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Pumpkin Hollow copper project, US

7th August 2015

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Pumpkin Hollow copper project, Nevada, US.

Client
Nevada Copper Corporation.

Project Description
The Pumpkin Hollow copper project has proven and probable mineral reserves, including openpit and underground, of 572-million tons of ore grading 0.47% copper equivalent, containing 5.05-billion pounds of copper, 761 000 oz of gold and 27.6-million ounces of silver.

An integrated feasibility study on the project has confirmed the technical and financial viability of building and operating a 70 000 t/d copper mining and processing operation comprising a single large concentrator, with mill feed from openpit and underground operations.

The project development proposes a 63 500 t/d openpit mine and 6 500 t/d underground mine feeding a single 70 000 t/d concentrator, generating substantial yearly cash flow over LoM.

Net Present Value/Internal Rate of Return
The project has a net present value, at a 5% discount rate, of $1.1-billion, an after-tax internal rate of return of 15.6%, with 4.7-year payback.

Value
Initial capital costs are estimated at $1.04-billion including contingencies.

Duration
Production ramp-up is targeted for 2018.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Nevada Copper Corporation, tel +1 604 683 8992, fax +1 604 681 0122 or email info@nevadacopper.com.

Edited by Creamer Media Reporter

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