# Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc

Original source: https://orestocks.com/company/NICU.TO/press-releases/5968686509709893

Publisher: orestocks

Original announcement: 2026-10-21T10:45:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-21T11:18:37.355Z

Atlas analysis updated: 2026-10-21T11:18:37.355Z

- Company: Magna Mining Inc.

- Ticker: NICU.TO

- Exchange: Unavailable

- Region: Ontario

- Primary commodity: Copper

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

- Document categories: Other, Resource update

- Extracted: 2026-10-21 11:18:38 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Magna Mining announced robust results from its Pre-Feasibility Study for the Crean Hill Project in Ontario, outlining a 12-year mine life with strong economics including a 43.4% after-tax IRR and $251.0 million after-tax NPV7%. The study projects manageable initial capital of $127.0 million, with construction approved to begin in 2027. The company also reported updated Mineral Resource and Reserve Estimates, which underpin the PFS.

Reasoning: The Pre-Feasibility Study demonstrates robust economics with a 43.4% after-tax IRR and $251.0 million after-tax NPV7%, leading to a board decision to commence construction in 2027. The study is supported by updated NI 43-101 compliant resource and reserve estimates.

- Positive factor: Robust economics with high after-tax IRR and NPV

- Positive factor: Manageable initial capital requirement

- Positive factor: Board approval for construction indicates project advancement

- Positive factor: Updated resource and reserve estimates underpin the study

- Positive factor: NI 43-101 compliant study and estimates

Facts used in scoring: 50

## Classification and evidence

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The document is a Pre-Feasibility Study \(PFS\) for the Crean Hill Project.

Evidence · text

> Magna Mining Reports Results of Crean Hill Pre-Feasibility Study

**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: The PFS and associated resource/reserve estimates were overseen and signed off by independent Qualified Persons.

Evidence · text

> The following Qualified Persons \(QPs\) oversaw the completion of the work in preparation of the PFS and are responsible for the contents: Mr. Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Mr. Henri Gouin, P.Eng., of SGS Geological Services. Mr. William van Breugel, P.Eng., Associate Engineer of SGS Geological Services.

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The Pre-Feasibility Study and resource/reserve estimates were prepared in accordance with National Instrument 43-101.

Evidence · text

> prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grades for both the Mineral Resource Estimate \(1.75% CuEq\) and Mineral Reserve Estimate \(1.5% NiEq\) are clearly stated.

Evidence · text

> The Crean Hill Mineral Resource Estimate is presented below in Table 6 and is based on a 1.75% CuEq cutoff grade. ... A mine design cut-off grade of 1.5% NiEq in-situ was applied to each stope

**Indicated Resource**

Polarity: positive

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

Why it applies: The document reports Mineral Resources in the Indicated category, indicating a reasonable level of geological confidence.

Evidence · table

> Indicated

Context: Category

**Inferred Resource**

Polarity: negative

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

Why it applies: The document reports Mineral Resources in the Inferred category, which is a speculative category with lower geological confidence.

Evidence · table

> Inferred

Context: Category

**Probable Reserve**

Polarity: positive

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

Why it applies: The document reports Mineral Reserves in the Probable category, indicating demonstrated economic viability.

Evidence · table

> Probable

Context: Category

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The Mineral Resource Estimate has been updated from a previous estimate stated in the Preliminary Economic Assessment.

Evidence · text

> The current Mineral Resources have been updated from the November 1, 2024 Mineral Resources stated in the Preliminary Economic Assessment

## Extracted facts

Stored fact records: 49. Some facts used in scoring do not have a stored record.

## Resource Estimates (49)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-1)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 0.88
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 2.96
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone contributes significantly to the project's overall resource base, with good copper grade and confidence level, supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Supports the PFS economic study

Evidence · table

> 0.88

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-2)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 1.88
- Metal Eq. Unit: % NiEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone contributes significantly to the project's overall resource base, with good nickel grade and confidence level, supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Supports the PFS economic study

Evidence · table

> 1.00

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-3)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 0.03
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.03

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-4)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 0.93
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone includes platinum, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.93

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-5)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 1.09
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone includes palladium, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.09

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-6)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 0.36
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone includes gold, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.36

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-7)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ad02f2f0a95f82d9548f
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16171000
- Grade: 1.02
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Contact zone includes silver, contributing to the overall resource base and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.02

Context: 16,171,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-8)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 0.74
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 3.62
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone contributes to the project's resource base, with good copper grade and confidence level, supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.74

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-9)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 0.41
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 2.31
- Metal Eq. Unit: % NiEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone contributes to the project's resource base, with nickel grade and confidence level, supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.41

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-10)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 0.01
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.01

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-11)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 3.18
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone shows high platinum grades, significantly contributing to precious metals credits and supporting the PFS.

- Positive factor: High platinum grade for an Indicated resource

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 3.18

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-12)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 2.59
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone shows high palladium grades, significantly contributing to precious metals credits and supporting the PFS.

- Positive factor: High palladium grade for an Indicated resource

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 2.59

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-13)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 1.38
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone shows good gold grades, contributing to precious metals credits and supporting the PFS.

- Positive factor: Good gold grade for an Indicated resource

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.38

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-14)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:33007ef486d219a24f2a
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 548000
- Grade: 4.25
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Indicated resource for Footwall zone shows good silver grades, contributing to the overall resource base and supporting the PFS.

- Positive factor: Good silver grade for an Indicated resource

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 4.25

Context: 548,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-15)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 0.87
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 2.98
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource provides a substantial and confident resource base for copper, underpinning the PFS.

- Positive factor: Large tonnage in Indicated category

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Supports the PFS economic study

Evidence · table

> 0.87

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-16)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 0.99
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 1.9
- Metal Eq. Unit: % NiEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource provides a substantial and confident resource base for nickel, underpinning the PFS.

- Positive factor: Large tonnage in Indicated category

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Supports the PFS economic study

Evidence · table

> 0.99

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-17)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 0.03
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource includes cobalt as a byproduct, contributing to the overall resource base and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.03

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-18)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 1
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource includes platinum, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.00

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-19)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 1.14
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource includes palladium, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.14

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-20)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 0.4
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource includes gold, adding to the precious metals credits and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.40

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-21)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:ea655a025d0facff3a7a
- Deposit or zone: Total Indicated
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 16719000
- Grade: 1.12
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Indicated resource includes silver, contributing to the overall resource base and supporting the PFS.

- Positive factor: Indicated resource category provides good confidence

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.12

Context: 16,719,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-22)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 0.59
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 2.33
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone provides potential for future conversion but has a lower level of geological confidence.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 0.59

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-23)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 0.7
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Metal Eq. Grade: 1.48
- Metal Eq. Unit: % NiEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone provides potential for future conversion but has a lower level of geological confidence.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 0.70

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-24)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 0.03
- Grade Unit: %
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone includes cobalt as a byproduct, but its lower confidence category limits its immediate impact.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 0.03

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-25)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 1.03
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone includes platinum, but its lower confidence category limits its immediate impact.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 1.03

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-26)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 1.74
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone includes palladium, but its lower confidence category limits its immediate impact.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 1.74

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-27)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 0.33
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone includes gold, but its lower confidence category limits its immediate impact.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 0.33

Context: 802,000

#### 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-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-28)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: resource
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Allan Armitage, Ph.D., P. Geo.
- Resource group id: resource:73835021d9fd43b851f3
- Deposit or zone: Contact Inferred
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 802000
- Grade: 0.29
- Grade Unit: g/tonne
- Cutoff Grade: 1.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-04-15

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Inferred resource for Contact zone includes silver, but its lower confidence category limits its immediate impact.

- Positive factor: NI 43-101 compliant and QP signed

- Negative factor: Inferred resource category has lower confidence

Evidence · table

> 0.29

Context: 802,000

#### 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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-29)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 0.62
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone represents a significant portion of the economically viable material, underpinning the PFS and construction decision.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Forms the basis for the PFS mine plan

Evidence · table

> 0.62

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-30)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 0.68
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone represents a significant portion of the economically viable material, underpinning the PFS and construction decision.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Forms the basis for the PFS mine plan

Evidence · table

> 0.68

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-31)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 0.02
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone includes cobalt as a byproduct, contributing to the overall economic viability of the project.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.02

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-32)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 0.92
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone includes platinum, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.92

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-33)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 1.08
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone includes palladium, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.08

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-34)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 0.38
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone includes gold, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.38

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-35)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:2f37ee10d1bb4de89edd
- Deposit or zone: Contact
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 9920065
- Grade: 1
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Contact zone includes silver, contributing to the overall economic viability of the project.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.00

Context: 9,920,065

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-36)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 0.55
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone contributes to the economically viable material, underpinning the PFS and construction decision.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.55

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-37)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 0.31
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone contributes to the economically viable material, underpinning the PFS and construction decision.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.31

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-38)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 0.01
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone includes cobalt as a byproduct, contributing to the overall economic viability of the project.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.01

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-39)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 2.35
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone includes high platinum grades, significantly contributing to precious metals credits and overall economic viability.

- Positive factor: High platinum grade for a Probable Reserve

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 2.35

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-40)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 2.15
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone includes high palladium grades, significantly contributing to precious metals credits and overall economic viability.

- Positive factor: High palladium grade for a Probable Reserve

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 2.15

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-41)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 1.04
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone includes good gold grades, contributing to precious metals credits and overall economic viability.

- Positive factor: Good gold grade for a Probable Reserve

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.04

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-42)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:08340851d34d14754769
- Deposit or zone: Footwall
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 384520
- Grade: 3.2
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The Probable Reserve for the Footwall zone includes good silver grades, contributing to the overall economic viability of the project.

- Positive factor: Good silver grade for a Probable Reserve

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 3.20

Context: 384,520

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-43)

Crean Hill · copper

#### Identity

- Project: Crean Hill
- Commodity: copper
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 0.62
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve provides a substantial and confident economic base for copper, underpinning the PFS and construction decision.

- Positive factor: Large tonnage in Probable Reserve category

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Forms the basis for the PFS mine plan

Evidence · table

> 0.62

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-44)

Crean Hill · nickel

#### Identity

- Project: Crean Hill
- Commodity: nickel
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 0.67
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve provides a substantial and confident economic base for nickel, underpinning the PFS and construction decision.

- Positive factor: Large tonnage in Probable Reserve category

- Positive factor: NI 43-101 compliant and QP signed

- Positive factor: Forms the basis for the PFS mine plan

Evidence · table

> 0.67

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-45)

Crean Hill · cobalt

#### Identity

- Project: Crean Hill
- Commodity: cobalt
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 0.02
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve includes cobalt as a byproduct, contributing to the overall economic viability of the project.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.02

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-46)

Crean Hill · platinum

#### Identity

- Project: Crean Hill
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 0.97
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve includes platinum, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.97

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-47)

Crean Hill · palladium

#### Identity

- Project: Crean Hill
- Commodity: palladium
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 1.12
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve includes palladium, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.12

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-48)

Crean Hill · gold

#### Identity

- Project: Crean Hill
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 0.4
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve includes gold, contributing to the precious metals credits and overall economic viability.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 0.40

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-constructi--2019bc9c-b78c-4bdd-8cfb-3b8426f707dc#fact-resource-facts-49)

Crean Hill · silver

#### Identity

- Project: Crean Hill
- Commodity: silver
- Region: canada\_on
- Reported Region: Ontario
- Ticker: NICU.TO

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-04-15T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mr. Henri Gouin, P.Eng., Mr. William van Breugel, P.Eng.
- Resource group id: resource:e204ead67df11bba7883
- Deposit or zone: Total Probable
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 10304585
- Grade: 1.08
- Grade Unit: g/tonne
- Cutoff Grade: 1.5
- Cutoff Unit: % NiEq

#### Prior Estimate

- Resource Date: 2026-09-30

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: The total Probable Reserve includes silver as a byproduct, contributing to the overall economic viability of the project.

- Positive factor: Probable Reserve category indicates economic viability

- Positive factor: NI 43-101 compliant and QP signed

Evidence · table

> 1.08

Context: 10,304,585

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

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

Why it applies: category is "probable"

**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.