Quarterly Activities/Appendix 5B Cash Flow Report

Cyprium Metals has achieved significant milestones in the December 2024 quarter, including completing Tranche 1 of a $13.5 million placement and releasing a Pre-feasibility Study confirming the economic viability of the Nifty Copper Complex. The study highlighted Nifty's potential as a cornerstone copper project with a pre-tax NPV of A$1.12 billion and a 20-year project life. Strategic initiatives, such as the sale of surplus generators and a review of Murchison assets, demonstrate the company's focus on maximising shareholder value and advancing the Nifty redevelopment.

Financially, the company closed the quarter with A$14.2 million in cash, with active measures to optimize financial flexibility through capital structure and strategic partnerships like the Glencore facility.

Investors are encouraged to review the details in the full announcement and can reach out with any questions they may have. Cyprium is well-positioned for a transformative year ahead, with a strengthened balance sheet and strategic priorities in place.