Gold $ 1904.00 5.60

Silver $ 24.71 0.22

Palladium $ 2411.70 72.10

Platinium $ 914.40 15.30

Nevada Copper Provides Operations Update – Accelerated Mine Development Initiated, Management Update

Senior Management Changes:

As part of its transition to operator status and associated business improvement plans, the Company has made certain changes to its senior management team including the departure of Matt Gili as President & Chief Executive Officer and as a director of the Company. 

Evan Spencer will assume the role as interim President & Chief Executive Officer with immediate effect, overseeing the Company and its mine operations. Mr. Spencer brings substantial experience in the transition of mines from construction phase to production and, in particular, optimizing production ramp-up and operating costs. He has held senior roles with Western Mining Corporation, Placerdome, Barrick Gold, Kagara, Goldfields of South Africa and Aditya Birla Minerals, and also oversaw the ramp-up and production of the Ban Phuc nickel mine. Mr. Spencer is also Chairman at Kasbah Resources.

Nevada Copper’s Chairman, Stephen Gill, commented: 

“We would like to thank Matt for his significant contributions in bringing the Pumpkin Hollow Underground Mine into production on time, overseeing the advancement of the Pumpkin Hollow Open Pit project, and the acquisition and expansion of the adjacent Tedeboy exploration properties. We would also like to welcome Evan to the Company. His substantial experience of transitioning projects from ramp-up to commercial production and driving ongoing operating efficiencies will be highly valued as Nevada Copper continues its progress through the next stage of its growth as an emerging US copper producer.”

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