MAGNA MINING CEO Jason Jessup on the transformation of the company, Macro views on Ni and why I believe NICU is best way to invest in Nickel for 2023

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.

MAGNA MINING WHO? Magna Mining NICU.V MGMNF recently completed a transformational acquisition of it's 2nd nickel project in the tier 1 jurisdiction Sudbury, The Crean Hill Mine shocked the market with a large robust 43-101 of indicated resources of 16.8mt @ 1.08% NiEq Open pit, 14.5mt @ 2.07% NiEq that complements the FS completed, low cap ex. Shakespeare Project with +20mt of indicated open pit resource and a fully permitted 4500t/d (expandable to 6750t/d once in production without filling a new Federal E.A,) Mill/Tailings. The current +51MT of indicated resources already at very good grades, across all catagories +54mt, approx. 1.5 billion pounds of NiEq (+500 million of Nickel Sulphide) with an insitu value of +$19 Billion USD at current spot prices are growing. Company Presentation: https://magnamining.com/wp-content/uploads/2022/11/Magna-Mining-November-2022-v3.pdf This is the famous FNX team that lead that company to +30x return for shareholders over 5 years using this same strategy in Sudbury. NICU's sub $90 Million USD market cap, large indicated resources, permitted mill and tailings, low cap ex, a team that has done it before, potential of large resource expansion and a footwall discovery, the acquisition of other projects, at a time when Nickel (class 1) demand is growing and supply is extremely challenged so much so that the US and Can gov't are giving away money to companies like Magna to get them into production faster makes investing in NICU very attractive to me. The near term potential to begin toll milling up to 3000t/d of high grade with very modest cap ex. is something to keep on eye on. A year from now they could generate internal FCF of $50 million USD a year to fund building the mill and exploration. My model suggests 3-4x in the near term and as much as +10x in the next 2-3 years. I own +1% bought on I’m a PRIVATE INVESTOR, enjoying early retirement after successfully managing investment portfolios with a focus on the resource sector (including oil and gas) I am completely independent. My only client is me. No one pays me, I don't sell subscriptions or offer sponsorship deals or special access to my trading info. My money where my due diligence is and I explain why. I employ common sense, Fundamental, bottom-up analysis that incorporates but not limited to: currency exchange rates, cost of labor, raw materials cost, geology, Metallurgy, cost of capital, infrastructure, macro influencing factors, capital discipline by management, etc. If the data changes (company, sector or macroeconomic environment) then I do, no emotion about it, let the data guide your investments. Twitter: https://twitter.com/drjimjonesceo Podcast channel: https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675 Website: https://drjonesresourceinvestor.wordpress.com. Research. I run a highly concentrated and due diligence focused portfolio. If you want to invest along side me, it’s your money, your responsibility, buy and sell for your own reasons not mine. It’s your money. The best investment you can make is in your own education. I am driven by the hunt for value and truth. This is my passion in life. I’m a big research nerd. Always double-check and only trust the numbers that you have vetted. Commit to memory: “NOT all ozs, pounds & barrels in the ground are created equal” understanding this basic principle will increase your wealth and your ability to sleep at night. Doc Jones FOR EDUCATIONAL PURPOSES ONLY, NOT INVESTMENT ADVICE.