Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (May 2023)
20 slides from Magna Mining's investor presentation, May 2023
Slide 1: North America's Next Nickel Producer
NORTH AMERICA’S NEXT NICKEL PRODUCER TSXV: NICU May 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 Growth Strategy
THE GROWTH STRATEGY LOW-COST HIGH IMPACT SYNERGISTIC DEVELOPMENT EXPLORATION ACQUISITIONS Shakespeare: A feasibility stage project Multiple high impact exploration targets A Sudbury focused acquisition strategy with permits for a 4,500 tpd mine & mill • Potential Shakespeare depth and strike • Conti
Slide 4: A Sudbury Hub & Spoke Production Model
A SUDBURY HUB & SPOKE PRODUCTION MODEL 42
Slide 5: The Hub & Spoke Model
THE HUB & SPOKE MODEL SHAKESPEARE MINE CREAN HILL MINE • Past producing Ni / Cu / PGM mine. • Indicated NI 43-101 resource of > 30M t (August 2022) • 20.34 MT Indicated global resource. • 16.8 Mt open pit @ 1.08 Ni Eq • Feasibility stage project based on 11.8 Mt reserve. • 14.5 Mt underground @ 2.07
Slide 6: 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 7: Shakespeare – Exploration Potential
SHAKESPEARE – 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 Shell Pseudotachylite Breccia
Slide 8: 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 9: 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 10: 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 11: Crean Hill 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
Slide 12: Catalysts & Growth
C ATA LY S T S & G R O W T H The 15,000 to 18,000m drill program at Crean Hill in 2023 will be targeting: FULLY FUNDED 2023 • Crean Hill resource expansion. EXPLORATION PROGRAM & • Crean Hill Footwall exploration, targeting new discoveries. YEAR-ROUND DRILLING • A 3,000 to 5,000m drill program at Sh
Slide 13: A Unique Battery Metals Investment Opportunity
A U N I Q U E BAT T E RY M E TA L S I N V EST M E N T O P P O RT U N I T Y • TWO PAST PRODUCING, ADVANCED STAGE ASSETS with short timelines to production in and significant potential future synergies in North America’s pre-eminent nickel producing region. STRATEGIC ASSETS, WORLD CLASS LOCATION • A N
Slide 14: 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 15: Capital Structure
C A P I TA L S T R U C T U R E CURRENT CAPITAL STRUCTURE Issued & Outstanding 1 161,294,039 Management & Directors 13% Options & RSU’s 6,943,625 Warrants 2 36,993,200 Institutional Fully Diluted 205,230,864 Retail 53% 34% Cash >$20M Share Price $0.90 Market Capitalization C$145 million 1 Including n
Slide 16: 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 17: 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 Carl D e L u c a , Di rec to r Vern has +30 years of experience in the mining sector. He is currently the Carl was the Chief Legal Counsel for Detour Gold until the take over by KL Gold. CEO of Jaguar Minin
Slide 18: 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 19: 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 20: 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