Interview with Jason Jessup, CEO of Magna Mining Corp (TSX-V:NICU)
Our previous interview: [ Ссылка ]
Recording date: 10th November 2022
Magna Mining Corp. is a Canadian exploration and development company focused on the advancement of its nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada. The flagship project of the company, the Shakespeare project, is a past-producing Nickel, Copper and PGM mine located 70 km southwest of Sudbury. The project has a mineral resource of 20.34 million tons of mineralisation at 0.55% NiEq in the indicated category and 2.36 million tons of mineralisation at 0.57% NiEq in the inferred category. The project also holds permits for the construction of a 4,500 tpd mill and the recommencement of its open pit mining operations.
Magna Mining Corp. also recently acquired the Denison project which holds the past-producing Crean Hill Nickel, Copper and PGE mine. The Denison project is located 37 km east of the company’s Shakespeare project. The Crean mine was in production for three separate periods between 1906 and 2022 and produced approximately 20.3 million tons of ore at a grade of 1.3% Nickel, 1.1% Copper and a combined palladium, platinum and gold grade of 1.6 g/t.
On the 7th of November 2022, the company published the initial mineral resource estimate (MRE) of the Denison project. The MRE shows 16.8 million tons of indicated mineralisation reclaimable through open-pit mining and 114.5 million tons of indicated mineralisation reclaimable through underground activities. The total contained metal shown in the MRE is 500 million pounds of nickel, 450 million pounds of copper and 11.7 million ounces of platinum, palladium and gold.
The company plans to complete a preliminary economic assessment (PEA) on the Denison project as well as the potential combined operations of the project with its Shakespeare project.
0:00 - Company Overview
0:30 - Overview of the Recent Resource Estimate News Release
1:42 - Plans for Improving the Resource Estimate on the Denison Project
3:21 - Taking Advantage of the Current Market Conditions
4:39 - Optionality in Getting into Revenue Production
6:34 - Impact of Dundee Corporation’s Acquisition of Magna Mining Shares
8:26 - Strategy in Setting the Targets in the Denison Project
11:13 - Vision for the Company
13:18 - Projected Time into Getting into Cashflow Generating Position
14:47 - Explaining the “Hub & Spoke” Production Model
16:43 - Possible Catalysts for the Company Share Prices
19:14 - Perspective on the Possible “OPEC” Type of Organization for Nickel in Southeast Asia
22:19 - Possible Listing on OTC in the North American Market
24:03 - Outro
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