Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario

Core Viewpoint - Magna Mining Inc. has announced the initial Mineral Reserves for the McCreedy West Mine, marking a significant milestone for the company and indicating a three-year production profile based on the reserves [1][3]. Mineral Reserves Summary - The 2026 Mineral Reserve estimate is effective as of December 31, 2025, comprising a total of 987,000 tonnes with a grade of 1.59% Cu, 0.32% Ni, 0.01% Co, 1.15 g/t Pt, 1.23 g/t Pd, 0.32 g/t Au, and 6.65 g/t Ag [3][4]. - The reserves are located within the 700 Copper and PM Copper-PGE Zones, consisting of structural-controlled, chalcopyrite-rich veins [3][4]. - The mining method employed is long hole stoping with unconsolidated rock backfill, designed with a minimum mining width of 5 feet (1.52 meters) [3][4]. Production Profile - The Mineral Reserve estimate supports a three-year production profile for the 700/PM Copper Zones, based on similar production rates outlined in the company's 2026 guidance [3][4]. - The Intermain Nickel Zone is not included in the Mineral Reserve estimate but is part of the Mineral Resource estimate [3][4]. Mineral Resource Summary - Indicated Mineral Resources are estimated at 5,632,000 tonnes with a grade of 1.10% Cu, 0.98% Ni, 0.03% Co, 0.82 g/t Pt, 0.92 g/t Pd, 0.23 g/t Au, and 5.15 g/t Ag [6]. - Inferred Mineral Resources are estimated at 874,000 tonnes with a grade of 1.37% Cu, 1.00% Ni, 0.02% Co, 1.26 g/t Pt, 1.24 g/t Pd, 0.26 g/t Au, and 4.12 g/t Ag [6]. Technical and Financial Aspects - The Mineral Reserve estimate was prepared under the supervision of qualified professionals and is based on metal prices of $7.72/lb Ni, $4.88/lb Cu, $18.12/lb Co, $1,410/oz Pt, $1,156/oz Pd, $3,815/oz Au, and $50/oz Ag [11][14]. - A cut-off grade of CAD$180.00 per short ton was applied, considering sustaining development and operating costs [3][11]. Company Overview - Magna Mining Inc. is a producing mining company with a focus on copper, nickel, and Platinum Group Metals (PGM) assets in the Sudbury mining district of Ontario, Canada [18][19]. - The company aims to unlock long-term shareholder value through continued production, exploration, and development opportunities across its asset base [19].