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Nevada Copper Corp. has provided an operations update and has filed its third quarter 2020 financial statements.
Q3 2020 Highlights
Operations
During Q3 2020, the Company made notable progress in its previously announced accelerated development plan, re-mobilized its workforce and re-started the processing plant at its underground project (the "Underground Project") on August 20, 2020. Milestones for the quarter include:
Mill Restart - On August 20, 2020, the Company restarted its processing plant at the Underground Project following the temporary suspension of copper production due to impacts of the COVID-19 pandemic. During the quarter, the processing plant continued to improve on its performance achieving single day throughput milestones of 4,440 tons (representing approximately 90% of design throughput). Processing plant performance continues to improve with recoveries increasing 10% in October when compared with September.
Concentrate Delivery - During the quarter, the processing plant processed 125,796 tons of blended material consisting of stockpiled low-grade mineralized material and development ore. Concentrate production in Q3 totaled 1,050 dry metric tons ("dmt") at 24.7% copper. The Company shipped a combination of inventoried material from April and current quarter production totaling 1,179 dmt at a concentrate grade of 22.4%. October concentrate shipments increased 166% from September and the Company continued to deliver on-spec copper concentrates to its offtaker, with the Company shipping 1,461 dmt at a concentrate grade of 25.5% copper during the month.
Main Production Shaft Equipping - The Company has completed equipping of the Main Production Shaft. Work is ongoing to complete the remaining loading pocket. By the third week of November the Company plans to use the Main Shaft to transfer materials, supplies and people, freeing the East North Vent Shaft to be used exclusively for development ore and waste movement, with a resultant expected increase in ore hoisting rates.
Lateral Development - Lateral development rates of the revised mine plan and hoist rates via the East North Vent Shaft are ahead of targets. Ore grades encountered in ongoing development continue to reconcile well to resource model grades, and hoisted development ore grades have increased in line with the commencement of stope development.
Mining - During the third quarter, the Company hoisted an average of a 1,000 tons of material per day from the East North Vent Shaft, which was approximately 30% better than planned hoisting rates. The Company has initiated mining activities in stope ore with stope development grades in October reaching over 2% copper equivalent.
Materials Handling - During the quarter, the surface materials handling infrastructure has been completed and moved into the permanent location and staged commissioning has commenced. The Company is testing the communication system and interactions of these sections to ensure ramp-up can be accelerated once the underground conveyor is installed later in Q4 2020.
diese Nachricht ist von heute ..
YERINGTON, Nevada, 10. November 2020 (GLOBE NEWSWIRE) - Die Nevada Copper Corp. (TSX: NCU) („Nevada Copper“ oder das „Unternehmen“) freut sich, ein Betriebsupdate zur Verfügung zu stellen und gibt die Einreichung ihrer Informationen bekannt Q3 2020 Jahresabschluss.
https://www.globenewswire.com/news-release/2020/...al-Statements.html
Nevada Copper Announces Financing Package
YERINGTON, Nev., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce the execution of binding agreements with respect to a financing package that will provide liquidity for the continued ramp-up of operations at the Company’s underground project (the “Underground Project”).
Financing Package Highlights:
Mike Ciricillo, Chief Executive Officer of Nevada Copper stated: “On behalf of the entire Company, I want to sincerely thank KfW for its ongoing support of the Company. The package not only meets the projected requirements of the ramp-up, but provides additional contingency headroom for the Company.”
Commenting on the ramp-up plans he added: “With the Main Shaft materials handling system on track for mechanical completion in December, we expect to see hoisting rates increase significantly as planned in the coming weeks during final commissioning. Along with this significant milestone, the positive conclusion of KfW’s independent engineer review further validates our ramp-up plans.”
As previously announced, the Company completed a geotechnical review and elected to reduce the size of certain early stopes in a localized area where initial ramp-up ore is planned. While the move to initially smaller stopes in the Upper East South zone will further de-risk the Underground Project and does not affect the life of mine resource, the change has increased the Company’s costs in the short-term. The Company expects that the new financing package will address the cost increases resulting from the geotechnical changes and enable the Company to complete the ramp-up of the Underground Project.
The Company expects to close the financing package by the end of 2020 and will continue to review opportunities to supplement and optimize the financing package.
https://www.globenewswire.com/news-release/2020/...ncing-Package.html
Nevada Copper Corp. (TSX: NCU) (OTC:NEVDF) (“Nevada Copper” or the “Company’’) is pleased to announce the completion of the underground materials handling system of the main shaft. The materials handling system represents a significant milestone in the construction of the Company’s underground project which included sinking the vent shaft, sinking the main shaft, and construction of the processing plant. The completion of this milestone allows for a significant increase in hoisting rates, from currently 1000 tpd to ultimately 5000 tpd once commissioning and ramp-up are completed. This is expected to enable the underground mine to deliver substantially higher volumes of ore directly from the mine to the processing plant.
Mike Ciricillo CEO of Nevada Copper comments, “I am very pleased we have achieved this construction milestone.With the completion of the materials handling system, we can now utilize the full hoisting capacity of the main shaft as we ramp up the mine towards full production.The team, both Nevada Copper and contractor employees, worked hard, worked together, and more importantly, worked safely, to achieve this result.I’m proud of the team and proud to be a part of Nevada Copper.”
https://www.minenportal.de/artikel/...-Key-Underground-Milestone.html
noch ein Gesundes Neues Jahr
auf ein erfolgreiches Jahr 2021 mit NCU,
und das die "nassen Fo..." wieder trocknen werden!
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