Mining Stock Daily Magna Mining on the New Mineral Resource Estimate for the Levack Mine
Nov 24, 2025
Greg Huffman, a seasoned geologist and executive in the mining industry, shares insights on the recent mineral resource estimate for Magna Mining's Levack Mine. He discusses the significant numbers: 6.1 million tonnes in the Indicated category and 5.2 million tonnes in the Inferred category, emphasizing the copper equivalent percentage. Greg also highlights the importance of converting historical data into a compliant resource and outlines plans for exploration in the promising R2 zone. Infrastructure upgrades and future operational visions are also on the agenda.
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First 43-101 Resource Validates Levesque
- Magna converted historical KGHM data plus new drilling into its first 43-101 compliant resource for Levesque.
- This validates the asset and establishes a baseline for further expansion and development.
Levesque's Long Production History
- Greg recounts Levesque's history from Inco through FNX, Quadra-FNX and KGHM ownership.
- He highlights Morrison as the renamed Levesque footwall discovery and its prior successful production history.
Shallow Nickel-Copper And Morrison High Grade
- The resource upgrade focused on shallow nickel-copper rich zones and the high-grade Morrison footwall.
- Morrison shows much higher grades than historical estimates by tightly constraining high-grade veins.