Nevada Copper Announces Development Plan for Optimized Underground Mine and Appoints Chief Operating Officer

Nevada Copper Corp. (TSX:NCU) (“Nevada Copper” or the “Company”) is pleased to announce a development plan to swiftly advance the Pumpkin Hollow Underground Mine Project (the “Underground Project”) at Nevada Copper’s 100% owned Pumpkin Hollow Copper Property (“Pumpkin Hollow”) to construction phase, with the objective of making a construction decision by mid-2018 and realizing first copper production in 2019.
As quoted in the press release:

Highlights:

• Completion of Optimized Underground Project Study: Release of the results of a Pre-Feasibility Study on the Underground Project (the “PFS”), with a new focus on reduced capital costs, and a mine plan oriented towards the extraction of higher-grade, higher-margin ore;

• Chief Operating Officer Appointment: The appointment of Phillip Day as Chief Operating Officer, as Nevada Copper moves forward with a construction restart of the  Underground Project;

• Financial Support: Financial support from Pala Investments, Nevada Copper’s largest shareholder, to deliver a project financing package for the construction of the Underground Project, together with existing and new investors;

• Development Plan: Development milestones and timeline for the Underground Project; and

• Open Pit Project Optimization: Significant opportunities identified for open pit optimization.

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