# Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf

Original source: https://money.tmx.com/en/quote/NICU/news/8157988404955731/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su

Publisher: tmx

Original announcement: 2026-02-18T11:40:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Magna Mining Inc.

- Ticker: NICU

- Exchange: TSX

- Region: Ontario

- Primary commodity: Nickel

- Secondary commodities: Copper, Cobalt, Platinum, Palladium, Gold, Silver

- Document categories: Resource update

- Extracted: 2026-08-22 03:22:11 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Magna Mining has announced its initial Mineral Reserves for the McCreedy West Mine in Ontario, totaling 987,000 tonnes at 1.59% Cu and 0.32% Ni. These reserves, along with Indicated and Inferred resources, support an initial three-year production profile.

Reasoning: The announcement of initial mineral reserves for an active mine is a major de-risking milestone that provides immediate production visibility.

- Positive factor: Initial mineral reserves announced

- Positive factor: Supports three-year production profile

- Positive factor: High M&I ratio for resource

- Positive factor: QP/CP sign-off provided

- Negative factor: Inferred component present

Facts used in scoring: 39

## Classification and evidence

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The company announced initial mineral reserves of 987,000 tonnes in the probable category.

Evidence · text

> Probable Mineral Reserves of 987,000 tonnes

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The company reported 5,632,000 tonnes of Indicated Mineral Resources.

Evidence · text

> Indicated Mineral Resources\* of 5,632,000 tonnes

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The company reported 874,000 tonnes of Inferred Mineral Resources.

Evidence · text

> Inferred Mineral Resources\* of 874,000 tonnes

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The MRMR estimates were prepared in accordance with NI 43-101.

Evidence · text

> prepared in accordance with National Instrument 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: Qualified Persons \(William van Breugel and Henri Gouin\) are named for the reserves.

Evidence · text

> supervised by Mr. William van Breugel, P.Eng... and Mr. Henri Gouin, P.Eng.

## Extracted facts

Stored fact records: 39. Some facts used in scoring do not have a stored record.

## Resource Estimates (39)

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-0)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 1.59
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve.

- Positive factor: Initial reserve

Evidence · text

> Probable Mineral Reserves of 987,000 tonnes at 1.59% Cu

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-1)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 0.32
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Significant nickel component in the reserve.

- Positive factor: Initial reserve

Evidence · text

> 0.32% Ni

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-2)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 0.01
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Trace cobalt reported.

Evidence · text

> 0.01% Co

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-3)

platinum

#### Identity

- Commodity: platinum
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 1.15
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Significant platinum grade in reserve.

Evidence · text

> 1.15 g/t Pt

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-4)

palladium

#### Identity

- Commodity: palladium
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 1.23
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Significant palladium grade in reserve.

Evidence · text

> 1.23 g/t Pd

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-5)

gold

#### Identity

- Commodity: gold
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 0.32
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Low gold grade.

Evidence · text

> 0.32 g/t Au

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-6)

silver

#### Identity

- Commodity: silver
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 987000
- Grade: 6.65
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Silver byproduct.

Evidence · text

> 6.65 g/t Ag

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-7)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 1.1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource.

- Positive factor: Indicated category

Evidence · table

> 1.10

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-8)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 0.98
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong nickel grade in indicated resource.

- Positive factor: Indicated category

Evidence · table

> 0.98

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-9)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 0.03
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

> 0.03

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-10)

platinum

#### Identity

- Commodity: platinum
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 0.82
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: PGM component in resource.

Evidence · table

> 0.82

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-11)

palladium

#### Identity

- Commodity: palladium
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 0.92
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: PGM component in resource.

Evidence · table

> 0.92

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-12)

gold

#### Identity

- Commodity: gold
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 0.23
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Low gold grade.

Evidence · table

> 0.23

Context: 5,632,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-13)

silver

#### Identity

- Commodity: silver
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 5632000
- Grade: 5.15
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Silver byproduct.

Evidence · table

> 5.15

Context: 5,632,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-14)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 1.37
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade.

- Negative factor: Inferred category

Evidence · table

> 1.37

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-15)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent nickel grade.

- Negative factor: Inferred category

Evidence · table

> 1.00

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-16)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 0.02
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Trace cobalt.

Evidence · table

> 0.02

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-17)

platinum

#### Identity

- Commodity: platinum
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 1.26
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: PGM component in resource.

Evidence · table

> 1.26

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-18)

palladium

#### Identity

- Commodity: palladium
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 1.24
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: PGM component in resource.

Evidence · table

> 1.24

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-19)

gold

#### Identity

- Commodity: gold
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 0.26
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Low gold grade.

Evidence · table

> 0.26

Context: 874,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-20)

silver

#### Identity

- Commodity: silver
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 874000
- Grade: 4.12
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Silver byproduct.

Evidence · table

> 4.12

Context: 874,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-21)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 39000
- Grade: 1.67
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 1.67

Context: 39,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-22)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 39000
- Grade: 0.23
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 0.23

Context: 39,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-23)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 39000
- Grade: 0.01
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 0.01

Context: 39,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-24)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 948000
- Grade: 1.59
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 1.59

Context: 948,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-25)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 948000
- Grade: 0.33
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 0.33

Context: 948,000

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-26)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: probable
- Tonnes: 948000
- Grade: 0.01
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Strong copper grade for a reserve. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Initial reserve

Evidence · table

> 0.01

Context: 948,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-27)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 2618000
- Grade: 0.27
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 0.27

Context: 2,618,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-28)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 2618000
- Grade: 1.6
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 1.60

Context: 2,618,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-29)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 2618000
- Grade: 0.06
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 0.06

Context: 2,618,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-30)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 3014000
- Grade: 1.83
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 1.83

Context: 3,014,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-31)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 3014000
- Grade: 0.44
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 0.44

Context: 3,014,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-32)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: indicated
- Tonnes: 3014000
- Grade: 0.01
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Solid indicated resource. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category

Evidence · table

> 0.01

Context: 3,014,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-33)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 61000
- Grade: 0.24
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.24

Context: 61,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-34)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 61000
- Grade: 1.58
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 1.58

Context: 61,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-35)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 61000
- Grade: 0.05
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.05

Context: 61,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-36)

copper

#### Identity

- Commodity: copper
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 813000
- Grade: 1.46
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 1.46

Context: 813,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-37)

nickel

#### Identity

- Commodity: nickel
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 813000
- Grade: 0.95
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.95

Context: 813,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-initial-mineral-reserves-for-the-mccreedy-west-mine-in-su--cd6cebe9-a3fa-416f-8879-2721dc885bcf#fact-resource-facts-38)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: NICU

#### Resource Data

- Category: inferred
- Tonnes: 813000
- Grade: 0.02
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-18T00:00:00.000Z

Reasoning: Inferred resource with decent copper grade. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.02

Context: 813,000

## 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.