{"version":"1","article":{"id":"magna-crean-hill-prefeasibility-study-2026","slug":"magna-crean-hill-prefeasibility-study-2026","language":"en","url":"https://haberpaper.com/en/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=en","title":"Magna targets 2027 construction start at Crean Hill mine","summary":"The pre-feasibility study models a 12-year commercial mine life and C$127 million in initial capital; the company says its board approved advancing the project.","category":"business","region":"world","topics":["commodities","electrical-materials"],"published_at":"2026-10-22T05:34:35+03:00","modified_at":"2026-10-23T00:24:41+03:00","publication_basis":"publication-record","event_period":"2026-10-20","event_period_basis":"event-or-reference-period","sources":[{"name":"Magna Mining","url":"https://magnamining.com/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-construction-to-begin-in-2027/","publishedAt":"2026-10-20","checkedAt":"2026-10-23"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/magna-crean-hill-prefeasibility-study-2026","api_url":"https://haberpaper.com/api/v1/articles/magna-crean-hill-prefeasibility-study-2026?lang=es"}],"data_types":[],"relationships":{"entities":[{"id":"magna-mining","type":"organization","name":"Magna Mining","name_language":"en","collection_url":"https://haberpaper.com/en/entity/organization:magna-mining","evidence":{"source_url":"https://magnamining.com/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-construction-to-begin-in-2027/","text":"Magna Mining released a pre-feasibility study on 20 October for its Crean Hill nickel, copper and precious-metals project in Sudbury. The company’s study assumes construction beginning in 2027 and about 12 years of commercial mine life. The plan calls for initial access through a new surface ramp, possible later rehabilitation of the historic shaft, and processing at an existing third-party mill in Sudbury.","language":"en"}},{"id":"crean-hill","type":"project","name":"Crean Hill","name_language":"en","collection_url":"https://haberpaper.com/en/entity/project:crean-hill","evidence":{"source_url":"https://magnamining.com/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-construction-to-begin-in-2027/","text":"Magna targets 2027 construction start at Crean Hill mine","language":"en"}},{"id":"sudbury","type":"place","name":"Sudbury","name_language":"en","collection_url":"https://haberpaper.com/en/entity/place:sudbury","evidence":{"source_url":"https://magnamining.com/magna-mining-reports-results-of-crean-hill-pre-feasibility-study-with-construction-to-begin-in-2027/","text":"Magna Mining released a pre-feasibility study on 20 October for its Crean Hill nickel, copper and precious-metals project in Sudbury. The company’s study assumes construction beginning in 2027 and about 12 years of commercial mine life. The plan calls for initial access through a new surface ramp, possible later rehabilitation of the historic shaft, and processing at an existing third-party mill in Sudbury.","language":"en"}}],"event":null,"contextual_links":[],"timeline":[{"id":"inventus-pardo-phase-three-drilling-2026","url":"https://haberpaper.com/en/news/inventus-pardo-phase-three-drilling-2026","language":"en","title":"Inventus starts Phase 3 drilling at Pardo near Sudbury","event_period":"2026-10-14","event_period_basis":"event","published_at":"2026-10-22T05:34:35+03:00","relationship_basis":"entity"},{"id":"magna-crean-hill-prefeasibility-study-2026","url":"https://haberpaper.com/en/news/magna-crean-hill-prefeasibility-study-2026","language":"en","title":"Magna targets 2027 construction start at Crean Hill mine","event_period":"2026-10-20","event_period_basis":"event","published_at":"2026-10-22T05:34:35+03:00","relationship_basis":"entity"}]},"data":null,"data_compilations":[],"data_downloads":[],"content":{"paragraphs":["Magna Mining released a pre-feasibility study on 20 October for its Crean Hill nickel, copper and precious-metals project in Sudbury. The company’s study assumes construction beginning in 2027 and about 12 years of commercial mine life. The plan calls for initial access through a new surface ramp, possible later rehabilitation of the historic shaft, and processing at an existing third-party mill in Sudbury.","The study estimates initial capital at C$127 million, an after-tax net present value of C$251 million at a 7% discount rate, an after-tax internal rate of return of 43.4% and a 1.5-year payback period. These are pre-feasibility estimates based on company assumptions for metal prices, costs, tax credits and production, not realised results. Magna says its board approved moving toward construction in 2027, while permitting, financing and execution risks remain. The study measures payback from the end of the three-year pre-commercial production period."],"key_points":[],"sections":[]},"text":"The pre-feasibility study models a 12-year commercial mine life and C$127 million in initial capital; the company says its board approved advancing the project.\n\nMagna Mining released a pre-feasibility study on 20 October for its Crean Hill nickel, copper and precious-metals project in Sudbury. The company’s study assumes construction beginning in 2027 and about 12 years of commercial mine life. The plan calls for initial access through a new surface ramp, possible later rehabilitation of the historic shaft, and processing at an existing third-party mill in Sudbury.\n\nThe study estimates initial capital at C$127 million, an after-tax net present value of C$251 million at a 7% discount rate, an after-tax internal rate of return of 43.4% and a 1.5-year payback period. These are pre-feasibility estimates based on company assumptions for metal prices, costs, tax credits and production, not realised results. Magna says its board approved moving toward construction in 2027, while permitting, financing and execution risks remain. The study measures payback from the end of the three-year pre-commercial production period.\n\nClarified that the estimated 1.5-year payback is measured from the end of the three-year pre-commercial production period.","corrections":[{"at":"2026-10-23T00:24:41+03:00","language":"en","text":"Clarified that the estimated 1.5-year payback is measured from the end of the three-year pre-commercial production period."}],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"business","url":"https://haberpaper.com/assets/illustrations/business-1536.webp","width":1536,"height":1024,"alt":"Symbolic industrial workshop with machinery, a warehouse and a crane.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"business","url":"https://haberpaper.com/assets/illustrations/business-1536.webp","width":1536,"height":1024,"alt":"Symbolic industrial workshop with machinery, a warehouse and a crane.","language":"en"}}}