Cyprium Metals Ltd

Cyprium Metals (ASX: CYM) is an Australian copper producer focused on the restart and expansion of the Nifty Copper Complex in Western Australia. Nifty is one of Australia's most advanced brownfield copper assets, underpinned by a substantial resource base, extensive existing infrastructure, and a proven history of both copper cathode and concentrate production.

The project benefits from existing, large-scale infrastructure, including a 25ktpa SX-EW plant, a ~3.0Mtpa concentrator, accommodation village, airstrip and established haul road network, providing a strong foundation for a low-capital restart of operations, and future expansion.

Cyprium’s restart strategy is centred on the Phase 1 Cathode Restart Project, which is designed to re-leach existing heap leach pads and recover residual copper through the refurbishment and utilisation of the existing SX-EW plant. The project provides a low-capital pathway to re-establish copper cathode production at Nifty, targeting an initial production rate of approximately 6ktpa.

Building on the Phase 1 Cathode Restart Project, Cyprium is progressing a range of growth opportunities aimed at expanding copper cathode production and increasing copper-in-leach. These initiatives include enhanced recoveries from existing heap leach pads, the evaluation of mineralised waste dump material remaining on-site, and the assessment of shallow oxide resources within the Nifty open pit identified previously in the Nifty PFS. Together, these opportunities have the potential to provide additional feed for the SX-EW operation and support increased cathode production over time.

As part of its broader growth strategy, Cyprium is also evaluating the restart of the existing concentrator and the recommencement of sulphide mining from the Nifty open pit to produce copper concentrate. The concentrator currently has the capacity to produce approximately 50ktpa of copper concentrate, with future expansion studies targeting throughput growth to 4.5Mtpa.

Complementing the Nifty restart strategy, Cyprium controls a substantial 2,200km² exploration portfolio across the Paterson and Murchison regions of Western Australia. These assets provide potential future feed sources for both the SX-EW and concentrator operations while offering opportunities for broader resource growth.

The 100%-owned Maroochydore Copper Project, located ~85km from Nifty is one of the largest existing greenfield copper footprints in Australia, with a current resource of 370.8Mt at 0.43% Cu for 1.595Mt contained Cu.  

Following completion of its joint venture with IGO Limited (ASX: IGO), Cyprium regained 100% ownership of the Paterson Exploration Project, retaining the benefit of approximately $24 million in historical exploration investment, including more than 900,000m of drilling and extensive geoscientific datasets. Initial reviews of this data have identified multiple compelling exploration targets with the potential to support future resource growth, extend mine life and contribute to the long-term development of the Nifty Copper Complex.

Leveraging its refurbished infrastructure, clear copper production growth pathway and large-scale exploration portfolio, Cyprium is well positioned to expand copper production at Nifty and unlock additional value across its broader asset base. Under the guidance of an experienced and dedicated Board and Management team, Cyprium is strategically positioned to become a significant Australian copper producer supporting the global energy transition for decades to come.