Magna Mining (TSE:NICU) has released an update.
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Magna Mining Inc. announces a positive Updated Preliminary Economic Assessment for its 100% owned Crean Hill Project, demonstrating a 13-year mine life, low initial capital cost, and a swift payback period within two years. The plan includes a new surface portal for underground mining, with a projected high-margin operation, promising a pre-tax NPV of $265.3 million and an IRR of 142% based on conservative metal prices.
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