Quarterly Activities/Appendix 5B Cash Flow Report

Cyprium Metals is pleased to report on its activities for the quarter ended September 2024. The company successfully extended and refinanced balance sheet maturities, with $20.6 million cash on hand. Progress on redeveloping the Nifty Complex included a re-optimization for a new surface mine and the release of a Heap Leach Mineral Resource Estimate.<br/><br/>Offtake agreements with Glencore were executed, allowing for end-to-end production of copper within Australia. The company is also exploring strategic options for its Murchison portfolio. The amendment of Metals X Convertible Notes will extend the redemption date by 3 years.<br/><br/>The company continues to strive for positive outcomes for shareholders by focusing on advancing the redevelopment of the Nifty copper complex. The strategic partnership with Glencore enables Cyprium to offer ownership and offtake options to strategic investors. The company is now deep in planning for the Pre-Feasibility Study at Nifty.<br/><br/>For investors seeking more information, Cyprium encourages a visit to their investor center on their website. Any questions or inquiries are welcomed, and the company is committed to transparency and value creation for investors.