# Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4 Original source: https://money.tmx.com/en/quote/NICU/news/4960769035713882/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper Publisher: tmx Original announcement: 2025-12-16T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Magna Mining Inc. - Ticker: NICU - Exchange: TSX - Region: Sudbury, Ontario - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update, Other - Extracted: 2026-08-22 03:29:06 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Magna Mining has engaged Technica Mining to conduct a Pre-Feasibility Study \(PFS\) on the Crean Hill nickel-copper-precious metals project, expected to be completed in Q3 2026. The announcement also restates the April 2024 Mineral Resource Estimate, which includes 18.4 Mt of Indicated resources. Reasoning: The announcement of a PFS commencement is a significant project advancement, though the resource data provided is a restatement of the April 2024 estimate. - Positive factor: Initiation of Pre-Feasibility Study \(PFS\) - Positive factor: Strong M&I ratio in existing resource - Positive factor: High IRR and NPV from previous PEA - Negative factor: Resource is a restatement of April 2024 data Facts used in scoring: 24 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 24. Some facts used in scoring do not have a stored record. ## Resource Estimates (24) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-0) copper #### Identity - Commodity: copper - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.87 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. Evidence · table > 0.87 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-1) nickel #### Identity - Commodity: nickel - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.01 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated nickel grade of 1.01%. Evidence · table > 1.01 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-2) cobalt #### Identity - Commodity: cobalt - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.035 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated cobalt grade of 0.035%. Evidence · table > 0.035 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-3) platinum #### Identity - Commodity: platinum - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated platinum grade of 0.98 g/t. Evidence · table > 0.98 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-4) palladium #### Identity - Commodity: palladium - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated palladium grade of 1.12 g/t. Evidence · table > 1.12 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-5) gold #### Identity - Commodity: gold - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.37 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated gold grade of 0.37 g/t. Evidence · table > 0.37 Context: 18,444,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-6) copper #### Identity - Commodity: copper - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.53 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred copper grade of 0.53%. Evidence · table > 0.53 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-7) nickel #### Identity - Commodity: nickel - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred nickel grade of 0.7%. Evidence · table > 0.70 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-8) cobalt #### Identity - Commodity: cobalt - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.026 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred cobalt grade of 0.026%. Evidence · table > 0.026 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-9) platinum #### Identity - Commodity: platinum - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred platinum grade of 0.98 g/t. Evidence · table > 0.98 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-10) palladium #### Identity - Commodity: palladium - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 1.66 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred palladium grade of 1.66 g/t. Evidence · table > 1.66 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-11) gold #### Identity - Commodity: gold - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.29 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Inferred gold grade of 0.29 g/t. Evidence · table > 0.29 Context: 989,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-12) Crean Hill · copper #### Identity - Project: Crean Hill - Commodity: copper - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.87 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.87 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-13) Crean Hill · nickel #### Identity - Project: Crean Hill - Commodity: nickel - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.01 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.01 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-14) Crean Hill · cobalt #### Identity - Project: Crean Hill - Commodity: cobalt - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.035 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.035 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-15) Crean Hill · platinum #### Identity - Project: Crean Hill - Commodity: platinum - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.98 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-16) Crean Hill · palladium #### Identity - Project: Crean Hill - Commodity: palladium - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 1.12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.12 Context: 18,444,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-17) Crean Hill · gold #### Identity - Project: Crean Hill - Commodity: gold - Ticker: NICU #### Resource Data - Category: indicated - Tonnes: 18444000 - Grade: 0.37 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.37 Context: 18,444,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-18) Crean Hill · copper #### Identity - Project: Crean Hill - Commodity: copper - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.53 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.53 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-19) Crean Hill · nickel #### Identity - Project: Crean Hill - Commodity: nickel - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.70 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-20) Crean Hill · cobalt #### Identity - Project: Crean Hill - Commodity: cobalt - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.026 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.026 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-21) Crean Hill · platinum #### Identity - Project: Crean Hill - Commodity: platinum - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.98 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-22) Crean Hill · palladium #### Identity - Project: Crean Hill - Commodity: palladium - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 1.66 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.66 Context: 989,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-to-initiate-a-pre-feasibility-study-on-the-crean-hill-nickel-copper--d35811bb-b1a8-4dc7-bc59-8ffa76fe9ac4#fact-resource-facts-23) Crean Hill · gold #### Identity - Project: Crean Hill - Commodity: gold - Ticker: NICU #### Resource Data - Category: inferred - Tonnes: 989000 - Grade: 0.29 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Indicated copper grade of 0.87%. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.29 Context: 989,000 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.