Nevada Copper Announces Resumption of Ore Processing Operations at Pumpkin Hollow - Seite 2

Paste plant commissioned and first stope back filled: The initial stope in the 2023 mining sequence was mined in July and August with 9,000 tons of ore extracted in the Sugarcube area of the East South (ES) Zone. Stope back filling activities began in September and a full stope was backfilled, completing successful testing of both the surface paste plant and the underground paste delivery system. This Sugarcube stope is part of the ES Zone planned stopes and ground conditions encountered during mining were conducive to a successful paste back fill. Drilling and blasting on the next planned stope in the Alphabet area of the ES Zone is in progress and is expected to yield 20,000 tons of ore by the end of October.

Remaining capital projects progressing: Work on the underground crusher and ore handling system is progressing. The Geho dewatering system is mechanically complete with electrical and piping installation in process and expected to be completed and commissioned by the end of October 2023.

Geho Pumps installed and mechanically complete

Grizzly installation and truck ore loading pocket foundation pours

Regional drilling program commences: One reverse circulation drill is planned to be on site starting the week of October 2, 2023. The primary goal of the 5,000-foot drill program is to follow-up on the recent results and historic sampling that are discussed in the Nevada Copper news release dated July 26, 2023. The Copper Ridge and Dimples target areas are outside of the current mineral resources and have the potential to establish additional mineral resources within the Pumpkin Hollow property.

Workforce growing at a rapid pace: The Nevada Copper workforce has more than doubled to over 200 employees over the last year with the most significant additions in technical roles as well as mining and process teams.

Qualified Person

The technical information and data in this news release has been reviewed by Steve Newman, Registered Member – SME, Vice President, Technical Services for Nevada Copper and Greg French, C.P.G., VP Exploration for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.

About Nevada Copper

Nevada Copper (TSX: NCU) is the owner of the Pumpkin Hollow copper project located in Nevada, USA with 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 undergoing a restart of operations, and a large-scale open pit PFS stage project.