Business & Investment

Nevada Copper provides up-to-date information on operational advances

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Yerington, Nevada, November 30, 2021 (Globe Newswire) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)
(FSE: ZYTA) (“” Nevada copper ” or ” society Today, we have provided the latest information on our business, including the progress of our underground mine (“Underground Mine”) in the Pumpkin Hollow Project and the update of our development plan for 2022.

Highlights of the underground mining business

  • Lateral development rates continue to rise. The company has advanced about 760 lateral equivalent feet in the last 30 days, increasing the average daily footage by 20% from the last 30 days. Lateral development continues under multiple headings, providing access to the ore mining zone of the Southeastern ore and proceeding towards the Tohoku ore.
  • Sugar cubes that will soon be blown up. The high-grade Sugar Cube zone will be drilled in December and mining will begin in the beginning of the first quarter of 2022. This will be the first stop to be mined in the Tohoku ore body, which is expected to be significantly larger with higher quality ground conditions. Stop size.
  • The processing plant is operating smoothly. The mill will continue to operate with design specifications in which grinding, flotation, thickening, and concentration filtration circuits work mechanically well. We expect to improve production and recovery by adding a sugar cube zone to the ore supply of our processing plants in the first quarter of 2022.
  • Surface ventilation fan on schedule. The surface ventilation fan will arrive at the site in about three weeks and installation and commissioning will be completed on time as required by the mine plan.

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2022 Development Plan Update

  • Excavation and progress of open pit mining. With additional funding received from our recent public equity offering, we have conducted an infill drilling campaign and updated our open pit surveys to reflect opportunities for scaling, larger resources and other optimized workstreams. intend to do something. The latest information on our 2022 development plan will be released shortly.

Randy Buffington, President and Chief Executive Officer, said: “Ore development rates continue to grow on a weekly basis, providing access to larger high-definition stops shortly, which will allow fully operational processing plants to further the ramp-up process. It is expected that the amount of ore supplied to will increase. “

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Qualified person
Technical information and data for this news release are provided by Greg French, Vice President of Exploration for Nevada Copper, CPG, and Neil Schunke, P. Eng, Consultant for Nevada Copper. Reviewed by. Of NI43-101.

About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow Copper Project. Pumpkin Hollow, located in Nevada, USA, has abundant reserves and resources such as copper, gold and silver. The two fully licensed projects include high-grade underground mines and processing facilities currently in production and large-scale open pit mining projects moving towards a state of feasibility.

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Nevada Copper Co., Ltd.
www.nevadacopper.com

Randy Buffington, President and CEO

For more information, please contact:
Rich Matthews, for investors
Integrated communication
rmatthews@integcom.us
+1 604 757 7179

Attention language

This news release contains specific statements and information that make up forward-looking information within the meaning of applicable Canadian securities law. All statements in this news release are forward-looking statements, except for historical facts. Such forward-looking statements and forward-looking information specifically relate to the purpose of mine development, production and start-up, equipment installation, drilling programs, and completion of new feasibility studies. Includes, but is not limited to.

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Forward-looking statements and information include statements about management expectations and beliefs. In many cases, but not always, forward-looking statements and forward-looking information are “planned,” “expected,” “potential,” “expected,” “expected,” and “targeted.” It can be identified using words such as “become”. , “Budget,” “Appointment,” “Estimate,” “Forecast,” “Intention,” “Forecast,” “Believe,” or their negative, or such words that indicate a particular action, event, or result. Variations of a phrase or statement “possible,” “possible,” “possible,” “possible,” or “possible” are acquired, generated, or achieved. .. Forward-looking statements or information should not be read as a guarantee of future performance and results. They are affected by known and unknown risks, uncertainties, and other factors, and actual results and events are future results, performance expressed or implied by such forward-looking statements or information. , Or can be very different from the outcome.

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Such risks and uncertainties include, but are not limited to, those related to: Our ability to complete the launch of an underground mine within the expected cost estimate and time frame. No guarantees can be made regarding the requirements for additional capital and its availability. The impact of the COVID-19 pandemic on our business and operations. Financial market conditions; Loss history; Dilution; Adverse events related to milling operations, construction, development and start-up, including our ability to address underground development and process plant issues. Ground conditions; cost overruns associated with the development, construction and start-up of underground mines. Loss of material properties; interest rates rise. World economy; Limited production history; Future metal price fluctuations; Speculative nature of exploration activities; Periodic interruptions in exploration, development and mining activities. Environmental hazards and responsibilities; Occupational accidents; Treatment and mining equipment does not work as expected. Labor disputes; supply problems; uncertainties in production and cost estimates. Interpretation of drilling results and estimation of mineral resources and reserves. Project parameters change as the plan continues to be refined. Potential fluctuations in ore reserves, mineralization grades, or recovery rates from management expectations, and their differences can be significant. Legal and regulatory procedures and community behavior. Accident; The title is important. Regulatory approval and restrictions. Increased costs and physical risks associated with climate change, including extreme weather, and new or revised regulations related to climate change. Permits and licenses; market price volatility of our securities. Insurance; Competition; Hedging activity; Currency fluctuations; Loss of key employees. Other risks in the mining industry, as well as discussions and analysis by our management regarding the fiscal year ended December 31, 2020, and entitled “Risk Factors” in our annual information form dated March 18, 2021. The risks discussed in the section. If one or more of these risks or uncertainties become apparent, or if the underlying assumptions are found to be incorrect, the actual results shall be those stated in the forward-looking statements or information. It can be significantly different. Forward-looking information or statements are current as of the date of this document. Nevada Copper disclaims any intent or obligation to update any forward-looking statement or information, except as required by law. Readers should refer to additional information about Nevada Copper’s business contained in the Nevada Copper report submitted to Canadian securities regulators. We have sought to identify significant factors that may cause actual actions, events, or outcomes to differ materially from those described in our forward-looking statements, but the actions, events, or outcomes are unexpected. There may be other factors that can be. Estimated or intended. For more information on the risks and challenges of Nevada Copper and its businesses, investors should review the Nevada Copper filing. www.sedar.com ..

Nevada Copper says that forward-looking statements and information will be proven to be accurate, as actual results and future events may differ materially from those expected in such statements or information. There is no guarantee. Therefore, readers should not place excessive reliance on forward-looking statements or information.

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Nevada Copper provides up-to-date information on operational advances

https://financialpost.com/globe-newswire/nevada-copper-provides-update-on-operational-advances Nevada Copper provides up-to-date information on operational advances

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