Magna Mining Reports Mineral Resource Estimate for the Levack Mine in Sudbury, Ontario

Core Insights - Magna Mining Inc. has announced a significant Mineral Resource Estimate (MRE) for the Levack Mine, confirming substantial mineralization that can be accessed using existing infrastructure [1][2][4] - The MRE includes over 5.9 million tonnes of contact-type mineralization in the Indicated category and 178,000 tonnes of high-grade mineralization at the Morrison Footwall Cu-PGE deposit [2][4] - The company plans to use the MRE to complete a Preliminary Economic Assessment (PEA) aimed at restarting production and exploring further mineralization [2][6] Mineral Resource Estimate Highlights - The Levack Mine MRE includes 6.1 million tonnes in the Indicated category at 3.5% copper equivalent (CuEq) and 5.2 million tonnes in the Inferred category at 3.6% CuEq [4][9] - High-grade footwall-type deposits contain 368,000 tonnes in the Inferred category at 9.4% CuEq, with the Morrison Footwall Cu-PGE deposit grading 15.5% CuEq [4][10] - The No. 3 Footwall deposit is noted for its rich precious metals content, with significant potential for ongoing exploration [4][10] Future Plans and Developments - The company is preparing to award a contract for the PEA, which will evaluate the potential for accessing shallow deposits and restarting production from the Morrison Footwall Cu-PGE deposit [2][6] - A contractor has been engaged to develop the scope of work for re-establishing hoisting capabilities, with work expected to begin in early 2026 [2][6] - The Levack Mine is positioned as the flagship project for the company, with exploration efforts focused on new copper-precious metals deposits in the footwall environment [5][6]