# Magna Mining Reports Mineral Resource Estimate for the Levack Mine in Sudbury, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e Original source: https://money.tmx.com/en/quote/NICU/news/8400007207556821/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on Publisher: tmx Original announcement: 2025-11-18T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Magna Mining Inc. - Ticker: NICU - Exchange: TSX - Region: Sudbury, Ontario, Canada - Primary commodity: Copper - Secondary commodities: Nickel, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update - Extracted: 2026-09-14 15:20:22 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Magna Mining Inc. has announced its initial NI 43-101 compliant Mineral Resource Estimate for the past-producing Levack Mine in Sudbury, Ontario, effective August 31, 2025. The estimate includes 6.1 million tonnes in the Indicated category at 3.5% CuEq and 5.2 million tonnes in the Inferred category at 3.6% CuEq. The company plans to use this MRE as the basis for a Preliminary Economic Assessment \(PEA\) and is advancing towards a potential production restart. Reasoning: Magna Mining's initial Mineral Resource Estimate for the Levack Mine confirms significant mineralization, including high-grade footwall deposits and substantial contact-type mineralization, which will serve as the basis for a Preliminary Economic Assessment and potential production restart, indicating strong positive progress for the project. - Positive factor: Maiden resource estimate for the Levack Mine - Positive factor: Significant Indicated and Inferred resources established - Positive factor: High-grade footwall deposits identified, including Morrison and No.3 FW - Positive factor: Resource forms the basis for a Preliminary Economic Assessment \(PEA\) - Positive factor: NI 43-101 compliant and signed off by a Qualified Person - Positive factor: Existing infrastructure can be utilized for potential production restart - Positive factor: Potential for resource expansion at depth and in other footwall areas - Negative factor: Contained metal not explicitly disclosed in the tables or prose Facts used in scoring: 196 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 196. Some facts used in scoring do not have a stored record. ## Resource Estimates (196) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-0) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.89 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows a substantial tonnage with a good copper grade, contributing significantly to the overall maiden MRE. - Positive factor: Significant indicated tonnage for contact deposit - Positive factor: Good copper grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.89 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-1) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 1.41 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows a substantial tonnage with a good nickel grade, contributing significantly to the overall maiden MRE. - Positive factor: Significant indicated tonnage for contact deposit - Positive factor: Good nickel grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.41 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-2) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.05 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Contact deposit, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.05 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-3) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.46 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the indicated resource for the Contact deposit, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.46 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-4) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.56 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the indicated resource for the Contact deposit, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.56 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-5) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.07 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the indicated resource for the Contact deposit, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.07 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-6) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f1e42cf527b22d1003d0 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 5928000 - Grade: 0.99 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.18 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the indicated resource for the Contact deposit, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.99 Context: 5,928,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-7) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 9.06 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.06 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-8) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 2.37 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high nickel grade, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.37 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-9) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Footwall deposit, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-10) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 3.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high platinum grade at a 2.50% CuEq cut-off, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.60 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-11) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 6.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high palladium grade at a 2.50% CuEq cut-off, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.58 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-12) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 1.56 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a good gold grade at a 2.50% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.56 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-13) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dbf4cee7285d11d9475a - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 34.15 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high silver grade at a 2.50% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 34.15 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-14) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 1.13 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The total indicated resource for the Levack Mine shows significant tonnage with a good overall copper grade, representing a strong foundation for the maiden MRE. - Positive factor: Significant total indicated tonnage - Positive factor: Good overall copper grade - Positive factor: Maiden resource estimate Evidence · table > 1.13 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-15) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 1.44 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The total indicated resource for the Levack Mine shows significant tonnage with a good overall nickel grade, contributing to the strong foundation of the maiden MRE. - Positive factor: Significant total indicated tonnage - Positive factor: Good overall nickel grade - Positive factor: Maiden resource estimate Evidence · table > 1.44 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-16) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the total indicated resource for the Levack Mine, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in total indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.04 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-17) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 0.56 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the total indicated resource for the Levack Mine, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct in total indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.56 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-18) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 0.74 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the total indicated resource for the Levack Mine, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct in total indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.74 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-19) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 0.11 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the total indicated resource for the Levack Mine, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct in total indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.11 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-20) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:77837a33c1c5fa4d35b9 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 6106000 - Grade: 1.95 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.54 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the total indicated resource for the Levack Mine, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct in total indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.95 Context: 6,106,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-21) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.87 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.87 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-22) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 1.46 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good nickel grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good nickel grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.46 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-23) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the Contact deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.04 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-24) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.39 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the inferred resource for the Contact deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Platinum present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.39 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-25) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.4 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the inferred resource for the Contact deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Palladium present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.40 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-26) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.05 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the inferred resource for the Contact deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Gold present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.05 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-27) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:30167a6c86aad3bf1c5b - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 4797000 - Grade: 0.68 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.15 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the inferred resource for the Contact deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Silver present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.68 Context: 4,797,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-28) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 5.42 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.42 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-29) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a good nickel grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good nickel grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.75 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-30) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the Footwall deposit, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-31) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 2.91 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high platinum grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High platinum grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.91 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-32) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 5.4 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a very high palladium grade, significantly boosting the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Very high palladium grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.40 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-33) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 1.53 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a good gold grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good gold grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.53 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-34) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b4ce2178132e97a8d467 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 21 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high silver grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High silver grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 21.00 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-35) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 1.19 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The total inferred resource for the Levack Mine shows significant tonnage with a good overall copper grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant total inferred tonnage - Positive factor: Good overall copper grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.19 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-36) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 1.41 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The total inferred resource for the Levack Mine shows significant tonnage with a good overall nickel grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant total inferred tonnage - Positive factor: Good overall nickel grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.41 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-37) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the total inferred resource for the Levack Mine, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in total inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.04 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-38) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 0.57 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the total inferred resource for the Levack Mine, but its classification as inferred indicates lower geological confidence. - Positive factor: Platinum present as a byproduct in total inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.57 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-39) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 0.76 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the total inferred resource for the Levack Mine, but its classification as inferred indicates lower geological confidence. - Positive factor: Palladium present as a byproduct in total inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.76 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-40) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 0.16 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the total inferred resource for the Levack Mine, but its classification as inferred indicates lower geological confidence. - Positive factor: Gold present as a byproduct in total inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.16 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-41) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1d2f59f71ca5fc60c9b6 - Deposit or zone: Total - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5165000 - Grade: 2.13 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.59 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the total inferred resource for the Levack Mine, but its classification as inferred indicates lower geological confidence. - Positive factor: Silver present as a byproduct in total inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.13 Context: 5,165,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-42) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 9.06 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.06 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-43) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 2.37 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a high nickel grade, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.37 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-44) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Morrison Footwall zone, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource in Morrison zone - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-45) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 3.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a high platinum grade, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.60 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-46) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 6.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a very high palladium grade, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.58 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-47) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 1.56 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a good gold grade, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.56 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-48) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:a3fc5853f82c7e619f4c - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 34.15 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Morrison Footwall zone shows a high silver grade, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource in Morrison zone - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 34.15 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-49) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 4.36 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Keel Footwall zone shows a good copper grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good copper grade for inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 4.36 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-50) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 0.48 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Nickel is present as a byproduct in the inferred resource for the Keel Footwall zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Nickel present as a byproduct in inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.48 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-51) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the Keel Footwall zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-52) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 1.41 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the inferred resource for the Keel Footwall zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Platinum present as a byproduct in inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.41 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-53) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 1.88 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the inferred resource for the Keel Footwall zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Palladium present as a byproduct in inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.88 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-54) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 1.1 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Keel Footwall zone shows a good gold grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good gold grade for inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.10 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-55) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:1125f4c2bedeb8c56fd5 - Deposit or zone: Keel - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 208000 - Grade: 17.74 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 6.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Keel Footwall zone shows a high silver grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High silver grade for inferred resource in Keel zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 17.74 Context: 208,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-56) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 8.83 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a very high copper grade and CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: Very high copper grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 8.83 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-57) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 1.47 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a high nickel grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High nickel grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.47 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-58) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the Morrison Footwall zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in inferred resource in Morrison zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-59) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 2.16 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a high platinum grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High platinum grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.16 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-60) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 4.87 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a very high palladium grade, significantly boosting the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Very high palladium grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 4.87 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-61) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 1.2 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a good gold grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good gold grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.20 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-62) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:6e68d6be0f692c04284d - Deposit or zone: Morrison - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 85000 - Grade: 20.67 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 12.88 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Morrison Footwall zone shows a high silver grade, contributing to the overall high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: High silver grade for inferred resource in Morrison zone - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 20.67 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-63) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 4.49 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows a high copper grade and very high CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: High copper grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 4.49 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-64) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 0.68 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows a good nickel grade, contributing to the overall very high CuEq grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Good nickel grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.68 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-65) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the No.3 FW zone, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct in inferred resource in No.3 FW zone - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-66) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 7.86 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows an exceptional platinum grade and very high CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: Exceptional platinum grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 7.86 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-67) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 15.66 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows an exceptional palladium grade and very high CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: Exceptional palladium grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 15.66 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-68) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 3.08 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows a strong gold grade and very high CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: Strong gold grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 3.08 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-69) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:ad8637e5c6a59eecf3d6 - Deposit or zone: No.3 FW - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 76000 - Grade: 30.32 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 13.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the No.3 FW zone shows a high silver grade and very high CuEq, indicating significant economic potential, but its classification as inferred indicates lower geological confidence. - Positive factor: High silver grade for inferred resource in No.3 FW zone - Positive factor: Very high CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 30.32 Context: 76,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-70) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage at a lower cut-off grade, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.75 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-71) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 1.2 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage with good nickel grade at a lower cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.20 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-72) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Contact deposit at a lower cut-off grade, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.04 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-73) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.4 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the indicated resource for the Contact deposit at a lower cut-off grade, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.40 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-74) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.49 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the indicated resource for the Contact deposit at a lower cut-off grade, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.49 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-75) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.06 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the indicated resource for the Contact deposit at a lower cut-off grade, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.06 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-76) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9b1901913513da5e3ad3 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 8861000 - Grade: 0.88 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the indicated resource for the Contact deposit at a lower cut-off grade, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.88 Context: 8,861,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-77) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.82 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage at a 1.75% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.82 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-78) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 1.31 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage with good nickel grade at a 1.75% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.31 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-79) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Contact deposit at a 1.75% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.04 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-80) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.43 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the indicated resource for the Contact deposit at a 1.75% CuEq cut-off, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.43 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-81) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.53 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the indicated resource for the Contact deposit at a 1.75% CuEq cut-off, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.53 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-82) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.06 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the indicated resource for the Contact deposit at a 1.75% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.06 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-83) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:46e1cdae05b205e46d4c - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 7213000 - Grade: 0.93 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the indicated resource for the Contact deposit at a 1.75% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.93 Context: 7,213,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-84) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 0.97 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage at a 2.25% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.97 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-85) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 1.52 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage with good nickel grade at a 2.25% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.52 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-86) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 0.05 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Contact deposit at a 2.25% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.05 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-87) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 0.49 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the indicated resource for the Contact deposit at a 2.25% CuEq cut-off, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.49 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-88) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 0.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the indicated resource for the Contact deposit at a 2.25% CuEq cut-off, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.60 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-89) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 0.07 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the indicated resource for the Contact deposit at a 2.25% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.07 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-90) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:d2afcddcf95436875758 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 4852000 - Grade: 1.04 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.42 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the indicated resource for the Contact deposit at a 2.25% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.04 Context: 4,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-91) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 1.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage at a 2.50% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.04 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-92) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 1.62 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Contact deposit shows significant tonnage with good nickel grade at a 2.50% CuEq cut-off, demonstrating sensitivity to economic parameters within the maiden MRE. - Positive factor: Significant indicated tonnage at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.62 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-93) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 0.05 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Contact deposit at a 2.50% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.05 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-94) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 0.52 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Platinum is present as a byproduct in the indicated resource for the Contact deposit at a 2.50% CuEq cut-off, contributing to the polymetallic nature of the maiden MRE. - Positive factor: Platinum present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.52 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-95) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 0.63 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Palladium is present as a byproduct in the indicated resource for the Contact deposit at a 2.50% CuEq cut-off, adding to the polymetallic nature of the maiden MRE. - Positive factor: Palladium present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.63 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-96) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 0.08 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Gold is present as a byproduct in the indicated resource for the Contact deposit at a 2.50% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Gold present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 0.08 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-97) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:c964c11ee057be88b1f8 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 3946000 - Grade: 1.1 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.66 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Silver is present as a byproduct in the indicated resource for the Contact deposit at a 2.50% CuEq cut-off, contributing to the overall metal endowment of the maiden MRE. - Positive factor: Silver present as a byproduct at varying cut-off grade - Positive factor: Maiden resource estimate Evidence · table > 1.10 Context: 3,946,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-98) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 8.94 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq at a 2.00% CuEq cut-off, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 8.94 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-99) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 2.34 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high nickel grade at a 2.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.34 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-100) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Footwall deposit at a 2.00% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-101) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 3.55 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high platinum grade at a 2.00% CuEq cut-off, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.55 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-102) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 6.48 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high palladium grade at a 2.00% CuEq cut-off, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.48 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-103) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 1.53 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a good gold grade at a 2.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.53 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-104) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0b474eb30839d40a439c - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 181000 - Grade: 33.74 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high silver grade at a 2.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 33.74 Context: 181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-105) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 9 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq at a 2.25% CuEq cut-off, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.00 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-106) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 2.35 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high nickel grade at a 2.25% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.35 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-107) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Footwall deposit at a 2.25% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-108) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 3.57 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high platinum grade at a 2.25% CuEq cut-off, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.57 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-109) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 6.53 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high palladium grade at a 2.25% CuEq cut-off, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.53 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-110) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 1.55 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a good gold grade at a 2.25% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.55 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-111) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:0bb32a52c009977cf752 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 180000 - Grade: 33.94 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.4 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high silver grade at a 2.25% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 33.94 Context: 180,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-112) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 9.13 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq at a 2.75% CuEq cut-off, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.13 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-113) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 2.38 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high nickel grade at a 2.75% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.38 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-114) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Footwall deposit at a 2.75% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-115) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 3.63 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high platinum grade at a 2.75% CuEq cut-off, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.63 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-116) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 6.63 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high palladium grade at a 2.75% CuEq cut-off, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.63 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-117) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 1.57 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a good gold grade at a 2.75% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.57 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-118) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:dedd19703a2d6f061e45 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 177000 - Grade: 34.37 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.63 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high silver grade at a 2.75% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 34.37 Context: 177,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-119) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 9.21 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq at a 3.00% CuEq cut-off, indicating significant economic potential within the maiden MRE. - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.21 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-120) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 2.4 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high nickel grade at a 3.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High nickel grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.40 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-121) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the indicated resource for the Footwall deposit at a 3.00% CuEq cut-off, adding to the overall metal endowment of the maiden MRE. - Positive factor: Cobalt present as a byproduct in indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-122) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 3.66 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high platinum grade at a 3.00% CuEq cut-off, contributing significantly to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High platinum grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.66 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-123) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 6.69 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high palladium grade at a 3.00% CuEq cut-off, significantly boosting the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Very high palladium grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.69 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-124) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 1.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a good gold grade at a 3.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: Good gold grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.58 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-125) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:f27d25f180a67047bd00 - Deposit or zone: Footwall - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 175000 - Grade: 34.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.76 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a high silver grade at a 3.00% CuEq cut-off, contributing to the overall high CuEq grade and economic potential of the maiden MRE. - Positive factor: High silver grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 34.60 Context: 175,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-126) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.75 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-127) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 1.25 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage with good nickel grade at a lower cut-off, but its classification as inferred indicates lower geological confidence. - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.25 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-128) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: Cobalt is present as a byproduct in the inferred resource for the Contact deposit at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. - Positive factor: Cobalt present as a byproduct at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.04 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-129) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 9.06 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 9.06 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-130) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 2.37 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 2.37 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-131) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 0.02 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-132) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 3.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 3.60 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-133) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 6.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 6.58 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-134) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 1.56 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 1.56 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-135) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:967aeb08f0fc89162c95 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 178000 - Grade: 34.15 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 15.52 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The indicated resource for the Footwall deposit shows a very high copper grade and CuEq, indicating significant economic potential within the maiden MRE. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very high copper grade for indicated resource - Positive factor: High CuEq grade for indicated resource - Positive factor: Maiden resource estimate Evidence · table > 34.15 Context: 178,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-136) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 5.42 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.42 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-137) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.75 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-138) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-139) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 2.91 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.91 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-140) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 5.4 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.40 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-141) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 1.53 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.53 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-142) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:b16dc629f0c034f1a5b8 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 368000 - Grade: 21 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.35 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Footwall deposit shows a high copper grade and CuEq, indicating good potential, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: High copper grade for inferred resource - Positive factor: High CuEq grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 21.00 Context: 368,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-143) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.34 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.34 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-144) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.35 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.35 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-145) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.05 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.05 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-146) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:23304a1331cf5d565c37 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 6917000 - Grade: 0.7 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows significant tonnage at a lower cut-off grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage at lower cut-off grade - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.70 Context: 6,917,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-147) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.82 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.82 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-148) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 1.35 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.35 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-149) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.04 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.04 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-150) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.36 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.36 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-151) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.38 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.38 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-152) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.05 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.05 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-153) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:07cc8047f393b947704e - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 5791000 - Grade: 0.7 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 2.93 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.70 Context: 5,791,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-154) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.93 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.93 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-155) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 1.56 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.56 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-156) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.05 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.05 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-157) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.42 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.42 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-158) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.43 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.43 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-159) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.06 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.06 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-160) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:bba3fc4a7efe430a3265 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3971000 - Grade: 0.7 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.70 Context: 3,971,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-161) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 1.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.01 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-162) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 1.66 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.66 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-163) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 0.05 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.05 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-164) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 0.46 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.46 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-165) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 0.47 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.47 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-166) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 0.06 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.06 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-167) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:9a7e000c9dbf34b9b3b5 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 3173000 - Grade: 0.75 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 3.61 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.75 Context: 3,173,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-168) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 5.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.01 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-169) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.69 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-170) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-171) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 2.75 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.75 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-172) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 5.02 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.02 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-173) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 1.42 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.42 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-174) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38b5fe932e965610791f - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 406000 - Grade: 19.84 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 8.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 19.84 Context: 406,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-175) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 5.23 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.23 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-176) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 0.72 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.72 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-177) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-178) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 2.83 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 2.83 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-179) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 5.22 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.22 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-180) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 1.48 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.48 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-181) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:8431cbfe51de73246413 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 386000 - Grade: 20.45 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.03 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 20.45 Context: 386,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-182) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 5.6 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.60 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-183) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 0.77 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.77 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-184) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-185) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 3 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 3.00 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-186) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 5.6 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.60 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-187) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 1.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.58 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-188) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:50ff2381304116c6e974 - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 21.58 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 9.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 21.58 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-189) Levack Mine · copper #### Identity - Project: Levack Mine - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 5.86 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.86 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-190) Levack Mine · nickel #### Identity - Project: Levack Mine - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 0.8 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.80 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-191) Levack Mine · cobalt #### Identity - Project: Levack Mine - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 0.01 - Grade Unit: % - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 0.01 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-192) Levack Mine · platinum #### Identity - Project: Levack Mine - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 3.13 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 3.13 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-193) Levack Mine · palladium #### Identity - Project: Levack Mine - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 5.86 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 5.86 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-194) Levack Mine · gold #### Identity - Project: Levack Mine - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 1.65 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 1.65 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-reports-mineral-resource-estimate-for-the-levack-mine-in-sudbury-on--29f55a7d-033e-4720-98cf-acc0a309cd3e#fact-resource-facts-195) Levack Mine · silver #### Identity - Project: Levack Mine - Commodity: silver - Region: canada\_on - Reported Region: Sudbury, Ontario, Canada - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jonathan Cirelli, P.Geo - Resource group id: resource:38f75524a9fcadf451cf - Deposit or zone: Contact - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 330000 - Grade: 22.39 - Grade Unit: g/tonne - Cutoff Grade: 2 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-31 #### Metal Equivalent - Metal Eq. Grade: 10.1 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-18T00:00:00.000Z Reasoning: The inferred resource for the Contact deposit shows substantial tonnage with a good copper grade, but its classification as inferred indicates lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred tonnage for contact deposit - Positive factor: Good copper grade for inferred resource - Positive factor: Maiden resource estimate - Negative factor: Inferred category has lower confidence Evidence · table > 22.39 Context: 330,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.