Nevsun Files Technical Report for Timok Upper Zone

Nevsun Resources (TSX:NSU) has announced that the Timok Upper Zone National Instrument 43-101 pre-feasibility study technical report has been filed and is available for review under the Company’s profile on SEDAR and on the Company’s website.

As quoted in the press release:

The Timok Upper Zone is one of the best undeveloped copper projects globally. The recently released pre-feasibility study results demonstrate the project’s sector-leading returns with an after-tax NAV8 percent of US$1.8 billion and IRR of 80 percent at US$3.15 per pound copper. The company announced receipt of the exploration decline permit in February and construction will commence in early June.

Resource calculations are underway following completion of the US$20 million Timok Lower Zone drill program which highlighted the deposit’s significant scale and impressive grades. The initial resource will be released in mid-2018 and is expected to demonstrate the potential addition of a world scale copper-gold porphyry to Nevsun’s Serbian portfolio of assets.

Click here to view the full Nevsun Resources Ltd. (TSX:NSU) press release.