Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027
Magna Mining Inc. announced positive results from a Pre-Feasibility Study for its Crean Hill Project, outlining a 12-year mine life with robust economics, including an after-tax NPV7% of C$251.0 million and an IRR of 43.4%. The study, compliant with NI 43-101, led to the Board of Directors approving construction to commence in 2027, leveraging existing infrastructure at the brownfield site. The project is expected to produce a balanced mix of copper, nickel, and precious metals, with initial capital costs of C$127.0 million and a net initial funding requirement of C$72.4 million after tax credits and pre-commercial cash flow.