Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (January 2025)
30 slides from Midnight Sun Mining's investor presentation, Jan 29, 2025
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 January 29th 2025
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 Geological environment is conducive to large, high-grade and scalable copper deposits, in fact Zambia possesses one of the world’s highest-grade deposits of copper Home to world-class
Slide 6: The Heart of The Zambia-Congo Copper Belt
The Heart of The Zambia-Congo Copper Belt Surrounded by World-Class Producers 6
Slide 7: Zambia - The Domes Region: Billions of Tonnes not Millions
Zambia - The Domes Region Billions of Tonnes –not- Millions of Tonnes >1Bt @ ~0.66% Cu 1.03Bt @ 0.51% Cu 960 Mt @ 0.55% Cu 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 >1Bt @ ~0.66% Cu Multiple, separate geological systems within the boundaries of our property Multiple Targets for both Oxide and Sulphide Hosted Copper - Each repres
Slide 10: Dumbwa
DUMBWA A TIER-ONE EXPLORATION TARGET KOBOLD METALS $15.5MM EARN-IN 10
Slide 11: Dumbwa Target
i Midnight Sun DUMBWA TARGET 5 km | Kundelunga | Nguba {_] Mwasha | Upper Roan sediments Hi Lower Roan sediments | Basement DC-15-03: 13m @ 0.63% Cu including 3m @ 1.3% Cu DCAC-39: >12m @ 0.65% Cu including 6m @ 1.06% Cu SDDDO6: 13.5m @ 0.77% Cu SDRCO6: >10m @ 0.75% Cu SDRCO5: 15m @ 0.71% Cu SDRC13:
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 >1Bt @ ~0.66% Cu 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 Targ
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: The Geological Approach: KoBold and Midnight Sun
The Geological Approach KoBold and Midnight Sun - A Dream Team Dr. David Broughton – Chief Copper Geologist Dr. Kevin Bonel – COO, Zambia • Instrumental in several major discoveries including • +25 years' experience in Sub-Saharan Africa, most Kamoa, Kansanshi and Platreef recently with Barrick Gold
Slide 15: Oxide Copper
OXIDE COPPER A COOPERATIVE EXPLORATION PLAN WITH FIRST QUANTUM 15
Slide 16: First Quantum Cooperative Exploration Plan
First Quantum Cooperative Exploration Plan Our Oxide-Copper Opportunity OXIDE COPPER - A NEAR-SURFACE, NEAR-TERM MINING OPPORTUNITY >1Bt @ ~0.66% Cu Cooperative Exploration plan in place with First Quantum to jointly define potential feed sources on our property, for First Quantum’s SX/EW oxide copp
Slide 17: Initial Target - Kazhiba
First Quantum Cooperative Exploration Plan Initial Target - Kazhiba Kazhiba 21m @ 10.69% Cu 26m @ 5.6% Cu 15m @ 3.01% Cu 2024 exploration program completed at Kazhiba Target, which included RC >1Bt @ ~0.66% Cu Drilling, Partial Ionic Leach SamplingTM and IP Survey We now have “proof of concept” and
Slide 18: Initial Target - Mitu
First Quantum Cooperative Exploration Plan Initial Target - Mitu Mitu >1Bt @ ~0.66% Cu 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 copp
Slide 19: Near-Surface Drill Results Tell The Story
First Quantum Cooperative Exploration Plan Near-Surface Drill Results Tell The Story • 21m @ 10.69% Cu • 26m @ 5.6% Cu >1Bt @ ~0.66% Cu • 15m @ 3.01% Cu • 7m @4.66% Cu • 21.1m of 8.52% Cu • 4.5m of 6.31% Cu • 24m of 3.15% Cu • 8m of 5.14% Cu • 14.2m of 5.71% Cu, incl. 7.2m of 9.58% Cu • 2.5m of 1.62
Slide 20: The Blue Sky: Our Additional Targets
THE BLUE SKY OUR 3 ADDITIONAL TARGETS FOR TRANSFORMATIVE SULFIDE COPPER DISCOVERY 20
Slide 21: Multiple Targets: Kazhiba Dome
Multiple Targets Kazhiba Dome KAZHIBA DOME HIGHLIGHTS 85% Owned by Midnight Sun, with option to earn 100% >1Bt @ ~0.66% Cu <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 Mu
Slide 22: 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 22 1) Source: https://www.midnightsunmining.com/zambian-properties/ 2) All reported widths are intercept widths
Slide 23: Multiple Targets: Mitu
Multiple Targets Mitu MITU HIGHLIGHTS 100% Owned by Midnight Sun >1Bt @ ~0.66% Cu 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) an
Slide 24: 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 25: Multiple Targets: Crunch
Multiple Targets Crunch CRUNCH ZONE HIGHLIGHTS 100% owned by Midnight Sun >1Bt @ ~0.66% Cu 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 sur
Slide 26: Largest Untested EM Target
Multiple Targets Largest Untested EM Target 13.5 km >1Bt @ ~0.66% Cu Kansanshi Mine 7.8 km Untested & continuous target, extending for over 5 km in length and 2 km strike 26 1) 0 5 Source: https://www.midnightsunmining.com/zambian-properties/
Slide 27: 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 a transformative
Slide 28: Midnight Sun – Capital Structure
Midnight Sun – Capital Structure CAPITAL STRUCTURE Basic Shares Outstanding 172.0 million Warrants 52.0 million Options Outstanding 12.7 million Share Price $0.69 Market Capitalization $119.0 million Management & Directors 10% Corporate & Institutional 16% 52 Week Range $0.205 - $0.72 ANALYST COVERA
Slide 29: Directors & Management
Directors & Management Al Fabbro Kevin Bonel Adrian O’Brien PRESIDENT, CEO & DIRECTOR COO, ZAMBIA VP BUSINESS DEVELOPMENT & COMMUNICATIONS • Finance and mining executive and entrepreneur • Ph.D, P.Geo. Independent geologist and exploration manager • Senior Exploration Executive and Senior Marketing
Slide 30: 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 VP Business Development & Communications #1205 – 789 West Pender Street TSX.V: MMA 604 809 6890 Vancouver, BC V6C 1H2 OTC: MDNGF adrian@midnightsunmi
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