# Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10 Original source: https://money.tmx.com/en/quote/NICU/news/4960769035713882/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper Publisher: tmx Original announcement: 2025-12-16T11:45:00.000Z 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 - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update, Other - Extracted: 2026-09-14 15:30:22 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Magna Mining is initiating a Pre-Feasibility Study \(PFS\) for the Crean Hill Nickel-Copper-Precious Metals Project in Ontario, expected to be completed in Q3 2026. The study will build upon the 2024 Preliminary Economic Assessment \(PEA\) and incorporate recent bulk sample results. The project features a significant mineral resource inventory with high-grade footwall zones. Reasoning: The announcement of a PFS initiation is a major de-risking milestone for a development-stage project, building on a strong PEA. - Positive factor: Initiation of Pre-Feasibility Study \(PFS\) to advance project towards construction decision - Positive factor: Strong economic indicators from 2024 PEA including 129% IRR - Positive factor: Existing permits for Advanced Exploration \(AdEx\) in hand - Positive factor: Significant resource inventory with high-grade footwall zones - Negative factor: Project was lower priority during 2025 due to portfolio integration Facts used in scoring: 12 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is prepared in compliance with NI 43-101 as stated by the Qualified Person. Evidence · text > is an independent Qualified Person as defined by NI 43-101 **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: Allan Armitage, Ph.D., P. Geo. is named as the responsible Qualified Person. Evidence · text > Mr. Allan Armitage, Ph.D., P. Geo. of SGS Geological Services is an independent Qualified Person **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · table > Inferred Context: 989,000 ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-0) Crean Hill · copper #### Identity - Project: Crean Hill - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.87 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 0.87 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-1) Crean Hill · nickel #### Identity - Project: Crean Hill - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.01 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 1.01 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-2) Crean Hill · cobalt #### Identity - Project: Crean Hill - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.035 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 0.035 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-3) Crean Hill · platinum #### Identity - Project: Crean Hill - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.98 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 0.98 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-4) Crean Hill · palladium #### Identity - Project: Crean Hill - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.12 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 1.12 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-5) Crean Hill · gold #### Identity - Project: Crean Hill - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:7529810d53dd137cf240 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.37 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.96 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated resource component of the Crean Hill MRE. Evidence · table > 0.37 Context: 18,444,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-6) Crean Hill · copper #### Identity - Project: Crean Hill - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.53 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 0.53 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-7) Crean Hill · nickel #### Identity - Project: Crean Hill - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.7 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 0.70 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-8) Crean Hill · cobalt #### Identity - Project: Crean Hill - Commodity: cobalt - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.026 - Grade Unit: % - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 0.026 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-9) Crean Hill · platinum #### Identity - Project: Crean Hill - Commodity: platinum - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.98 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 0.98 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-10) Crean Hill · palladium #### Identity - Project: Crean Hill - Commodity: palladium - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 1.66 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 1.66 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--6dbe784a-5839-4c36-bcfd-11f148443f10#fact-resource-facts-11) Crean Hill · gold #### Identity - Project: Crean Hill - Commodity: gold - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: NICU #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Allan Armitage - Resource group id: resource:0c80ff4f2799a69bb150 - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.29 - Grade Unit: g/t - Cutoff Grade: 1.1 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2024-04-15 #### Metal Equivalent - Metal Eq. Grade: 1.56 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS Geological Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred resource component of the Crean Hill MRE. - Negative factor: Inferred category limits geological confidence Evidence · table > 0.29 Context: 989,000 #### 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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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.