Nevada Copper’s Pumpkin Hollow project site is having construction ramp up as they extend the shaft to reach their target depth of 1,9273 ft. The mine has an average grade of 1.74% copper-equivalent, with the projected lifespan of 13.5 years at 5,000 t/days. They plan to output 60 million pounds of copper, 9,000 oz gold and 173,000 oz silver over the first five years. They are hoping lateral tunnelling will help expand opportunity for more drilling and extend the lifespan of the mine.
Their open pit mine exploration has looked at a total of 20 holes, all which showed multiple mineralization zones. Because of this success, Nevada Copper is looking to extend to the west.
The copper industry has been facing struggles in supply due to increased demand from the electronics sector, including electric vehicles. The Pumpkin Hollow site is conveniently located on rail lines that have direct routes to copper smelters and is less than an hour from the Tesla Gigafactory.