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INN - Updated Maroochydore Copper-Cobalt Resource Demonstrates Large Copper Sulphide System with 1.6Mt Contained Copper

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Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company), a copper developer focused on recommencing production at the Nifty Copper Complex in the Paterson region of Western Australia (Nifty), has upgraded its mineral resource estimate for its 100% owned Maroochydore Copper-Cobalt Project (Maroochydore). The Maroochydore project is also located in the Paterson region of Western Australia, 81km from the Nifty Copper Complex.

Highlights of the Resource Upgrade include:

Inferred resources of 370,800,000 tonnes at 0.43% Cu and 227 ppm Co for 1,595,000 contained copper and 84,000 tonnes contained cobalt at 0.25% Cu cut-off grade.

Higher-grade zone contained within the inferred resource of 106,300,000 tonnes at 0.67% Cu and 308 ppm Co for 712,000 tonnes contained copper and 33,000 tonnes contained cobalt at 0.45% Cu cutoff grade.

Sedimentary copper mineralisation style demonstrating significant continuity of mineralisation and resource scale - similar geology to nearby Nifty Copper Complex.

Higher grade domain will be further studied as satellite feed operation to Cyprium’s nearby Nifty mill and concentrator in the Paterson district.

Cyprium Executive Chair Matt Fifield commented:“Maroochydore has seen little attention over the last decade - previous work was focused on the near-surface copper oxide mineralization. Cyprium recognised the same sedimentary copper mineralisation style that we have at Nifty and turned our attention to the potential of the copper sulphide resource. We remodelled the historic resource from first principles and included an additional 19,456 meters of core and RC drilling that was available.

The results are clear – Maroochydore is a very large, near-surface sulphide resource with a higher- grade zone that has high potential to be a medium-term expansion project for Cyprium. An important moment for Cyprium, and a potential meaningful source of Australian copper and cobalt.”

Read the full article on Investing News Network