25% Copper?! How Magna Mining Plans to 10x in 3 Years!
Description
Jason Jessop, CEO of Magna Mining, delivers a key update from the 2025 Rule Symposium, spotlighting the company’s aggressive growth in Ontario’s Sudbury Basin. With a $365M CAD market cap, no debt, $38M in cash, and 48 million tons of resource, Magna is ramping up copper production from its flagship McCreedy West Mine.
Jessop breaks down Magna’s strategic focus on high-grade footwall copper deposits, with recent drill results hitting up to 25% copper. Backed by fully permitted projects like Shakespeare and Podolsky, Magna’s low-capex model sells ore directly to mills, bypassing costly infrastructure.
With over 5% insider ownership and long-term support from Dundee Corp, Magna is on track to bring multiple mines online by 2028. Catalysts include monthly drill results, a reserve update, and government recognition as a critical minerals company, setting the stage for significant investor interest.
Connect with Jason Jessop!
Website: https://magnamining.com
LinkedIn: https://www.linkedin.com/in/jason-jessup-45120728/
🔥 Key Topics Discussed
✅ 48M tons of copper-equivalent resource in Sudbury
✅ 25% copper drill intercepts from high-grade footwall zones
✅ McCreedy West ramp-up and 3 more mines planned by 2028
✅ No debt, $38M CAD in cash, and 5% insider ownership
✅ Direct ore sales to Glencore and Vale—no milling required
✅ Sudbury Basin’s billion-year-old geology explained
✅ Monthly drill results and reserve update expected in 2025
✅ Government support as a critical minerals company
✅ Dundee Corp holds 21% and sits on Magna’s board
✅ Targeting multi-billion dollar valuation in 5 years
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Affiliates /Tools for Success that I Love and find Helpful:
Rule Symposium 2025 (Livestream Replay)
Rule Classroom Plus (2 Free Months)
Chapters:
00:00 Opening and Welcome at Rule Symposium 2025
01:32 Commodities Magna Mining is Targeting
02:26 Jason Jessop’s Background and Sudbury History
04:03 FNX Experience and Track Record of Success
05:22 Sudbury Basin Geology and Mining Potential
08:54 Focus on Footwall Deposits and 25 Percent Copper
10:45 Underground Drilling and Deposit Access
11:37 Company Ownership Structure and Key Partners
13:08 Resource Size and Copper Equivalent Grades
15:05 Upcoming Catalysts and Reserve Update Plans
16:48 Risks and Copper Price Sensitivity
18:19 Mine Development Timeline and Government Support
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