Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF).
The company has released its pre-feasibility study (PFS) for the Nifty Copper Complex redevelopment in Western Australia, confirming strong economic potential. The study outlines plans to refurbish the existing brownfield concentrator, establish a new surface mine and produce copper cathode by reprocessing Heap Leach Pads 1-6, representing oxide opportunities.
The key findings project a life-of-mine (LOM) copper production of 718,000 tonnes, with an average annual output of 37,300 tons in the first decade. At a long-term copper price of A$13,253 per tonne, the project is expected to generate gross revenues of A$9.2 billion. Economic metrics include a pre-tax net present value (NPV) of A$1.13 billion (A$756 million after tax) and a pre-tax internal rate of return (IRR) of 28.9% (23.6% after tax).
Redevelopment costs are estimated at A$458 million, with A$239 million allocated to refurbishing the concentrator and A$30 million for the cathode project. The ore reserves include 83 million tonnes at 0.90% copper in the Concentrate Project and an additional 10.6 million tonnes at 0.41% copper for the Cathode Project.
With all major permits secured, Cyprium views the PFS as a pivotal milestone, providing a foundation for future activities.