Nevada Copper to start construction of $1.04bn Pumpkin Hollow copper mine project in US

17 August 2015 (Last Updated August 17th, 2015 18:30)

Nevada Copper is set to construct and operate its $1.04bn, 70,000t per day Pumpkin Hollow open pit and underground copper mine project near Yerington, Nevada in the US after receiving the final permit.

Pumpkin Hollow

Nevada Copper is set to construct and operate its $1.04bn, 70,000t per day Pumpkin Hollow open pit and underground copper mine project near Yerington, Nevada in the US after receiving the final permit.

According to the company, the appeal period for the outstanding revised reclamation permit expired on 9 August 2015 with no appeals filed.

The permit is effective as of 14 August 2015 and was the final outstanding permit that was needed for construction and operation of the project.

Nevada Copper president and CEO Giulio Bonifacio said: "Achievement of a fully permitted project is an enormous achievement and, for Pumpkin Hollow, the culmination of years of effort by many people.

"Pumpkin Hollow has a long life and low operating cost, confirmed by our recently-completed Integrated Feasibility Study with additional upside as demonstrated by recent drilling results.

"Pumpkin Hollow has a long life and low operating cost."

"What makes Pumpkin Hollow truly unique, however, is that it is now a fully-permitted copper project located in Nevada - one of the best mining jurisdictions in the world."

The project is 100%-owned by Nevada Copper and has an estimated reserve of 5.05 billion pounds of copper, 760,585 ounce ounces of gold and 27.6 million ounces of silver.

Nevada Copper completed the integrated feasibility study for the project in May 2015 and plans to secure financing to allow for advancement of the project.


Image: Nevada Copper receives final permit for Pumpkin Hollow underground copper project. Photo: courtesy of NEVADA COPPER CORP