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Our Projects

Shakespeare

Shakespeare is a past-producing, feasibility stage NI-Cu-PGM project located 70km South-West of Sudbury. The project is easily accessible by road from the nearby Trans-Canada Highway, and has a strategically important location within trucking distance of milling and smelting capacity in the city. Shakespeare has an existing NI 43-101 compliant mineral resource estimate, and major permits in place for the construction of a 4,500 tpd mine, mill and tailings storage facility.

HIGHLIGHTS

Location

Sudbury, Canada

Stage

Development & Feasability Stage

Operation

Open Pit

Commodities

Ni, Cu, Co, Pt, Pd, Au

The Shakespeare Deposit

Feasability Study
NI 43-101 Technical Report, Shakespeare Project Feasibility Study (Effective Date: Jan 31, 2022, AGP Mining Consultants)

An Advanced Stage, De-risked Critical Mineral Project

Shakespeare is a feasibility stage, past-producing mine with the major permits in place for a 4,500 tonne per day mine, mill and tailings storage facility. Past production from the Shakespeare mine means that a significant amount is known about the metallurgy of the deposit and potential recoveries. Magna Mining also has an Impact Benefit Agreement in place with Sagamok Anishnawbek for the future development of the Shakespeare project.

Resources & Reserves

NI 43-101 compliant indicated open pit resource estimate of over 20 million tonnes. Estimated contained metal of over 120 million pounds of nickel and 130 million pounds of copper.*

SHAKESPEARE NI 43-101 Compliant Resource Estimate (Jan 2022)
OPEN PIT
Category Cut-off Grade Tonnes (Mt) Ni % Cu % Co % Pt g/t Pd g/t Au g/t NiEq %
Indicated 0.2% Ni Eq 16.51 0.34 0.36 0.02 0.33 0.36 0.19 0.56
UNDERGROUND
Category Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t NiEq %
Indicated 0.4% Ni Eq 3.83 0.31 0.36 0.02 0.3 0.32 0.19 0.53
Inferred 0.4% Ni Eq 2.36 0.33 0.4 0.02 0.34 0.37 0.2 0.57
TOTAL
Category Cut-off Grade Tonnes Ni % Cu % Co % Pt g/t Pd g/t Au g/t NiEq %
Indicated 0.2 / 0.4% Ni Eq 20.34 0.33 0.36 0.02 0.32 0.35 0.19 0.55
Inferred 0.4% Ni Eq 2.36 0.33 0.4 0.02 0.34 0.37 0.2 0.57
SHAKESPEARE NI 43-101 MINERAL RESOURCE ESTIMATE - CONTAINED METAL
OPEN PIT Cut-off Grade Category Tonnes (millions) Ni lbs (Millions) Cu lbs (Millions) Co lbs (Millions) Pt ozs (Thousands) Pd ozs (Thousands) Au ozs (Thousands)
0.2% NiEq Indicated 16.51 123.7 131 7.3 175.1 191.1 100.8
UNDERGROUND Cut-off Grade Category Tonnes (millions) Ni lbs (Millions) Cu lbs (Millions) Co lbs (Millions) Pt ozs (Thousands) Pd ozs (Thousands) Au ozs (Thousands)
0.4% NiEq Indicated 3.83 26.2 30.4 1.7 25.3 27.0 16.1
0.4% NiEq Inferred 2.36 17.1 20.8 1.0 17.7 19.2 10.4
SHAKESPEARE NI 43-101 Compliant Reserve Estimate (Jan 2022)
OPEN PIT
Category Cut-off Grade Tonnes (Mt) Ni % Cu % Co % Pt g/t Pd g/t Au g/t
Probable 0.23% Ni 11.87 0.33 0.35 0.02 0.32 0.36 0.18

Investor Presentation

Office

Magna Mining Inc.
1300 Kelly Lake Road
Sudbury, Ontario P3E 5P4
Canada

Investors
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