Presentation is loading. Please wait.

Presentation is loading. Please wait.

11 Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - April, 2008 TSX: NCU.

Similar presentations


Presentation on theme: "11 Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - April, 2008 TSX: NCU."— Presentation transcript:

1 11 Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - April, 2008 TSX: NCU

2 22 Certain statements contained in this presentation constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance of achievements of the Corporation to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements. This presentation describes “Measured”, “Indicated” and/or “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of any inferred resource will ever be upgraded to a higher category. Exploration is an inherently risky proposition and investors are advised that most exploration projects fail to identify economic resources. The Corporation has at present not confirmed the economic viability of any resources at the project. The company plans drilling programs and studies with the objective of confirmation of Copper and Iron deposits and ultimately completing a feasibility study to demonstrate the economics of the resources. Any historical estimates are not mineral reserves and do not have demonstrated economic viability and should not be relied upon. Cautionary Note

3 33 Corporate Highlights Stock Symbol:…..............................TSX: NCU Shares Outstanding:.……..….........37.0 Million Fully Diluted:………………………...45.8 Million* *Options - 3.6 million @ $1.25 / Warrants – 5.2 million @ $1.80 Cash, March 15, 2008:….…..……...C$ 3.0 Million Cash on exercise:.……………........C$13.8 Million Market Cap/Cu Resource lb:……...C$0.011

4 44 Investment Highlights  100% Owned Pumpkin Hollow, Located in Nevada.  NI 43-101 Compliant Resource (Nov.’07): 7.9 Billion Pounds of Copper, 1.3 Million ounces of Gold, 57 million ounces of Silver and 144 million tons of Iron. ► Open Mineralization in Several Directions.  Significant Potential to Expand Resource.  Discovery Potential on Increased Land Position  Premier Permitting Site with Excellent Infrastructure.  Positive Preliminary Economic Assessment - March 2008.  Advanced Stage - Commence Feasibility Study in 2008.  Creation of a Mid-Tier, Well Managed Copper Company.

5 55 Nevada Copper Team Giulio T. Bonifacio - President, CEO & Director Joe Kircher - Vice President, COO & Director Joe Chan - Vice President, CFO Greg French - Project Manager World Class Technical Team:  Tetra Tech – Resource Estimate, Open Pit & Preliminary Assessment  The Mines Group – Permitting & Environmental  Golder Associates – Geotechnical  Water Management – Hydrology  RDI – Metallurgy and Processing  Hazen Research – Metallurgical  Dynatec – Underground Mining  Harma Associates – Iron Processing and Marketing

6 66 Location Map

7 77 Land Position Yerington Pumpkin Hollow Property – 21 sq. Miles

8 88  1.9 Billion pounds of copper produced at 0.54% Cu grade; Anaconda Copper Mine - 1953 to 1978.  12 Billion pounds of copper found in other porphyry deposits in the district.  7.9 Billion pounds of copper at Pumpkin Hollow; a high grade large skarn associated with the cluster of porphyry deposits. NCU holds a commanding land position in an exciting Copper District that hosts in excess of 20 Billion pounds of Copper. District Summary

9 9 Yerrington Tertiary volcanics Cretaceous quartz monzonite Jurassic Yerrington Batholith Triassic-Jurassic Sedimentary & metavolcanic rocks 95 N 2000 meters 4000 feet District Geology Mason District Ann Mason Deposit 810 Mt @??? (7.1 billion lbs. Cu) Ludwig District Produced ~700,000 tons 3-5% Cu McArthur Deposit 29 Mt @0.2% Cu (162 million lbs. Cu Yerington Pit Produced 165 Mt @0.54% Cu (1.9 billion lbs. Cu) Bear Deposit 500 Mt @0.4% Cu (4.4 billion lbs. Cu) Blue Jay Mine Pumpkin Copper 780 Mt @0.50% Cu (7.9) Billion lbs. Cu

10 10 Project History - 1960 to 2001  Discovered 1960 by US Steel Corporation.  Next 30 Years - Anaconda, Cyprus, Conoco, delineates large copper and iron resource.  590,000 feet (180,000 meters) of drilling, metallurgy, mining, economic studies completed.  US$50 Million in estimated historical expenditures. 10 1970’s Drill Rigs Core Sheds

11 11 Core Processing Facility

12 12 Nevada Copper History  Acquired Project in 2005, Copper Price $1.40 per lb.  Aug.’2006 Resource Estimate - 6.1 Billion Pounds of Copper.  Nevada Copper goes public on TSX Venture - August 2006.  Nevada Copper lists on Toronto Stock Exchange - August 2007.  2007 - Infill & Step-Out Drilling: (62,000 feet/19,000 Meters).  Baseline Data Collection for Feasibility & Permitting Started in Q1 2007.  Nov.’2007 Updated Resource - 7.9 Billion Pounds of Copper.  Mar.’2008 – Positive Preliminary Assessment/Scoping. 12

13 13 The Copper Deposits High Grade Underground Copper Deposits NORTH ZONE SOUTH ZONE EAST ZONE SOUTHEAST ZONE 2,000ft3,000ft0ft Outline of Patented Claims (Note: Property extends off the map in all directions) Copper - Iron Open Pit Deposits JK-34 ZONE E-2 ZONE

14 14  Increased drill program from 12,000 Meters to 19,000 Meters based on extremely successful in-fill and step out program.  East Deposit - Converted Inferred to Measured & Indicated, increased grade and added metal.  E2 - Converted Inferred to Measured & Indicated, increased grade.  North Deposit - Converted Inferred to Measured & Indicated, converted waste to ore, added strike and metal.  South Deposit - Confirmed shallow high grade Cu/Au deposit. 2007 Drilling Highlights

15 15 2007 Measured Indicated & Inferred Copper Cutoff Tons (000) Cu (%) Cu (lbs/000) 0.20 % 780,899 0.50 7,874,513 0.30 % 458,547 0.69 6,324,491 0.75 % 115,668 1.37 3,168,487 2006 vs. 2007 Cu Resource NI 43-101 Compliant Estimate 2006 Measured Indicated & Inferred Copper Cutoff Tons (000) Cu (%) Cu(lbs/000) 0.20 % 766,084 0.40 6,147,300 0.30 % 415,989 0.53 4,437,093 0.75 % 42,056 1.43 1,198,833 HIGHLIGHTS:  32% Increase in Copper Grade  44% Increase in Measured and Indicated Copper Resource  28% Overall Increase in Contained Copper

16 16 2007 Category Tons (000) Cu (%) Cu(lbs/000) Gold (Oz.) Silver (Oz.) Meas. & Ind. 342,735 0.58 3,967,688 635,000 26,643,000 Inferred 438,164 0.45 3,906,825 647,000 30,680,000 2007 Resource Detail NI 43-101 Compliant Estimate (0.2% Copper Cutoff) Prepared in Nov.’07 by Tetra Tech MM Inc., an Industry Leading International Engineering Firm. HIGHLIGHTS:  7.9 Billion Pounds of Contained Copper  Added 1.3 Million Oz. of Gold and 57 million Oz. of Silver  92% Increase in Iron to 144 Million Tons 2006 Category Tons (000) Cu (%) Cu(lbs/000) Meas. & Ind. 312,063 0.44 2,751,700 Inferred 454,021 0.37 3,395,600 6.1 Billion Pounds of Contained Copper plus 75 million tons of Iron Magnetite.

17 17 2006 vs. 2007 : At 0.75% cutoff M&I increased 303% to 1.2 billion pounds from 301 million pounds. In all categories increased 168% to 1.85 billion pounds from 690 million pounds. East and E2 Underground NI 43-101 Compliant Estimate 2007 Measured & Indicated Cu Cutoff Tons (000) Cu (%) Cu (lbs/000) Au Oz Ag Oz 0.75 % 41,592 1.46 1,214,000 167,000 5,106,000 1.00 % 26,108 1.81 947,000 128,000 3,562,000 1.40 % 13,555 2.41 653,000 83,000 2,125,000 2007 Inferred Cu Cutoff Tons (000) Cu (%) Cu(lbs/000) Au Oz Ag Oz 0.75 % 25,333 1.25 634,000 90,000 2,926,000 1.00 % 13,671 1.59 434,000 59,000 1,765,000 1.40 % 5,354 2.25 240,933 31,000 814,000

18 18 North & South Open Pit NI 43-101 Compliant Estimate 2007 Measured & Indicated Cu Cutoff Tons (000) Cu (%) Cu (lbs/000) Au Oz Ag Oz 0.20 % 161,964 0.51 1,666,216 278,000 12,211,000 0.30 % 104,228 0.68 1,430,626 224,000 8,953,000 0.40 % 75,357 0.82 1,231,800 186,000 7,065,000 2007 Inferred Cu Cutoff Tons (000) Cu (%) Cu(lbs/000) Au Oz Ag Oz 0.20 % 230,838 0.44 2,022,429 336,000 16,148,000 0.30% 116,338 0.63 1,460,355 230,000 11,892,000 0.40% 73,333 0.80 1,170,554 180,000 6,812,000

19 19 2007 Measured & Indicated Iron Cutoff Tons (000) Iron (%) Tons (000) Cu % 10 % 191,008 27.8 53,154 0.28 20 % 119,755 35.9 42,956 0.31 30 % 76,235 42.232,152 0.31 Inferred Resources Iron Cutoff Tons (000) Iron (%) Tons (000) Cu % 10 % 465,337 19.6 91,363 0.23 20 % 135,144 34.1 46,097 0.37 30 % 74,474 42.1 31,349 0.44 Iron resources amenable to open-pit mining methods in the North and South Deposits. Metallurgical test-work has demonstrated amenability of generating marketable pellet feed. 1996: $ 28 per metric ton iron pellet feed. 2007: > $ 100 per metric ton iron pellet feed. 19 2007 Iron Resource NI 43-101 Compliant Estimate

20 20 Resource - 3D

21 21 62,000 E 48,000 N 56,000 N 52,000 N 44,000 N N 1500 FEET Open Targets/ Step-out JK-34 E-2 Deposit Open Mineral Directions East Deposit KM-12 E91-1 North Deposit North down Dip Southeast Deposit West East Extensions Northeast Shallow South Deposit South Up-dip North border Southwest extension Sec 11

22 22 62,000 E 48,000 N 56,000 N 52,000 N 44,000 N N 1500 FEET Exploration Targets E-2 -Section 11 JK-34 E-2 Deposit Open Mineral Trends & Anomalies East Deposit FG-20 North Deposit Southeast Deposit Northwest Magnetic Anomaly South Deposit Between North & South East Ground Magnetic Sec 11 Southeast Strike & dip

23 23 STARTED IN JANUARY 2008 DRILL PROGRAM

24 24 Premier Development Site Pumpkin Hollow Site

25 25 Yerington - Full Services Ideal Development Site R&R 10 Miles Mining Friendly Nevada 98% of the Resource on Private Ground Paved Road Power line

26 26 Site Layout - Conceptual Concentrator Overburden Repository Dewatered Tailings

27 27 Mine Profile  Integrated open pit and underground operation.  Throughput, 60,000/tpd, 88% open pit, 12% underground.  Single copper concentrator, conventional floatation circuit.  Producing an Average of 95,000 tons of copper per year.  Gold, silver and iron by- products  Mine life 20-30 years. 27

28 28 Operating Characteristics * Includes dewatering cost Open Pit  52,500 tons per day  Truck and Shovel Mining  Avg. 2.9:1 waste/ore Ratio  432,000,000 tons Ore  Cu equiv. Grade 0.62%  $0.99/ton Mining Cost*  $4.96/ton Milling Cost  24 Year Mine Life  7,500 tons per day  Bulk Long-hole Mining  Shaft Access  28,000,000 tons Ore  Cu equiv. Grade 1.82%  $17/ton Mining Cost*  $4.96/ton Milling Cost  14 Year Mine Life Underground

29 29 Open Pit Excavations South Deposit North Deposit

30 30 Underground – East & E-2

31 31 Preliminary Economics Financial highlights: (In Millions of US Dollars and Imperial Units) CU Price ($/lb) Base CaseAlternative Case Variable @ $1.75$2.50$3.00 Variable @ $1.75 $2.50$3.00 NPV @ 4 %$ 1,381$ 2,143$ 3,396$ 863$ 1,623$ 2,876 NPV @ 8 %$ 765$ 1,086$ 1,918$ 531$ 851$ 1,684 IRR (Incl. contingency)23.8%20.5%29.3%22.9%19.7%29.0% Capital (Incl. contingency & working capital)$ 780 Payback (years)3.14.83.63.14.83.6 (1) Recoveries: 89% Cu; 70% Au; 68% Ag; 81% Fe (2) Base Case: Operating Cost of $1.02/lb, net of by-product credits (3) Alternative Case – No Iron: Operating Cost of $ 1.29/lb, net of by-product credits

32 32  7,500 ton per day mine.  Capital: $270 Million / Incl. Working Capital & Contingency  14 Year Mine Life / Payback 4.5 Years  19% IRR & $220 Million NPV @8% / $415 Million NPV @ $3.00 Cu.  Significant upside in Grade and tonnage to be tested in 2008. Underground Only

33 33  Shallow Open Pit Deposit Extensions in the North, South and Southeast.  Deposit Extensions in the high grade East and E2 extending mine life and improving Year 1-5 grade.  Iron Deposit Expansion and Detailed Evaluation.  Grade Increase’s in all Deposits with additional Infill and Step-out Drilling.  Gold, Silver and Moly Additions from Re-Assay Program.  Green Fields “DISCOVERY” Potential Is Huge. Value Drivers/ Upside

34 34 20082009201020112012 Description 1 st Q2 nd Q3 rd Q4 th Q1 st Q2 nd Q3 rd Q4 th Q In-Fill, Step Out and Exploration Drilling Re-Assay Program Updated Resource & Feasibility Permitting Exploration Pre- Development Surface Construction Production Preliminary Project Timeline

35 35  2008 Results Oriented Aggressive Drilling Program - In-Fill, Step Out & Exploration.  Assay Program - Continue Historic Drill Hole assaying program for copper, gold, silver & Moly (Completed 5,300 Meters/ 85 Drill Holes).  Steady News Flow - 2008 Drilling Results/ Other.  Commence Bankable Feasibility Study in 2008.  Updated Resource - Late 2008. Market Catalysts

36 36 Peer Group Comparables Market Value per pound of Copper in situ (Cents per lb) * Feasibility / ** Acquired / *** Scoping/PEA Market Comparables @ March 28, 2008  Peer Group Average: 3.8 cents per pound Copper  Industry Average: Plus 5 cents per pound Copper 3.4 3.9 4.5 Peru Copper** Northern Peru ** Augusta Resources* Norsemont *** 3.3 1.1 Nevada Copper *** Chariot * 3.8 Average

37 37 The following pages present cross sections, photos and 3 D Models of the: East, E-2 and North Deposits. Deposit Geology Section

38 38 Underground Deposits High Grade Underground Copper Deposits NORTH ZONE SOUTH ZONE EAST ZONE SOUTHEAST ZONE 2,000ft3,000ft0ft Outline of Patented Claims (Note: Property extends off the map in all directions) Copper - Iron Open Pit Deposits JK-34 ZONE E-2 ZONE

39 39 East DepositE-2 Deposit East Deposit View South Deposit Looking East

40 40 East & E2 Resource – 3D

41 41 400 FEET N NC07-21 OPEN NC07-5 NC07-8 NC07-2 NC07-14 54600N 54200N 53400N East Deposit – Plan View Nevada Copper drill holes Historic drill holes OPEN EAST DEPOSIT OPEN Patented property outline only Nov.’07 43-101 Resource: 50.8 Million tons @ 1.38% Copper @ 0.75% copper cutoff 0ft 2000ft EAST DEPOSIT

42 42 East Section - 54600N SECTION 49600N SECTION 54600N EAST 5800 feet 3500 feet EAST E2

43 43 0ft 2000ft 43 4800’ 3600’ 3000’ 2400’ NC07-5 NC07-21 HJ-11 39’ 2.59% Cu 6’ 2.38% Cu 6’ 2.89% Cu J-11 5’ 2.58% Cu 9’ 4.74% Cu 40.5’ 4.08% Cu 57’ 2.33% Cu 19’ 2.37% Cu 10.5’ 5.0% Cu 20’ 2.10% Cu 2’ 2.03% Cu 15’ 2.24% Cu 5’ 2.03% Cu 87’ 2.76% Cu 56’ 4.34% Cu 3.5’ 2.3% Cu 57.5’ 3.34% Cu JK-12 KM-12 Section shortened for visual efficiency 19’ 2.37% Cu Mesozoic Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu 8’ 4.59% Cu 400 FEET 4600’ 3800’ Note: Assays <1% not plotted Patented Property Outline only NC07 – 5 40.5 feet @ 4.08% Cu 10.5 feet @ 5.00% Cu 57.5 feet @ 3.34% Cu NC07 – 21 20 feet @ 2.10% Cu 87 feet @ 2.76% Cu 56 feet @ 4.34% Cu East Section - 54600N EAST DEPOSIT

44 44 East Section – 53400N SECTION 49600N SECTION 53400N

45 45 19’ 2.37% Cu Mesozoic Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted East Section - 53400N 400 FEET 1800’ 2400’ 3000’ 3600’ 4000’ 4600’ 4800’ 57800E 55400E NC07-14 111’ 3.31% Cu 116.2’ 3.08% Cu 28’ 3.89% Cu 36’ 5.04% Cu 44’ 2.75% Cu JK-19 KM-20 M-20 C-12 C-6 C-8

46 46 E-2 Section – 49600N SECTION 49600N E2 5800 feet 3500 feet East E2

47 47 E-2 Section - 49600N 400 FEET 1800’ 3800’ 4600’ 4800’ 58000E NC07-23 63’ 2.29% Cu 145’ 2.44% Cu 115’ 4.45% Cu 135’ 2.66% Cu C-11 3200’ 2000’ 2600’ 56000E C-13 KM-45 KM-44 M-44 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted Mesozoic Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu >0.3% Cu E-2

48 48 Open Pit Deposits High Grade Underground Copper Deposits NORTH ZONE SOUTH ZONE EAST ZONE SOUTHEAST ZONE 2,000ft3,000ft0ft Outline of Patented Claims (Note: Property extends off the map in all directions) Copper - Iron Open Pit Deposits JK-34 ZONE E-2 ZONE

49 49 North Deposit View Looking North North Deposit Office

50 50 North Deposit – 3D

51 51 North Section – 47700E SECTION 47700E North 4500 feet 2000 feet

52 52 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted Mesozoic Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu >0.3% Cu North Section - 47700E 400 FEET 4800’ 52500N 4000’ 2800’ 3400’ 53000N53500N54000N54500N NC07-9 USS-79 99-7 99-6 USS-70 USS-76 USS-41 99-4 99-2 USS-95 USS-46 99-3 42’ 2.49% Cu 115.5’ 2.51% Cu 109.9’ 3.22% Cu 24.9’ 3.38% Cu 12.5’ 2.53% Cu North

53 53 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted Mesozoic Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu North Section - 47900E 400 FEET 4800’ 53000N 4000’ 2800’ 3400’ 53500N54000N54500N NC07-1 USS-56 USS-96 USS-34 USS-43 USS-46 USS-88 99-1 USS-70 USS-88 USS-48 USS-76 52500N 342’ @ 2.03% North

54 54 Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - January, 2008 TSX: NCU


Download ppt "11 Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - April, 2008 TSX: NCU."

Similar presentations


Ads by Google