SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sanders Elaine

(Last)

(First)

(Middle)

SUITE 2300, 200 GRANVILLE STREET

(Street)

VANCOUVER

V6C 1S4

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/30/2012

3. Issuer Name and Ticker or Trading Symbol
NovaCopper Inc. [ NCQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP and Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	7,834	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	04/30/2013	04/29/2017	Common Shares	166,666	$3.31	D
Stock Option (right to buy)	04/30/2014	04/29/2017	Common Shares	83,334	$3.11	D
Stock Option (right to buy)	04/30/2013	07/09/2017	Common Shares	100,000	$3.11	D
Stock Option (right to buy)	04/30/2014	07/09/2017	Common Shares	50,000	$3.11	D
Stock Option (right to buy)	04/30/2012	03/31/2018	Common Shares	8,833	$4.25	D
Stock Option (right to buy)	04/30/2012	12/02/2015	Common Shares	6,138	$7.74	D
Stock Option (right to buy)	12/03/2012	12/02/2015	Common Shares	3,070	$7.74	D
Stock Option (right to buy)	04/30/2012	12/06/2016	Common Shares	9,111	$5.92	D
Stock Option (right to buy)	12/07/2012	12/06/2016	Common Shares	9,111	$5.92	D
Stock Option (right to buy)	12/07/2013	12/06/2016	Common Shares	9,111	$5.92	D
Stock Option (right to buy)	04/30/2012	01/16/2015	Common Shares	8,333	$4.72	D
Stock Option (right to buy)	04/30/2012	01/20/2015	Common Shares	4,800	$3.41	D
Stock Option (right to buy)	04/30/2012	01/07/2014	Common Shares	7,666	$1.31	D
Stock Option (right to buy)	04/30/2012	03/09/2016	Common Shares	8,333	$7.49	D
Stock Option (right to buy)	04/30/2012	05/28/2014	Common Shares	13,983	$2.8	D
Stock Option (right to buy)	04/30/2012	05/28/2014	Common Shares	10,391	$2.8	D

Explanation of Responses:

Remarks:

	/s/ Jennifer Harmer as attorney-in-fact for Elaine Sanders	11/30/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.