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 |