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.
内华达州叶灵顿,2023年3月20日(环球通讯社)内华达铜业(多伦多证券交易所股票代码:NCU)(场外交易代码:NEVDF)(证券交易所市场代码:ZYTA)(“内华达铜业”或“公司”)今天宣布,它已经提交了截至2022年12月31日的经审计的合并财务报表、管理层讨论和分析(“MD&A”)和年度信息表(“AIF”)。这些文件可以在公司网站上找到,公司的SEDAR简介可以在上找到。
总裁首席执行官兰迪·巴芬顿表示我们继续在南瓜谷采场采矿和磨矿活动之前所需的建设项目上取得良好进展。矿石处理系统的通风井剥离和挖掘工作正在顺利进行。向更高等级EN区域采矿区推进的持续采矿和开发活动继续展示出岩土岩石模型预测的合格岩石质量和地面条件,完全符合预期。我们目前正在实现到2023年底达到铭牌磨矿能力的主要重新启动和提升目标。
2023年展望
内华达铜业2023年的主要目标是使地下铜矿在年底前以每天5,000吨的铭牌磨矿能力运营,并完成所有关键的地下基础设施,并进行足够的先期开发,以支持持续运营。计划在2023年进行24,000英尺的地下横向开发,以在计划于2023年第三季度开始采场开采之前建立资本标题和采场开发。工厂计划于2023年第三季度末重新启动,预计速度约为每天3,500吨,到2023年底将达到每天5,000吨。
关于内华达铜业
内华达铜业(多伦多证券交易所股票代码:NCU)是位于美国内华达州的南瓜谷铜矿项目的所有者,拥有丰富的储量和资源,包括铜、金和银。它的两个完全获准的项目包括正在重启运营的高品位地下矿山和加工设施,以及一个大型露天加油站阶段项目。
兰迪·巴芬顿
总裁兼首席执行官
欲了解更多信息,请访问公司网站,或联系:
特蕾西·托姆|总裁副局长、国际关系与社区关系
邮箱:tthom@nevadacopper.com
+1 775 391 9029
关于前瞻性陈述的警示性语言
本新闻稿包含适用于加拿大证券法的“前瞻性信息”和“前瞻性陈述”。除有关历史事实的陈述外,本新闻稿中的所有陈述均为前瞻性陈述。此类前瞻性信息和前瞻性表述具体包括但不限于有关地下矿山的开发和重启及提升计划和活动及其时间的表述。
前瞻性陈述和信息包括有关管理层期望和信念的陈述。通常,但并非总是,前瞻性陈述和前瞻性信息可以通过使用诸如“计划”、“预期”、“潜在”、“预期”、“预期”、“目标”、“预算”、“预定”、“估计”、“预测”、“打算”、“预期”或“相信”或其否定或某些行动、事件或结果“可能”、“可能”、“将”等词语和短语或陈述的变体来识别,“可能”或“将”被采取、发生或实现。前瞻性陈述或信息不应被解读为对未来业绩和结果的保证。它们受已知和未知风险、不确定因素和其他因素的影响,这些因素可能导致实际结果和事件与此类前瞻性陈述或信息明示或暗示的任何未来结果、业绩或成就大不相同。
此类风险和不确定因素包括但不限于以下方面:追加资本的要求,以及无法保证是否提供额外资本;[与供应商讨论的结果;][国家协调委员会注意:这是否仍然有意义?如果不是,则可在此处以及在MD&A和AIF中删除。]公司在预期成本估计和时限内完成地下矿山重启和提升的能力;新冠肺炎对公司业务和运营的影响;金融市场状况;亏损历史;稀释;与研磨作业、建设、开发和重启及提升有关的不利事件,包括公司解决地下开发和加工厂问题的能力;地面条件;与地下矿山开发、建设和重启及提升有关的成本超支;材料财产损失;利率上升;全球经济;有限的生产历史;未来金属价格波动;勘探活动的投机性;勘探、开发和采矿活动的定期中断;环境危害和责任;工业事故;加工和采矿设备未能按预期运行;劳资纠纷;供应问题;生产和成本估计的不确定性;对钻探结果的解释和对矿产资源和储量的估计;随着计划的不断完善,项目参数的变化;矿石储量、矿化品位或回收率与管理层预期的差异可能是实质性的;法律和监管程序和社区行动;事故;所有权事项;监管批准和限制;与气候变化有关的增加的成本和有形风险,包括极端天气事件和与气候变化有关的新的或修订的法规;许可和许可;对管理信息系统的依赖和网络安全风险;公司证券的市场价格波动;保险;竞争;套期保值活动;货币波动;关键员工的流失;采矿业的其他风险,以及在公司管理层对截至2022年12月31日的年度的讨论和分析以及公司日期为2023年3月20日的年度信息表格中“风险因素”一节中讨论的风险。本新闻稿中包含的前瞻性陈述和信息是基于管理层认为合理的假设,包括但不限于:该项目的财产或运营没有不利的发展;适用的法律没有重大变化;地下矿山的作业按照管理层的计划和预期重新开始和提高;新冠肺炎未来不会产生重大的不利影响;公司将能够获得足够的额外资金来完成地下矿山的重新启动和提升,铜价在目前水平上不会有重大的不利变化;以及没有任何其他因素可能导致行动、事件或结果与预期、估计或预期的结果不同。
前瞻性信息和陈述是截至本新闻稿发布之日的陈述。除法律要求外,公司不承担任何更新前瞻性陈述或信息的意图或义务。尽管公司试图找出可能导致实际行动、事件或结果与前瞻性信息和陈述中描述的大不相同的重要因素,但可能还有其他因素可能导致行动、事件或结果与预期、估计或预期的不同。在讨论可能影响前瞻性陈述和信息的因素时,请具体参考公司管理层对截至2022年12月31日的年度的讨论和分析中的“风险和不确定因素”以及公司日期为2023年3月20日的年度信息表格中的“风险因素”。如果这些风险或不确定性中的一个或多个成为现实,如果其他风险或不确定性成为现实,或者基本假设被证明是不正确的,实际结果和事件可能与前瞻性陈述和信息中描述的大不相同。欲了解更多有关该公司及其业务的风险和挑战的信息,投资者应查阅该公司的备案文件,网址为。
该公司不保证前瞻性陈述和信息将被证明是准确的,因为实际结果和未来事件可能与此类陈述或信息中预期的大不相同。因此,读者不应过分依赖前瞻性陈述或信息。