Magna Mining – Multiple Intercepts Of High-Grade Results Returned From R2 Zone, And Future Development Pathway To Restart The Levack Mine

Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins me for an overall exploration and development update at the prior-producing Levack Mine, to map out what the pathway to restarting production would entail.   We also touch upon the coming TSX uplisting process, operations at McCreedy West, and how rising nickel prices factor into initiatives at their Projects located in Sudbury, Ontario, Canada.    We reviewed the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine.     Levack R2 Zone new assay results include:   -- MLV-26-14A W1 – returned 23.2% Cu, 5.6% Ni, 21.4 g/t Pt+Pd+Au, 225.0 g/t Ag over 2.4 metres, from 975.9 metres down hole,  And 10.7% Cu, 1.5% Ni, 14.7 g/t Pt+Pd+Au, 67.1 g/t Ag over 2.1 metres, from 1026.9 metres down hole Including, 29.6% Cu, 4.0% Ni, 32.4 g/t Pt+Pd+Au, 181.0 g/t Ag over 0.7 metres, from 1028.3 metres down hole                       -- FNX6083-W5 – returned 5.7% Cu, 13.7% Ni, 11.2 g/t Pt+Pd+Au, 28.0 g/t Ag over 0.4 metres, from 1117.7 metres down hole   The Company is planning to release a Preliminary Economic Assessment (“PEA”) for the Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during 2026.  At present those economics will not include the high-grade drilling completed to date at the R2 Footwall Zone. Jason highlights that a development drift is going to be implemented to support ongoing underground exploration of this area, for the potential of future implementation into development plans.   Next we discuss what the higher nickel prices seen recently could mean for the profitability of certain zones at both Levack and McCreedy West, if they persist.  This opens up a broader review of the mineralized variability seen in different areas of each underground mine and in the defined deposits.   Wrapping up we talk about the importance and value of their human capital, beyond just the mineralized inventory.   The company has staffed from around 28 employees to around 250 employees in just the last 2 years, and is excited about all the growth still on tap for expanding McCreedy West, developing Levack and Crean Hill, and even some regional exploration on projects like Kirkwood.     If you have questions for Jason regarding Magna Mining, then please email me at [email protected].   In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.    Click here to follow along with the news at Magna Mining   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.