Nevsun Resources - Nearer to Production

LONDON, July 15, 2010 /PRNewswire/ --

- Research Report From Edison Investment Research

Nevsun Resources has announced that its Bisha Au-Ag-Cu-Zn mine remains on-track to enter production in early 2011. Construction is progressing well, and Bisha should move into the commissioning stage early in the fourth quarter this year. Commissioning will take 60 days, after which commercial production should be achieved by end Q111. Procurement is now 95% complete, and the company is confident its end June 2010 cash position of US$83m is sufficient to meet the remaining requirements. Bisha should achieve quarterly production of 100koz gold during its gold-rich mining phase, at a cash cost of US$250/oz.

To view the full report as well as past analysis, please visit our website: http://tiny.cc/Edison_Nevsun

This report analyses Nevsun Resources, which is developing the Bisha Au-Ag-Cu-Zn volcanic massive sulphide deposit in western Eritrea. The company expects production from the project in 2011. Nevsun is debt free.

Edison is Europe's leading investment research company. It has won industry recognition, with awards in both the UK and internationally. The team of more than 50 includes over 30 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 250 companies across every sector and works directly with corporates, investment banks, brokers and fund managers. Edison's research is read by major institutional investors in the UK and abroad, as well as by the private client broker and international investor communities. Edison was founded in 2003 and is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

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SOURCE Edison Investment Research

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