Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (October 2025)
27 slides from Magna Mining's investor presentation, October 2025
Slide 1: Copper, Nickel & Precious Metal Production Growth in North America's Premier Mining District
www.magnamining.com TSXV: NICU OTC: MGMNF c COPPER, NICKEL & PRECIOUS METAL PRODUCTION GROWTH IN NORTH AMERICA’S PREMIER MINING DISTRICT October 2025
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 securities laws. All statements, other than statements
Slide 3: The Sudbury Advantage
THE SUDBURY ADVANTAGE OVER 100 YEARS OF MINING WORLD CLASS MINERAL ENDOWMENT INFRASTRUCTURE & PROCESSING FACILITIES LOW-COST ACCESS TO EXPLORATION AND DEVELOPMENT SOCIAL LICENSE TO OPERATE
Slide 4: Magna Mining – Pillars of Growth
MAGNA MINING – PILLARS OF GROWTH PRODUCTION SYNERGISTIC EXPLORATION 0 ACQUISITIONS • Currently one producing copper mine (McCreedy West) • Experienced Sudbury exploration team • Track record of acquiring accretive projects in Sudbury • Four permitted, past producing mines • Track record of making si
Slide 5: Sudbury – A World Class Mining District
SUDBURY – A WORLD CLASS MINING DISTRICT ~200km to Timmins RAND PARKIN NORTHWEST FOY NORTH RANGE PODOLSKY FROST LAKE LEVACK Capreol BLEZARD Glencore Strathcona Mill KIRKWOOD McCREEDY WEST Levack Glencore Falconbridge Smelter Chelmsford FALCONBRIDGE FOOTWALL TRILL Vale Clarabelle Mill Vale Copper Clif
Slide 6: McCreedy West Mine
McCREEDY WEST MINE Administrative Complex Security Portal Ore Sorter Crusher, Sample Tower, Shipping
Slide 7: McCreedy West
McCREEDY WEST Current production is from the 700 FW Cu Zone Optionality to restart nickel production from the Intermain Nickel Zone Development and exploration initiatives will focus on the area to the west of the 700 FW Zone towards the historical Hardy mine (Glencore)
Slide 8: McCreedy West – 2025 Production Plans
McCREEDY WEST – 2025 PRODUCTION PLANS Isometric Looking North Green – Planned Development Portal Orange – Planned Cu Stopes FNX33226 Scale 1.0% Cu, 1.2% Ni, 2.9g/t Pt+Pd+Au over 61.4 metres Including 300 Ft 2.4% Cu, 3.7% Ni, 5.7 g/t Pt+Pd+Au over 8.2 metres, And 3.4% Cu, 2.6% Ni, 5.2 g/t Pt+Pd+Au ov
Slide 9: Levack Mine
LEVACK MINE Administration Security Levack #2 Shaft Building Vale Proposed Portal Coleman Mine Backfill Plant Glencore Onaping Depth Project
Slide 10: Levack Conceptual Ramp
LEVACK CONCEPTUAL RAMP Conceptual MLV-25-21 Ramp From 2.3% Ni, 0.7% Cu over 28.0m Including 6.6% Ni, 0.7% Cu, over 2.4m Surface And 3.3% Ni, 1.0 % Cu over 12.4m MLV-25-22 2.4% Ni, 0.8% Cu, over 15.5m And 3.2% Ni, 2.2% Cu over 2.4m Main Ni-Cu Keel Cu-PGE Zone Footwall Zone No. 1 & No. 2 Ni-Cu Zones N
Slide 11: Levack Footwall – Exploration Target Areas
LEVACK FOOTWALL – EXPLORATION TARGET AREAS The “R2” target area exhibits many mineral and metallurgical similarities to the top of the adjacent Morrison deposit. High nickel and PGM grades seem to be transitioning into a zone of very high-grade copper and PGM’s.
Slide 12: Levack Morrison Deposit – Rob's Zone
LEVACK MORRISON DEPOSIT – ROB'S ZONE W E Plan View Rob’s Zone FNX2567 0.5% Cu, 6.9% Ni, 5.4 g/t Pt+Pd+Au over 1.1m Plan View 1 FNX2590 4.4% Cu, 6.5% Ni, 4.2 g/t Pt+Pd+Au over 2.0m Plan View 2 FNX2745 2.7% Cu, 7.2% Ni, 2.6 g/t 50 ft Pt+Pd+Au over 0.9m Morrison Cu- PGE Footwall Plan View Zone FNX2902
Slide 13: Levack Footwall – Exploration Target Areas
LEVACK FOOTWALL – EXPLORATION TARGET AREAS N S Keel Zone MLV-25-04 24.0% Cu, 1.2% Ni, 6.7 g/t Pt+Pd+Au over 2.0m Fecunis Fault FNX6616 No.3 27.5% Cu, 4.7% Ni, 122.2 g/t Pt+Pd+Au over 0.8 m >2.5 CuEq over >8 ft Coloured By Cu FW 0-0.5 % No. 3 FNX20131 0.5-2 % 5.5% Cu, 3.7% Ni, Orebody 1.7 g/t Pt+Pd+A
Slide 14: Magna Mining's Production Pipeline
MAGNA MINING’S PRODUCTION PIPELINE Pipeline of projects: Magna now has a portfolio of low capex, brownfield or past producing assets that can provide a platform for Production MCCREEDY WEST significant production growth for the next 5 years LEVACK Bootstrapped production plan: Staggered production s
Slide 15: Capital Structure
CA P ITA L ST R U CT URE EQUITY PERFORMANCE C U R R E N T CA P I TA L ST R U CT U R E (TSXV: NICU ) Retail Issued & Outstanding 234,718,143 ~37% Options & RSU’s 14,048,831 Warrants 1 15,063,018 Fully Diluted 263,829,179 Cash2 C$27 million TOP SHAREHOLDERS Debt3 C$24 million Dundee Corporation 21% Ha
Slide 16: Upcoming Catalysts
UC UP PC OOMM I NI N GGCCAAT TAALLYYSSTTSS EXPLORATION RESULTS – LEVACK FOOTWALL TARGETS NI 43-101 MINE RESOURCE ESTIMATES - LEVACK, PODOLSKY, KIRKWOOD, NI 43-101 MINE RESERVES - MCCREEDY WEST DRILLING AT MCCREEDY – TARGETTING HIGH PGM ZONES UPDIP OF EXISTING 700 FW CU ZONE GOVERNMENT FUNDING APPLIC
Slide 17: Mining for Our Future
MINING FOR OUR FUTURE TSXV: NICU OTCQX: MGMNF Jason Jessup, CEO Paul Fowler, Executive Vice President www.magnamining.com Jason.Jessup@magnamining.com Paul.Fowler@magnamining.com
Slide 18: 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 – Executive Vice President Paul
Slide 19: Directors and Strategic Advisors
DIRECTORS AND STRATEGIC ADVISORS V e r n B a k e r , P.E ng . , 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 President
Slide 20: McCreedy West – Q2 2025 Summary
McCREEDY WEST – Q2 2025 SUMMARY Q2 2025 Operating and Financial Results April - June 2025 (“Q2”) was the first full quarter of production from the McCreedy West copper mine under Magna’s operation. Total ore processed in Q2 was 59,100 tons from the 700 Footwall Copper Zone and 10,945 tons from the I
Slide 21: H2 Operational Guidance
H2 OPERATIONAL GUIDANCE H2 2025 OPERATIONAL GUIDANCE 1 Prices are in CAD unless otherwise stated Q3 2025 Q4 2025 700 Copper Zone Ore Tons Sold 80,000 - 92,000 80,000 - 92,000 Copper Equivalent Grade Contained 2.90% - 3.40% 3.80% - 4.40% Copper Equivalent Payable Pounds (000s) 3,500 - 4,200 4,700 - 5
Slide 22: 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 will focus on prioritising and incr
Slide 23: 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. 23 Photo credits: Steve Clapp, Cr
Slide 24: Sudbury Geology
SUDBURY GEOLOGY https://craterexplorer.ca/sudbury-impact-structure-geomorphology/
Slide 25: Sudbury Geology
SUDBURY GEOLOGY SUDBURY BRECCIA Contact-type NICKEL-COPPER deposit Footwall-type Sudbury Igneous Complex COPPER-PRECIOUS METALS (SIC) deposit
Slide 26: Combined Resources
COMBINED RESOURCES • 780 million lbs of copper Total Contained Metal in NI 43-101 Compliant • 742 million lbs of nickel Resources (Measured & Indicated) • 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 po
Slide 27: 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