Magna Mining Approves Crean Hill Construction Starting in 2027
The Crean Hill project has an estimated initial capital cost of $127.0 million. A pre-feasibility study reported after-tax NPV7% of $251.0 million, a 43.4% IRR and a 1.5-year payback; commercial production is targeted by the end of Year 3.
Magna Mining has approved construction of the Crean Hill project, with work set to start in 2027. The PFS estimates an after-tax NPV7% of $251.0M, an IRR of 43.4% and a payback period of 1.5 years. Initial capital is estimated at $127.0M, and commercial production is targeted by the end of Year 3.