$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with Stephen Gill, chairman of Nevada Copper, who discusses his company's copper project, where the underground mine is ramping up production and the open pit is fully permitted.
$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new copper, silver, gold mine - :-))
$Nevada Copper Provides Operations Update April 21, 2021 View PDF April 21, 2021 –
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (“Nevada Copper” or the “Company”) provides a project update for the underground mine at its Pumpkin Hollow project (the “Underground Project”).
The first stope will be mined in the East South Alphabets zone this week.
$The Alphabets zone is expected to carry copper equivalent grade of approximately 2.5%.
Ventilation Expansion
The electrical upgrades have been completed and the fan bulkhead is in the final stages of construction for installation of the remaining underground ventilation fans. Two additional underground ventilation fans, as previously announced, are on schedule for installation in May, which should enable further increases in underground development rates.
The surface ventilation fans remain on schedule for installation in the third quarter of 2021.
Lateral Development Lateral development in March increased 69% from February after the previously announced electrical upgrades were completed.
Lateral development early in the first quarter 2021 was slower than anticipated due to cautious progress through a water bearing dike. Progress continues with penetration through the dike.
$Continuing to Increase Mill Throughput Rates
While we are still batch processing ore through the mill, we achieved a weekly average of 4,700 tons per day (“tpd”) and maximum daily milling throughput of 5,000 tpd during March.
Concentrate grade continues to be achieved that comply with off-take specifications.
Concentrate grade has continued to rise, with an average grade of 26% achieved in March compared to 24% during January and February.
The Company is on schedule to reach steady-state production of approximately 5,000 tpd in the third quarter of 2021.
“We are pleased with the progress achieved in Q1 despite the challenges with lateral development and we look forward to the imminent blasting of our first high grade stopes,” stated Mike Ciricillo, Chief Executive Officer of Nevada Copper.
“As well as advancing our stope development, we look forward to further increases in underground development rates as we move closer to steady- state production in Q3 this year.”
Qualified Persons The information and data in this news release was reviewed by Greg French, C.P.G., and Norm Bisson, P. Eng., for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of The Pumpkin Hollow Copper Mine project - Located in Nevada, USA,
$Pumpkin Hollow Mine has substantial reserves and resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)
Copper prices have indeed found bullish resolution, with copper prices in the past two days rising to their highest level since February 25 – the day that the yearly high was established.
With a strong fundamental backdrop, the technical picture looks promising as well. Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope, which is in bullish sequential order. Daily MACD
$Nevada copper very Undervalued, oversold @ a bargain - the Cu investors have not discovered Nevada Copper yet - its a great opportunity, imo! :-)) Ex....
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with Stephen Gill, chairman of Nevada Copper, who discusses his company's copper project, where the underground mine is ramping up production and the open pit is fully permitted.
$SashaC thanks; Nevada Copper Corp (NEVDF) RE: At $4.50 copper, 2.3 billion fully diluted shares and 70,000 TPD open pit:
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton X 365 days per year = 225 million pounds plus 65 million pounds from underground = 290 million pounds X ~ $2.50 profit = $725,000,000 free cash-flow per year.
At $5.00 copper, 2.3 billion fully diluted shares and 70,000 TPD
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton X 365 days per year = 225 million pounds, plus 65 million pounds from underground = 290 million pounds X ~ $3.00 profit = $870,000,000 free cash-flow per year.
$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new copper, silver, gold mine - :-))
$Nevada Copper Provides Operations Update April 21, 2021 View PDF April 21, 2021 –
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (“Nevada Copper” or the “Company”) provides a project update for the underground mine at its Pumpkin Hollow project (the “Underground Project”).
The first stope will be mined in the East South Alphabets zone this week.
$The Alphabets zone is expected to carry copper equivalent grade of approximately 2.5%.
Ventilation Expansion
The electrical upgrades have been completed and the fan bulkhead is in the final stages of construction for installation of the remaining underground ventilation fans. Two additional underground ventilation fans, as previously announced, are on schedule for installation in May, which should enable further increases in underground development rates.
The surface ventilation fans remain on schedule for installation in the third quarter of 2021.
Lateral Development Lateral development in March increased 69% from February after the previously announced electrical upgrades were completed.
Lateral development early in the first quarter 2021 was slower than anticipated due to cautious progress through a water bearing dike. Progress continues with penetration through the dike.
$Continuing to Increase Mill Throughput Rates
While we are still batch processing ore through the mill, we achieved a weekly average of 4,700 tons per day (“tpd”) and maximum daily milling throughput of 5,000 tpd during March.
Concentrate grade continues to be achieved that comply with off-take specifications.
Concentrate grade has continued to rise, with an average grade of 26% achieved in March compared to 24% during January and February.
The Company is on schedule to reach steady-state production of approximately 5,000 tpd in the third quarter of 2021.
“We are pleased with the progress achieved in Q1 despite the challenges with lateral development and we look forward to the imminent blasting of our first high grade stopes,” stated Mike Ciricillo, Chief Executive Officer of Nevada Copper.
“As well as advancing our stope development, we look forward to further increases in underground development rates as we move closer to steady- state production in Q3 this year.”
Qualified Persons The information and data in this news release was reviewed by Greg French, C.P.G., and Norm Bisson, P. Eng., for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of The Pumpkin Hollow Copper Mine project - Located in Nevada, USA,
$Pumpkin Hollow Mine has substantial reserves and resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)
$Copper prices have indeed found bullish resolution, with copper prices in the past two days rising to their highest level since February 25 – the day that the yearly high was established.
With a strong fundamental backdrop, the technical picture looks promising as well. Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope, which is in bullish sequential order. Daily MACD
$Nevada copper very Undervalued, oversold @ a bargain - the Cu investors have not discovered Nevada Copper yet - its a great opportunity, imo! :-)) Ex....
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with Stephen Gill, chairman of Nevada Copper, who discusses his company's copper project, where the underground mine is ramping up production and the open pit is fully permitted.
$Nevada Copper Provides Update on Accelerating Stope Production and Ramp-Up Progress and Announces Appointment of Chief Executive Officer T.NCU YERINGTON, Nev., Oct. 06, 2021 (GLOBE NEWSWIRE) --
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDD) (“Nevada Copper” or the “Company”) today provided a further update on positive September operational performance at the Company’s underground mine at its Pumpkin Hollow Project (the “Underground Mine”). In addition, the Company is pleased to announce the appointment of Randy Buffington as President and Chief Executive Officer, further strengthening its senior management team as operational productivity and production ramp-up at the Underground Mine. September Operational Highlights
Higher Copper Production: Copper in concentrate produced during September increased by 265% compared to August driven by higher stope production. Approximately 30,386 tons of ore were processed yielding 682 tons of concentrate at an average grade of 22%, resulting in approximately 150 tons of copper production. Improved rate of stope turnover: Stoping has accelerated significantly since mid-August, with the second and third stope panels fully mined and a fourth stope panel expected to be mined this week. Further stopes are planned in October and November, and the high-grade Sugar Cube zone is also expected to begin to be mined during Q4. Increasing Development Rates: September saw the highest monthly development footage achieved since April 2021, with a 12% increase over August. Development activities included completion of the crossing of the water bearing dike, accessing additional stoping zones and installation of development infrastructure. A total of approximately 750 lateral equivalent feet was advanced in September. Mike Brown, outgoing Interim President and Chief Executive Officer, commented: “I am very pleased to see the improved trajectory in our production ramp-up and a recovery in productivities. The increased ore production was a key objective for September, and together with the improving productivities on site, along with the ongoing management strengthening, provide further confidence in the mine ramp-up.”
Management Update
Randy Buffington will join Nevada Copper as President and Chief Executive Officer with immediate effect. With extensive experience in underground and open pit mining operations, both in Nevada and internationally, Mr. Buffington has successfully delivered multiple project ramp-ups and productivity improvements in an underground setting, in addition to overseeing the development and operation of multiple large open pit projects. Most recently at Hycroft Mining, he was responsible for the operational reforms, successfully executing a project turnaround and delivering significant shareholder value as President and Chief Executive Officer. Previously, he held various senior management positions with Barrick from 2003 to 2012, overseeing North American and Zambian operations. He also held senior management positions with Placer Dome and Cominco.
Mr. Buffington brings a deep industry network in Nevada and a strong track record of value delivery in both operating underground mines and large open pit projects, ideally positioning him to lead Nevada Copper towards the delivery of steady state production from its Underground Mine and realizing the full potential of its fully-permitted open pit project and extensive landholdings within the Yerington Copper District.
“The addition of Mr. Buffington further strengthens the Company’s senior management team and provides deeply experienced, long-term leadership as the Company moves to complete the ramp-up of the Underground Mine and go on to maximize the full value of its open pit project and exploration targets,” stated Stephen Gill, Chairman of Nevada Copper.
“I look forward to working with the team at Nevada Copper as we continue to push and improve productivity and accelerate our transition into a commercial producer,” stated Randy Buffington, President and CEO of Nevada Copper. “There is a tremendous foundation to build on at Pumpkin Hollow and I am pleased to be leading the Company towards realizing its full potential as a mid-tier copper producer.”
Mike Brown will step down as Interim President and Chief Executive Officer and continue his active involvement and oversight through his ongoing role as director.
“On behalf of the Company, I would like to thank Mike Brown for his commitment as Interim President and Chief Executive Officer, and I look forward to his continued active involvement going forward,” stated Mr. Gill.
Qualified Persons The technical information and data in this news release was reviewed by Greg French, C.P.G., VP Head of Exploration of Nevada Copper, and Neil Schunke, P.Eng., a consultant to Nevada Copper, who are both non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
For further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179
Cautionary Language
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development, production and ramp-up plans.
Forward-looking statements and information include statements regarding the expectations and beliefs of management----expressed or implied by such forward-looking statements or information.
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