Nevada Copper Announces Strengthening of Senior Management Team With the Appointment of Andre van Niekerk as Chief Financial Officer

YERINGTON, Nev., July 05, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to the announce the appointment of André van Niekerk as Chief Financial Officer, effective July 13, 2020.

Mr. van Niekerk was previously the CFO of Golden Star Resources where he oversaw the commissioning and ramp-up of multiple new mining operations, in addition to the upgrade of company-wide ERP and management reporting and control systems during his 14-year tenure. Mr. van Niekerk has extensive capital market experience and was responsible for financing the development of the two underground mines and the continuous optimization of the company’s balance sheet. Previously he held senior positions with KPMG.

The arrival of Mr. van Niekerk is part of the build-out and strengthening of the Nevada Copper team, following the recent appointments of Evan Spencer as Chief Executive Officer and Kalidas Madhavpeddi as Technical Advisor. These senior appointments, in addition to a range of additions to the team across key disciplines including technical services, planning and finance further strengthen the team as the Company prepares for the restart of production at Pumpkin Hollow as previously announced on July 3, 2020.

The Company expects start-up of milling operations next month, with a short ramp-up to full production capacity in Q4. Pumpkin Hollow previously commenced ramp-up of operations in Q1 2020, and benefits from a period of accelerated mine development during Q2 2020, resulting in a materially de-risked path to full scale production over the coming months.

Evan Spencer, Chief Executive Officer of Nevada Copper, stated: “We are very pleased to welcome André to the Nevada Copper team as we prepare to commission the Main Shaft and plan to restart production at Pumpkin Hollow. André will strengthen and complement our team as we further develop and grow our business. His experience is particularly valuable as we seek to drive efficiencies at our producing underground mine, and further in the future begin to prepare for project financing of our permitted large-scale open pit project. We wish to thank Braam Jonker for his dedication and contributions to Nevada Copper as Chief Financial Officer over the last two years.”