Interview with Jason Jessup, CEO of Magna Mining Inc.

Our previous interview: https://www.cruxinvestor.com/posts/magna-mining-tsxvnicu-test-mining-to-inform-ni-development-plans-3467

Recording date: 30th January 2024

Past Producer Positioned to Unlock Nickel Riches in Sudbury

Magna Mining is focused exclusively on reawakening nickel and copper production in the prolific Sudbury mining camp of Canada. As CEO Jason Jessup declared, "We're in one of the best locations to make big nickel copper PGM discoveries". The company boasts two assets with resource expansion upside and near-term production potential.

The first is the formerly producing Crean Hill mine containing over 30 million tons of resources grading 2% nickel equivalent. Magna sees strong potential to significantly expand this resource both adjacent to the old mine workings and in the surrounding footprint through ongoing exploration. A 25,000 meter drill campaign is underway targeting new high-grade discoveries.

Beyond exploration upside, Crean Hill also provides a clear pathway to restart production. Magna is securing permits to dewater the old tunnels and sell nickel-copper ore to local processors. This would generate early cash flow for the company while expanding resources to ultimately underpin larger-scale centralized production.

Magna's second key asset is the Shakespeare project just 40km away. Shakespeare has existing permits and a feasibility study for a 4,500 tonne per day open pit mining and milling operation. The company's vision is to ultimately combine both assets into a regional production hub wholly-owned by Magna.

For investors, Magna ticks all the boxes - world-class jurisdiction, exploration upside through the drill bit, near-term cash flow potential, and self-funded growth tracks. These attributes position the company strongly to benefit from the next cycle upswing in nickel markets. The beaten-down share price represents a compelling opportunity.

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View Magna Mining company profile: https://www.cruxinvestor.com/companies/magna-mining

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