Overview of Cyprium Metals Limited's Nifty Surface Mine Scoping Study

Cyprium Metals Limited (CYM) has released the Nifty Surface Mine Scoping Study, showcasing the economic viability of a large surface mine. The study outlines plans for accessing the substantial sulphide resource at Nifty, with an optimal pit containing 70mt of sulphide ore at 0.9% Cu. The truck-shovel surface mine is expected to generate approximately 4.5 mtpa ore feed per year, with an expected average annual production of 36,000 tonnes of contained copper-in-concentrate through expanded plant. The expected capital expenditure for plant refurbishment, expansion, and ancillary site capital is A$175 million, excluding the cost of the mobile fleet. The study shows a NPV% of $880 million and IRR of 46% at a copper price of AUD 13,000. The board has approved the advancement to the Pre-Feasibility Study. The company is engaged in discussions with potential financiers and considers its prospects of securing funding to be strong. The study also outlines future work streams for the project.

Executive Commentary on Nifty Surface Mine Scoping Study

The Nifty Surface Mine Scoping Study demonstrates the economic viability of the surface mine, with a strong NPV and IRR. The company is pleased with the study's outcomes and the board's approval to advance to the Pre-Feasibility Study. We are actively engaged in discussions with potential financiers and are confident in our prospects of securing funding. The study also outlines future work streams for the project, emphasizing our commitment to the project's development and success.

Summary of Cyprium Metals Limited's Nifty Surface Mine Scoping Study

Cyprium Metals Limited's Nifty Surface Mine Scoping Study reveals the economic viability of a large surface mine at Nifty. The study outlines the substantial sulphide resource, expected ore feed, annual copper production, and capital expenditure. The company's prospects of securing funding are strong, and discussions with potential financiers are underway. The study also provides insights into future work streams for the project, highlighting the company's commitment to its development and success.