Company
ASX:CYM
Cyprium Metals Limited is an ASX-listed Australian copper company. The company's flagship property is the Nifty Copper Complex in Western Australia, which previously produced significant copper from both oxide and sulphide resources. Nifty has a Mineral Resource Estimate of 1,038,000 tonnes of copper and a mineral inventory of 91,000 tonnes of copper in existing leach pads.
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Noel Ong catches up with Barry Cahill, managing director of Cyprium Metals, who details the meaning of a recent offtake prepayment announcement and takes viewers through the myriad of steps that will trigger production of copper plate at th
Rare earths & specialist minerals
Cyprium Metals is an Australian copper developer and explorer with a portfolio of near-term development projects focussed in Western Australia.
Cyprium recently displayed robust economics in the release of its Restart Study for the Nifty Copper Mine in the Pilbara region of Western Australia.
Cyprium has projects with mineral resources of 200,000 tonnes of copper and 100,000 ounces of gold in the Murchison region.
Investments and investor services
Cyprium Metals recently intesected sulphide ore grade copper in the second diamond hole, part of a phase 1 diamond drilling program at the Nanadie Well Copper-Gold Project in Western Australia’s Mid-West.
“These are another set of fantastic drill results for this extensive deposit, which is very shallow, broad, consistently mineralised and is open in multiple directions,” says director.
Copper and Western Australia’s Paterson Range are gaining increased focus in the mining world and the Nifty Copper Mine is set to benefit.
Cyprium Metals will transform into a copper producer in quick time having acquired the Nifty Copper Mine and Maroochydore Copper Project.
The acquisition and development of the copper assets will be funded from existing cash reserves and a A$90 million placement, which has been supported by professional and sophisticated investors.
The company has received the required regulatory program of works (POW) approval for diamond drilling and reverse circulation drilling programs.
