Magna Mining (NICU) 2025 Precious Metals Summit - Beaver Creek summary

Strategic growth and acquisitions

• Announced acquisition of eight Sudbury properties from KGHM International, marking a transformational expansion.

• Growth strategy based on production, exploration, and synergistic acquisitions of noncore assets in Sudbury.

• Multiple accretive acquisitions in Sudbury, with ongoing pursuit of additional projects to complement existing assets.

Operational updates and asset optimization

• Macready West copper mine is in production, with focus on expanding output and using cash flow to restart other operations.

• Several mines (Levac, Podolsky, Crane Hill) are on care and maintenance but fully permitted for quick restarts.

• Shakespeare project is an open pit nickel-copper-PGM project with feasibility and permits for mill and tailings facility.

• Business model leverages local processing infrastructure, selling ore to Vale or Glencore mills for low-cost ramp-up.

Exploration progress and resource development

• Macready West's 700 footwall copper zone is the current production focus, with significant indicated resources and exploration potential.

• Recent drilling at Macready West revealed high-grade copper and precious metals near surface, with plans to develop a new resource and mine plan by 2026.

• Levac Mine exploration targets another high-grade footwall deposit, with recent drilling confirming the potential of the R2 zone.

• Aggressive drilling planned at Levac, with both surface and underground rigs to define new targets.