Nevada Copper Corp. (TSX:NCU) provided updates on the Lyon County Economic Development and Conservation Act and on its Pumpkin Hollow copper project in Nevada. The Stage 1 underground mine is fully permitted for construction and operations, and the permitting path forward for Stage 2 depends on passage of the Land Bill.
As quoted in the press release:
The 6,500 ton per day Stage 1 underground mine is fully permitted for construction and operations (See September 9, 2013 News Release). Additionally, National Instrument 43-101 Technical Report Feasibility Study results for a stand-alone 70,000 ton per day Stage 2 open pit operation were announced (See October 3, 2013 News Release).
Land Bill and Stage 2 Open Pit Permitting
With the Stage 1 underground mine having been fully permitted under the State auspices, the permitting path forward for Stage 2 will depend on passage of the Land Bill now before the House and Senate in the United States Congress.
Nevada Copper Corp. President and CEO, Giulio Bonifacio, said:
As we proceed towards fully financing our Stage 1 underground mine the Company will continue to prudently manage our treasury while considering our financing options. We will also continue to advance current discussions regarding funding for our much larger stand-alone Stage 2 open pit operation in anticipation of Stage 2 being fully permitted in 2014.