Midnight Sun Mining

Midnight Sun is rapidly advancing the Solwezi Copper Project, with a focus on our flagship Dumbwa Target. The Project is located near the town of Solwezi in the heart of the Zambia–Congo Copperbelt, one of the world’s largest copper-producing regions. This prolific mining district is renowned for hosting multiple major copper deposits, most ecxeeding 1 billion tonnes, and benefits from excellent infrastructure, an established mining workforce, and a long history of successful production.

The Solwezi Copper Project is surrounded by producing copper mines, including the geologically similar Lumwana Mine just west of our project and First Quantum’s Kansanshi Mine, Africa’s largest copper mining complex, approximately 6 kilometres east of the company’s recently announced Kazhiba Oxide Resource. This highly favourable location highlights the district-scale potential of Midnight Sun’s land package.

The Dumbwa Target sits beneath a robust 20-kilometre copper-in-soil anomaly peaking at 0.73% copper at surface, and ongoing drilling has already delineated well over 4 kilometres of drilled strike extent. The company is targeting +1 billion tonnes at copper grades similar to the mines that surround Dumbwa. The Dumbwa Target bares strong geological similarities to the nearby Lumwana deposit, underscoring its potential to be the Domes Region’s newest major copper deposit. The company is currently employing 5 drill rigs, and averaging 10,000 metres drilled per month, expecting to reach 12 kilometres of initial drilled strike extent by Q3 2026.

Led by an experienced geological team with a proven track record of major discoveries in the Zambia–Congo Copperbelt and globally, Midnight Sun’s goal is to deliver Zambia’s next generational copper deposit, when the world needs it most.

Management Profile:

Adrian O’Brien - Director, Marketing and Communications

Mr. O’Brien is a Senior Executive and Senior Marketing Executive, with over 25 years of experience in the mining and exploration sector. He has served in roles from Investor Relations to CEO and has been involved projects spanning the continuum from grass roots discovery to development, mine build and operations. From 2018 to 2023, he served as Director of Marketing and Communications for PureGold Mining. He is a former Director & President of Kermode Resources, former Vice President of Apella Resources, former Director and President/CEO of Pro Minerals, and a former Director of the Prospectors and Developers Association of Canada.
 

What recent news would you like to highlight to investors attending?

Mar 9, 2026 - Midnight Sun Files Technical Report for Kazhiba Main Copper Oxide Project

Jan 29, 2026 - Midnight Sun Drills 0.89% Copper Over 25 Metres and 1.36% Copper Over 6 Metres within 0.46% Copper Over 50 Metres; Continuing to Significantly Extend Dumbwa System

Jan 20, 2026 - Midnight Sun Announces Resource Estimate for Kazhiba Main Copper Oxide Deposit

Nov 18, 2025 - Midnight Sun Intercepts 1.0% Copper over 22 Metres and 0.98% Copper over 15 Metres at Dumbwa

Nov 4, 2025 - Midnight Sun Intercepts 7.39% Cu over 14.86m Including 16.9% Cu over 4m at Kazhiba Main
 

What are your key goals for the next 3, 6 and 12 months?

3 Months

Drilling with First Quantum - Goal is to define oxide copper resources via drill programs on two of our licenses, with near-surface oxide copper destined for First Quantum's Kansanshi Mine (Africa's largest copper producer).

6 Months

KoBold Metals kick off drilling at Dumbwa, a tier-one target for a stratabound copper deposit. With results from both drill programs flowing, we aim to begin planning both following phases for oxide copper and KoBold's continued exploration work as part of their $15.5M earn-in agreement.

12 Months

Oxide Copper Targets - If we are successful in our efforts, by 12 months, we aim to be moving oxide copper material to Kansanshi for processing, and defining additional sources of oxide copper material. 

At Dumbwa, we should be starting to get an idea of the size and scale of mineralization, and continuing to explore. 
 

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We have recently raised $10MM and are funded for all work ahead on both our oxide copper targets as well as work on our tier-one Dumbwa Target through a $15.5MM earn-in with Bill Gates backed KoBold Metals. We have gone to great lengths to de-risk this remarkable opportunity. Risks that currently remain are copper pricing, and geological results which remain beyond our control. Zambia is a safe and stable jurisdiction, with a track-record as a mining powerhouse achieving #2 global status for copper production.  
 

Midnight Sun has a vast 506km land package in the heart of the Domes Region of Zambia - the second largest copper producing region in the world, and the top place in the world for copper exploration. We are surrounded by world-class producing copper mines and operators, including Africa's largest copper producer right next door - First Quantum's Kansanshi Mine. Others surrounding us include Ivanhoe's Kamoa Kukula, Barrick's Lumwana Mine, First Quantum's Sentinel Mine and China Molybdenum's Tengke. We have discoveries across our property. We have deals in place with Bill Gates-backed KoBold Metals to explore our Tier-One exploration target; Dumbwa, and a Cooperative Exploration Plan in place with First Quantum to define potential feed sources of oxide copper for their Kansanshi Mine, which could result in significant near term positive cashflow for Midnight Sun. We are all fully funded for the work programs ahead, having just completed a $10MM raise.
 

What are the top 3 key investor takeaways? 

1. We are exploring projects in the top place in the world for globally impactful copper discoveries - The Domes Region of Zambia, and we are funded for all work ahead.
2. We have strategic deals in place with both Bill Gates backed-KoBold Metals, and First Quantum. Drilling will be underway in 2024 and beyond.
3. We have the potential for the discovery of a transformative stratabound copper deposit, as well as the potential for significant near-term cashflow, as well as 3 remaining large targets for a transformative discovery.