Pumpkin Hollow Continues With Further Postive Operations

YERINGTON - Nevada Copper Corp. reported further positive operations update at its underground mine at the Company’s Pumpkin Hollow Project. Development achieves record rates in line with the continued ramp-up, and is on track to advance over 1,100 lateral equivalent feet of development this month. The development is running at the highest rate for 2021, and rates achieved month-to-date in December are almost 50% higher than November (representing almost a 100% increase since August 2021). The first planned bolter has been delivered and is now operating underground, resulting in increased development rates and supporting further increases continuing into Q1 2022. Two additional bolters are on track to be delivered to the underground mine in January enhancing further development rates.

The first of three deliveries of the ventilation fan infrastructure has arrived on site, with full installation and commissioning continuing to be planned to be completed in Q1 2022. The final package delivery is expected for the first week of January 2022. Mining of the Sugar Cube, the first high-grade area in the East North Zone of the underground mine, continues to be planned for Q1 2022.

“The Company continues to build on the operational improvements achieved over the past two quarters, providing further acceleration to the development and production ramp-up,” said, Randy Buffington, President and Chief Executive Officer. “The implementation of additional equipment, manpower and operational efficiencies led to the highest development rates attained this year. We are on track to complete 1,100 feet of lateral development this month, which puts the Company in a position to mine the first stope of the high-grade Sugar Cube as planned next month.”