Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp

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Post by KentWilkenson Aug 25, 2024 3:35pm

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NCU assets from their website

The processing facility of the Pumpkin Hollow underground mine has commenced production using development ore from mine construction, and the underground mine itself is expected to commence production before end of 2019. The mine benefits from a number of important, low risk advantages, including a highly-skilled team of mine operators, a supportive local community, established infrastructure, and a desert climate and local topography optimal for efficient and eco-friendly mining techniques such as dry-stack tailings.

Underground Mine Highlights

Robust economics
Competitive OPEX
Strong production profile
Significant cash generation
Long life
Expansion potential

The Pumpkin Hollow open pit development is approximate 4 km west of the underground mine. It includes two large deposits and areas of potential expansion both in and outside of the projected pit walls. The recent pre-feasibilty study has highlighted the potential for improved economics, simplified build and phased expansion.

The open pit has several areas of possible expansion, such as a significant quantity of Inferred Resources (197M lbs Cu6) that were excluded from the current resource model. There is also the demonstrated potential to test the full extent of deposit at depth and in areas within and outside of the current pit shell. Nevada Copper is currently advancing the open pit to feasibility stage, with the goal of making a construction decision thereafter.

Open Pit PFS Highlights

Robust economics
Low upfront capex
Competitive opex
Long life
Excellent recoveries
Strong EBITDA
Significant cash generation
Expansion potential
Potential financing partner

Pumpkin Hollow consists of 10,680 acres of private land, located in a former-producing and prolifically-endowed copper district. Much of Pumpkin Hollow has seen little-to-no exploration activity. While advancing the underground mine and open pit developments remain our core focus, we have also commenced exploration in key areas of this remarkable property. Activities include:

Forming a Geologic Advisory Council (GAC) that consists of experts with vast experience and knowledge of the region.
Mapping, sampling and geophysics
Drill testing key targets

New Ground, New Exploration Program

Following investigation of surrounding land in April 2019, Nevada Copper expanded its land position by 32% with the staking of 5,700 acres of Federal Land to the northwest of its prior land position (shown below Figure 1), known as the Tedeboy Area. This area contains porphyry-style alteration and copper oxide mineralization at surface with multiple zones of copper mineralization sampled in outcrops and trenches.