Nevada Copper Updates Feasibility Study Progress

Nevada Copper (TSX:NCU) provided an update on progress of the Definitive Feasibility Study (DFS) that was first announced on November 25, 2010. The DFS is scheduled for completion by June 30, 2011.

The press release is quoted as saying:

Robert McKnight, Executive Vice President of Nevada Copper, comments, “We are very pleased with progress on the feasibility study to date.  This work has focussed on various trade-off studies and finalizing an updated mineral resource estimate as a basis for the DFS reserve estimate.  Work now will advance to detailed work on all aspects of the staged mine development platform, mine and mill design, equipment selection, developing mine production schedules, development of capital & operating costs and provision for the related project infrastructure requirements.  Meantime, State permits allowing for the start on underground access to the East and E2 deposits are expected by the end of the first quarter, 2011.”

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