Nevada Copper

December, 2013 TSX: NCUwww.nevadacopper.com

Pumpkin Hollow Project“One Project – Two Mines”

PUMPKIN HOLLOW COPPER PROJECTAn Emerging Copper Company

Cautionary NoteCertain statements contained in this presentation constitute forward-looking statements. All statements in this presentation,other than statements of historical facts, including the likelihood of commercial mining, securing a strategic partner,expanding the mineral resources and reserves and possible future financings are forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actualresults of the Nevada Copper Corp. (“the Company”) to be materially different from achievements expressed or implied bysuch forward-looking statements. Such forward-looking statements and forward-looking information specifically include, butare not limited to, statements concerning the Company’s plans at the Pumpkin Hollow Project; the timing of granting of keypermits; from the definitive Feasibility Study: the estimated metal production and the timing thereof, capital and operatingcosts, future metal prices, cash flow estimates and economic indicators derived from the foregoing. Investors are cautioned notto place undue reliance on these forward-looking statements.

This presentation describes “Measured”, “Indicated” and/or “Inferred” Resources. U.S. investors are advised that while suchterms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognizethem. “Inferred Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economicfeasibility. 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 identifyeconomic resources.

The mineral resource and mineral reserve estimates were performed by Tetra Tech, Inc., an independent Qualified Person asset forth under Canadian National Instrument 43-101 (“NI 43-101”). All reserve and resource information has been preparedand filed in accordance with NI 43-101. Mineral resources that are not mineral reserves have not demonstrated economicviability.

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a non-independent Qualified Personas defined in NI 43-101, who is responsible for the preparation of the other technical information in this corporatepresentation.

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An Emerging Copper Company

Stock Symbol: TSX: NCU

Shares Outstanding: 80.5 Million/ Fully Diluted 87.9 Million 7.4 million stock options @ $3.35.

Cash, September 30, 2013: US$58.3 Million

Marketable Securities: US$ 4.7 Million

Secured Loan Facility: US$200 Million - TotalUS$51 Million - Received to DateUS$149 Million - 2014

Enterprise Value 1.8 cents per Proven & Probable Pound Copper.

Analyst Coverage: Firms (6): Scotia Capital; Paradigm Capital; GMP Securities; Dundee Securities;

Cormark Securities and Desjardins Securities.

Capital Structure

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Investment Highlights

100% - Large Advanced-Stage Copper Project located in Nevada.

Resource/ Reserve Upside on both Underground and Open Pit Deposits.

Development and Financing Flexibility – Underground-Stage 1 followedby Open Pit-Stage 2.

Low Risk Profile & Premier Permitting Site – Underground Mining Permits received with Open Pit Mining Permits expected in early 2014 with passage of Land Bill.

Excellent Infrastructure - Water secured, Power, Rail, Roads, Full Service Community.

Permitted Stage 1 Project in 2013 with Production to commence in 2015.

Low Shares Outstanding with Annual Average After Tax Cash Flow of plusUS$100 Million on Stage 1.

Annual Average After Tax Cash Flow of plus US$380 Million on completion ofStage 1 and Stage 2.

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Location

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Power

Paved Access

Total Land Position – 26 square miles including

Ideal Development Site

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Nevada – Mining FriendlyNo Neighbours to N,S & E Water Supply Secured

Private Lands - 2.5 square miles

YeringtonFull Services

Stage 1

Stage 2


NORTH DEPOSIT

SOUTH DEPOSIT

EAST DEPOSIT

SOUTHEAST DEPOSIT

2,000ft 3,000ft0ft

Outline of Patented Claims (Note: Property extends off the map in all directions)

JK-34 ZONE

E-2 DEPOSIT

Copper - Iron Open Pit Deposits

High GradeUnderground

Copper Deposits

Profile of Deposits

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SHAFT

North& South Now Merged (See Slide 28)


Mineral Reserves – Underground and Open PitEastern Underground Deposits – As at January 2012

Classification Ore Copper Gold Silver Copper Gold SilverCopper Equiv.(3)

000’s tons % oz/ton oz/ton Blbs. Ozs. 000’s Ozs. %Proven 12,366 1.58 0.011 0.217 0.39 133,004 2,688 1.82Probable 23,411 1.50 0.006 0.151 0.70 138,681 3,535 1.64Proven & Probable 35,777 1.53 0.008 0.174 1.09 271,685 6,223 1.71

Western Open Pit Deposits – As at October 2013 (1) & (2)

Classification Ore Copper Gold SilverContained

CopperContained

GoldContained

SilverCopper Equiv.(3)

000's tons % oz/ton oz/ton Blbs. Ozs. 000’s Ozs. %Proven 204,182 0.409 0.0015 0.052 1.67 306,610 10,685 0.44Probable 344,003 0.358 0.0012 0.047 2.46 410,920 16,009 0.39Proven & Probable 548,184 0.377 0.0013 0.048 4.13 717,530 26,694 0.41

Total - All Deposits

Classification Ore Copper Gold SilverContained

CopperContained

GoldContained

SilverCopper Equiv.(3)

000's tons % oz/ston oz/ton Blbs. Ozs. Ozs. %Proven 216,548 0.48 0.0020 0.062 2.06 439,614 13,373 0.52Probable 357,414 0.44 0.0015 0.055 3.16 549,601 19,544 0.48Proven & Probable 573,962 0.45 0.0017 0.057 5.22 989,215 32,917 0.49

(1) Mineral Reserves incorporates drill data to July 20, 2012. All reserves were prepared and determined in accordance with NI43-101 as determined by Tetra Tech, Inc. an international engineering firm.

(2) Mineral Reserves are updated to incorporate the Updated Mineral Resource Estimate for Western Deposits published in October 2013.(3) The copper equivalency was determined using metal prices of $3.33/lb. copper, $1,376 /oz. gold and $23.07/oz. silver and recoveries of 89.3%, 67.3%, and 56.3% for copper, gold and

silver recoveries respectively for the open pit. Recoveries for the underground used 92.1%, 78%, and 57.5% for copper, gold and silver recoveries respectively.

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East Underground Deposit – As at January 2012 (1)


000s tons (%) oz/ton oz/ton Blbs. Ozs. 000’s Ozs. (%)Proven 10,979 1.55 0.011 0.215 0.34 120,769 2,361 1.79Probable 16,666 1.45 0.006 0.141 0.48 99,996 2,350 1.59Proven & Probable 27,645 1.49 0.008 0.170 0.82 220,765 4,711 1.67

E2 Underground Deposit – As at January 2012


000s tons (%) oz/ton oz/ton Blbs. Ozs. 000’s Ozs. (%)Proven 1,387 1.83 0.009 0.236 0.05 12,235 327 2.04Probable 6,745 1.62 0.006 0.176 0.22 38,685 1,185 1.76Proven & Probable 8,132 1.65 0.006 0.186 0.27 50,920 1,512 1.80

Total


000s tons % oz/ton oz/ton Blbs. Ozs. 000’s Ozs. %Proven 12,366 1.58 0.011 0.217 0.39 133,004 2,688 1.82Probable 23,411 1.50 0.006 0.151 0.70 138,681 3,535 1.64Proven + Probable 35,777 1.53 0.008 0.174 1.09 271,685 6,223 1.71

Mineral Reserves - Underground Deposits

(1) Mineral Reserves incorporates drill data to October, 2010 on the Eastern underground deposits. All reserves were prepared and determined in accordance with NI43-101 as determined by Tetra Tech, Inc. an international engineering firm.

(2) The copper equivalency was determined using metal prices of $3.33/lb. copper, $1,376 /oz. gold and $23.07/oz. silver and recoveries of 92.1%, 78%, and 57.5% for copper, gold and silver recoveries respectively.

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Reserve by Deposit

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East UG0.82 Blbs (75)%

E2 UG, 0.27 Blbs, 25%

North Open Pit, 2.98 Blbs (68%)

South Open Pit, 1.15 Blbs, (32%)

Pumpkin Hollow Contained Copper(5.22 Billion Pounds)


Preliminary East Mine Development

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N

East Deposit

E2 Deposit

Shaft


East Deposit - Hole NC 7-21

0ft 2000ft

NORTH

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Interval:1708’-1713’ 6.40% Copper

An Emerging Copper Company1313

North

Trace of drill holeIntersected length ofmineralization in feet, %Cu

15'1.0% Cu

25'0.2% Cu

Note: Assays <0.2 % not plotted500 FEET

Tertiary volcanicsLimestone, marble

Calc-silicate skarn

Conglomerate

HornfelsMagnetite skarn

Intrusive+ 0.2% Cu

Mes

ozoi

c

North Section 48700 E

NC09-08NC07-20USS-45 USS-60

NC07-22

276'0.49% Cu

150’3.80%Cu

155'0.26% Cu

90'0.40% Cu

Open

55'0.22% Cu

78.5'0.39% Cu

201.5'0.34% Cu

98'0.24% Cu

303.6'0.38% Cu

Open

44.8'0.44% Cu

50'0.21% Cu

152.8'0.38% Cu

204.5'0.37% Cu

80'0.37% Cu

50.5'0.61% Cu

151'0.43% Cu

73'1.48% Cu

80'0.70% Cu

24'0.40% Cu

37'0.33% Cu

81'0.34% Cu

76'0.73% Cu

60'0.34% Cu

690’ 1.17%

New drill program


Feasibility Study - Project Profiles

70,000 tons per day

Truck and Shovel Mining

Average – 3.7 : 1 Strip Ratio

North & South Deposits Merged into Single Pit

350 ton or larger Class Trucks

In Pit Crusher and conveyor for ore transport

548 Million tons @ .40% Cu eq.

LOM Mining Cost $4.36/ton-ore mined

LOM Mining Cost $0.99/ton-material mined

22 Year Initial Mine Life

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6,500 tons per day

Bulk Long-hole Mining

Shaft Access via East deposit

7.5 - 10 yard Class Equipment

28 Million tons @ 1.68% Cu eq. *

LOM $29/ ton-ore mined

12 Year Initial Mine Life

*Tonnage from E2 totaling 8.1 Million tons @ 1.80%has been excluded – See Slide 9

Stage 1 - Underground Stage 2 Open Pit


Feasibility Study- Financial Highlights (Stage 1- 6,500 tpd )

(1) Forward price curve to 2022, declining to long-term Copper price of $2.75/lb., Gold and Silver same as Base Case.(2) Three Year Trailing Average LME Copper price of $3.59/lb., Gold @ $1,419/oz. and Silver @ $27.14/oz. Spot Copper Price on February 4, 2013 was

$3.75/lb.(3) Recoveries: 92.1% Copper; 78% Gold; 57.5% Silver.(4) Including site operating expense & conversion costs; excluding taxes and royalties.

(In Millions of US Dollars)

Alternate (1) Base Case (2)

Copper Price per pound $2.75/lb. $3.59/lb.

Average Annual Copper Production Year 1 to 5 – 74.6 million pounds LOM – 759 million pounds

Net Present Value @ 5%, after -tax $231 $353Net Present Value @ 8%, after-tax $164 $256

Internal Rate of Return, after-tax 20.9% 24.7%

Operating Cost, net of gold & silver credits (3)&(4) Year 1 to 5 - $1.21/lb. / LOM - $1.63/lb.

Capital, including contingencies $329Simple Payback, years 3.0 2.8

Annual Average After Tax Cash Flow (Year 1-5) $105 $112

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Feasibility Study- Financial Highlights(Stage 2 – 70,000 tpd)

(1) Forward price curve to 2022, declining to long-term Copper price of $2.75/lb., Gold @$1,100 and Silver @ $20 oz.(2) LME Spot Price on August 22, 2013 - Copper price of $3.33/lb., Gold @ $1,376 oz. and Silver @ 23 oz.(3) LME Three Year Trailing Average Price – Copper of $3.71 per pound; Gold @$1,550 and Silver $30.50/lb.(4) Recoveries: 89.3% Copper; 67.3% Gold; 56.3% Silver.(5) Including site operating expense & conversion costs; excluding taxes and royalties.

(In Millions of US Dollars)

Alternate (1) Base Case (2) Alternate (2)

Copper Price per pound $2.75/lb. $3.33/lb. $3.71/lbs.

Average Annual Copper Production Year 1 to 5 - 221 million pounds LOM – 3.7 billion pounds

Net Present Value @ 5%, after-tax $888 $1,196 $1,784Net Present Value @ 8%, after-tax $550 $726 $1,172

Internal Rate of Return, after-tax 17.4% 17.9% 22.9%

Operating Cost, net of gold & silver credits (4)&(5) Year 1 to 10 -$1.69

Capital, including contingencies $927Simple Payback, years 4.1 4.3 3.5

Annual Average After Tax Cash Flow (Year 1-5) $277 $260 $320

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Initial Project CapitalSTAGE 1- 6,500 tpd

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STAGE 2 – 70,000 tpdItem US$ Millions

Direct Costs

UndergroundMine Development 109.8

Process & concentrates handling 92.4

Tailings Dewater & Dry Stack Facility 7.7

Infrastructure 15.4

Power & Electrical 15.4

Hydrology 1.0

Reclamation 1.0

Environmental 1.0

Total Direct Costs 243.7

Indirect Costs

Engineering and Procurement 9.2

Construction Management 9.2

Construction Indirect 19.5

Freight & Logistics 5.5

Vendor & Consultant Assistance 0.9

Owner’s Costs 8.6

Spares First Fills And Inventory 3.6

Commissioning and Start‐Up 3.1

Total Indirect Costs 59.6

Total Direct Indirects 303.3

Contingency 25.5

Total Initial Capital 328.8

Item US$ Millions

Direct Costs

Pre‐Strip 158.6

Surface Mine Development 127.2

Process and Concentrates Handling 292.8


Other capitalized pre‐production costs 5.2

Infrastructure 75.6

Environmental & Reclamation 8.6

Water Management 9.2

Total Direct Costs 736.3

Indirect Costs

Engineering and Procurement 26.4

Construction Management 26.4

Surface Mine Development 3.0

Process and concentrates handling 59.9


Infrastructure 11.1

Environmental, Reclamation and Water 0.9

Owner’s and Personnel Costs 10.8

Total Indirect Costs 144.3

Total Direct Indirects 880.6

Contingency 46.0

Total Initial Capital 926.6


Feasibility Study (Stage 1) - Production Summary

Category UnitsYears

1 - 5Years

1-10LOMTotal

Yearly Mill Feed 000’s tons 2,290 2,302 27,645

Daily Mill Feed Tons 6,451 6,485 6,490

Copper Grade % 1.77 1.58 1.49

Copper Concentrate Production 000’s tons/year 141 126 1,435

Copper in Concentrates Millions Lbs. 75 67 759

Gold in Concentrates Ounces/Year 23,744 15,942 167,439

Silver in Concentrates Ounces/Year 340,090 248,597 2,709,187

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Feasibility Study (Stage 2) - Production Summary

Category UnitsYears

1 - 5Years

1-10LOMTotal

Yearly Mill Feed 000’s tons 25,500 25,570 548,200

Daily Mill Feed Tons 69,939 70,065 69,764

Copper Grade % 0.482 0.424 0.377

Copper Concentrate Production 000’s tons/year 434 385 7,239

Copper in Concentrates Millions Lbs. 221 197 3,692

Gold in Concentrates Ounces/Year 24,089 23,322 483,476

Silver in Concentrates Ounces/Year 849,300 808,870 15,026,000

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0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Cop

per i

n C

once

ntra

tes

Klb

s

Stage 2 Open Pit

Stage 1 Underground

Project Copper Production - Stage 1 & 2

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Stage 1 and Stage 2 - Copper Production By Deposit

East

E2

North

21

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Ann

ual C

oppe

r (00

0s lb

s)

Stage 1 East Underground

Stage 2 North Open Pit

Stage 2 South Open Pit


Project Development Timeline

Pumpkin Hollow ProjectDevelopment Timeline

2013 2014 2015 2016 2017 2018 2019 2020+

3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4

Stage 1: 6,500 tons/day UndergroundShaft SinkingHoist and Headframe (Complete)Shaft EquippingUnderground DevelopmentOre stockpilingPermittingEngineering, ProcurementPower Line upgradeSurface Facilities ConstructionRamp‐upStage 1 Operations

Stage 2 – 70,000 Tons/day Open Pit: With Land TransferStage 2 Complete State permittingStage 2 FinancingStage 2 Construction/Pre‐StripStage 2 Operations & Production

Stage 2 – 70,000 Tons/day Open Pit: No Land Transfer; Federal PermittingStage 2 EIS/permittingStage 2 FinancingStage 2 Construction/Pre‐StripStage 2 Operations & Production

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Next Steps/ Milestones

Completion of production sized Head-Frame & Hoist in Q2-2013 - DONE

Approval of State Mining Permits for Underground Operation - DONE

Execute Project Loan Financing & Equipment Lease In 2013 -DONE

Completion of 2,140 feet production sized shaft in Q4-2014.

Commence detailed engineering & order lead order items - Ongoing.

Drilling results from underground drilling and further drilling from newlydiscovered open pit mineralization.

Passage of Land Bill for Open Pit Operation with permits expected in early 2014.

Fully Funded and Permitted Underground Operation and commencement ofproduction in 2015.

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Appendix

Additional Information

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Land Purchase and Conveyance - Land Bill

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Proposed total land purchase by City of Yerington of 10,300 acres of BLM Administered Federal Lands.

Nevada Copper currently holds 1,560 acres (2.5 square miles) of Private Patented Lands.

3,840 acres of land purchase for Pumpkin Hollow Mine Development for total of 5,440 acres (1,560+3,840= 5,400 acres/8.7 square miles) creating a contiguous block subject only to State and local permitting.

Remainder of Land Purchase 6,460 acres: 2,080 acres for General Economic Development,

Electric Transmission & Potential Solar Development.

840 acres multi-purpose recreational events. 3,540 acres Open Space Buffer.

City of Yerington, Lyon County and Nevada Copper propose to purchase BLM administered federal lands. Purchase will expedite mine and general economic development and provide lands for open space buffers and recreational purposes.


Land Purchase and Conveyance - Land Bill The purchase of lands by municipal entities is

consistent with BLM Policy to transfer lands to Local Rural Communities for Economic &Community Development.

Land Purchase to be implemented through Congressional Legislation. The Land Bill waswas introduced to the House on Feb.’ 2012 and Senate on Dec.’12.

House Natural Resource Committee and Housepassed Land Bill on June 19, 2012.

Senate & House Re-Introduced Land Bill inFebruary 2013 .

Senate - Reported Out of Committee to be sent tofloor for vote. House-To be reported out ofcommittee and then sent to floor for vote.

City of Yerington and Nevada Copper have supportfrom Senator Majority Leader Reid, Senator Heller, Congressman Amodei, Horsford & Heck and Governor Sandoval.

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Pumpkin Hollow Stage 1 Underground Site Layout

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Dry Stack Headframe

Substation

Tails Dewater

SAG & Ball mill

Filter and Concentrate

storage

Paste plant

Crushed ore storageOver flow

ore storage


Stage 2 - Open Pit Site Layout

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Mine RockStorage Facility

Mill

Filtration Plant

Dry Stack TailingsFacility

East Shaft

E2 Vent

South Pit

North Pit

To US 95A


Stage 1 Underground 6,500 tpd Process Flow Sheet

SIMPLE: CRUSH, GRIND, FLOAT

Recoveries: 92% Cu, 100 Microns


Stage 2 Open Pit 70,000 tpd Process Flow Sheet

SIMPLE: CRUSH, GRIND, FLOAT

Recoveries: 89% Cu, 150 Microns


Stage 1 - East Shaft Site

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Shop

Headframe

Hoist

Dry

Photo taken May 2013

Future Mill Site


Galloway

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Hoist & Control Room

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Shaft

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Western Deposits - Open Pit

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Measured And Indicated Resources – As of October, 2013 (1)

Category

CutoffGrade(%Cu)

Tons(000’s)

Average Grade(%Cu)

Contained Lbs. Cu(000’s)

Average GradeAu opt

AuOz.

(000’s)

Average GradeAg opt

AgOz.

(000’s)

CuEquiv. (3)

%Measured 0.20 186,037 0.48 1,793,250 0.002 331 0.056 10,465 0.53Measured 0.15 237,915 0.41 1,954,874 0.002 369 0.051 12,015 0.46

Indicated 0.20 348,389 0.43 3,023,109 0.001 467 0.052 18,200 0.46Indicated 0.15 494,141 0.35 3,493,351 0.001 568 0.046 22,651 0.38

M & I Total 0.20 534,426 0.45 4,816,359 0.001 798 0.054 28,665 0.48M & I Total 0.15 732,056 0.37 5,448,225 0.001 937 0.047 34,666 0.40

Inferred Resources – As of October, 2013 (1)

Category

CutoffGrade(%Cu)

Tons(000’s)

Average Grade(%Cu)

ContainedLbs. Cu(000’s)

Average GradeAu opt

AuOz.

(000’s)

Average GradeAg opt

AgOz.

(000’s)

CuEquiv. (3)

%Inferred 0.20 138,149 0.40 1,103,536 0.001 134 0.044 6,134 0.43Inferred 0.15 225,073 0.31 1,392,266 0.001 198 0.039 8,755 0.42

(1) Includes drilling data up to July, 2012.(2) Mineral resources were prepared and determined in accordance with NI 43-101.(3) The copper equivalency was determined using metal prices of $3.33/lb. copper, $1,376 /oz. gold and $23.07/oz. silver and recoveries of 89.3%, 67.3%, and 56.3% for

copper, gold and silver recoveries respectively.


Eastern Deposits - Underground

Measured and Indicated Resources – As at January 2011 (1)

Category

CutoffGrade(%Cu)

Tons(000’s)

Average Grade(%Cu)

Contained Lbs. Cu(000’s)

Average GradeAu opt

AuOz.

(000’s)

Average GradeAg opt

AgOz.

(000’s)

CuEquiv.(3)

%Measured 1.00 9,206 1.81 333,324 0.011 104 0.240 2,205 2.08Measured 0.75 12,497 1.56 390,372 0.010 128 0.216 2,699 1.81

Indicated 1.00 24,338 1.72 835,589 0.010 247 0.245 5,971 1.97Indicated 0.75 38,092 1.40 1,069,452 0.008 321 0.213 8,118 1.61

M & I Total 1.00 33,544 1.74 1,168,913 0.010 351 0.244 8,176 1.99M & I Total 0.75 50,589 1.45 1,459,824 0.009 449 0.213 10,817 1.68

Inferred Resources – As at January 2011 (1)

Category

CutoffGrade(%Cu)

Tons(000’s)

Average Grade(%Cu)

Contained Lbs. Cu

(000)

Average GradeAu opt

AuOz.

(000)

AverageGradeAg opt

AgOz.

(000’s)

CuEquiv.(3)

%Inferred 1.00 4,926 1.45 143,313 0.002 10 0.101 498 1.51Inferred 0.75 12,098 1.11 267,533 0.002 24 0.065 792 1.16

(1) Includes drilling data up to October 2010.(2) Mineral resources were prepared and determined in accordance with NI 43-101.(3) Copper equivalency is based on $3.00 per pound for copper, $1400 per ounce gold and $20 per ounce silver and metallurgical recoveries of 92%,

78% and 57.5% for copper, gold and silver respectively.

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Iron Resource

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IRON RESOURCE – WESTERN DEPOSITSAs at September, 2012 (1)

CategoryIron % Cut-off

Tons(000’s)

Iron Grade%

Tons Iron(000’s)

Measured 20 242,957 32.8 79,738Measured 30 133,890 39.4 52,737

Indicated 20 152,265 31.0 47,216Indicated 30 98,065 39.0 26,566

M & I Total 20 395,222 32.1 126,954M & I Total 30 231,955 39.1 79,303

Inferred 20 118,334 29.0 34,270Inferred 30 39,392 39.5 15,556

(1) Includes drilling data up to July, 2012.(2) Mineral resources were prepared and determined in accordance with NI 43-101.


Premier Development Site

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Nevada Copper

Business

Transcript of Nevada Copper