Nevsun Provides Update on Copper Development Activities

Nevsun Resources Ltd. (TSX:NSU) announced its financial and operating results for the first quarter of 2012 and also commented on its copper development activities during the period.

As quoted in the press release:

The Company continued work on copper phase development activities during Q1 2012, expending $11 million on terracing, other civils works and completing detailed design work. Total capital for the copper plant phase is expected to be approximately $100 million, of which $63 million has been spent, ordered or arranged. Ordering of major components is complete and the copper flotation plant is targeted to be operational in mid-2013.

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