Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (September 2025)
27 slides from Magna Mining's investor presentation, September 2025
Slide 1: Copper, Nickel & Precious Metal Production Growth in North America's Premier Mining District
TSXV: NICU www.magnamining.com OTC: MGMNF c COPPER, NICKEL & PRECIOUS METAL PRODUCTION GROWTH IN NORTH AMERICA’S PREMIER MINING DISTRICT September 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 PRODUCTION INFRASTRUCTURE & PROCESSING FACILITIES LOW-COST ACCESS TO EXPLORATION AND DEVELOPMENT SOCIAL LICENSE TO OPERATE WORLD CLASS MINERAL ENDOWMENT
Slide 4: Magna Mining – Pillars of Growth
MAGNA MINING – PILLARS OF GROWTH PRODUCTION SYNERGISTIC EXPLORATION 0 ACQUISITIONS • Currently one producing copper mine • Experienced Sudbury exploration team • Track record of acquiring accretive (McCreedy West) projects in Sudbury • Track record of making significant • Four permitted, past produc
Slide 5: Sudbury – A World Class Mining District
SUDBURY – A WORLD CLASS MINING DISTRICT RAND PARKIN NORTHWEST FOY NORTH RANGE PODOLSKY FROST LAKE LEVACK BLEZARD Glencore Strathcona Mill KIRKWOOD McCREEDY WEST Glencore Falconbridge Smelter Azilda FALCONBRIDGE FOOTWALL TRILL Vale Clarabelle Mill Callum Vale Copper Cliff Smelter SHAKESPEARE City of
Slide 6: Combined Resources
COMBINED RESOURCES • 780 million lbs of copper Total Contained Metal in NI 43-101 • 742 million lbs of nickel Compliant Resources • 2.6 million ounces of precious metals (Pt, Pd + Au) • 2.8 billion lbs of copper equivalent (Cu Eq) Additional Contained Metal in • 270 million pounds copper • 337 milli
Slide 7: 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 8: Magna's Focus for 2025
MAGNA'S FOCUS FOR 2025 • Optimizing systems for efficiency, reliability and productivity OPTIMIZE McCREEDY WEST • Develop a mine plan driven by high grade copper mining, with optionality for nickel mining FOR CASH FLOW & SUSTAINABLE PRODUCTION • Production ramp up will focus on prioritising and incr
Slide 9: McCreedy West
McCREEDY WEST Administrative Complex Security Ore Sorter Crusher, Sample Tower, Shipping Portal McCreedy West Underground Mineral Resource Estimate, Dec 31, 20231 Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t Ag g/t Ni Eq % NiEq (%) c Indicated 1.10 9,345,000 0.89 1.30 0.024 0.96 1.10 0.4
Slide 10: McCreedy West – Q1 2025 Summary
McCREEDY WEST – Q1 2025 SUMMARY Q1 2025 Operating and Financial Results The quarter included one month of production. March was Magna’s first month of production at McCreedy West following the closure of the acquisition on February 28th. Production of 790,000 lbs of copper equivalent1 (CuEq) in Marc
Slide 11: McCreedy West – Focus
McCREEDY WEST - FOCUS People & Equipment Culture New site leadership, clarity on roles Focussed on replacing aged prime & responsibilities, shift schedule, movers (haul trucks &LHDs), 2-year giving back autonomy & assigning plan to replace majority of fleet accountability while reducing the size of
Slide 12: McCreedy West
McCREEDY WEST 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)
Slide 13: 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 ov
Slide 14: McCreedy West – Levack Footwall Exploration Potential
McCREEDY WEST - LEVACK FOOTWALL EXPLORATION POTENTIAL FNX30678 30.3% Cu, 4.0 g/t Pt+Pd+Au over 0.6 m 700 Cu Zone PM Zone Morrison Deposit (Levack footwall) FNX20578 FNX7150 14.3% Cu, 3.4% Ni, 4.0% Ni, 3.1% Cu, 23.5 g/t Pt+Pd+Au over 1.7 m 31.4 g/t Pt+Pd+Au over 1.9 m McCreedy is connected to Levack
Slide 15: Levack Mine
LEVACK MINE Administration Security Levack #2 Shaft Building Vale Proposed Portal Coleman Mine Backfill Plant Glencore Onaping Depth Project
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: Levack – Keel Zone Exploration
LEVACK – KEEL ZONE EXPLORATION Keel Zone, Oblique View Location of Keel Zone, Levack Mine MLV 25-01W1 85710 Keel 14.5% Cu, 1.0% Ni, 31.0% Cu, 0.3% Ni, 8.4 g/t Pt+Pd+Au over 1.9 m 12.4 g/t TPM over 1.4m FNX6038 28.9% Cu, 0.1% Ni, 7.6 g/t TPM over 1m Under Explored Under- Explored Morrison MLV 25-01 2
Slide 18: 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 210,940,058 ~37% Options & RSU’s 12,783,768 Warrants 1 17,994,503 Fully Diluted 241,718,329 TOP SHAREHOLDERS Cash2 C$27 million Dundee Corporation 21.5% Hawkes Point LLC 10.
Slide 19: Upcoming Catalysts
UC UP PC OOMM I NI N GGCCAAT TAALLYYSSTTSS NEAR TERM LEVACK EXPLORATION RESULTS – FOOTWALL TARGETS LEVACK – NEW NI 43-101 RESOURCE AND RESERVE UPDATES DRILLING AT MCCREEDY – TARGETTING HIGH PGM ZONES UPDIP OF EXISTING 700 ZONE GOVERNMENT FUNDING APPLICATIONS
Slide 20: Mining for Our Future
MINING FOR OUR FUTURE TSXV: NICU OTCQX: MGMNF Jason Jessup, CEO Paul Fowler, Senior Vice President www.magnamining.com Jason.Jessup@magnamining.com Paul.Fowler@magnamining.com
Slide 21: Management
MANAGEMENT Jason Jessup, MBA - CEO & 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 Vice President Paul
Slide 22: 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 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 Preside
Slide 23: 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. 23 Photo credits: Steve Clapp, Cr
Slide 24: Levack – Footwall Exploration Potential
LEVACK – FOOTWALL EXPLORATION POTENTIAL 24
Slide 25: KGHM Acquisition - Mineral Resources
KGHM ACQUISITION - MINERAL RESOURCES NI 43-101 MINERAL RESOURCE ESTMATE McCreedy West Underground Mineral Resource Estimate, Dec 31, 20231 Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t Ag g/t Ni Eq % NiEq (%) Indicated 1.10 9,345,000 0.89 1.30 0.024 0.96 1.10 0.45 5.28 2.02 Inferred 1.10
Slide 26: McCreedy West Mineral Resources
McCREEDY WEST MINERAL RESOURCES MCCREEDY WEST NI 43-101 MINERAL RESOURCE ESTIMATE BY ZONE 1 700 Zone Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t Ag g/t NiEq % NiEq (%) Indicated 1.1 5,230,000 0.7 1.92 0.014 1.08 1.17 0.57 6.48 2.16 Inferred 1.1 63,000 1.63 1.23 0.04 0.4 0.43 0.1 0.82 2.
Slide 27: Notes on McCreedy West and Historical Mineral Resources
NOTES ON McCREEDY WEST AND HISTORICAL MINERAL 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 mine out mode
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