A Sudbury-Focused Base Metal Exploration & Development Company
Magna Mining was co-founded in 2016 by Jason Jessup, a 20-year veteran of the Sudbury mining district. In early 2017, Magna acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and a surrounding land package of over 180 km², much of which prospective for further nickel, copper and PGM discoveries. Shakespeare is situated 70 km to the South-West of the Sudbury Basin.
In 2022, Magna completed the acquisition of Lonmin Canada, the owner of the Crean Hill mine. Crean Hill is located on the South-West corner of the Sudbury Basin, and produced over 20 million tonnes of ore for Inco over an 80 year period until 2002. The location of the Shakespeare and Crean Hill properties, along with the location of select other mining and processing facilities in Sudbury are depicted in Figure 1.
Both the Shakespeare and Crean Hill mines have existing NI 43-101 compliant mineral resource estimates.
Location of the Shakespeare
& Crean Hill Properties
along with select other Sudbury mines and processing facilities.
Corporate Objectives
Both the Crean Hill and Shakespeare projects have outstanding exploration targets which we believe are highly prospective for new discoveries. The 2024 drill program includes both exciting new footwall exploration targets at Crean Hill, and new regional targets on the Shakespeare property.
The Crean Hill and Shakespeare mines are both advanced stages, past producing mines in Sudbury. In addition, both deposits are proximal to extensive existing infrastructure which minimizes the capital required for the start of production. Initial production through an advanced exploration permit at Crean Hill is expected in 2024.
Magna’s long-term objective is to combine our existing assets into one operation, utilizing a future processing plant at Shakespeare. Shakespeare has a significant strategic importance as the center of a further hub and spoke production model in Sudbury. Magna continues to pursue additional opportunities for the acquisition of Sudbury assets that can be integrated into our business model.
The Sudbury Mining District
The Sudbury region has arguably contributed more to mineral development in Canada than any other single location in the country. The geological prospectivity of the region and supporting infrastructure developed over the last 100 years mean that Sudbury has become one of the worlds most significant producers of Class 1 Nickel.