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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 stage copper property and as at March 2011 contains:
- Measured and Indicated Resources totalling 5.9 Billion pounds of Copper plus additional Inferred Resources of 3.7 Billion pounds of Copper (all using a 0.2% copper cutoff grade);
- 1.6 million ounces of gold in Measured and Indicated Resources plus 716,000 ounces in Inferred resources;
- 42 million ounces of silver in Measured and Indicated Resources plus 21.8 million ounces in Inferred resources.
- 111 million tons of contained iron in 341 million tons at an average grade of 33% iron at a 20% iron cutoff in the Measured and Indicated Category.
For further detailed information please refer to the Resource Section.
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. For further detail please refer to PEA 2008
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.
Cautionary Note
According to National Instrument 43-101 guidelines, a PEA is considered preliminary in nature and includes the use of inferred mineral resources which are considered too speculative geologically to apply economic considerations that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not demonstrated economic viability. Thus, there is no certainty that the production profile concluded in the PEA will be realized. Actual results may vary.
Jan 23, 2012
News Releases
Nevada Copper Announces Positive Feasibility Study Results (more...) | Jan 17, 2012
News Releases
Nevada Copper Hosts Conference Call to Discuss Pumpkin Hollow Definitive Feasibility Study Results (more...) | Jan 09, 2012
News Releases
North Deposit Continues to Expand - NC1127 Intersects Mineralization Totaling 912 Feet Grading 0.96% Copper (more...) |
For further information call:
Attention: Eugene Toffolo
Phone: 604.683.8266
Toll Free (North American): 1-877-648-8266
Susan L. Bertling
Corporate Communications
Phone: 604.688.7508
info@nevadacopper.com
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