Midnight Sun Announces Resource Estimate for Kazhiba Main Copper Oxide Deposit

Midnight Sun Mining Corp. has achieved a significant milestone by completing its maiden Mineral Resource Estimate for the Kazhiba Main Oxide Copper Deposit in Solwezi, Zambia. The estimate reports an Indicated Resource of 2.33 million tonnes at 1.41% copper, representing the company's first formal quantification of the near-surface deposit's potential.

The resource estimate establishes Midnight Sun's position in the Solwezi district, which is recognized as a significant copper mining region in Zambia's Copperbelt province. The near-surface nature of the oxide deposit suggests potential for lower-cost mining operations compared to deeper underground deposits, which could enhance project economics and development timelines.

This maiden resource represents an important foundation for Midnight Sun's Zambian operations and provides the company with a quantified asset base for future development planning. The completion of this initial resource estimate positions the company to advance feasibility studies and potentially expand exploration activities to further delineate the deposit's full extent.

The achievement comes at a time when copper demand continues to strengthen driven by electrification and renewable energy infrastructure development globally. For Midnight Sun, this resource estimate provides concrete evidence of the Kazhiba deposit's commercial potential and establishes a baseline for future resource expansion and development activities.