Nevada Copper Provides Operations Update, Executes Long-Term Mining Contract, Identifies New Zones of Copper Mineralization

YERINGTON, Nev., June 16, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to provide a further update on progress towards the restart of production at its Pumpkin Hollow underground mine, and identification of further new zones of copper mineralization in further expanded land holding.

Restart Preparations and Accelerated Mine Development

The Company continues preparations for the recommencement of processing operations, suspended due to the impact of COVID-19. Considerable progress has been made with its previously reported accelerated mine plan, including:

	•	Vertical Development:
			•	With the completion of Main Shaft deepening to the final depth of 2,131 ft., the shaft changeover to production configuration has commenced and is tracking on schedule
			•	Installation of permanent ore handling system at the Main Shaft headframe is also progressing on schedule
	•	Ongoing Lateral Development Mining:
			•	Further increases in rates of lateral development and expedited excavation of key underground infrastructure in preparation to shift focus to development of stope inventory
			•	Further increase of ore stockpile ahead of the process plant restart, sitting at over 114,000 tons as of May 31
	•	Process Plant:
			•	Phased remobilization of plant personnel has commenced
			•	Preparations ongoing for the recommencement of processing operations targeted in August this year

The Company’s accelerated development plan is progressing well towards the restart of concentrate production in Q3 2020, subject to revision based on impacts of the COVID-19 pandemic and other factors.