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Magna Mining Advances Crean Hill Project
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Magna Mining Advances Crean Hill Project

Magna Mining Inc (TSE:NICU) has released an update.

Magna Mining Inc. has announced the successful filing of an amended Closure Plan for the Crean Hill Project with the Ontario Ministry of Mines, enabling the company to proceed with advanced exploration. The plan involves test mining 400,000 tonnes of mineralized rock, which will be processed at a third-party mill, with agreements expected by the end of Q1 2024. Additionally, Magna is awaiting final approval for a Permit to Take Water, which is anticipated before the end of Q2 2024, to begin dewatering for underground exploration.

For further insights into TSE:NICU stock, check out TipRanks’ Stock Analysis page.

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