Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (January 2023)
26 slides from Midnight Sun Mining's investor presentation, Jan 25, 2023
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 Project Location 8 Target Summary 10 Kazhiba Dome 12 Mitu Trend 17 Dumbwa 19 Crunch Zone 20 Western Flank 22 Investment Summary 23 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 January 25, 2023 Trading Symbol (TSXV) MMA Common Shares Outstanding 117,689,014 Options 7,825,000 Warrants 18,696,519 Share Price $0.245 52 Week Range $0.11-$0.35 30 Day Avg. Daily Volume 54,230 Market Capitalization $28,833,808 Key Management
Slide 5: Capital Structure as at January 25, 2023
C o m p a n y O v e r v i e w Capital Structure – as at January 25, 2023 Shares Outstanding 117,689,014 Stock Options 1,950,000 $0.36 Expire Jan. 31, 2023 Stock Options 2,025,000 $0.135 Expire May 6, 2025 Stock Options 200,000 $0.31 Expire April 28, 2026 Stock Options 3,650,000 $0.165 Expire August
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 84.3% interest in the Solwezi Licences in Zambia. The Solwezi Licences consists of contiguous exploration licences which cover over 506 km2 adjacent to First Quantum Minerals’
Slide 7: 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 MMA.V
Slide 8: Target Summary
Ta r g e t S u m m a r y Kansanshi Mine Kazhiba Dome Kazhiba Dome/ 22 Zone Dumbwa 21509-HQ-LEL Crunch Zone Mitu Trend 28816-HQ-LEL Crunch Zone Western Flank Western Flank 12124-HQ-LEL Dumbwa Mitu Trend 0 5 km MMA.V
Slide 9: Target Summary: First Quantum's Kansanshi Mine and Target Highlights
Ta r g e t S u m m a r y First Quantum First Quantum's Flagship Mining Complex One of Africa's largest copper mines. Resources >1 billion tonnes Kansanshi Mine grading ~0.6% Cu and an additional 4 million ounces of Au Midnight Sun Target Area Highlights Multiple intercepts of high grade copper oxide
Slide 10: Kazhiba Dome
K a z h i b a D o m e Kansanshi Mine Kazhiba Dome Solwezi 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 separated by a 0 5 mafic breccia, similar to that at Kansanshi. km M
Slide 11: 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 (11.3 true) metres. MMA.V
Slide 12: 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 dominant type of Cu-Co-Ni-Au deposition in the Zambia-Congo Solwezi Copperbelt, one of the largest Cu production areas in the world. • Recent discovery o
Slide 13: Mitu Trend: Mitu Discovery Area
M i t u Tr e n d • To date, drilling has primarily Mitu Discovery Area been done on the Mitu Discovery Area. MDD-17-15 (11.6m @ 4.23% Cu Eq) • This drilling delineated a 1km x 500m area of mineralization. • New geophysical and geochemical data highlighted NE/SW structural controls cross cutting the
Slide 14: Cross Section of Mitu Discovery Area
M i t u Tr e n d 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
Slide 15: Plan View of Original Discovery at Mitu Target
M i t u Tr e n d 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 Clai
Slide 16: Mitu Trend Drill Intercepts
sages MIDNIGHT SUN 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
Slide 17: 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 18: Dumbwa
D u m b w a A +20 km long north- Additional sampling on 6 diamond drill holes all returned Cu and Co intercepts south trending soil 100 m intervals detected in either near surface oxide or deeper sulfide zones. anomaly was located very strong Cu values during an 800 m line over a strike length of DC
Slide 19: Crunch Zone
C r u n c h Z o n e 13.5km Kansanshi Mine 7.8km Crunch Zone • Wedged fan of tight structural folds. • Located between domal structures and linked to Kansanshi via a succession of sedimentary host rock. • Near surface Cu mineralization confirmed by geochemical drilling. 0 5 km MMA.V
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. Solwezi • Occurs in the same geology as that surrounding the neighbouring Kansanshi Mine. Western • Approximately 5km strike by 2km dip. Flank 0 5 km MMA.V
Slide 21: Western Flank
W e s t e r n F l a n k Kansanshi Mine Solwezi • 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. 0 5 km MMA.V
Slide 22: 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). • Welcoming jurisdiction – a pro mining, pro business governmen
Slide 23: 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 24: 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 25: 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 26: 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 [email protected] TSX.V – MMA OTCQB - MDNGF MMA.V
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