Magna Mining Inc. (NICU)

CuEq intercept — MLV-26-41 at Levack

Announced 2026-06-22

Company

Magna Mining Inc.

Ticker

NICU

Property

Levack

Metal

CuEq

Hole ID

MLV-26-41

Interval

476.4–478.3 m

Width

1.9 m

Grade

2.94 %

Gram-metres

5.59 g·m

Value per tonne (live spot)

$481.80

Precious-metal value (nugget)

$218 (45% of value)

Residual value (net, est.)

$380

Jurisdiction

Ontario, Canada

Value per tonne is the gross in-situ rock value at today's spot prices, before recovery, mining, processing, royalties, or metallurgy — recomputed live on every page load. The nugget is the share of that value from precious metals (gold, silver, platinum, palladium, rhodium). Residual value estimates the net realizable value after recovery and operating cost — it assumes 90% recovery for precious metals, 85% for base metals, and $40/t operating cost; model your own assumptions in the calculator. Informational only; read the original NI 43-101 or JORC filing before drawing conclusions.