Magna Mining Inc. (NICU)

Mineral resource estimate

NI 43-101 mineral resource, as disclosed by the company · 3 deposits

Mineral resource estimate as disclosed by the company in its NI 43-101 technical report(s), shown by deposit. Categories are reported separately by confidence and are not additive; where both Measured and Indicated are reported, the combined “Measured and Indicated” subtotal is omitted to avoid double-reading. It cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Verify against the source report before drawing conclusions.

Project economics

Preliminary economic assessment (PEA) · effective 2024-04-14

NPV

CA$194,100,000 @ 8% discount (after-tax)

IRR

129% (after-tax)

Initial capex

CA$27,700,000

Payback

1.5 years

Mine life

13.5 years

Throughput

2,200 t/d

Annual production

2,200 t/d

Price assumptions

US$8.50/lb Ni

As disclosed by the company in its NI 43-101 technical report (effective 2024-04-14). Economic-study estimates are forward-looking and subject to the assumptions and risks in the original report; verify against the filing before drawing conclusions.

Recent financings

• private placementCA$140,000,000@ 2.25/unitsource →

Latest insider transaction

50,000 shares ($25,000) on 2026-05-28.

Recent news

Latest coverage: 9 days ago

• Magna Mining Reports Operating and Financial Results for the Second Quarter of 2026quotemedia_globe_newswire · 2026-08-12
• Magna Mining Inc. (NICU) Opens the Marketquotemedia_newsfile · 2026-07-20
• Magna Mining Announces C$140 Million Strategic Investment by Alpayanaquotemedia_globe_newswire · 2026-07-06

Community

User-generated discussion. Not investment advice — verify claims against source filings.