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Be the first with the news that moves the market- Nevada Copper (TSX:NCU) has revealed its full timeline to restart operations at The Pumpkin Hollow Underground Mine in Nevada
- The company expects the site’s mill to begin working through stockpiled ore by mid-August
- Pumpkin Hollow’s main shaft has been sunk to its final depth and is now being developed for mining operations
- The company is currently pulling out 1,000 tonnes of mineralised material a day and the mine’s lateral development is ahead of schedule
- Nevada Copper (NCU) is in the grey and is trading at C$0.20 per share
Nevada Copper (TSX:NCU) has outlined the restart plans for its Pumpkin Hollow Underground Mine.
The junior copper producer expects to have the site’s mill restarted by mid-August.
The initial mill feed will come from the company’s stockpiled ore, which is expected to last until the site is ready to re-commence mining work.
Nevada Copper believes it will be back mining again by the fourth quarter and plans to scale up to full production capacity by the end of the year. The mine site’s shaft has been sunk to its final depth and is being equipped for final production configuration.
Lateral underground work is progressing ahead of schedule and is moving 1,000 tonnes of material a day out of the mining area.
The company is investigating how to extract copper from this new material, which is mostly above cut-off grades.
The site’s workforce will be fully-mobilised by July and the main shaft will begin hoisting ore by November.
CEO of Nevada Copper, Evan Spencer said the Pumpkin Hollow management team is making excellent progress.
“Operational readiness is now well on-track and we are continuing the re-mobilisation of our workforce.
“We are entering exciting time as we prepare to commission the Main Shaft and plan to bring the Pumpkin Hollow underground mine into full scale production in the fourth quarter,” he said.
Nevada Copper (NCU) is in the grey and is trading at C$0.20 per share at 10:45 am EDT.
