Midnight Sun Mining

Overview

Africa is one the most important sources of copper in the world and is home to two of the world’s top 10 copper-producing countries–– Zambia and the Democratic Republic of Congo. Together, the Zambian-Congo Copper Belt is the largest and most prolific sediment-hosted copper region in the world. The copper belt hosts some of the world’s richest mines, with operators that include Barrick Gold (TSX:ABX), Glencore PLC (LON:GLEN), Ivanhoe Mines (TSX:IVN) and First Quantum Minerals (TSX:FM). As a result, exploration companies with early- to mid-stage copper projects in the copper belt present an exciting opportunity for investors.

Midnight Sun Mining’s (TSXV:MMA,OTCQB:MDNGF) Solwezi licenses in the North-Western province of Zambia span a significant 506 square kilometres in the Zambian-Congo Copper Belt, adjacent to First Quantum’s wold-class Kansanshi Mining Complex.

The company is led by a highly experienced management team with a history of discoveries and decades of experience in the exploration and development of high-value mineral deposit.

Midnight Sun Mining’s projects are in proximity to multiple producing mines. The Solwezi Licences are adjacent to First Quantum Minerals’ Kansanshi mining complex, one of the world’s largest copper mines and an important gold producer with resources exceeding 1 billion tonnes with copper grades of 0.7 % to 0.8 % and 4 million ounces of gold. Meanwhile, 120 kilometers away is the Sentinel Mine operated by First Quantum Minerals and 60 kilometres away is the Lumwana Mine operated by Barrick Gold. Ivanhoe’s Kamoa-Kakula Mine is less than 200km away, on the DRC side of the border.

Midnight Sun Mining strongly believes that its Solwezi Licences have the potential to host major discoveries with excellent economics given the proximity to major mines and existing infrastructure, and a drill campaign is currently underway.

Company Highlights

• Midnight Sun Mining is one of very few junior exploration companies in the prolific Zambian-Congo Copper Belt.
• The region hosts multiple producing mines operated by major mining companies including Barrick Gold’s Lumwana mine, First Quantum’s Sentinel mine and Kansanshi mines, China Molybdenum’s Tenke Fungurume mine, and Ivanhoe’s Kamoa-Kakula mine.
• The company’s Solwezi licenses are adjacent to First Quantum Minerals’ Kansanshi mine, which is one of the world’s largest copper mines.
• The Solwezi Licences span a significant 506 square kilometres and consist of several highly prospective targets including the Mitu Trend, Dumbwa, Kazhiba Dome, and the Crunch Zone.
• The Mitu Trend and the Kazhiba Dome targets are high-grade discoveries with drill intercepts with grades such as 4.23% of copper equivalent and 5.71 percent of copper near the surface, respectively.
• Midnight Sun Mining is led by a highly experienced management team with a history of discoveries and decades of experience in the exploration and development of high-value mineral deposits.
• Currently drilling.