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Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario
SUDBURY, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to...
About this update from Magna Mining Inc
[{"type":"image","alt":"Magna Mining Inc.","displaySize":"","headline":null,"caption":"Magna Mining Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":70,"url":"https://media.zenfs.com/en/globenewswire.com/8813d3d4db2c786defe2c1782bfea0e3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/99_DGlZhNWkkHxU5VGdp0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/8813d3d4db2c786defe2c1782bfea0e3","width":300,"height":70}},"lazy":false},{"type":"text","content":"SUDBURY, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to announce that Technica Mining Inc. (“Technica”) has been engaged by the Company to complete a pre-feasibility study (“PFS”) on its 100% owned Crean Hill Project (the "Project") located in Sudbury, Ontario, Canada.","length":373,"tagName":"p"},{"type":"text","content":"Jason Jessup, Magna’s CEO, stated, “Our Crean Hill Project demonstrates an attractive combination of base and precious metals, and we have engaged Technica to complete a PFS on the Project, which will build on the Preliminary Economic Assessment (“PEA”) that was completed in 2024. The 2024 PEA demonstrated the potential for a 13 year mine life, modest pre-production capital costs and a high internal rate of return using conservative precious metals prices. While Crean Hill has been a lower priority during 2025 while we integrated the portfolio of properties acquired from KGHM in March, we have continued to advance the Project towards a construction decision. During 2025 we have moved forward with engineering at Crean Hill for both a connection to grid power and a permanent dewatering system, both of which will be of huge benefit as we update and evaluate the economics of the project during 2026. The Crean Hill PFS will be completed in parallel with the PEA study on our Levack Mine, and the decision to commence the PFS at this time supports Magna’s vision of becoming a multi-mine producer in the Sudbury Basin over the coming years.”","length":1149,"tagName":"p"},{"type":"text","content":"The PFS will commence in January 2026 and is expected to be completed in Q3 2026. It will build on the September 2024 PEA (see news release dated September 17, 2024) and incorporate additional work completed inc...