GREY:NEVDQ - Post by User
Post by
leaseloton May 16, 2022 5:39pm
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Post# 34687542
report
report nnounces Filing of Q1 2022 Financial Report; Management Changes
YERINGTON, Nev., May 16, 2022 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) today announced its first quarter 2022 financial and operating results as well as recent milestone achievements and updates on key development initiatives for its Pumpkin Hollow underground mine (the “Underground Mine”) and open pit project (the “Open Pit Project”). The Company has filed its interim financial statements and the related management’s discussion and analysis (“MD&A”) for the quarter ended March 31, 2022 with the Canadian securities regulatory authorities, which documents can be accessed under the Company’s profile on www.SEDAR.com.
Recent Developments
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Underground Mine Ramp Up Continues: Underground production continues to ramp up with hoisting rates of a combination of stope ore and development material expected to increase to approximately 3,000 tons per day (“tpd”) in Q2 2022 and then further increasing to 4,000 to 4,500 tpd during Q3 2022.
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Paste Plant Commissioning: The Underground Mine paste plant began wet commissioning and filling of the first stope with paste backfill in April 2022. Paste plant commissioning activities are ongoing with initial throughpu