29.7% CuEq Over 3.4 Metres: Magna Mining's R2 Discovery Explained

29.7% CuEq Over 3.4 Metres: Magna Mining’s R2 Discovery Explained

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Recorded on July 7 2026 live at Rick Rule Symposium 2026

TSX: NICU | OTCQX: MGMNF | FSE: 8YD

Jason Jessup, CEO and Director of Magna Mining, joins Steve Yang to discuss the company’s copper, nickel and precious-metals growth strategy in Sudbury, Ontario. Jessup outlines current production at McCreedy West, 2026 copper-equivalent guidance, record Q2 operating performance and the high-grade R2 Footwall Zone discovery at Levack. He explains why Magna can use existing Sudbury mills, smelters and infrastructure to reduce capital intensity and move permitted projects toward production faster. The interview covers the Levack economic assessment, Crean Hill, insider ownership, management experience and three growth pillars: production, exploration and strategic acquisitions. Jessup discusses the proposed C$140 million strategic investment by Alpayana and how the financing could support faster advancement of Levack and Crean Hill. He also shares his long-term objective of building Magna Mining into a C$5 billion company by 2030. Follow Natural Resource Stocks for more Rick Rule Symposium interviews. #Millettian

Key Topics
McCreedy West production and 2026 guidance
Copper, nickel, cobalt and precious-metals exposure
Record Q2 production performance
R2 Footwall Zone high-grade discovery
Levack preliminary economic assessment and restart strategy
Crean Hill development
Sudbury infrastructure and third-party milling
One producing mine and four permitted projects
Production, exploration and strategic acquisitions
Proposed C$140 million Alpayana investment
Share structure and insider ownership
Jason Jessup and the former FNX Mining team
Magna Mining valuation and 2030 growth objective

Magna Mining
Website https://magnamining.com/
Leadership https://magnamining.com/about/leadership-team/
X https://x.com/magnamining
LinkedIn https://www.linkedin.com/company/magnamining/
Email info@magnamining.com

Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube World https://www.youtube.com/@NaturalResoureStocksWorld
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
X https://x.com/SteveYangStocks
LinkedIn https://www.linkedin.com/in/thesteveyang/
LinkedIn https://www.linkedin.com/in/steveyangstocks/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/

Chapters

00:00 C$140 million strategic investment cold open
01:02 Interview introduction
01:37 Magna Mining overview and stock listings
02:20 McCreedy West metals and production guidance
02:45 Record production and the R2 discovery
03:26 Why Sudbury is a leading mining jurisdiction
04:42 Four permitted growth projects
04:52 Magna’s low-capital development model
05:15 Levack restart work and economic assessment
06:49 Magna’s unusual permitted project position
07:56 Three pillars of growth
09:34 Sudbury deposit types and metal flexibility
11:11 Standing out at the Rick Rule Symposium
11:49 Proposed Alpayana strategic investment
12:56 Share structure and insider ownership
14:18 Jason Jessup’s background and management team
16:49 Why team trust matters
17:50 Valuation, peers and market positioning
18:59 C$5 billion company goal by 2030
20:20 Closing and company contact information

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