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| |  Nevada Copper owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada. Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totalling 5.6 Billion pounds of Copper plus additional Inferred Resources of 3.7 Billion pounds of Copper (all using a 0.2% copper cutoff grade). This 9.3 Billion pound copper resource, 1.45 million ounces of gold, 55 million ounces of silver and 130 million tons of contained iron in 361 million tons at an average grade of 36% iron at a 20% iron cutoff was estimated effective June, 2009. Contained within the larger resource is a high grade component of 77 million tons grading 1.7% Copper at a 1.0% cutoff containing 2.6 Billion pounds of Copper. Ongoing drilling has yet to define the limits of this world class Copper-Iron-Gold-Silver deposit. Robust Preliminary Economic Assessment (PEA) results were announced on March, 17, 2008, and updated December 1, 2009 to incorporate a High Grade Case. The initial PEA demonstrated that at a US$1.75 long term copper price, the Pumpkin Hollow Copper Project has a US$784 Million NPV at an 8% discount, with an IRR of 24%. At a US$2.50 copper price the project's discounted NPV at an 8% discount increases to US$1.1 Billion. The updated PEA assuming a High Grade Case demonstrated that at a US$2.50 copper price, The Pumpkin Hollow Copper Project has a US$498 Million NPV at an 8% discount with an IRR of 44% and Capex of $192 Million. At a US$3.00 copper price the project's discounted NPV at an 8% discount increases to US$ 784 Million. The NI43-101 compliant technical report highlighted several additional areas that have the potential to further improve the already solid economic base. The detailed PEA can be accessed at http://www.nevadacopper.com/i/pdf/PumpkinPEA-01-13-10Rev-Final.pdf 
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 Nevada Copper Corp.
TSX: NCU 
Click to download (PDF) The Northern Miner - Nevada Copper tweaks Pumpkin Hollow scoping study, December 21, 2009 The Northern Miner - Nevada Copper Article, December 7, 2009
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