Nevada Copper Restarts of Copper Concentrate Deliveries at Pumpkin Hollow Underground Mine
[Click image to enlarge]
Nevada Copper has resumed deliveries of copper concentrate to its offtake partner following the restart of copper production in August 2020 at its Pumpkin Hollow Underground Mine.
“We are pleased to have resumed concentrate deliveries from Pumpkin Hollow, following the restart of milling operations as planned in August. We continue to work towards steady-state production and are pleased that the Main Shaft remains on schedule for completion in November,” said Evan Spencer, chief executive officer of Nevada Copper.
We are also pleased to welcome Dale Ekmark as the company’s chief operating officer. Dale brings decades of mining experience to Nevada Copper that will help lead the company to achieve top operational results,” added Spencer.
Concentrate Delivery and Processing Plant Restart
Nevada Copper has completed its first concentrate delivery following the restart of milling operations as announced on August 24, 2020, following a temporary suspension of copper production due to impacts of the COVID-19 pandemic. This first shipment comprised 1,322 tons of concentrate. Since the restart, concentrate specifications have been compliant with offtake requirements and concentrate grade is consistent with plan. Concentrate deliveries remain ongoing and are planned to continue with increasing volumes. Concurrent with the concentrate delivery, the company recommenced draws and repayments under its working capital facility.
Mine Development
Completion of main shaft transition to its permanent production configuration remains on schedule for completion in November 2020. Completion of the main shaft is a key milestone following which increased hoisting rates will allow mining operations to ramp-up towards mill design capacity.
The company’s underground lateral development rates continue as planned and are on schedule. 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.
Initial Mine Planning
The company has elected to reduce the size of certain early stopes in a localized area where initial ramp-up ore is planned. The move to initial smaller stopes in this area is a prudent short-term measure to further reduce mining risk and does not affect the life of mine resource. management is continuing to review cost impacts relating to initial smaller stopes.
The estimated timing for completion of the ramp-up remains subject to revision based on impacts of the COVID-19 pandemic and other factors. Management continues its review to determine the additional costs expected to result from ongoing mine planning and the effect of smaller initial stopes on the ramp-up and will provide further updates as appropriate.
About Nevada Copper
Nevada Copper is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada. 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.
To stop by Nevada Copper’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
