Magna Mining (NICU) Corporate Presentation summary

Strategic growth pillars

• Focus on copper, nickel, and precious metals with production growth in Sudbury, a premier North American mining district.

• Current production from McCreedy West copper mine, with four additional permitted, past-producing mines in the pipeline.

• Emphasis on synergistic acquisitions and leveraging a proprietary database for exploration targets.

• Targeting deposits with operational synergies to existing mines and infrastructure.

• Staggered production start-ups and low capital costs to enable self-funded growth.

Asset portfolio and production pipeline

• Portfolio includes McCreedy West, Levack, Crean Hill, Podolsky, and Shakespeare, all with potential for new discoveries or resource extensions.

• Combined current resources: 935M lbs copper, 936M lbs nickel, 3.1M oz TPM (Pt+Pd+Au).

• All projects are brownfield or past-producing, providing a platform for significant production growth over the next five years.

• Production growth profile based on known resources, with upside from exploration.

Operational and financial highlights

• Q3 2025: 75,173 tons of ore produced at McCreedy West, up 7.3% from Q2, with average grades of 1.52% Cu, 0.21% Ni, and notable precious metals content.

• Underground development increased 24% over Q2; diamond drilling totaled 15,361 feet.

• H2 2025 guidance: 80,000–92,000 tons sold per quarter, copper equivalent grades of 2.9–4.4%, and payable pounds of 3,500–5,600k.

• Cash cost per copper equivalent pound: $5.25–$6.00 (Q3), $4.25–$5.00 (Q4); AISC: $6.75–$7.50 (Q3), $5.25–$6.10 (Q4).

• Cash position of C$27M and debt of C$24M as of Q2 2025, with a market capitalization of C$630M.