In February, Midnight Sun Mining teamed up with KoBold Metals, a privately held U.S. AI-driven mining and exploration company backed by technology investors including Bill Gates and Silicon Valley venture capital firm Andreessen Horowitz, to explore Dumbwa, one of four targets on its Solwezi copper project in the heart of the Zambia-Copper Belt.
KoBold will spend US$15 million on exploration over the next four years and make cash payments to Midnight Sun of $500,000, to earn a 75% interest in the target and the team will be led by David Broughton, KoBold’s chief copper geologist.
Broughton is no stranger to the project, which lies just a few kilometres from First Quantum Minerals’ (TSX: FM) Kanshanshi mine, Africa’s largest copper mining complex. The world-renowned expert in sediment-hosted copper deposits credited with Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Kamoa and Platreef discoveries, has been keeping a close eye on…
