Magna Mining (NICU) investor relations material

Strategic positioning and portfolio

• Sudbury-focused strategy targets multi-asset copper, nickel and precious-metals production, using district infrastructure, processing facilities and a proprietary exploration database.

• Portfolio spans producing McCreedy West and permitted, past-producing projects including Levack, Crean Hill, Podolsky and Shakespeare; Shakespeare is permitted for a 4,500 tpd mill.

• NI 43-101 resources total 50.52 Mt measured and indicated, containing 2.6 billion lbs CuEq, 875 million lbs nickel, 805 million lbs copper and 2.7 million oz precious metals.

McCreedy West production

• H1 2026 payable production reached 8.6 million CuEq lbs; 180,742 tons shipped, including record Q2 tonnage of 98,446 tons.

• H1 cash costs were US$3.63/CuEq lb and AISC US$4.39/CuEq lb; Q2 production cost fell 6.9% QoQ to $199/ton processed.

• Q2 2026 generated record positive cash margin of $8.9 million and free cash flow of $5.1 million.

• FY 2026 guidance: 16.0–18.0 million payable CuEq lbs, 3.2%–3.5% CuEq grade, and 355,000–375,000 short tons of 700 Copper Zone ore sales.

Levack exploration and restart

• Levack restart preparations are underway, with underground rehabilitation and development providing drilling access; the 3900 Level ramp connection to 3600 Level is complete.

• R2 Footwall Zone mineralization spans ~300 m vertically and ~150 m north-south, and remains open up dip and at depth toward the Morrison deposit, 600 m southwest.

• Exploration is ongoing with two surface and two underground drill rigs; underground drilling at R2 is underway from the 8451 Drill Bay and the Morrison AdEx ramp.

• Levack PEA completion and a production restart decision were targeted for Fall 2026.