Nevsun Resources Ltd. is a gold and base metal developer focused on the rapid completion and production of the Bisha Mine in Eritrea, Africa. The Bisha Project is a fully financed and permitted high-grade gold, copper and zinc deposit with operations to commence in late 2010.

The Bisha Project has received continuous support from the Eritrean government, who granted the Company's mining license in January 2008. The project is positioned to become the first modern day mine in this NE African country, with production projected to return payable metals of:

1.06 Million Oz GOLD  |  9.4 Million Oz SILVER  |  734 Million Lb COPPER  |  1,075 Million Lb ZINC

The Bisha Mine will be a low-cost gold producer for the first two years and a low-cost, high-grade copper and zinc producer for the remaining 10 year mine life. Further resource potential exists at depth and from nearby discoveries within the Company's licensed areas.

Mission Statement:

To maximize shareholder value through the successful exploration, development and production of our gold and base metal properties.

The Bisha Mine will be a low cost gold producer for its first two years of production (approx. 430,000 ounces gold per year) and a low cost high grade copper concentrate producer (approx. 80,000 tonnes of contained copper metal per year) for a further three years. Thereafter the mine will produce separate zinc and copper concentrates. 

The Bisha Project is a large precious and base metal-rich volcanogenic massive sulphide (VMS) deposit located 150km west of Asmara, Eritrea, East Africa. Deposit mineralization consists of gold and silver oxides, in addition to copper and zinc massive sulphides.

Nevsun is currently focused on the rapid completion of the Bisha Mine, which began construction in September 2008. The Mine is expected to go into production in late 2010, and be a low-cost gold producer for the first two years, and a high-grade copper concentrate and zinc producer for the remaining mine life. 

The Bisha Mine is expected to produce 1.06 million ounces of gold, 9.4 million ounces of silver, 734 million pounds of copper, and over one billion pounds of silver. For a full production schedule, please refer to our Corporate Presentation.

Bisha's mining and exploration licenses cover a contiguous area of 133.5 km2 . The Bisha Main and North West zone are both located within the 16.5 km2 mining license. Nevsun, through its Eritrean subsidiary, Bisha Mining Share Company, holds the Licenses.

Under existing Eritrean mining legislation, the State of Eritrea has an automatic right to a free carried 10% interest and under an agreement with Nevsun has an additional 30% paid participating interest. This 30% contributing interest was agreed upon in October 2007, with a provisional $25M payment made to Nevsun; the remaining balance to be paid to Nevsun will be determined by an independent valuator and shall be based on the net present value of 30% of the project, as evaluated upon the first shipment of gold from the mine.

For further information please CLICK HERE

Directors

R. Stuart (Tookie) Angus
Director, Chairman

Cliff T. Davis
Director, Chief Executive Officer

Robert J. Gayton
Director

Gerard E. Munera
Director

Gary E. German
Director

Management

Cliff T. Davis
Chief Executive Officer, Director

Trevor Moss
Executive VP and Chief Operating Officer

Peter Hardie
Chief Financial Officer

Maureen Carse
Corporate Secretary

Stan Rogers
Bisha Project General Manager

For further details on the directors and management of Nevsun please CLICK HERE

As at February 16, 2010