Cyprium Metals Ltd (ASX:CYM) Quarterly Activities Report

Perth, Australia, January 31, 2023 – (ABN Newswire) – Cyprium Metals Limited (ASX:CYM) is June 2019 Strategies to develop copper projects in Australia.

Cyprium’s first deals of 2019 were Earn-Ins and Joint Ventures. Hollanda Copper Project, shallow high-grade copper sulfide resources. This was followed in 2020 by the purchase of nearby shallows. Nanadi Well Copper Gold Projectin combination with Hollandaire, Murchison Copper Gold ProjectCyprium then acquired the Asset Portfolio in 2021. nifty copper project (Care and Maintenance), Income and Joint Ventures of Large Maroochydore Copper Cobalt Resources and Regional Exploration IGO Co., Ltd. (ASX:IGO).

nifty copper project An open pit oxidized heap leach solvent extraction electrowinning (SX-EW) operation, an underground sulfide mine, a 2.8 Mtpa sulfide concentrator and associated infrastructure are already in place, all under care and maintenance.

Nifty ranks sixth in copper development projects. Australia Copper metal and the highest grade of the top group while Maroochydore is ranked eighth.

Cyprium currently has a short-term production project from an Australia-based long-life mine producing copper metal, a key metal in the global transition to a clean and sustainable energy infrastructure. .

Nifty Copper Restart Project

– Fixed Income Investor Conference Call with International Fixed Income Capital Markets Investors Launched

– Dedicated term sheet for protected copper cathode prepayment facility agreed Transamine SAbelow it:

o Take-back arrangements for 100% of the copper cathodes produced in Phase 1 of the Nifty Copper project restart. It is expected to exceed 140,000 tons.

o US$35 million Secure offtake prepayment feature

– The proposed senior secured bond issuance and secured offtake advance project financing are part of Nifty Copper Project Restart’s total debt financing package.

– Has all required regulatory approvals prior to financing

Murchison Copper and Gold Project

– RC drilling of targets in Cyprus cue project 5 out of 7 targets tested returned anomalous results

– RC drilling is aimed at the discovery of congruent parent material deposits

– RC drilling at E20/630, under the northern half of the extensive soil anomaly, elevated copper and gold values ​​from 3 of the first 4 drill holes completed under this untested soil anomaly. Did.

– RC drilling at Mount Elijah under Gossan outcrop intersected with unusual levels of copper, zinc and gold

Managing director Barry Cahill comment:

“We have finalized our due diligence and documentation and have commenced an offering to fixed income investors for the pending senior secured bond issuance. January 2023.

Also during the quarter, we signed an exclusive term sheet with Transamine for a secure prepayment facility for copper cathode offtake.

The contemplated bond issuance and prepayment facility are part of a complete financial package for the resumption of financial services. nifty copper project.

Potential bond investors have focused on the short 12-month timeframe to full production and lower capital costs of refurbishing the brownfield site, where 200,000 tonnes of copper cathodes are already being produced, and the initial ‘s engagement was very encouraging.

The economics of the restart project remain very strong and will be further strengthened given the current copper price of around AUD13,000 per tonne. These copper prices are AUD1,000 higher per tonne than those used in the Nifty Copper Project Restart Study.

Cyprium continues to work on development projects during the quarter. Cue results are another part of building the quality copper business that we have. ”

*To view the full quarterly report, please visit:

about Cyprium Metal Co., Ltd.:

Cyprium Metals Limited (ASX:CYM) has grown into a middle-tier mining business and manages a portfolio of Australian copper projects, poised to deliver critical natural resources, strong shareholder returns and sustainable value for shareholders I’m here. We pursue this goal in true partnership with our employees, customers, shareholders, communities and other stakeholders based on integrity, collaboration, transparency and mutual value creation.

contact address:

Barry Cahillexecutive director
Phone: +61 8 6374 1550

Wayne AptedCFO
company secretary

Lexi O’HalloranInvestor and Media Relations
Phone: +61 404 577 076

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