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

Project overview and strategic positioning

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

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

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

• Partnerships with KoBold Metals and First Quantum provide access to advanced technology and production infrastructure.

• Positioned for M&A activity, with potential re-rates tied to exploration success and production milestones.

Partnerships and development plans

• KoBold Metals can earn 75% of the Dumbwa target by investing $15.5 million over 4.5 years, with a follow-on M&A structure.

• First Quantum partnership focuses on fast-tracking oxide copper from Kaziba and Mitu into production at Kansanshi Mine.

• Cooperative exploration with First Quantum includes shared geological and engineering teams, reducing costs and timelines.

• Drilling at Kaziba underway, targeting 4–15 million tons at 1.3% copper, with Mitu offering further upside.

• First Quantum will operate production, while exploration is managed by the company with close collaboration.

Geological and jurisdictional advantages

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

• Zambia offers a stable, mining-friendly jurisdiction with no nationalization and competitive tax rates.

• The region hosts some of the world's largest copper mines, including Sentinel, Lumwana, Kansanshi, and Kamoa-Kakula.

• The Dumbwa anomaly is the largest and highest-grade soil anomaly on record in Zambia, with strong drill intercepts.

• Key personnel include top geologists with proven track records in major copper discoveries.