Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (February 2022)
23 slides from Magna Mining's investor presentation, February 2022
Slide 1: The Past Producing Shakespeare Nickel Project
FEBRUARY 2022 THE PAST PRODUCING SHAKESPEARE NICKEL PROJECT TSXV: NICU
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains forward-looking information and forward-looking statements (collectively, "forward-looking statement") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations,
Slide 3: Investment Summary
INVESTMENT SUMMARY MOST ADVANCED NICKEL DEVELOPMENT PROJECT IN CANADA • Positive feasibility study completed January 2022 • Major permits in place for construction of 4500 t/d mine, mill and tailings storage facility • Carbon Neutral Nickel Mine FEASIBILITY STUDY* DEMONSTRATES POSITIVE ECONOMICS • C
Slide 4: Capital Structure & Shareholders
C A P I TA L S T R U C T U R E & S H A R E H O L D E R S CAPITAL STRUCTURE SIGNIFICANT SHAREHOLDERS Issued & Outstanding 71,638,504 Dundee 19% Options & RSU’s 5,783,000 Haywood 12% Warrants 14,083,651 Fully Diluted 91,505,155 Libra 4% Cash ~$5.0M Lynwood 3% Share Price $0.40 Market Capitalization $2
Slide 5: Sudbury – A World Class Mining District
SUDBURY – A WORLD CLASS MINING DISTRICT An Active Mining Region - Social License & World Class Nickel District with Exceptional Dominated by Tier 1 Mining Companies a Service Hub Geology Vale, Glencore and KGHM dominate the Sudbury mining Supportive governments, communities and First Nations The Sud
Slide 6: 2022 Feasibility Study
2022 FEASIBILITY STUDY BASE CASE HIGHLIGHTS • 4,500 tonne per day open pit mining operation • 11.9 Mt of reserves • 7.1 year mine life • Production of nickel and copper concentrates • Carbon neutral nickel operation BASE CASE ECONOMICS • Pre-Tax: NPV 6% C$221 million, IRR 27.2 %, 3.4 year payback •
Slide 7: 2022 Feasibility Study
2022 FEASIBILITY STUDY Spot Price Units Upside Case Base Case Low Case (Jan ) Nickel US$/lb. 12 10.28 8.5 7 Copper US$/lb. 4.75 4.44 3.95 3 Cobalt US$/lb. 33 32.66 24 17.50 Platinum US$/oz 1,000 1,030 950 900 Palladium US$/oz 2,150 2,153 1,750 1,400 Gold US$/oz 1,850 1,838 1,600 1,500 CDN$ Pre-Tax N
Slide 8: 2021 Drill Program- Shakespeare
2021 DRILL PROGRAM- SHAKESPEARE Successfully Demonstrates Shallow Resource Expansion Potential Holes 27 and 29 (Jan 2022) pierced Results confirm our geological thesis that The addition of resources in the gap the East and West zones the Gap Zone is mineralized and the zone could lead to the combina
Slide 9: P-4: A New Nickel-Copper-PGM Discovery
P-4: A New Nickel-Copper-PGM Discovery Figure 3: Map of regional magnetics showing relationship of the P-4 target and Shakespeare Mine site Maiden drilling intersected a zone of mineralized gabbro within sedimentary rocks with a zone semi-massive sulphides containing up 1.16% Ni with copper and prec
Slide 10: Accomplishments and Achievements in 2021
ACCOMPLISHMENTS AND ACHIEVEMENTS IN 2021 Significant New Financing • Completion of C$7 million RTO and launch of additional $3 million in flow through financing • Significant new supportive shareholders, including Dundee Corporation. Completion of 8,700 m of Drilling Since May 2021 • Testing near su
Slide 11: Next Steps & Catalysts
NEXT STEPS & CATALYSTS Initial 10,000 m Drill Program at Shakespeare in 2022 • Winter Exploration targets: P-4, Spanish River and Shakespeare West. • Shakespeare exploration targets including untested EM plates and further Gap Zone drilling. • Summer program to test additional regional targets Assay
Slide 12: A Unique Battery Metals Investment Opportunity
A UNIQUE BATTERY METALS INVESTMENT OPPORTUNITY Past producing asset in a proven nickel camp, with existing permits & fast track options for production restart STRAEGIC ASSET, Technically de-risked project STRATEGIC LOCATION Unique platform for establishing a hub and spoke production model Sudbury ba
Slide 13: 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 705 665 0262 416 356 8165 @MagnaMining www.magnamining.com
Slide 14: Appendix
NICKEL FOR OUR FUTURE APPENDIX
Slide 15: Management
MANAGEMENT J a s o n Je s sup, MBA Derrick Weyrauch, CPA Paul Fowler, CFA Dr. Mynyr Hoxha, C E O & Director C F O & Director Senior Vice President Ph.D, P.Geo, VP Exploration Jason has over 25 years of Derrick is an experienced mining Paul is an experienced capital Dr. Hoxha is a Professional experi
Slide 16: 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 Gord Morrison, A d vi so r Carl D e L u c a , Di rec to r Chairman Gord is an Executive Advisor for TMAC Carl was the Chief Legal Counsel for Detour Vern has +30 years of experience in the Resources. Previously he served a
Slide 17: NI 43-101 Resource
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 Eq cut off) I
Slide 18: P-4 Nickel-Copper-PGM Discovery
P-4 Nickel-Copper-PGM Discovery Hole MP4 21-02 Close up of Hole MP4 21-02 . Intersected 90m and 140 m from surface, the mineralization in holes MP4 21-01 and MP4 21-02 exhibit interesting characteristics that are different to those in the disseminated sulphide deposit at Shakespeare. In the second h
Slide 19: Pillars of Our ESG Strategy
P I L L A R S O F O U R E S G S T R AT E G Y Our objective is to be Canada’s first carbon neutral Local Stakeholder Support nickel mine The project has already established an Impacts and Benefits Agreement (IBA) with Sagamok Anishnawbek First Nations. Magna is in active To achieve this, our approach
Slide 20: Active ESG Initiatives
A C T I V E E S G I N I T I AT I V E S Enviro nmental Carbon Neutral Operations (as outlined in 2022 Feasibility) and Carbon Neutral Exploration Integrate co-disposal system in final mine design Source a B50 biodiesel blend for all vehicles & equipment Invest in habitat restoration & natural carbon
Slide 21: District-Scale Exploration
D I S T R I C T -S C A L E E X P L O R AT I O N Shakespeare Project Area Exploration Targets 180 km ² land package including 30km of strike of underexplored, prospective geology for N multiple base and precious metal commodities. Large magmatic system with potential for high grades and multiple unte
Slide 22: 2021 Drill Program- Shakespeare
2021 DRILL PROGRAM- SHAKESPEARE Simplified Vertical Section 20 Looking NE Simplified Vertical Section 22 Looking NE Simplified Vertical Section 25 Looking NE (See longitudinal section for location) (See longitudinal section for location) (See longitudinal section for location) 22
Slide 23: Non-Binding MOU with Mitsui & Co. Ltd
NON-BINDING MOU WITH MITSUI & Co. Ltd Key Terms of the Non-Binding MOU* • Mitsui acquiring a 10%-12.5% interest in the Shakespeare Mine for a cash payment of C$8-$10 million • Formation of a JV arrangement • Mitsui would also acquire their pro-rata interest in the off-take from Shakespeare • MOU is