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Nevada Copper Corp.
Summary
| Project: | Pumpkin Hollow | |
|---|---|---|
| Deposit: | Pumpkin Hollow | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-11-2017: Nevada Copper Corp. announces a Pre-Feasibility Study report for its Pumpkin Hollow deposit at the Pumpkin Hollow project. Updated pre-feasibility results incl. post-tax NPV (5%) of $247M, IRR of 22.9%, LOM of 13.1yrs. Nevada Copper Corp. (“NC | |
| Resources: | (Reserve, P+P): 23.9Mt @ 1.59% Cu, 0.006oz/t Au, 0.139oz/t Ag at project | |
| CP/QP: | [Resources]: Gregory French; Timothy Arnold; Robert McKnight (Internal) | |
| ABSTRACT: | Nevada Copper Corp. (“NCU” or “Nevada Copper”) controls approximately 17,500 acres of contiguous mineral rights near Yerington Nevada, including approximately 10,700 acres of private land and leased patented claims (the “Pumpkin Hollow Property” or “the Property”). The Property contains two adjacent but unconnected copper gold and silver deposits separated by approximately two miles. Since the Property was acquired by NCU in 2006, these deposits have been extensively drilled and the subject of several previous engineering reports. The eastern-most (“Eastern Area”) deposits are too deep for open pit mining and modelling by previous engineering studies has presented them as being amenable to mining by underground methods. The western-most (“Western Area”) deposits are larger and shallower, and modelling by previous engineering studies has presented them as being amenable to mining by open pit methods. In July 2015, a technical report feasibility study was completed and filed on SEDAR, this 2015 study evaluated the development of a 70,000 stpd mine with open pit and underground mining of the both of the deposits, providing mill feed to single large concentrator. The technical and scientific information in the 2015 study is materially unchanged and relevant, and remains as one of the viable development options (cases) for the Property. In early 2017 Nevada Copper retained Sedgman Canada Limited (SDM) and Mining Plus Pty Ltd (MP) to complete a Prefeasibility Study (“PFS”) for a 5,000 short tons per day (stpd) that evaluates a potential underground copper mine, processing plant and associated infrastructure, accessing the Eastern Area underground deposits. | |
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