Nevada Copper Announces AGM Results; Remains on Schedule to Enter Production Q4, 2019
18 June 2019 - 11:27AM
Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or
“Company”) is pleased to announce the results from its
2019 Annual General Meeting (the “Meeting”), held on Monday, June
17th in Toronto. Shareholders holding a total of 467,658,284 common
shares of the Company attended the meeting in person or were
represented by proxy, representing 70.65% of the total 661,933,584
common shares of the Company outstanding as of the record date.
Shareholders voted in favour of all items of business before the
Meeting. Additionally, the Company confirms that its Pumpkin Hollow
underground copper project remains on target to commence production
in Q4, 2019.
Construction Progress
Update
Recent drone and time lapse footage of
construction activity can be found in our latest video update.
The Company’s Underground Mine development is
proceeding well with production expected to commence in Q4,
2019:
- Total Lateral development has now advanced 4,400 feet on both
levels and has reached the bottom of the East North ventilation
shaft
- Alimak infrastructure has been installed and the Alimak has
advanced vertically 78 feet
- Three new mining fronts have commenced: central ramp system,
upper coarse ore bin (COB) access and upper geotechnical test stope
access
- From the 2770 level, the team is advancing the COB lower
excavations and advancing the lower access toward the geotechnical
test stope
East North ventilation shaft vertical
development has advanced over 920 feet
Surface infrastructure and processing equipment
are advancing to plan:
- Sag Mill is now being constructed with both shells and heads
installed
- Ball Mill heads, shells and trunions are installed
- Vertical Mill is set on its foundation
- Fresh water tank is completed
- 120 kV substation is advanced well and conduit is being
installed
- Structural steel has advanced four stories and elevated
concrete floors are being installed
- Tailings filter press and air compressor foundations are
complete
- Lining of the dry stack tailings cell one is complete
- Thickened tailings tank is nearly complete
Further construction update details, including
recent photos, can be found on the Company’s blog.
AGM Voting Details
The following nine persons were elected as
Directors of the Company until the next annual shareholder meeting
of the Company, with the voting results shown below:
Director |
Votes For |
% For |
Votes Against |
% Against |
Tom Albanese |
458,865,246 |
99.98 |
86,532 |
0.02 |
Michael Brown |
458,868,546 |
99.98 |
83,232 |
0.02 |
Justin Cochrane |
458,894,246 |
99.99 |
57,532 |
0.01 |
Phillip Day |
458,898,679 |
99.99 |
53,099 |
0.01 |
Raffaele (Lucio) Genovese |
458,869,279 |
99.98 |
82,499 |
0.02 |
Matthew Gili |
458,851,246 |
99.98 |
100,532 |
0.02 |
Stephen Gill |
438,693,460 |
95.59 |
20,258,318 |
4.41 |
Evgenij Iorich |
438,694,560 |
95.59 |
20,257,218 |
4.41 |
G. Ernest (Ernie) Nutter |
458,858,546 |
99.98 |
93,232 |
0.02 |
At the AGM, shareholders also voted to appoint
PricewaterhouseCoopers LLP as the Company's auditor.
NEVADA COPPER CORP.
Matthew Gili, President & CEO
We seek safe harbor.
For further information call: Rich MatthewsVP,
Marketing and Investor Relations Phone:
604-683-8266 Email: rmatthews@nevadacopper.com
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