Levack restart puts Magna on two-mine track
2026-10-09 11:23:51 [Print]
Magna Mining has approved a C$70.1-million restart of the Levack nickel-copper mine near Sudbury, targeting commercial production by mid-2028. The PEA outlines mining 5.75 million short tons over 7.3 years at approximately 2,140 t/d, producing on average 12.9 million lb/y copper, 10.9 million lb/y nickel and 21,400 oz/y combined PGMs and gold. Restart works focus on rehabilitating underground access, refurbishing the production hoist and loading pocket, and leveraging maintained brownfield infrastructure.
The restart scope includes rehabilitating underground workings, refurbishing the production hoist and loading pocket, and re-establishing drilling platforms.
Levack's infrastructure has been maintained since 2018 as secondary access for McCreedy West and nearby mines, reducing the risk of degradation upon re-entry.
The updated indicated resource totals 7.8 million tons at 1.12% Cu and 1.48% Ni (175 Mlb Cu, 231 Mlb Ni).
The inferred resource adds 5.83 million tons at 1.27% Cu and 1.41% Ni (148 Mlb Cu, 164 Mlb Ni), increasing geological uncertainty in mine planning.
The restart scope includes rehabilitating underground workings, refurbishing the production hoist and loading pocket, and re-establishing drilling platforms.
Levack's infrastructure has been maintained since 2018 as secondary access for McCreedy West and nearby mines, reducing the risk of degradation upon re-entry.
The updated indicated resource totals 7.8 million tons at 1.12% Cu and 1.48% Ni (175 Mlb Cu, 231 Mlb Ni).
The inferred resource adds 5.83 million tons at 1.27% Cu and 1.41% Ni (148 Mlb Cu, 164 Mlb Ni), increasing geological uncertainty in mine planning.
Nickel Cathode Norilsk 99.96%min In port China
Unit:RMB/mt
China refined nickel producers' output statistics by province by month
Unit: mt
