Midnight Sun Mining (MMA ) 2nd Annual Kinvestor Conference 2024 summary

Project overview and strategic positioning

• Operating in Zambia's Domes Region, a globally significant copper exploration district surrounded by major industry players.

• Holds a 506 sq km property with four major copper targets, leveraging partnerships for both exploration and near-term production.

• Fully funded with C$10 million raised, enabling progress to cash flow within 12 months.

• Positioned for M&A activity, with a focus on asset development and strategic exits.

• Market cap recently increased to approximately C$70–75 million.

Partnerships and development plans

• KoBold Metals partnership: $15.5 million earn-in for 75% of the Dumbwa target, using advanced AI-driven exploration.

• First Quantum agreement: cooperative plan to supply oxide copper to Kansanshi Mine, aiming for production within a year.

• KoBold must complete the full earn-in to secure ownership, with a follow-on agreement for potential asset sale.

• First Quantum provides geological and engineering support, expediting exploration and reducing costs.

• Both partners are critical for advancing exploration and production, with clear roles in operations.

Geological and operational highlights

• Domes Region deposits are large, high-grade, and shallow, ideal for open-pit mining and rapid development.

• Dumbwa anomaly is the largest and highest-grade soil anomaly in Zambia, with ore-grade copper at surface.

• Drilling has confirmed economic intercepts, with significant upside indicated by neighboring major discoveries.

• Kaziba and Mitu targets offer near-term oxide copper production, critical for Kansanshi's operations.

• Exploration is operator-led but closely integrated with partner teams for efficiency and technical rigor.