Cyprium Metals released a Prefeasibility Study for the Nifty Copper Complex, confirming the economic viability of large-scale copper production through refurbishment and expansion of Nifty's facilities. The study also supports copper cathode production from stockpiled oxide materials.

Highlights include:

• a lifetime production of 718kt copper, G

• ross revenues of A$9 billion, and EBITDA of A$4 billion.

• Brownfield redevelopment costs of $458 million represent 2.3x average EBITDA over the first 10 years of production.

• Pre-tax NPV of A$1,129m and a pre-tax IRR of 28.9%; After tax NPV of A$756m and IRR of 23.6%

• Combined Ore Reserve Estimate for the Projects at 797kt of contained metal.

Investors are encouraged to review the full report and are welcome to reach out with any questions they may have regarding this exciting development.