The Klein Aub Project - Copper in Namibia - TSX.V: MMA
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Disclaimer The data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this website is to be construed as an offer to buy or sell securities. Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral resource statements and exploration program performance. They may also include statements with respect to the Company's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-lookinginformation. Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. By accessing the website and the information provided, the reader agrees to hold the Company and its subsidiaries, and their respective officers, employees and agents harmless against any claims for damages or cost or any loss of any kind arising out of the access to or use of this website or any information contained in or obtained through this website. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. 2 Warren Robb, P Geo. is the Qualified Person under NI 43-101 that has reviewed the contents of this document.
Company Overview • Company was recently reorganized and has a favourable share structure • Exploring a past producing copper mine; potential for more • Option to earn 60% interest for $5 million exploration over four years and 10 million common share payments to strategic partner over three years • Property also has potential for lead-zinc and diamonds; door is open for other acquisitions in Namibia 3 TSX.V: MMA
Share Structure As of May 30, 2012 Issued and Outstanding: 17,598,333 Options 490,000 $0.25 Expire Jan 16, 2013 Options 25,000 $0.25 Expire Sep 1, 2015 Options 60,000 $0.25 Expire Jun 30, 2015 Options 1,100,000 $0.25 Expire May 30, 2017 1,675,000 Warrants 850,000 $0.30 Expire May 1, 2013 (tranche 1) Warrants 1,650,000 $0.30 Expire Aug 1, 2013 (tranche 2) Warrants 1,500,000 $0.30 Expire Sep 12, 2013 (tranche 3) Brokers Wts 165,000 $0.30 Expire Aug 1, 2013 4,165,000 4 TSX.V: MMA
Company Overview Management & Directors • Al Fabbro, President & CEO • Wayne Moorhouse, CFO • Bob Sibthorpe, Director • Rick Mazur, P.Geo., Director • Tom Ye, Director • Adrian Karolko, GIT, Project Manager • Warren Robb, P.Geo., Geological Consultant • Mark McCartney, Corporate Communications 5 TSX.V: MMA
Namibia • Namibia is a stable mining jurisdiction with a long history of uranium, lead, zinc, copper and diamond mining. • The Central African Copperbelt of Zambia and Congo, along with its broad time equivalents in Botswana and Namibia (the Kalahari Copperbelt), is the world’s largest sediment-hosted, stratiform copper province. 6 TSX.V: MMA
Kalahari Copperbelt Discovery Metals Hana Mining Midnight Sun (Klein Aub) (Sillitoe, 2010) 7 TSX.V: MMA
Copper Prices “Almost every mine in the world can make money above $1.65. So as long as the price stays above that everyone mining copper is making lots of money…” - Ray Goldie, Salman Partners 8 TSX.V: MMA
The Klein Aub Project • The Klein Aub Copper Mine, operated by Gencor & Meteorex from 1966 until 1987 produced 211,293 tonnes of copper concentrate from 5 million tonnes of ore (Namibia Ministry of Mines and Energy, 1992) 9 TSX.V: MMA
The Klein Aub Project • Mineralization is primarily Chalcocite which produces a high grade concentrate of up to 56% copper 10 TSX.V: MMA
The Klein Aub Project • Midnight Sun is earning up to 60% option over the Klein Aub group of properties in Namibia, Africa • The Klein Aub Group consists of three exclusive prospecting licenses (EPL’s) • $5 million work commitment over four years • $1.35 million to be spent over the first 18 months 11 TSX.V: MMA
The Klein Aub Project 12 EPL Boundaries Map TSX.V: MMA
The Klein Aub Project 13 Airborne Geophysics TSX.V: MMA
The Klein Aub Project 14 Copper showings & soil sampling grid TSX.V: MMA
The Klein Aub Project • Trenching at the Niki Showing located 10 km west of Klein Aub 15 TSX.V: MMA
The Klein Aub Project 2012 Work Program • 4,000 metre, eight-hole Diamond Drill program • The eight targets were chosen after analysis of historical drilling data and determination of the historical Slimesdam and Airfield mineralization. • All eight drill holes are focused on the Slimesdam mineralization and targets were chosen to expand the up- and-down dip extensions of known historical mineralization and to infill areas between known mineralization where no previous drilling has been recorded. 16 TSX.V: MMA
The Klein Aub Project • Klein Aub ore body showing the W360 and W60 boreholes that were drilled as part of the previous mining exploration activities. 17 TSX.V: MMA
The Klein Aub Project 18 Slimesdam Drilling Plan TSX.V: MMA
The Klein Aub Project 19 Slimesdam X-Section 1 TSX.V: MMA
The Klein Aub Project 20 Slimesdam X-Section 2 TSX.V: MMA
Contact Midnight Sun Mining Corp. Suite 1500-1199 West Hastings St., Vancouver, BC, Canada V6E 3T5 604-336-8100 info@midnightsunmining.com Al Fabbro, President & CEO 604-351-8850 Mark McCartney, Corporate Communications 604-336-8100 Ext. 228 21 TSX.V: MMA
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