Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (December 2023)
22 slides from Magna Mining's investor presentation, December 2023
Slide 1: North America's Next Nickel Producer
TSXV: NICU OTCQB: MGMNF NORTH AMERICA’S NEXT NICKEL PRODUCER December 2023 www.magnamining.com
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT No Advertisement or Solicitation This presentation is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of these securities in Canada, the United States or any other jurisdiction. No securities commission or similar author
Slide 3: The Near-Term Growth Strategy
THE NEAR-TERM GROWTH STRATEGY NEAR TERM, LOW-COST HIGH IMPACT EXPLORATION AT SYNERGISTIC DEVELOPMENT AT CREAN HILL CREAN HILL & SHAKESPEARE ACQUISITIONS • Near term cash flow will help to fund • Footwall and contact zone targets at Crean Hill. • Continued pursuit of Sudbury assets that can undergrou
Slide 4: Sudbury – A Tier 1 Nickel District
SUDBURY – A TIER 1 NICKEL DISTRICT 42
Slide 5: The Long-Term Strategy
T H E L O N G - T E R M S T R AT E G Y SHAKESPEARE MINE CREAN HILL MINE • Past producing Ni / Cu / PGM mine. • 2023 Mineable Resources of 28Mt (Alt. Processing Scenario). • 20.34 Mt Indicated global resource. • Pre-Prod Capex: $48M ADEX, $81M OP & UG. • Feasibility stage project based on 11.8 Mt res
Slide 6: Crean Hill Mine
CREAN HILL MINE 7 7 62
Slide 7: Crean Hill – PEA (July 2023)
CREAN HILL – PEA (JULY 2023) Alternative Base Case Processing STRONG ECONOMICS Total Resource Mined (Tonnes) 20,102,605 28,197,495 UG Resource Mined (Tonnes) 16,274,220 21,791,858 Mine Life (Years) 15 19 MODEST PRE-PRODUCTION CAPITAL COSTS Ni in Resource Sold (Million lbs) 276.6 351.2 Cu in Resource
Slide 8: Crean Hill – PEA (July 2023)
CREAN HILL – PEA (JULY 2023) Crean Hill Underground Indicated Resource Estimate* at Different Cut-Off Grades Cut-off Grade Tonnes Ni% Cu% Co% Pt g/t Pd g/t Au g/t NiEq (%) (Millions) 0.8 21.68 0.78 0.7 0.03 0.73 0.82 0.45 1 16.79 0.89 0.79 0.03 0.82 0.94 0.51 1.1 14.53 0.96 0.84 0.03 0.88 1.02 0.54
Slide 9: Crean Hill Resource Expansion Potential
CREAN HILL RESOURCE EXPANSION POTENTIAL 101 FW E 109 FW MCR-23-013 0.2 % Ni, 0.6% Cu, 11.0 g/t Pt+Pd+Au over 95.4m, % Ni Equivalent Including 2.4 % Ni, 4.3 % Cu, MCR-23-041 37.2 g/t Pt+Pd+Au over 5.1 m 0.3 – 0.75 3.0% Ni, 0.7% Cu, 1.2 Pt+Pd+Au over 31.6 m 0.75 – 1.1 MCR-22-010 0.4% Ni, 0.5% Cu, 7.2
Slide 10: Crean Hill - Property Wide Exploration
CREAN HILL - PROPERTY WIDE EXPLORATION Exploration targets in the footwall Multiple zones of FW breccias have been Successful exploration in the footwall 2by FNX between as well as along the contact to the identified at Crean Hill and are associated 2002 to 2009 resulted in significant new discoveri
Slide 11: Crean Hill – Next Steps
CREAN HILL – NEXT STEPS OPTIMISATION • Stope design, scheduling and production rate will be optimized to mine >2% Ni Eq for first 6 to 8 years. • Mine plan to be optimized to design a detailed Advanced Exploration (ADEX) plan under a low capex, high grade scenario. NEW RESOURCE • Expected 2024, to i
Slide 12: The Hub – The Shakespeare Project
THE HUB – THE SHAKESPEARE PROJECT 2 12
Slide 13: Shakespeare – Current Resource Pit Shell & Exploration Potential
SHAKESPEARE – CURRENT RESOURCE PIT SHELL & EXPLORATION POTENTIAL Longitudinal Section Showing the Location of Recent 2022 Drilling Looking NW Simplified Vertical Composed Section A-A‘ Looking NE Legend June 1, 2021 Resource Mesh Mineralized Gabbro 2022 FS Pit Shell Diabase June 1, 2022 Resource Pit
Slide 14: Catalysts & Growth
C ATA LY S T S & G R O W T H • Crean Hill resource expansion, footwall exploration, & new discoveries. POTENTIAL HIGH-IMPACT EXPLORATION • $8m fully funded exploration program in 2024, targeting 25,000m of drilling • Advanced exploration permitting expected to be complete in Q4 2023. NEAR TERM PRODU
Slide 15: Nickel For Our Future
NICKEL FOR OUR FUTURE TSXV: NICU Jason Jessup, CEO Paul Fowler, Senior Vice President Jason.Jessup@magnamining.com Paul.Fowler@magnamining.com www.magnamining.com
Slide 16: Capital Structure
C A P I TA L S T R U C T U R E CURRENT CAPITAL STRUCTURE Issued & Outstanding 163,379,860 Management & Directors 10% Options & RSU’s 10,600,800 Warrants 1 36,695,491 Institutional Fully Diluted 210,676,151 Retail 53% 37% Cash2 $15.5 million Share Price $0.45 Market Capitalization (Basic) C$74 millio
Slide 17: Management
MANAGEMENT Jason Jessup, MBA Paul Fowler, CFA Ann-Marie Finney, MBA, David King, M.Sc., P.Geo. Jeff Huffman, MBA, PMP CEO & Director Senior Vice President CFO Senior Vice President COO Paul is an experienced Mining Ann-Marie has over 25 years of David King is a registered Jeff Huffman is an experien
Slide 18: Shakespeare – A Strategic North American Nickel Asset
SHAKESPEARE – A STRATEGIC NORTH AMERICAN NICKEL ASSET THE SHAKESPEARE MINE, SUDBURY PERMITS, LOCATION & EXPANSION POTENTIAL. Shakespeare is the cornerstone of our future hub and spoke production model. FEASIBILITY STAGE PROJECT (January 2022). • 11.8Mt reserve (as per the existing closure plan). FEA
Slide 19: Directors and Strategic Advisors
D I R E C TO R S A N D S T R ATEGIC A D V I S O R S Ve r n Baker, P.Eng., MBA 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 P
Slide 20: Shakespeare NI 43-101 Resource
SHAKESPEARE NI 43-101 RESOURCE Shakespeare Mineral Resources, January 2022 Category (Mt) Ni (%) Cu (%) Co (%) Pt (g/t) Pd (g/t) Au (g/t) Ni Eq. (%) Open Pit Indicated 16.51 0.34 0.36 0.02 0.33 0.36 0.19 0.56 (0.2% Ni Eq cut off) Underground Indicated 3.83 0.31 0.36 0.02 0.3 0.32 0.19 0.53 (0.4% Ni E
Slide 21: Crean Hill - Existing Resource
CREAN HILL - EXISTING RESOURCE CREAN HILL MINERAL RESOURCES, OCTOBER 2022 Nickel Copper Cobalt Platinum Palladium Gold Ni Eq Category Tonnes Grade lbs Grade lbs Grade lbs Grade ozs Grade ozs Grade ozs Grade (%) (Millions) (%) (Millions) (%) (Millions) (g/t) (000's) (g/t) (000's) (g/t) (000's) (%) OP
Slide 22: Crean Hill – Notes on Assumptions
CREAN HILL –NOTES ON ASSUMPTIONS Notes on Mineral Resource Assumptions: (1) The classification of the current Mineral Resource Estimate into Indicated and Inferred is consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves. (2) All figures are rounded to re