YERINGTON, Nev., March 20, 2023 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) ("Nevada Copper" or the "Company") today announced that it has filed its audited consolidated financial statements, management's discussion and analysis ("MD&A") and Annual Information Form ("AIF") for the year ended December 31, 2022. These filings can be found on the Company's website at and the Company's SEDAR profile at .
Randy Buffington, President & CEO stated, "We continue to make excellent progress on the construction projects that are required ahead of stope mining and milling activities at Pumpkin Hollow. The vent shaft stripping and excavation for the ore handling system are well underway. Ongoing mining and development activities advancing towards higher grade EN Zone stoping areas continue to demonstrate competent rock quality and ground conditions as predicted in the geotechnical rock model, fully in-line with expectations. We are currently on track to meet our primary restart and ramp-up goal of achieving nameplate milling capacity by the end of 2023."
2023 Outlook
Nevada Copper's principal objective for 2023 is to have the Underground Mine operating at nameplate milling capacity of 5,000 tons per day by year end with all critical underground infrastructure complete and sufficient advance development to support sustained operations. Underground lateral development of 24,000 feet is planned for 2023 to establish capital headings and stope development ahead of the commencement of stope mining planned in the third quarter of 2023. Mill restart is scheduled for late Q3 2023 at an expected rate of approximately 3,500 tons per day, ramping up to 5,000 tpd by the end of 2023.
About Nevada Copper
Nevada Copper (TSX: NCU) is the owner of the Pumpkin Hollow copper project located in Nevada, USA with 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 undergoing a restart of operations, and a large-scale open pit PFS stage project.
Randy Buffington
President & CEO
For additional information, please see the Company's website at , or contact:
Tracey Thom | Vice President, IR and Community Relations
tthom@nevadacopper.com
+1 775 391 9029
Cautionary Language on Forward Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking information and forward-looking statements specifically include, but are not limited to, statements that relate to development and restart and ramp-up plans and activities at the Underground Mine and the timing in respect thereof.
Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
Such risks and uncertainties include, without limitation, those relating to: requirements for additional capital and no assurance can be given regarding the availability thereof; [the outcome of discussions with vendors;] [Note to NCU: Is this still relevant? If not, it can be deleted here and in the MD&A and AIF.] the ability of the Company to complete the restart and ramp-up of the Underground Mine within the expected cost estimates and timeframe; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and restart and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction and restart and ramp-up of the Underground Mine; loss of material properties; interest rate increases; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labour disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management's expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; dependence on management information systems and cyber security risks; volatility of the market price of the Company's securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company's Management's Discussion and Analysis in respect of the year ended December 31, 2022 and in the section entitled "Risk Factors" in the Company's Annual Information Form dated March 20, 2023. The forward-looking statements and information contained in this news release are based upon assumptions management believes to be reasonable, including, without limitation: no adverse developments in respect of the property or operations at the project; no material changes to applicable laws; the restart and ramp-up of operations at the Underground Mine in accordance with management's plans and expectations; no material adverse impacts from COVID-19 going forward; the Company will be able to obtain sufficient additional funding to complete the restart and ramp-up of the Underground Mine, no material adverse change to the price of copper from current levels; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended.
The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information and statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. Specific reference is made to "Risks and Uncertainties" in the Company's Management's Discussion and Analysis in respect of the year ended December 31, 2022 and "Risk Factors" in the Company's Annual Information Form dated March 20, 2023, for a discussion of factors that may affect forward-looking statements and information. Should one or more of these risks or uncertainties materialize, should other risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results and events may vary materially from those described in forward-looking statements and information. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at .
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
內華達州葉靈頓,2023年3月20日(環球通訊社)內華達銅業(多倫多證券交易所股票代碼:NCU)(場外交易代碼:NEVDF)(證券交易所市場代碼:ZYTA)(“內華達銅業”或“公司”)今天宣佈,它已經提交了截至2022年12月31日的經審計的合併財務報表、管理層討論和分析(“MD&A”)和年度資訊表(“AIF”)。這些檔案可以在公司網站上找到,公司的SEDAR簡介可以在上找到。
總裁首席執行官蘭迪·巴芬頓表示我們繼續在南瓜谷採場採礦和磨礦活動之前所需的建設專案上取得良好進展。礦石處理系統的通風井剝離和挖掘工作正在順利進行。向更高等級EN區域採礦區推進的持續採礦和開發活動繼續展示出岩土岩石模型預測的合格岩石質量和地面條件,完全符合預期。我們目前正在實現到2023年底達到銘牌磨礦能力的主要重新啟動和提升目標。
2023年展望
內華達銅業2023年的主要目標是使地下銅礦在年底前以每天5,000噸的銘牌磨礦能力運營,並完成所有關鍵的地下基礎設施,並進行足夠的先期開發,以支持持續運營。計劃在2023年進行24,000英尺的地下橫向開發,以在計劃於2023年第三季度開始採場開採之前建立資本標題和採場開發。工廠計劃於2023年第三季度末重新啟動,預計速度約為每天3,500噸,到2023年底將達到每天5,000噸。
關於內華達銅業
內華達銅業(多倫多證券交易所股票代碼:NCU)是位於美國內華達州的南瓜谷銅礦專案的所有者,擁有豐富的儲量和資源,包括銅、金和銀。它的兩個完全獲準的專案包括正在重啟運營的高品位地下礦山和加工設施,以及一個大型露天加油站階段專案。
蘭迪·巴芬頓
總裁兼首席執行官
欲瞭解更多資訊,請訪問公司網站,或聯繫:
特蕾西·託姆|總裁副局長、國際關係與社區關係
郵箱:tthom@nevadacopper.com
+1 775 391 9029
關於前瞻性陳述的警示性語言
本新聞稿包含適用於加拿大證券法的“前瞻性資訊”和“前瞻性陳述”。除有關歷史事實的陳述外,本新聞稿中的所有陳述均為前瞻性陳述。此類前瞻性資訊和前瞻性表述具體包括但不限於有關地下礦山的開發和重啟及提升計劃和活動及其時間的表述。
前瞻性陳述和資訊包括有關管理層期望和信念的陳述。通常,但並非總是,前瞻性陳述和前瞻性資訊可以通過使用諸如“計劃”、“預期”、“潛在”、“預期”、“預期”、“目標”、“預算”、“預定”、“估計”、“預測”、“打算”、“預期”或“相信”或其否定或某些行動、事件或結果“可能”、“可能”、“將”等詞語和短語或陳述的變體來識別,“可能”或“將”被採取、發生或實現。前瞻性陳述或資訊不應被解讀為對未來業績和結果的保證。它們受已知和未知風險、不確定因素和其他因素的影響,這些因素可能導致實際結果和事件與此類前瞻性陳述或資訊明示或暗示的任何未來結果、業績或成就大不相同。
此類風險和不確定因素包括但不限於以下方面:追加資本的要求,以及無法保證是否提供額外資本;[與供應商討論的結果;][國家協調委員會注意:這是否仍然有意義?如果不是,則可在此處以及在MD&A和AIF中刪除。]公司在預期成本估計和時限內完成地下礦山重啟和提升的能力;新冠肺炎對公司業務和運營的影響;金融市場狀況;虧損歷史;稀釋;與研磨作業、建設、開發和重啟及提升有關的不利事件,包括公司解決地下開發和加工廠問題的能力;地面條件;與地下礦山開發、建設和重啟及提升有關的成本超領;材料財產損失;利率上升;全球經濟;有限的生產歷史;未來金屬價格波動;勘探活動的投機性;勘探、開發和採礦活動的定期中斷;環境危害和責任;工業事故;加工和採礦設備未能按預期運行;勞資糾紛;供應問題;生產和成本估計的不確定性;對鑽探結果的解釋和對礦產資源和儲量的估計;隨著計劃的不斷完善,專案參數的變化;礦石儲量、礦化品位或回收率與管理層預期的差異可能是實質性的;法律和監管程式和社區行動;事故;所有權事項;監管批准和限制;與氣候變化有關的增加的成本和有形風險,包括極端天氣事件和與氣候變化有關的新的或修訂的法規;許可和許可;對管理資訊系統的依賴和網路安全風險;公司證券的市場價格波動;保險;競爭;套期保值活動;貨幣波動;關鍵員工的流失;採礦業的其他風險,以及在公司管理層對截至2022年12月31日的年度的討論和分析以及公司日期為2023年3月20日的年度資訊表格中“風險因素”一節中討論的風險。本新聞稿中包含的前瞻性陳述和資訊是基於管理層認為合理的假設,包括但不限於:該專案的財產或運營沒有不利的發展;適用的法律沒有重大變化;地下礦山的作業按照管理層的計劃和預期重新開始和提高;新冠肺炎未來不會產生重大的不利影響;公司將能夠獲得足夠的額外資金來完成地下礦山的重新啟動和提升,銅價在目前水準上不會有重大的不利變化;以及沒有任何其他因素可能導致行動、事件或結果與預期、估計或預期的結果不同。
前瞻性資訊和陳述是截至本新聞稿發佈之日的陳述。除法律要求外,公司不承擔任何更新前瞻性陳述或資訊的意圖或義務。儘管公司試圖找出可能導致實際行動、事件或結果與前瞻性資訊和陳述中描述的大不相同的重要因素,但可能還有其他因素可能導致行動、事件或結果與預期、估計或預期的不同。在討論可能影響前瞻性陳述和資訊的因素時,請具體參考公司管理層對截至2022年12月31日的年度的討論和分析中的“風險和不確定因素”以及公司日期為2023年3月20日的年度資訊表格中的“風險因素”。如果這些風險或不確定性中的一個或多個成為現實,如果其他風險或不確定性成為現實,或者基本假設被證明是不正確的,實際結果和事件可能與前瞻性陳述和資訊中描述的大不相同。欲瞭解更多有關該公司及其業務的風險和挑戰的資訊,投資者應查閱該公司的備案檔案,網址為。
該公司不保證前瞻性陳述和資訊將被證明是準確的,因為實際結果和未來事件可能與此類陳述或資訊中預期的大不相同。因此,讀者不應過分依賴前瞻性陳述或資訊。