Magna Mining (TSE:NICU) has released an update.
Magna Mining Inc. has signed a Toll Milling Agreement with Glencore Canada to process a significant surface bulk sample from the 109 Footwall Zone at their Crean Hill Project, aiming to evaluate metallurgical performance and inform future exploration and production strategies. This collaboration highlights Magna’s strategic advantage in the Sudbury region, leveraging local partnerships to enhance project development. The initiative, funded by existing cash reserves, is a crucial step for Magna as they prepare for advanced underground exploration, with the bulk sample processing slated for completion in the third quarter of 2024.
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