Magna Mining (NICU) investor relations material

Strategic positioning and growth pillars

• Operates in Sudbury, a premier North American mining district with over 100 years of infrastructure and government support.

• Focuses on copper, nickel, and precious metals, with a pipeline of low-capex, brownfield, or past-producing assets.

• Growth strategy centers on production, exploration, and synergistic acquisitions targeting assets with operational synergies.

• Holds significant property positions alongside Vale and Glencore in the Sudbury Basin.

• Core values emphasize safety, integrity, excellence, and entrepreneurial ownership.

Operational performance and production pipeline

• McCreedy West Mine produced 8.6M CuEq payable lbs in H1 2026, on track for 16–18M CuEq lbs for the year.

• Achieved record Q2 2026 cash margin of $8.9M and free cash flow of $5.1M, with declining production costs.

• Levack Mine re-start preparations are underway, with a PEA due in Q3 2026 and ongoing exploration at the R2 Footwall Zone.

• Crean Hill Mine PEA outlines a 13-year, 2,200 tpd operation with a pre-tax NPV of $265M and IRR of 142%.

• All projects have potential for new discoveries or resource extensions, supporting multi-year growth.

Resource base and exploration highlights

• Combined measured and indicated resources: 805M lbs copper, 875M lbs nickel, 2.7M oz precious metals.

• McCreedy West and Levack have robust mineral reserves and resources, with recent drilling expanding high-grade zones.

• R2 Footwall Zone at Levack shows high-grade copper and PGE intersections, remaining open for expansion.

• Crean Hill resource: 18.4Mt indicated at 0.87% Cu, 1.01% Ni, and 1.96% NiEq; PFS underway for Q3 2026.

• Podolsky and Kirkwood historical resources add further upside potential.