Magna Mining says PEA demonstrates the potential of Crean Hill Nickel Project

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[{"type":"text","content":"Magna Mining says PEA demonstrates the potential of Crean Hill Nickel Project\n \n \n (NewsDirect)\n \n \n \n \n Magna Mining CEO Jason Jessup joined\nProactive's Stephen Gunnion with details of the Preliminary\nEconomic Assessment (PEA) which has just been completed by Stantec on\nthe company's 100% owned Crean Hill Nickel Project in Sudbury,\nOntario.\n \n \n Jessup said the PEA is the\nculmination of \"a lot of work\" undertaken over the past\napproximately eight months. Describing the PEA as very positive, he\nsaid the numbers speak for themselves, with robust economics, a long\nmine life and a short window to construction and ultimately\nproduction.\n \n \n Jessup took Proactive\nthrough the Base Case scenario for Crean Hill, as well as an\nalternative milling scenario comparing the economics of the Base Case\nwith an Alternative Processing scenario through a future mill at the\ncompany's Shakespeare Project.\n \n \n Based on the results of the\nAlternative Processing portion of the PEA, a Pre-Feasibility Study\n(PFS) is recommended, with a focus on further optimization and the\nintegration of the Crean Hill Project with the Shakespeare Project.\nThe PEA also demonstrates why Magna Mining believes the Crean Hill\nNickel Project has the potential to be the next nickel-producing mine\nin Canada, Jessup added.\n \n \n \n Contact\nDetails\n \n \n \n Proactive\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n \n Company\nWebsite\n \n \n \n \n https://www.proactiveinvestors.ca/\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2053,"tagName":"div"}]

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