Cyprium Metals moves towards restarting Nifty Project

Written by Proactive

Snapshot

• Cyprium Metals cleared to restart Nifty Copper - ICYMI

• Cyprium Metals pushes ahead with integrated mine development strategy to restart Nifty

• Cyprium Metals unveils strategic alliance with Macmahon

About the company

Cyprium Metals Ltd (ASX: CYM) is an ASX-listed Australian copper company. Its flagship property is the Nifty Copper Complex in Western Australia, which previously produced significant copper from both oxide and sulphide resources. Cyprium is focused on redeveloping Nifty, which has the advantage of significant invested capital, data from a long operating history, large-scale resources, current operational approvals, and recent investment in the property.

The Company’s other assets include significant copper-focused properties in the Paterson and Murchison Provinces, including multiple defined resources.

Investment Highlights:

• Nifty 83Mt @ 0.90% Cu for 753kt Cu in Reserve + 91kt cont. Cu in leach pads

• Maroochydore 371Mt @ 0.43% Cu, 227ppm Co for 1.6Mt Cu, 84kt Co. High-grade zone: 106Mt @ 0.67% Cu for 712kt Cu

• Development Fast-track restart with low capex and near-term cash flow from heap leach reprocessing

• Advantage Tier-one copper assets in Western Australia with existing infrastructure and permits in place

• Exploration Highly prospective copper targets at Paterson and Cue support long-term growth pipeline

For more information, visit: www.cypriummetals.com

How it is doing

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMD) earlier this week received final approval to restart the Nifty Copper Project in Western Australia.

The approval came from the Department of Energy and Economic Diversification. The company said this marks the final step required to restart copper cathode production at the site.

Executive Chairman Matt Fifield told investors the project would now proceed into the first phase of development. He said this approach was consistent with a phased strategy to gradually increase production capacity.

The company highlighted that the initial restart would involve 30 to 35 staff per shift and would lead to the creation of more than 70 permanent and 80 construction jobs.

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) has formally approved the restart of cathode operations at the Nifty Copper Complex in Western Australia, marking the final internal milestone needed to push the project towards first copper production in mid-2026.

The decision gives management the authority to commit to significant early-works spending and long-lead procurement, keeping the project on schedule and building on a busy period of corporate and operational progress for the company, including a $74 million placement and $6 million entitlement offer completed last month to fund the restart.

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) has cleared the final administrative hurdle for the restart of cathode operations at its Nifty Copper Complex in the Paterson region of Western Australia. The Western Australia Department of Energy and Economic Diversification has approved the company’s Notice to Proceed, building on earlier regulatory submissions made under the State Agreement governing Nifty.

The restart forms part of Cyprium’s phased redevelopment strategy for Nifty and will initially focus on recovering copper from existing above-ground leach pads.

Insight: Cyprium Metals pushes ahead with integrated mine development strategy to...

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) is making steady progress towards the restart of its brownfield Nifty Copper Project in Western Australia as a long-life large-scale open pit mine, targeting first cashflow within two years.

Nifty, which was discovered by WMC in 1981 and started operation in 1993 as an open-pit oxide copper mine, is on the western edge of the Great Sandy Desert in the northeastern Pilbara region.

What management says

Cyprium Metals Ltd executive chair Matt Fifield talks with Proactive’s Tylah Tully about the company's latest developments and its ambitious 2025 plans.

Fifield emphasised the transformational impact of 2024, which included the release of a pre-feasibility study (PFS) for the Nifty Copper Complex in Western Australia.

This study detailed plans for surface mining and a refurbished concentrator, projecting a net present value of $1 billion, $4 billion in life-of-mine cash flow and 20 years of reserves.

Read the full article on Proactive here