Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (August 2023)
27 slides from Magna Mining's investor presentation, August 2023
Slide 1: North America's Next Nickel Producer
TSXV: NICU OTCQB: MGMNF NORTH AMERICA’S NEXT NICKEL PRODUCER August 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 reser
Slide 6: Magna Mining – Near Term Production Potential
MAGNA MINING – NEAR TERM PRODUCTION POTENTIAL SHAKESPEARE CREAN HILL ADVANCED, FEASIBILITY STAGE past ADVANCED, PEA STAGE STAGE producing project with major past producing project with closure permits in place plan in place 18 to 24 months from START OF PRODUCTION commencement of project 2024 via to
Slide 7: Crean Hill Mine
CREAN HILL MINE AMAGNA MINING INC,
Slide 8: 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 9: 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 10: Crean Hill – Recent High-Grade Intersections Not Well Represented in the MRE
CREAN HILL – RECENT HIGH-GRADE INTERSECTIONS NOT WELL RESPRESENTED IN THE MRE Sectional View of the 101 FW Zone Recent Drilling and Current Mineral Resource Model, Looking East (Resource Blocks and Drillhole Intersections coloured by Ni Eq) 2 2 1310
Slide 11: Crean Hill – Next Steps
CREAN HILL – NEXT STEPS OPPORTUNITIES FOR 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 in order to design a detailed Advanced Exploration (ADEX) plan under a low capex, high grade scenario. NEW RES
Slide 12: 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 13: The Hub – The Shakespeare Project
THE HUB – THE SHAKESPEARE PROJECT 2 13
Slide 14: 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 15: Shakespeare – Exploration Potential
SHAKESPEARE – EXPLORATION POTENTIAL New Geophysical Exploration Targets at Shakespeare SHAKESPEARE EXISTING RESOURCE 2023 EXPLORATION Shakespeare Regional Property Package TARGETS 15
Slide 16: Catalysts & Growth
C ATA LY S T S & G R O W T H • Crean Hill resource expansion, footwall exploration, & new discoveries (~11,000m to report before year end 2023). POTENTIAL HIGH-IMPACT EXPLORATION • A 3,000 to 5,000m drill program at Shakespeare, prioritizing high impact exploration targets (structural and geophysica
Slide 17: 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 18: Capital Structure
C A P I TA L S T R U C T U R E CURRENT CAPITAL STRUCTURE Issued & Outstanding 161,591,748 Management & Directors 13% Options & RSU’s 8,059,425 Warrants 1 36,695,491 Institutional Fully Diluted 206,346,664 Retail 53% 34% Cash ~$20M Share Price $0.64 Market Capitalization (Basic) C$105 million 1 Warra
Slide 19: Management
MANAGEMENT Jason Jessup, MBA Paul Fowler, CFA Ann-Marie Finney, MBA, David King, M.Sc., P.Geo. Dr. Mynyr Hoxha, CEO & Director Senior Vice President CFO Senior Vice President Ph.D, P.Geo, VP Exploration Paul is an experienced Mining Ann-Marie has over 25 years of David King is a registered Dr. Hoxha
Slide 20: 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) FEASI
Slide 21: Crean Hill – Past Producer with Future Potential
CREAN HILL – PAST PRODUCER WITH FUTURE POTENTIAL Crean Hill Mine, circa 1975, looking South-East HISTORY Past Producer (INCO) for over 80 years, with a cumulative 20Mt of ore mined. Mine put into closure in 2002 during low nickel prices Lonmin entered into an option agreement to acquire the mine in
Slide 22: 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 23: 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 24: 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 25: Crean Hill – Notes on Assumptions
CREAN HILL –NOTES ON ASSMPTIONS 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 ref
Slide 26: Crean Hill – Footwall Deposits
CREAN HILL – FOOTWALL DEPOSITS Massive Sulphides in holes MCR-22-003 & MCR-22-005 High Grade Structures Within Sudbury Breccia Recent interpretations indicate that FW zones are hosted in Sudbury breccias. Sharp-walled massive sulphide veins wrap around blocks of country rock with low sulphide, high
Slide 27: Resource Expansion Potential
CREAN HILL RESOURCE EXPANSION POTENTIAL E MCR-22-013 0.2 % Ni, 0.6% Cu, 11.0 g/t Pt+Pd+Au % Ni Equivalent MCR-22-005 4.0 % Ni, 0.7 % Cu, 0.7 g/t over 95.4m, Including 2.4 % Ni, 4.3 % Cu, 37.2 g/t Pt+Pd+Au over 5.1 m 0.3 – 0.75 Pt+Pd+Au over 31.1 m, Including 6.5 % Ni, 1.0 % Cu, 0.5 0.75 – 1.1 g/t Pt