$MMA.V Techincals on behalf of @MidnightSunMine
Chart has been sitting on support for long enough starting to grind back higher with moving averages following price upwards aka primed.
Worth re-reading this week's Phase Two next steps release with these technicals in mind.
Less drilling for coverage focusing on potentially higher grade targets with more economic impact on the deposit and with a slower treasury burn...
Phase One was the groundwork: ~75,000 m of fence drilling, holes every 50 m, fences every 100 to 200 m, south to north across the first 11.5 km of a 20 km copper-in-soil anomaly. That's what the systematic drilling guided by Kevin Bonel was for, finding out where the grade actually sits.
Phase Two puts the drills where Phase One proved the grade sits, so each hole now tests a specific higher-grade domain instead of spending most of a fence in the lower-grade shell.
It also opens up new ground: the untested north of the 20 km anomaly, areas pushed past current limits, and two magnetic targets 1 km east with the same fingerprint as the higher-grade blocks.
IE fewer coverage holes, more holes with a high grade target, and more holes aimed at the kind of intercepts that the market tends to reward as they assists in validating economic viability.
We have been patient, time to earn back the bulls...
NEWS
September 2nd, 2026
Midnight Sun Initiates Phase Two Exploration Program at Dumbwa
https://t.co/2qATfD5VLC
$MMA.V $MDNGF
#Copper#Zambia#midnightsunmining
NEWS
June 29th, 2026
Midnight Sun Continues Rapid Strike Expansion at Dumbwa; Now 6.7 Kilometres of Near-Surface Copper Mineralization
https://t.co/Wz9qXswlvh
$MMA.V $MDNGF
#Copper#Zambia#midnightsunmining
Insider buying on behalf of @MidnightSunMine
🇨🇦 $MMA.V 🇺🇸 $MDNGF
Another very notable insider purchase off the open market from Brett Richards yesterday on June 01, 2026 for $470K at $0.94 after his last $279K purchase at $1.27 filed 02/25/2026 👏
Midnight Sun - Technical Webinar Replay
For anyone unable to attend yesterday’s technical presentation with Midnight Sun's COO, Dr. Kevin Bonel, a replay of the webinar can be viewed here:
https://t.co/oh2a7BfJao
$MMA.V $MDNGF
#copper#Zambia
Midnight Sun Technical Webinar
Date: May 19
Time: 9am PT
We invite you to join us for our upcoming technical webinar focused on the Company’s recent drill results and ongoing exploration progress at the Dumbwa copper deposit.
https://t.co/pKx7pjYXol
Posted on behalf of Midnight Sun Mining $MMA.V $MDNGF #Copper
Canadian Mining Report article on Dumbwa:
"Midnight Sun Mining Delivers Major De-Risking at Dumbwa Copper Discovery - New 99-Hole Release Highlights Scale and Continuity in the Zambian Copperbelt"
https://t.co/3WClgKadcl
Analyst coverage on behalf of @MidnightSunMine
🇨🇦 $MMA.V 🇺🇸 $MDNGF
Institutional perspective remains optimistic on the Lumwana bulk tonnage analogue trajectory. Following SCP, Haywood now also out with a 6 page interpretation on yesterday’s assays.
“Maintained Buy rating and C$3.00 target price for patient investors.”
They also note that just the first half of Dumbwa’s system covering 11.2km is expected to be drilled by September, which could lead to a resource by year-end where MMA could deliver a 1Bt resource estimate.
MMA would then test the remainder of the 20km copper-in-soil anomaly in 2027. Further soil
testing is also planned north of current drilling in order to better define zones of mineralization.
—
“We continue to believe in the potential at Dumbwa”
“The stock has taken a beating on the results, down 27.5%, back to levels of September 2025, when drilling at Dumbwa was getting underway. We recognize the market will require time to adjust to a lower-grade deposit with variability of grades among zones, but we believe the potential for a billion-tonne resource remains for Dumbwa, benefiting from proximity to infrastructure, shallow depth and continuity of mineralization, with a gradual dip favoring a straightforward mining scenario with reasonable strip ratio – all factors that are supportive of an economic deposit.”
“We maintain our Buy rating and C$3.00 target price for patient investors.”
🔗⬇️
https://t.co/aATmGNHcDr
Midnight Sun Technical Webinar
Date: May 19
Time: 9am PT
We invite you to join us for our upcoming technical webinar focused on the Company’s recent drill results and ongoing exploration progress at the Dumbwa copper deposit.
https://t.co/pKx7pjYXol