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 life-of-mine.

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
Nevada Copper is now fully permitted to start construction and operate its Pumpkin Hollow openpit and underground copper project, which CEO and president Giulio Bonifacio describes as “one of the best mining jurisdictions in the world”.

The final reclamation permit is rendered effective as of August 14, 2015, as no appeals were filed during the appeal period for the outstanding revised reclamation permit, which expired on August 9, the Vancouver-based project developer has explained.

Nevada Copper continues to advance financing options and expected these developments to further enhance financing opportunities.

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.