Magna Mining (NICU) Investor presentation summary

Strategic positioning and growth pillars

• Focused on copper, nickel, and precious metals production growth in Sudbury, leveraging over 100 years of mining infrastructure and government support.

• Growth strategy built on production, exploration, and synergistic acquisitions, with one producing mine and several permitted, past-producing assets.

• Portfolio includes McCreedy West (producing), Levack, Crean Hill, Podolsky, and other properties, all with potential for resource expansion.

• Vale, Glencore, and Magna are the only companies with significant property holdings in the Sudbury Basin.

Operational performance and guidance

• McCreedy West produced 84,953 tons of ore in Q4 2025 at 3.41% CuEq, generating 5.0M payable CuEq lbs and a $3.3M positive cash margin.

• FY 2025 production totaled 250,602 tons at 3.10% CuEq, with cash costs of US$3.08/lb and AISC of US$3.49/lb.

• 2026 guidance targets 355,000–375,000 tons at 3.2–3.5% CuEq, 16–18M lbs payable CuEq, and AISC of US$4.20–4.70/lb.

• Initial mineral reserve estimate at McCreedy West supports a 3-year production profile; additional resources include 5.6M tonnes Indicated and 0.9M tonnes Inferred.

Project pipeline and exploration

• Levack Mine re-start preparations are underway, with a PEA evaluating mining via shaft and ramp expected in Q3 2026.

• Levack’s 2025 resource estimate outlines significant nickel-copper and copper-PGE footwall deposits; ongoing exploration targets high-grade zones like R2.

• Crean Hill PEA outlines a 13-year, 2,200 tpd underground operation with a pre-tax NPV of $265M and IRR of 142%, and a PFS is due in Q3 2026.

• Podolsky Mine has a permitted ramp near the North Zone, with high-grade historical intercepts and bulk sample potential.