Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (February 2025)
24 slides from Magna Mining's investor presentation, February 2025
Slide 1: Copper & Nickel Production in North America's Premier Mining District
TSXV: NICU OTC: MGMNF COPPER & NICKEL PRODUCTION IN NORTH AMERICA’S PREMIER MINING DISTRICT February 2025 September [•], 2024 www.magnamining.com
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other
Slide 3: The Sudbury Advantage
THE SUDBURY ADVANTAGE OVER 100 YEARS OF MINING PRODUCTION INFRASTRUCTURE & PROCESSING FACILITIES LOW-COST ACCESS TO EXPLORATION AND DEVELOPMENT SOCIAL LICENSE TO OPERATE WORLD CLASS MINERAL ENDOWMENT
Slide 4: Magna Mining Growth Pipeline
MAGNA MINING GROWTHPIPELINE GROWTH PIPELINE 0 EXPLORATION PROVEN MANAGEMENT TEAM Upon closure of the KGHM transaction, Magna will operate the producing McCreedy Many of Magna’s executive team have Sudbury has precedent for the discovery of West Copper mine, plus 4 additional past- extensive experien
Slide 5: Magna Property Locations
MAGN PRA OPPREORPTEYR LT O Y CLAOTCI O A TNI O N S NORTHWEST FOY WISNER NORTH RANGE PARKIN PODOLSKY LEVACK Glencore FROST LAKE Strathcona Mill McCREEDY WEST BLEZARD WINDY LAKE Glencore Falconbridge Smelter Azilda FALCONBRIDGE FW TRILL Callum Vale Clarabelle Mill Vale Copper Cliff Smelter KIRKWOOD Ci
Slide 6: Combined Resources
COMBINED RESOURCES • 780 million lbs of copper Total Contained Metal in NI 43-101 • 742 million lbs of nickel Compliant Resources • 2.6 million ounces of precious metals (Pt, Pd + Au) • 2.8 billion lbs of copper equivalent (Cu Eq) Additional Contained Metal in • 270 million pounds copper • 337 milli
Slide 7: Magna Mining's Production Pipeline
MAGNA MINING’S PRODUCTION PIPELINE Pipeline of projects: Magna now has a portfolio of low capex, Production MCCREEDY WEST brownfield or past producing assets that can provide a platform for significant production growth for the next 5 years LEVACK CREAN HILL Permitted Bootstrapped production plan: S
Slide 8: Magna's Focus for 2025
MAGNA'S FOCUS FOR 2025 • Optimizing systems for efficiency, reliability and productivity OPTIMIZE McCREEDY WEST • Develop a mine plan driven by high grade copper mining, with optionality for nickel mining FOR CASH FLOW & SUSTAINABLE PRODUCTION • Production ramp up from 330k tonnes per annum (tpa) to
Slide 9: McCreedy West Mine 2025 Mine Plan
McCREEDY WEST MINE 2025 MINE PLAN IMPROVED MINE PLAN UNDER DEVELOPMENT: Magna is working with the McCreedy West management team to develop a new plan for 2025 which incorporates both recent drilling from KGHM and drilling directed by Magna Mining in December 2024. PRODUCTION FORECAST for 2025 is exp
Slide 10: McCreedy West 2025 Mine Plan: High Grade Pillars
McCREEDY WEST 2025 MINE PLAN Main Orebody High Grade Pillars Plan View High grade pillars that remain at McCreedy West between cemented sandfill could offer an opportunity to add additional high-grade tonnage within the first 12 months These pillars are located at shallow depths and remain accessibl
Slide 11: Copper vein extensions on periphery of prior INCO mining
McCREEDY WEST 2025 MINE PLAN Copper vein extensions on periphery of prior INCO mining Copper vein extensions on periphery of prior INCO mining Copper rich veins extending into the footwall in proximity to existing workings Strong potential for significant resource expansion Potential to add in addit
Slide 12: Updating Current Stope Designs
McCREEDY WEST MINE 2025 MINE PLAN Updating Current Stope Designs Updating Current Stope Designs Mined Stopes Magna is reviewing current stope designs and optimizing based on: • Utilizing geological vein trends to guide block model and development • Develop stope accesses in ore rather than waste to
Slide 13: McCreedy West - Levack Footwall Exploration Potential
McCREEDY WEST - LEVACK FOOTWALL EXPLORATION POTENTIAL FNX30678 30.3% Cu, 4.0 g/t Pt+Pd+Au over 0.6 m 700 Cu Zone PM Zone Morrison Deposit FNX20578 FNX7150 14.3% Cu, 3.4% Ni, 4.0% Ni, 3.1% Cu, 23.5 g/t Pt+Pd+Au 31.4 g/t Pt+Pd+Au over 1.7 m over 1.9 m * For more information, please refer to the news r
Slide 14: Levack Opportunity – Keel Zone
LEVACK OPPORTUNITY – KEEL ZONE Keel Zone, Oblique View Location of Keel Zone, Levack Mine Keel 20.6% Cu, 1.0% Ni, 5.1 g/t TPM over 27.9 ft 28.9% Cu, 0.1% Ni, 7.6 g/t TPM over 3.3 ft Under Explored Under- Explored 31.0% Cu, 0.3% Ni, 12.4 g/t TPM over 4.5 ft Morrison Deposit 19.4% Cu, 1.2% Ni, 7.7 g/t
Slide 15: A Track Record of Efficient Capital Allocation
A TRACK RECORD OF EFFICIENT CAPITAL ALLOCATION Capital Raised Date (C$ million) Use of Proceeds Equity Debt Shakespeare acquisition & 2017 to 2021 5 general corporate purposes May-21 7 RTO & general corporate purposes Nov-21 3.1 Exploration (flow-through) Nov-22 20 Crean Hill acquisition Jan-23 18 E
Slide 16: Capital Structure
CA P ITA L ST R U CT URE Management & Directors C U R R E N T CA P I TA L ST R U CT U R E 9% Institutional Retail 1 ~53% Issued & Outstanding 194,759,418 ~37% Options & RSU’s 12,704,400 Warrants 2 26,181,360 TOP SHAREHOLDERS Fully Diluted 233,645,178 Dundee Corporation 22% Hawkes Point LLC 11% Cash3
Slide 17: Why Invest in Magna Mining
WHY INVEST IN MAGNA MINING PRODUCING COMPANY IN Q1 2025 – POTENTIAL RE-RATING EXPLORATION RESULTS IN Q1 2025 PIPELINE OF PROPERTIES AND THE POTENTIAL FOR ‘BOOTSTRAPPED’ ORGANIC GROWTH POTENTIAL FOR ADDITIONAL SYNERGISTIC ACQUISITIONS
Slide 18: Mining For Our Future
MINING FOR OUR FUTURE TSXV: NICU OTC: MGMNF Jason Jessup, CEO Paul Fowler, Senior Vice President www.magnamining.com Jason.Jessup@magnamining.com Paul.Fowler@magnamining.com
Slide 19: Management
MANAGEMENT Jason Jessup, MBA - CEO & Director Jason has over 25 years of experience in the mining industry comprising operations management, corporate development and project evaluation. Formerly FNX Mining, Sandstorm Gold, Premier Royalty, and INCO. Paul Fowler, CFA - Senior Vice President Paul is
Slide 20: Directors and Strategic Advisors
DIRECTORS AND STRATEGIC ADVISORS V e r n B a k e r , P .E n g . , M B A C h a i r m a n Vern has +30 years of experience in the mining sector. He is currently the CEO of Jaguar Mining (TSX), previously served as General Manager of Goldcorp’s Cerro Negro Mine, VP Operations at FNX Mining, and Preside
Slide 21: Our Experience at McCreedy West & Levack
OUR EXPERIENCE AT McCREEDY WEST & LEVACK Magna Mining COO Jeff Huffman, in a CEO Jason Jessup and Jeff Huffman in a Morrison Deposit mechanized cut & fill stope footwall copper stope at MCW in 2010 captive cut & fill stope in the Morrison circa 2010 deposit in 2011. 21 Photo credits: Steve Clapp, Cr
Slide 22: KGHM Acquisition - Mineral Resources
KGHM ACQUISITION - MINERAL RESOURCES NI 43-101 MINERAL RESOURCE ESTMATE McCreedy West Underground Mineral Resource Estimate, Dec 31, 20231 Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t Ag g/t Ni Eq % NiEq (%) Indicated 1.10 9,345,000 0.89 1.30 0.024 0.96 1.10 0.45 5.28 2.02 Inferred 1.10
Slide 23: McCreedy West Mineral Resources
McCREEDY WEST MINERAL RESOURCES MCCREEDY WEST NI 43-101 MINERAL RESOURCE ESTMATE BY ZONE 1 700 Zone Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t Ag g/t NiEq % NiEq (%) Indicated 1.1 5,230,000 0.7 1.92 0.014 1.08 1.17 0.57 6.48 2.16 Inferred 1.1 63,000 1.63 1.23 0.04 0.4 0.43 0.1 0.82 2.4
Slide 24: Notes on McCreedy West and Historical Mineral Resources
NOTES ON McCREEDY WEST AND HISTORICAL MINERAL RESOURCES McCreedy West Property Mineral Resource Estimate Notes: 1. The effective date of the McCreedy West Property Mineral Resource Estimate (MRE) is December 31, 2023. This is the close out date for the final mineral resource models and mine out mode