
Slide 14: Multiple Targets - Kazhiba Dome (22 Zone)
M u l t i p l e Ta r g e t s – K a z h i b a Dome (22 Zone) KAZHIBA DOME HIGHLIGHTS Kansanshi Mine • Located ~20km 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 Solwezi similar to those at Kansansh
Slide 15: Kazhiba Dome
Kazhiba Dome Drill highlights at Kazhiba Dome include: • SLZ-13-RC-002 - 21.0m of 3.26% Cu • SLZ-14-DD-010 - 11.3m of 5.71% Cu • SLZ-14-DD-005 - 6.4m of 5.08% Cu • SLZ-14-DD-001 - 4.5m of 6.27% Cu Underlain by a previously undiscovered basement dome similar to those at Kansanshi and Solwezi. Believe
Slide 16: Kazhiba Dome
Kazhiba Dome Kansanshi Mine 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 1) Source: https://www.midnightsunmining.com/zambian-properties/ MMA.V 16
Slide 17: Multiple Targets - Mitu
M u l t i p l e Ta r g e t s - M i t u 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 discove
Slide 18: Mitu
Mitu • New geophysical and geochemical data Mitu Discovery Area highlighted NE/SW structural controls cross cutting the Mitu Trend MDD-17-15 (11.6m @ 4.23% Cu Eq) • Recent drilling has confirmed these structures contain Kansanshi-style mineralized veins • To date, drilling has primarily been done on
Slide 19: Mitu cross section of discovery area
Mitu CROSS SECTION OF MITU DISCOVERY A AREA A’ SE 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 TARGET MDD-16-11 32.9m @ 0.81% Cu MTDD044 MAC-17-19 11.5m @ 1.51% Cu 16.5m @ 0.93% Cu including 6.6m @2.26% Cu including 5m @1.36% Cu A’ MDD-17-04 28.2m @ 0.4% Cu MDD-16-09 A including 5m @0.95% Cu 10m @ 1.135% Cu MDD-16-01 14m @ 0.78% Cu Claim Cu(ppm) MD
Slide 21: Mitu Drill Highlights
Mitu Drill Highlights Drill highlights at Mitu include: • MDD-16-01 - 8.0m of 1.22% Cu, 0.09% Co, and 0.05% Ni and 14.0m of 1.02% Cu, 0.03% Co, 0.06% Ni • MDD-16-06 - 30.3m of 0.49% Cu, 0.03% Co, and 0.05% Ni and 9.0m of 0.49% Cu, 0.02% Co, 0.03% Ni • MDD-16-09 - 9.4m of 1.03% Cu, 0.14% Co, and 0.04
Slide 22: Multiple Targets - Crunch Zone
M u l t i p l e Ta r g e t s - C r u n c h Z o n e 13.5km CRUNCH ZONE HIGHLIGHTS Kansanshi Mine • Newly identified structural target 7.8km • Wedged fan of tight structural folds Crunch Zone • Located between domal structures and linked to Kansanshi via a succession of sedimentary host rock • Potenti
Slide 23: Multiple Targets - Crunch Zone
M u l t i p l e Ta r g e t s – C r u n c h Z o n e • A 2018 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 +5km in length a
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 MMA.V 24
Slide 25: The Oxide Copper Opportunity
The Oxide Copper Opportunity OXIDE COPPER - A NEAR-SURFACE, NEAR TERM MINING OPPORTUNITY • Goal >50MM 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-class Zam
Slide 26: 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 d
Slide 27: Capital Structure
Capital Structure CAPITAL STRUCTURE 1 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 1) As at April 20, 2023. MMA.V 27
Slide 28: Management & Directors
Management & Directors 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: Thank you.
Thank you. Corporate Inquiries Corporate Address TSX.V:MMA Adrian O’Brien #770 – 789 West Pender Street Director Marketing & Communications Vancouver, BC V6C 1H2 OTCQB:MDNGF 604 202 8165 Canada www.midnightsunmining.com [email protected] 29
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