Midnight Sun Mining (MMA ) 2025 Precious Metals Summit - Beaver Creek summary

Conference highlights

• Focus on commodities critical to the energy transition, with a particular emphasis on copper and Africa, especially Zambia.

• Strong industry optimism and positive sentiment noted throughout the event.

Zambia copper exploration landscape

• Zambia is a leading copper jurisdiction, with 75% of export earnings from copper and a century-long mining history.

• Major global mining companies are active in the region, especially in the Copperbelt and domes region.

• Recent expansion at Lumwana, now at 1.62 billion tons, highlights the region's growth potential.

• Government aims to elevate Zambia to the world’s second-largest copper producer by attracting new investments.

Project methodology and progress

• Systematic exploration approach using dipole-dipole IP surveys to model mineralization at depth and guide drilling.

• Flagship Dumbwa target features a 20 km soil anomaly with ore-grade copper at surface and stacked mineralized horizons.

• Drilling is progressing line by line, aiming for a defensible model over 11.5 km, with 6,500 m and 25 holes planned by year-end.

• Four drill rigs are being deployed to accelerate the program, with initial holes already completed and assays pending.