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Midnight Sun Mining

TSXV: MMA

Copper and Cobalt in the Prolific Zambia-Congo Copper Belt

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.
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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.

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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.

Management Team

Al Fabbro - President, CEO and 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 Natural Resources Group. After working for 10 years as an investment advisor with Canaccord Capital, specializing in the natural resource sector, Mr. Fabbro left to become Lead Director of Roxgold Inc. which was named the top company on the TSX Venture 50 and raised in excess of $60 million in equity financing during his tenure.

Robert Sibthorpe - Vice President, Exploration & Director

Mr. Sibthorpe, B. Sc (Geol), MBA has had extensive experience in the mineral exploration sector working in geology and business development with senior mining companies including Noranda, Falconbridge and Ivanhoe Mines. He also served as a research and corporate finance analyst in the securities industry for Midland Doherty Ltd., Yorkton Securities Inc. and Canaccord Capital Corp. He has been involved in the discovery and financing of numerous important mineral deposits, including Eskay Creek, Petaquilla, and Fire Creek. In 2010-2012, as President and CEO of Roxgold Inc., he financed and discovered the Yaramoko deposit in Burkina Faso. Mr. Sibthorpe received his Bachelor of Science in Geology and a Masters of Business Administration from the University of Toronto, and the Colin Spence Award from AMEBC for excellence in global mineral exploration.

Brett A. Richards - Director

Mr. Richards is a natural resources executive with over 30 years of expertise in mining and metals. He has a unique background in mining M&A, mine financing, mine development and senior level operations experience. He brings publicly listed CEO experience in the mining sector, as well global operational experience – with a geographic focus in the last 12 years in Africa. Brett has held positions for private equity shareholders in the past including: CEO of African Thunder Platinum, CEO of Renew Resources, and CEO of Octéa. Brett is currently CEO of Banro Corp. and has previously served as the transition CEO of Roxgold, CEO of Avocet Mining, and was part of the five person start-up of Katanga Mining. Brett’s other publicly listed experience was in senior executive positions with Kinross Gold and Co-Steel. He is currently CEO of Goldshore Resources Inc.

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 industrial minerals projects around the world. Mr. Mazur worked as an analyst for Canamax Resources Inc. from 1985 to 1991 during the development of three Canadian gold mines. Two of these mines - Bell Creek in Timmins, Ontario and the Island Mine in Wawa, Ontario are still in production. Mr. Mazur also served as a Director of Roxgold Inc. when it was named the top company on the TSX Venture 50 in 2012. Currently, he is a Director Big Ridge Gold Corp., Impact Silver Corp., and Forum Energy Metals Corp.

Wayne Moorhouse - Director

Mr. Moorhouse, CFA has held senior management positions with several mining and civil construction companies. He has a proven track record at an operating level and as a financial executive with experience covering all stages of a project’s life, from grass roots exploration through feasibility and engineering studies, strategic planning, project finance, construction, mine expansion, operations, and mergers and acquisitions. Mr. Moorhouse has acted for a number of TSX and TSX Venture listed resource companies including Genco Resources Ltd, Stealth Energy Inc., Roxgold Inc. and is currently a director of I-Minerals Inc and the President and CEO of EnviroMetal Technologies.

R. Stuart (Tookie) Angus - Advisor

Mr. Angus is an independent business advisor to the mining industry and is presently Chair of K92 Mining Inc. He is the former Head of the Global Mining Group for Fasken Martineau. For the past 40 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers and Acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates. Mr. Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals Ltd. until June 2005, a Director of Canico Resource Corp. until its takeover by Brazil’s CVRD in 2005, a Director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a Director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011, and a Director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned as Chair of Nevsun Resources Ltd. following its acquisition of Reservoir Minerals in 2017.

Matt MacKenzie - VP, Corporate Development and 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, oil and gas services, and transportation. Additionally, Mr. MacKenzie has conducted consulting projects for the BC Lions Canadian football team, Vancouver Whitecaps of Major League Soccer, and Vancouver Island Helicopters. Holding both a law degree and Masters of Business Administration, Mr. MacKenzie served as Manager of Business and Legal Affairs for Roxgold Inc. prior to joining Midnight Sun.

Alastair Brownlow - CFO

Mr. Brownlow is a Chartered Professional Accountant and a U.S. Certified Public Accountant (Washington) specializing in resource-focused accounting and finance. Mr. Brownlow has accumulated extensive experience working as CFO of TSX Venture Exchange listed resource companies, spanning exploration, development, and production stages. Mr. Brownlow has also worked as an auditor in the British Virgin Islands. Prior to this, Mr. Brownlow worked for a Canadian chartered professional accountant firm where he specialized in the mining industry, gaining significant accounting experience auditing resource companies with operations throughout the world. Mr. Brownlow holds a Bachelor of Business Administration degree with first class honours from Simon Fraser University.

*Disclaimer: This profile is sponsored by Midnight Sun Mining ( TSXV: MMA ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Midnight Sun Mining in order to help investors learn more about the company. Midnight Sun Mining is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Midnight Sun Mining and seek advice from a qualified investment advisor.

Midnight Sun Mining

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  • Insights
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  • Upcoming projects

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