Nov. 12 at 10:33 PM
$MDNGF
• COO Kevin Bonel, sees Dumbwa as a potential larger and higher-grade analog to Lumwana, which he previously expanded from 900 Mt to 1.62 Bt in just 24 months.
• Four rigs are currently drilling through Zambia’s rainy season, with assay turnaround times cut to 2–3 weeks through a new SGS Labs partnership.
• building a defensible block model along the first 2.5 km of the 20 km copper corridor — the same disciplined process majors use for resource definition.
• Following a C
$30M financing, MMA is positioned to maintain momentum into 2026, with expansion to six to eight rigs under review.
• A maiden NI 43-101 resource for the Kazhiba oxide deposit is on track for release in late November, offering potential for a valuation rerate.
• Zambia is emerging as the world’s next copper superpower, targeting the #2 global producer spot under pro-mining policies and major investment from Rio Tinto, Ivanhoe, and Barrick.
*Posted on behalf of Midnight Sun Mining Corp.
https://www.reddit.com/r/Penny_Stocks_Canada/comments/1otwulz/midnight_sun_confirms_copper_at_dumbwa/