Midnight Sun Mining Corp. · TSXV:MMA
Midnight Sun Mining — Investor Presentation (September 2022)
25 slides from Midnight Sun Mining's investor presentation, Sep 6, 2022
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 16 Dumbwa 18 Crunch Zone 19 Western Flank 21 Investment Summary 22 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 Sept 6, 2022 Trading Symbol (TSXV) MMA Common Shares Outstanding 113,004,014 Options 7,825,000 Warrants 13,718,719 Share Price $0.19 52 Week Range $0.11-$0.34 30 Day Avg. Daily Volume 35,520 Market Capitalization $21,470,763 Key Management Al Fa
Slide 5: Capital Structure as at Sept 6, 2022
C o m p a n y O v e r v i e w Capital Structure – as at Sept 6, 2022 Shares Outstanding 113,004,014 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, 2022 Stock Options 3,650,000 $0.165 Expire August 14,
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 80.65% 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 “…watch out because Zambia is catching up and will soon regain its top spot as Africa’s leading copper producer” – Chris Yaluma, former Minister of Mines an
Slide 8: Target Summary
Ta r g e t S u m m a r y Kazhiba Dome Kansanshi Mine Kazhiba Dome 22 Zone Crunch Zone 21509-HQ-LEL Dumbwa Dumbwa North Crunch Zone Dumbwa South 28816-HQ-LEL Western Flank Mitu Trend Mitu Likoka Sanda 12124-HQ-LEL Dumbwa Mawemba Mitu Trend Western Flank 0 5 km MMA.V
Slide 9: Target Summary: Kansanshi and Midnight Sun Targets
Ta r g e t S u m m a r y First Quantum First Quantum's Flagship Mining Complex Africa's largest copper mining complex. Resources >1 billion tonnes Kansanshi Mine grading 0.7%-0.8% Cu and an additional 4 million ounces of Au Midnight Sun Target Area Highlights Multiple intercepts of high grade copper
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 Solwezi dominant type of Cu-Co-Ni-Au deposition in the Zambia-Congo Copperbelt, one of the largest Cu production areas in the world. • VTEM interpretatio
Slide 13: Mitu Trend
M i t u Tr e n d • To date, drilling has primarily been done on the Mitu target - the MITU initial discovery zone on the Mitu Trend. LIKOKA • Identified conductor on the Mitu target is SANDA approximately 1km in strike and 500m in dip and there is a strong correlation between mineralized results and
Slide 14: Mitu Trend: Cross Section of Original Discovery
M i t u Tr e n d Cross Section of Original Discovery at Mitu Target Open Pit Potential MMA.V
Slide 15: Mitu Trend drill intercepts
MIDNIGHT 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 11.6 3.44 0.
Slide 16: 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 17: 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 sp
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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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