Magna Mining (TSE:NICU) has released an update.
Magna Mining Inc. has announced corrected financial estimates for its Crean Hill Project after initially reporting understated figures, revealing a significant Pre-Tax NPV of $265.3 million and an impressive Pre-Tax IRR of 142%. The updated Preliminary Economic Assessment (PEA) reflects the project’s strong potential and a detailed technical report is expected within 45 days. Magna Mining, known for its focus on nickel, copper, and PGM projects in Ontario, emphasizes the Crean Hill Project’s past production history and promising future.
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