Magna Mining Inc · TSX:NICU
Magna Mining — Investor Presentation (March 2024)
24 slides from Magna Mining's investor presentation, March 2024
Slide 1: North America's Next Nickel & Copper Producer
TSXV: NICU OTCQB: MGMNF NORTH AMERICA’S NEXT NICKEL & COPPER PRODUCER March 2024 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 Sudbury Advantage
T H E S U D B U R Y A D VA N TA G E OVER 100 YEARS OF MINING HISTORY LOW-COST ACCESS TO EXPLORATION AND DEVELOPMENT INFRASTRUCTURE & PROCESSING FACILITIES SOCIAL LICENSE TO OPERATE WORLD CLASS MINERAL ENDOWMENT 32
Slide 4: Sudbury – A Tier 1 Nickel District
SUDBURY – A TIER 1 NICKEL DISTRICT Sudbury is home to 9 of the 11 Historical production of 8 million tonnes The Sudbury bason has over critical mineral producing each of nickel and copper, 300 tonnes of 100 years of mining history and mines in Ontario. platinum and 100 tonnes of gold for an is domin
Slide 5: Magna Mining's Strategy
MAGNA MINING’S STRATEGY NEW DISCOVERIES NEAR TERM PRODUCTION 0 SYNERGISTIC ACQUISITIONS THROUGH EXPLORATION • Two advanced stage, past producing • Sudbury has precedent for the discovery of world class deposits in the footwall of • Long term goal to combine existing assets mines with potential for n
Slide 6: Crean Hill Mine
CREAN HILL MINE 7 7 62
Slide 7: Crean Hill – A Historic Mine with the Potential for World Class Discoveries
CREAN HILL – A HISTORIC MINE WITH THE POTENTIAL FOR WORLD CLASS DISCOVERIES PAST PRODUCING MINE, BROWNFIELD SITE • A past producing mine for INCO. • Short timelines to production re-start. • Proximity to existing infrastructure. SIGNIFICANT RESOURCE & LONG MINE LIFE CREAN HILL NI 43-101 MINERAL RESO
Slide 8: Crean Hill Resource Expansion Potential
CREAN HILL RESOURCE EXPANSION POTENTIAL 101 FW E 109 FW MCR-24-060 0.3 % Ni, 2% Cu, 8.6 g/t Pt+Pd+Au % Ni Equivalent over 14m, MCR-23-041 Including 1.1 % Ni, 8.3 % Cu, 0.3 – 0.75 3.0% Ni, 0.7% Cu, 1.2 13.9 g/t Pt+Pd+Au over 3 m Pt+Pd+Au over 31.6 m 0.75 – 1.1 MCR-23-013 1.1– 1.5 MCR-23-042 0.2 % Ni,
Slide 9: Pathway to Near Term Production
PATHWAY TO NEAR TERM PRODUCTION Crean InHill Critical Path Permitting Documents Place • Closure plan amendment filed March 2024, detailing plan for 400,000 tonnes from Advanced Exploration. Ore Selling Agreement Expected in Q1 / Q2 2024 • Production from surface bulk sample could begin upon finaliza
Slide 10: The Hub – The Shakespeare Project
THE HUB – THE SHAKESPEARE PROJECT 10
Slide 11: Shakespeare
SHAKESPEARE ADVANCED STAGE, DE-RISKED CRITICAL MINERAL PROJECT • A feasibility stage, past producing mine. • Major permits in place, known metallurgy. • Impact Benefit Agreement in place with First Nations . SHAKESPEARE NI 43-101 MINERAL RESOURCE ESTIMATE* LARGE EXISTING RESOURCE & Grade & Contained
Slide 12: An Integrated Long-Term Strategy
A N I N T E G R AT E D L O N G - T E R M S T R AT E G Y SHAKESPEARE MINE CREAN HILL MINE PEA outlines potential $280 million increase to post tax Capex of C$233m (Feasibility Study, Jan 2022). NPV (8%) if ore is processed through Shakespeare. SHAKESPEARE PROCESSING PLANT • 4,500 tpd processing plant
Slide 13: Near Term Catalysts
NEAR TERM CATALYSTS NEW DISCOVERIES NEAR TERM PRODUCTION 0 SYNERGISTIC ACQUISITIONS THROUGH EXPLORATION • Commencement of surface bulk • 6,000m drilling completed in Q1 sample, ore selling agreement and 2024, assays pending. • Material acquisitions targeted in Permit to Take Water (PTTW) in H1 2024.
Slide 14: A Uniquely Positioned Junior Company
A U N I Q U E LY P O S I T I O N E D J U N I O R C O M PA N Y WORLD CLASS EXPLORATION TARGETS ADVANCED STAGE PROJECTS WITH LOW CAPITAL COSTS & RAPID PATHS TO PRODUCTION ASSETS TECHNICALLY AND SOCIALLY DE-RISKED PROVEN OPERATIONAL & EXPLORATION EXPERTISE IN SUDBURY PATHWAY TO A MULTI-ASSET, HUB AND S
Slide 15: 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 www.magnamining.com
Slide 16: Capital Structure
C A P I TA L S T R U C T U R E CURRENT CAPITAL STRUCTURE Management & Directors 10% Issued & Outstanding 163,379,860 Institutional Retail ~53% ~37% Options & RSU’s 10,600,800 Warrants 1 36,695,491 Fully Diluted 210,676,151 TOP SHAREHOLDERS Dundee Corporation 21% Cash2 $15.5 million Hawkes Point LLC
Slide 17: Management
MANAGEMENT Jason Jessup, MBA Paul Fowler, CFA Ann-Marie Finney, MBA David King, M.Sc., P.Geo. Jeff Huffman, MBA, PMP CEO & Director Senior Vice President CFO Senior Vice President COO Jason has over 25 years of Paul is an experienced Mining Ann-Marie has over 25 years of David is a registered profes
Slide 18: 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 19: 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 20: Crean Hill Footwall Potential
CREAN HILL FOOTWALL POTENTIAL Increased Increased Cu% TPM g/t 109 FW 109 FW Defined to Defined to MCR-22-010 0.4% Ni, 0.5% Cu, 7.2 g/t 350m Level 350m Level Pt+Pd+Au over 98.3 m, Including 3.7 % Ni, 2.8 % Cu, 20.2 g/t Pt+Pd+Au over 7.1 m Footwall SIC Footwall MCR-23-013 0.2 % Ni, 0.6% Cu, 11.0 g/t P
Slide 21: Crean Hill Footwall Potential
CREAN HILL FOOTWALL POTENTIAL Crean Hill Creighton Mine Sudbury breccia and structure are important controls on the 126, 320, 400 and 461 orebodies Lightfoot, (2016) Example DDH intersections from Creighton: • 461 OB – 2.1% Ni, 5.7% Cu, 5.3 g/t TPM over 10m true width • 320 OB – 2.6% Ni, 4.6% Cu, 4.
Slide 22: 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 23: 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 24: Crean Hill – Notes on Assumptions
CREAN HILL –NOTES ON ASSUMPTIONS 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 re