Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (March 2026)
36 slides from Magna Mining's investor presentation, Mar 1, 2026
Slide 1: Magna Mining Inc.
A/(MAG NA MINING INC. SSS
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 INFRASTRUCTURE & PROCESSING FACILITIES SOCIAL LICENSE TO OPERATE LOCAL, PROVINCIAL & FEDERAL GOVERNMENT SUPPORT WORLD CLASS MINERAL ENDOWMENT 3
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 Sudbury PODOLSKY Toronto LEVACK Glencore McCREEDY WEST Strathcona Mill Glencore Levack Falconbridge Smelter Chelmsford Vale Clarabelle Mill Vale Copper Cliff Smelter SHAKESPEARE City of Sudbury Whitefish Wanup Nairn CREAN HILL Magna Property
Slide 6: Magna Mining's Production Pipeline
MAGNA MINING’S P R O D U C T I O N 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 pro
Slide 7: McCreedy West & Levack Properties
McCREEDY WEST & LEVACK PROPERTIES Vale Coleman Mine Glencore Strathcona Mill Glencore Fraser Mine Levack #2 Shaft McCreedy West Portal Glencore Levack Hardy Mine Townsite Glencore Craig Mine (Onaping Depth Project) Glencore Onaping Mine 7
Slide 8: McCreedy West Mine
McCREEDY WEST MINE Administrative Complex Security Portal Ore Sorter Crusher, Sample Tower, Shipping 8
Slide 9: McCreedy West Mine
McCREEDY WEST MINE Current production is from the 700 Footwall Copper 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) 9
Slide 10: McCreedy West – 2026 Production Plans
McCREEDY WEST – 2026 PRODUCTION PLANS Portal Scale 300 Ft Green – Planned Development 930 West Area Orange – Planned Cu Stopes 930 – 1250 Area 1250 West Area Isometric Looking North Initial Mineral Reserve Estimate announced in Q1/2026 to support a 3-year production profile from the footwall 700 Cop
Slide 11: Levack Mine
L E VA C K MINE Administration Security Levack #2 Shaft Building Vale Coleman Core Shack Mine Proposed Portal Glencore Strathcona Mill Sample Tower Backfill Plant Glencore Onaping Depth Project 11
Slide 12: Levack Mine
LEVACK MINE Conceptual MLV-25-21 2.3% Ni, 0.7% Cu over 28.0m Including Ramp From 6.6% Ni, 0.7% Cu, over 2.4m And 3.3% Ni, 1.0 % Cu over 12.4 m Surface MLV-25-22 2.4% Ni, 0.8% Cu, over 15.5m And 3.2% Ni, 2.2% Cu over 2.4 m Main Ni- Keel Cu-PGE Cu Zone Footwall No. 1 & No. 2 Zone Ni-Cu Zones No. 3 Ni-
Slide 13: Levack Mineral Resource Estimate
LEVACK MINERAL R E S O U R C E ESTIMATE1 Cu Ni Co Pt Pd Au Ag CuEq Deposit Type Category Cut-off Grade Short Tons Metric Tonnes % % % (g/tonne) (g/tonne) (g/tonne) (g/tonne) % Contact Indicated 2.00% CuEq 6,535,000 5,928,000 0.89 1.41 0.05 0.46 0.56 0.07 0.99 3.18 Footwall Indicated 2.50% CuEq 197,0
Slide 14: Morrison Footwall Deposit at Levack
MORISSON FOOTWALL DEPOSIT AT LEVACK Magna Mining COO Jeff Huffman in a CEO Jason Jessup and COO Jeff Huffman in Morrison Deposit mechanized cut & fill stope footwall copper stope at McCreedy West in a captive cut & fill stope in the Morrison circa 2010 2010 Deposit in 2011 14 14 Photo credits: Steve
Slide 15: 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 PGE grades seem to be transitioning into very high-grade copper and precious metals 15 Exploration is ongoing with two surf
Slide 16: Crean Hill Mine
C R E A N H I L L M ICNREE A N H I L L M I N E Water Victoria Mine Treatment Plant (KGHM) (500m) Outcrop of 109 FW Main Access Road Waste Rock Proposed Portal Stockpile Location 2024 109 FW Bulk Sample Location Historical Main Pit (Filled) 16
Slide 17: Crean Hill Mine
CREAN HILL MINE Crean Hill Project Underground Mineral Resource Estimate, April 15, 2024 Cut-off Tonnes Cu Ni Co Pt Pd Au NiEq Classification NiEq% (M) (%) (%) (%) (g/t) (g/t) (g/t) (%) Indicated 1.1% 18.444 0.87 1.01 0.035 0.98 1.12 0.37 1.96 Inferred 1.1% 0.989 0.53 0.70 0.026 0.98 1.66 0.29 1.56
Slide 18: Crean Hill Mine
CREAN HILL MINE 2024 PEA outlined a 13 year, 2,200 tonne per day operation with LOM mineable resource sales of 195.5 million pounds nickel, 169.5 million pounds copper, 313,000 oz platinum, 359,000 oz palladium, and 117,000 oz gold Pre-Feasibility Study underway with completion in Q3 of 2026 18
Slide 19: Podolsky Mine
P O D O L S K Y MINE Administration Building Security 2000 Deposit Shaft Waste Water Treatment Plant North Zone Portal 19
Slide 20: Podolsky North Zone
PODOLSKY NORTH ZONE SW NE Main Shaft Portal Whistle Pit North Zone Contact Ni Zones FNX4199 17.8 % Cu, 1.4% Ni, FNX4400 10.2 g/t Pt+Pd+Au 1.0 Ni, 0.2% Cu, over 7.0 m over 103.7 m Gabbro FNX4205 Zone 21.0 % Cu, 0.7% Ni, 15.9 g/t Pt+Pd+Au FNX40238 over 6.6 m 23.4 % Cu, 1.2% Ni, 12.9 g/t Pt+Pd+Au over
Slide 21: Catalysts
UC UP PC OOMM I NI N GGCCAAT TAALLYYSSTTSS NEAR TERM LEVACK EXPLORATION RESULTS - FOOTWALL TARGETS CONTINUED OPERATIONAL MOMENTUM AT McCREEDY WEST LEVACK PEA & CREAN HILL PFS IN FALL 2026 + PRODUCTION DECISIONS POTENTIAL SYNERGISTIC ACQUISITIONS 21
Slide 22: Capital Structure
CA P ITA L S T R U C T U R E EQUITY PERFORMANCE C U R R E N T CAP I TAL ST R U CT U R E (TSXV: NICU ) Retail $4.00 7 Issued & Outstanding 249,858,803 ~37% $3.50 6 $3.00 5 Volume (Millions) $2.50 Options, RSUs & DSUs 14,750,804 4 Price (C$) $2.00 3 $1.50 2 $1.00 Warrants 0 $0.50 1 $-- -- Jan-23 Aug-2
Slide 23: Sudbury's Canadian Mining Company
SUDBURY’S CANADIAN MINING COMPANY TSXV: NICU OTCQX: MGMNF Jason Jessup, CEO Paul Fowler, Executive Vice President 23 www.magnamining.com Jason.Jessup@magnamining.com Paul.Fowler@magnamining.com
Slide 24: Management
MANAGEMENT Jason Jessup, MBA – Chief Executive Officer & Director Jason has over 25 years of experience in the mining industry comprising operations management, corporate development and project evaluation. Formerly FNX Mining, Sandstorm Gold, Premier Royalty, and INCO. Paul Fowler, CFA – Executive
Slide 25: Directors and Strategic Advisors
DIRECTORS AND STRATEGIC ADVISORS V e r n B a k e r , P .E n g . , M B A C h a i r m a n Vern has +30 years of experience in the mining sector. He was most recently the CEO of Jaguar Mining (TSX: JAG) and previously served as General Manager of Goldcorp’s Cerro Negro Mine, as well as VP Operations at
Slide 26: McCreedy West – Q4 2025 Summary
McCREEDY WEST – Q4 2025 SUMMARY Q4 2025 Operating Results October – December 2025 (“Q4”) was the third full quarter of production from the McCreedy West copper mine under Magna’s operation. During the quarter 84,953 tons of ore were produced from the 700 Footwall Copper Zone at an average grade1 of
Slide 27: McCreedy West 2026 Guidance
McCREEDY WEST 2026 GUIDANCE 2026 McCREEDY WEST OPERATIONAL GUIDANCE 700 Copper Zone Ore Sales (short tons) 355,000 - 375,000 Copper Equivalent Grade1 (% CuEq) 3.2% - 3.5% Payable Copper Equivalent Production1 (million lbs CuEq) 16.0 - 18.0 Total Cash Cost, excluding stream payments2 (US$/lb CuEq) $3
Slide 28: McCreedy West Reserve & Resource Estimates
McCREEDY WEST RESERVE & R E S O U R C E ESTIMATES1 1 See Footnotes to the McCreedy West Mineral Reserve & Mineral Resource Estimate. 28
Slide 29: Sudbury Property Portfolio
SUDBURY PROPERTY PORTFOLIO ~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 Cliff Smelter SHA
Slide 30: Sudbury Geology – Impact Structure
SUDBURY GEOLOGY – IMPACT STRUCTURE Source: https://craterexplorer.ca/sudbury-impact-structure-geomorphology/ 30
Slide 31: Sudbury Geology – Composite Cross Section
SUDBURY GEOLOGY – C O M P O S I T E CROSS SECTION SUDBURY BRECCIA Contact-type NICKEL-COPPER deposit Footwall-type Sudbury Igneous Complex COPPER-PRECIOUS METALS (SIC) deposit Source: https://www.researchgate.net/figure/Composite-cross-section-showing-the-geological-settings-for-North-and-East-Range
Slide 32: FNX Historical Share Price
FNX H I S T O R I C A L SHARE PRICE 32 Source: Bloomberg & Company Filings
Slide 33: Mineral Resource Estimates
MINERAL R E S O U R C E ESTIMATES • 805 million lbs of copper Total Contained Metal in NI 43-101 Compliant • 875 million lbs of nickel Resources (Measured & Indicated) • 2.7 million ounces of precious metals (Pt + Pd + Au) • 2.6 billion lbs of copper equivalent (CuEq) Additional Contained Metal in H
Slide 34: Historical Resources
H I S T O R I C A L RESOURCES Historical Resources1 Ni Cu Co Pt Pd Au Ag Property Deposit Type Tonnes (%) (%) (%) (gpt) (gpt) (gpt) (gpt) Measured and Indicated Podolsky Contact 6,058,000 0.75 0.21 Podolsky Footwall 1,099,000 0.27 2.35 0 1.01 1.01 0.42 13.56 Kirkwood Contact 565,000 1.17 0.49 Total
Slide 35: Notes on McCreedy West Reserve & Resource Estimates and Historical Resources
NOTES ON McCREEDY WEST RESERVE & RESOURCE ESTIMATES AND HISTORICAL RESOURCES 1Notes on Mineral Reserves The effective date of the McCreedy West Mineral Reserve Estimate is December 31, 2025. Mineral Reserves are in addition to Mineral Resources. The Mineral Reserve estimate was prepared under the su
Slide 36: Notes on Levack Resource Estimate
NOTES ON LEVACK RESOURCE ESTIMATE Levack Mineral Resource Estimate Notes: 1. The effective date of the Levack Mine Mineral Resource Estimate (MRE) is August 31, 2025. This is the close out date for the final mineral resource models and mine out models (as-builts). 2. The mineral resources are report