Nevada Copper Corp NEVDQ

Mine expansion in Nevada right on schedule

[hainholz]

Nevada Copper - Mine expansion in Nevada right on schedule Nevada Copper has now taken up its legs in early 2021 to accelerate its mine expansion. The demand couldn't be better, which also enables good negotiations with possible financing partners. The real reason for the current market imbalance can be traced back to the extensive mine closings between 2010-2015, when the copper price plummeted from USD 10,000 to below USD 5,000 at the time. The USD 10,000 level has now been reached again. Nevada Copper currently operates an underground mine, production has just started and is being developed further. In one projection, the Pumpkin Hollow mine is planned for 77 million pounds of copper concentrate annually. In the first quarter, the company completed significant electrical upgrades to provide sufficient power for additional manufacturing equipment and ventilation to support the underground mine ramp-up. Approximately 3,173 tons of concentrate with an average copper content of 24% were produced, in March the content had already reached 26%. Likewise, the degree of exploitation improved from 82% in the 4th quarter of 2020 to over 90% in 2021. The development of the open pit mine in the immediate vicinity, which is estimated at up to 200 million pounds, gives great hope. In the last 10 years there has been no new production facility in North America, which is why the Nevada Copper Project Pumkin-Hollow has received great international attention. Only very few explorers manage to detect copper in the soil through exploration and economically minable quantities. The subsequent task of developing an operational property from it is not only complex, but can also prove to be extremely challenging. Nevada has a very good team for these processes and can deliver real results from the fall.