Mining Stock Daily

Magna Mining's Crean Hill Delivers a 43% IRR

Magna Mining CEO Jason Jessup joins Mining Stock Daily to discuss the newly released pre-feasibility study for the Crean Hill copper-nickel-precious metals project in Sudbury, Ontario. The study outlines an after-tax NPV of C$251 million, a 43% IRR, and a 1.5-year payback period, with construction approved to begin in 2027. Jessup breaks down the project's capital requirements, potential funding through cash flow from the Levack mine, and the significant contribution of precious metals to Crean Hill's economics. The conversation also explores nickel price upside, new exploration targets, ongoing off-take negotiations, and Magna's strategy to advance two mining operations while positioning the company for a potential market re-rating.