Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (November 2025)
32 slides from Magna Mining's investor presentation, November 2025
Slide 1: Copper, Nickel & Precious Metal Production Growth in Sudbury
www.magnamining.com TSXV: NICU OTC: MGMNF c COPPER, NICKEL & PRECIOUS METAL PRODUCTION GROWTH IN SUDBURY, NORTH AMERICA’S PREMIER MINING DISTRICT November 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 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: 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 249,484,161 ~37% Options & RSUs 14,044.236 Warrants 0 Fully Diluted 263,528,397 Cash1 C$27 million SHAREHOLDER BASE Dundee Corporation 18.8% Management & Directors 6.8% Deb
Slide 6: Sudbury – A World Class Mining District
SUDBURY – A WORLD CLASS MINING DISTRICT ~200km to Timmins PODOLSKY 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 Massey ~400km to
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 Depths 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 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) 9
Slide 10: 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 ove
Slide 11: Levack Mine
LEVACK 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 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 No. 3 Ni-Cu
Slide 13: 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 Photo credits: Steve Clapp, Creati
Slide 14: 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 14
Slide 15: Levack Morrison Deposit – Rob's Zone Comparison
LEVACK MORRISON DEPOSIT – ROB'S ZONE COMPARISON 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 Zo
Slide 16: 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 17: 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 18: 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) 18
Slide 19: Podolsky Mine
PODOLSKY MINE Administration Building Security 2000 Deposit Shaft Waste Water Treatment Plant North Zone Portal 19
Slide 20: Upcoming Catalysts
UC UP PC OOMM I NI N GGCCAAT TAALLYYSSTTSS EXPLORATION RESULTS - LEVACK FOOTWALL TARGETS NI 43-101 MINE RESOURCE ESTIMATES - LEVACK NI 43-101 MINE RESERVES - McCREEDY WEST DRILLING AT McCREEDY - TARGETING HIGH PGM ZONES UPDIP OF EXISTING 700 FW CU ZONE GOVERNMENT FUNDING APPLICATIONS 20
Slide 21: 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 21
Slide 22: 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 23: 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 24: McCreedy West – Q3 2025 Summary
McCREEDY WEST – Q3 2025 SUMMARY Q3 2025 Operating Results July – September 2025 (“Q3”) was the second full quarter of production from the McCreedy West copper mine under Magna’s operation. During the quarter 75,173 tons of ore were produced from the 700 Footwall Copper Zone at an average grade1 of 1
Slide 25: 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 26: 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 27: Sudbury Geology – Impact Structure
SUDBURY GEOLOGY – IMPACT STRUCTURE Source: https://craterexplorer.ca/sudbury-impact-structure-geomorphology/ 27
Slide 28: Sudbury Geology – Composite Cross Section
SUDBURY GEOLOGY – COMPOSITE 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-type_fi
Slide 29: FNX Historical Share Price
FNX HISTORICAL SHARE PRICE Source: Bloomberg & Company Filings 29
Slide 30: Mineral Resource Estimates
MINERAL RESOURCE ESTIMATES • 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 Historic
Slide 31: Historical Resources
HISTORICAL RESOURCES Historical Resources1 Ni Cu Co Pt Pd Au Ag Property Deposit Type Tonnes (%) (%) (%) (gpt) (gpt) (gpt) (gpt) Measured and Indicated Levack Contact 4,112,000 2.12 1.14 0.07 Levack Footwall 546,000 0.78 0.64 0.02 0.64 0.81 0.1 1.97 Morrison Footwall 721,000 0.94 4.2 0.01 1.5 2.93 0
Slide 32: Notes on McCreedy West Resource Estimate and Historical Resources
NOTES ON McCREEDY WEST RESOURCE ESTIMATE AND HISTORICAL 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 min