Summary of Magna Mining Conference Call Company Overview - **Company**: Magna Mining (OTCPK:MGMN.F) - **Industry**: Mining, specifically focused on nickel and copper in the Sudbury area Key Points and Arguments 1. **Acquisition of Properties**: Magna Mining announced a definitive agreement to acquire eight properties in Sudbury from KGHM International, marking a transformational deal for the company [2] 2. **Growth Strategy**: The company’s growth is based on three pillars: production, exploration, and synergistic acquisitions of noncore assets in Sudbury [3] 3. **Current Operations**: The Macready West copper mine is currently producing, with plans to use cash flow from this operation to build and restart other owned operations in Sudbury [3][4] 4. **Exploration Potential**: Significant exploration potential exists on acquired properties, with a focus on high-grade copper discoveries [4] 5. **Infrastructure Advantage**: Sudbury has extensive mining infrastructure, including processing plants and smelters, which provides a strategic advantage for Magna Mining [5][6] 6. **Turnkey Restart Projects**: Several mines, including Levac and Podolsky, are on care and maintenance but are fully permitted for quick restarts [7][8] 7. **Revenue Focus**: Currently, about 70% of revenues are derived from copper, with plans to turn on nickel production when market conditions are favorable [11] 8. **Resource Estimates**: The 700 complex has an indicated resource of approximately 5.2 million tonnes, with grades of 0.7% nickel, just under 2% copper, and 2.5 grams of precious metals [12] 9. **Investment in Development**: The company is investing $10 million in underground development to open new mining areas and ensure long-term operational flexibility [13] 10. **Exploration at Levac Mine**: The Levac Mine has a historic resource and is being explored for high-grade deposits similar to the Morrison Deposit, with recent drilling showing promising results [14][18] 11. **Capital Structure**: As of June 30, the company had $27 million in the bank and announced a $45 million life offering to fund aggressive drilling programs [24][25] 12. **Upcoming Catalysts**: Future catalysts include drilling results from Levac, resource estimates for multiple properties, and potential government support for critical mineral strategies [26][27] Additional Important Information - **Shareholder Support**: The company has attracted supportive shareholders, including Dundee Corp, which has been instrumental in its growth [25] - **Government Recognition**: Magna Mining has been recognized as a priority company for the critical mineral strategy by the Ontario provincial government, which may facilitate quicker restarts of operations [27]

Excellon Resources Mobilizes Contractor and Commences Rehabilitation at Mallay Silver Mine, Peru July 21, 2025 7:00 AM EDT | Source: Excellon Resources Inc. Completion of NI 43-101 Mineral Resource Estimate (In Progress): Finalize updated resource estimate model for the Mallay Mine, incorporating historical data and current metal price assumptions. This work is underway and expected to be completed by late August 2025. Completion of Mine Rehabilitation (In Progress): Continue rehabilitation of critical unde ...