Cyprium Metals Limited (ASX: CYM) is an ASX listed company with copper projects in Australia.
The Company has a highly credentialed management team that is experienced in successfully developing heap leach copper projects in challenging locations.
The Company’s strategy is to acquire, develop and operate mineral resource projects in Australia which are optimised by innovative processing solutions to produce copper metal on-site to maximise value.
The Company is financing and refurbishing the Nifty Copper Project in 2022 with copper metal production expected in second half 2023. The long life project, which has historically produced over 700,000 tonnes of copper, will initially produce 25,000 tonnes of copper cathode per annum from a resource base of over 900,000 tonnes of copper. Nifty is complete with extensive infrastructure including SX-EW plant, concentrator, gas power station and pipeline, accommodation and sealed all weather airstrip.
The Company has other projects in the Murchison and Paterson regions of Western Australia, that is host to a number of base metals deposits with copper and gold mineralisation. The portfolio of development opportunities has over +1.6Mt of contained copper in Mineral Resources
The company has material exploration upside with a large tenement package in the Paterson Province & farm-in with Independence Group Limited.
The multi-asset strategy is set to capitalise on the global electrification thematic.