MSE host Bill Powers interviews Midnight Sun Mining VP Adrian O’Brien for an update on the company’s Dumbwa copper discovery in Zambia’s Copperbelt. O’Brien shares how the company has now defined continuous copper mineralization over 5.3km of strike. He explains the release of assays from 99 drill holes after lab delays and QA/QC issues, saying results confirm continuity, scale, and a clear geological analog to Barrick’s neighboring Lumwana mine, with variable grades consistent with a bulk-tonnage system. He discusses the 20-km copper-in-soil anomaly, methodical fence-line drilling (four rigs, ~10,000 m/month, ~$160/m), expansion drilling to better discover and define the mineralization, and ongoing work toward completing the fully funded first 11 km of strike by end of Q3. The conversation also covers analyst reports, pending assays sent to Intertek, and plans to monetize the Kazhiba near-surface oxide resource (2.33 Mt at 1.41% Cu) to fund Dumbwa non-dilutively, plus general risk disclaimers about mining stocks.

00:00 Intro

00:49 Big Assay Release

02:35 Copperbelt Context

03:28 Market Reaction and Grade

08:06 Scale and Drill Plan

09:09 Funding and MRE Timing

10:25 Copper Clearings Explained

13:24 Analyst Coverage Takeaways

15:21 Kazhiba Oxide Monetization

16:52 Assay Lab QAQC Fix

19:18 Data Transparency and Next Steps

21:15 Expansion Drilling Adjustments

https://midnightsunmining.com/

TSXV:MMA OTCQX:MDNGF

Haywood Analyst Report (May 2026)

SCP Capital Analyst Report (May 2026)

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