Nevada Copper Provides Update on Project Development Objectives - Seite 4

Project Expansion

The underground mine main shaft was originally constructed with a design capacity that exceeds the currently planned mine production rates. Following achievement of sustainable steady-state production, the Company expects to continue to evaluate future opportunities to leverage the original shaft design capacity and potential expandability of mill throughput with the aim to expand long-term production rates.

Timeline and Next Steps

The Company anticipates that the development work described above will commence in 2021 after the completion of the ramp-up of the underground mine and will continue beyond year end. The work is expected to be completed in stages according to the Company’s strategic priorities at the time and will be subject to the availability of the Company’s cash resources.

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About Nevada Copper

Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

NEVADA COPPER CORP.
www.nevadacopper.com

Mike Ciricillo, President and CEO

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
[e-mail]
[phone]

Cautionary Language

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to mine development plans, production and ramp-up plans and the expected timing and results thereof, exploration activities, and updates to resource and reserve estimates.