Price Target Changed • Jun 09
Price target increased by 13% to AU$0.85 Up from AU$0.75, the current price target is an average from 2 analysts. New target price is 136% above last closing price of AU$0.36. Stock is up 33% over the past year. The company is forecast to post a net loss per share of AU$0.038 next year compared to a net loss per share of AU$0.15 last year. New Risk • Apr 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$17m Forecast net loss in 2 years: AU$3.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$3.3m net loss in 2 years). Price Target Changed • Mar 27
Price target decreased by 9.6% to AU$0.75 Down from AU$0.83, the current price target is an average from 2 analysts. New target price is 103% above last closing price of AU$0.37. Stock is up 76% over the past year. The company is forecast to post a net loss per share of AU$0.033 next year compared to a net loss per share of AU$0.15 last year. Annonce • Mar 23
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 36 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 36 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,553,846
Price\Range: AUD 0.52
Discount Per Security: AUD 0.026
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 676,924
Price\Range: AUD 0.52
Discount Per Security: AUD 0.026
Transaction Features: Subsequent Direct Listing New Risk • Mar 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$17m Forecast net loss in 2 years: AU$4.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$4.6m net loss in 2 years). Breakeven Date Change • Jan 27
Forecast to breakeven in 2028 The analyst covering Cyprium Metals expects the company to break even for the first time. New forecast suggests losses will reduce by 15% per year to 2027. The company is expected to make a profit of AU$2.90m in 2028. Average annual earnings growth of 63% is required to achieve expected profit on schedule. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (223% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$24m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Annonce • Nov 22
Cyprium Metals Limited Approves the Cathode Project Restart Plan with First Production of Copper Cathode Expected in Mid-2026 Ecora Resources PLC notes the press release issued by Cyprium Metals Limited ("Cyprium"), a copper developer focused on the phased restart of the Nifty Copper Complex in the Paterson region of Western Australia ("Nifty Project"), announcing that the Cyprium Board of Directors has approved the Cathode Project restart plan with first production of copper cathode expected in mid-2026. Ecora holds a 1.5% Realised Value Royalty on the Nifty Project. Royalty payments to Ecora are not triggered until cumulative 800kt of copper has been produced from the mine. Taking into account historical copper production, targeted production of the Cathode Project and the restart of open pit mining operations, this threshold is not expected to be reached until at least five years from production restarting. Annonce • Oct 21
Cyprium Metals Limited, Annual General Meeting, Nov 20, 2025 Cyprium Metals Limited, Annual General Meeting, Nov 20, 2025. Location: at novotel perth murray street, 388 murray street, perth wa 6000 Australia Annonce • Oct 17
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 74.000001 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 74.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 515,931,656
Price\Range: AUD 0.028
Discount Per Security: AUD 0.001602
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,126,925,510
Price\Range: AUD 0.028
Discount Per Security: AUD 0.001602
Transaction Features: Subsequent Direct Listing New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$21m net loss in 2 years). Market cap is less than US$100m (AU$100.6m market cap, or US$66.5m). Annonce • Mar 07
Solstice Minerals Limited (ASX:SLS) completed the acquisition of Nanadie Copper-Gold Project from Cyprium Metals Limited (ASX:CYM). Solstice Minerals Limited (ASX:SLS) entered into a Sale and Purchase Agreement to acquire Nanadie Copper-Gold Project from Cyprium Metals Limited (ASX:CYM) for AUD 1.9 million on February 5, 2025. A cash consideration of AUD 1 million will be paid by Solstice Minerals Limited. The consideration consists of 3 million common equity of Solstice Minerals Limited to be issued for assets of Nanadie Copper-Gold Project. Solstice Minerals Limited will pay an earnout/contingent of 3 million common equity. As part of consideration, AUD 1 million is paid towards assets of Nanadie Copper-Gold Project.
The transaction is subject to customary closing conditions, approval by regulatory board / committee and approval of offer by acquirer shareholders.
Canaccord Genuity (Australia) Limited acted as financial advisor to Cyprium Metals Limited
Solstice Minerals Limited (ASX:SLS) completed the acquisition of Nanadie Copper-Gold Project from Cyprium Metals Limited (ASX:CYM) on March 6, 2025. Board Change • Mar 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Gary Comb was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 06
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 13.529688 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 13.529688 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,714,285
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00168
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 297,488,855
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00056
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Feb 05
Solstice Minerals Limited (ASX:SLS) agreed to acquire Nanadie Copper-Gold Project from Cyprium Metals Limited (ASX:CYM) for AUD 1.9 million. Solstice Minerals Limited (ASX:SLS) entered into a Sale and Purchase Agreement to acquire Nanadie Copper-Gold Project from Cyprium Metals Limited (ASX:CYM) for AUD 1.9 million on February 5, 2025. A cash consideration of AUD 1 million will be paid by Solstice Minerals Limited. The consideration consists of 3 million common equity of Solstice Minerals Limited to be issued for assets of Nanadie Copper-Gold Project. Solstice Minerals Limited will pay an earnout/contingent of 3 million common equity. As part of consideration, AUD 1 million is paid towards assets of Nanadie Copper-Gold Project.
The transaction is subject to customary closing conditions, approval by regulatory board / committee and approval of offer by acquirer shareholders.
Canaccord Genuity (Australia) Limited acted as financial advisor to Cyprium Metals Limited Annonce • Dec 23
Cyprium Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.995434 million. Cyprium Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.995434 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 106,979,789
Price\Range: AUD 0.028
Security Features: Attached Options
Transaction Features: Rights Offering Annonce • Dec 13
Cyprium Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 13.5 million. Cyprium Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 13.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,714,285
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00168
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 189,285,714
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00056
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 107,142,857
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00056
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Dec 06
Appian Capital Advisory LLP cancelled the proposal to acquire Cyprium Metals Limited (ASX:CYM) for AUD 53.4 million Appian Capital Advisory LLP proposed to acquire Cyprium Metals Limited (ASX:CYM) for AUD 53.4 million on November 26, 2024. A cash consideration of AUD 53.4 million valued at AUD 0.035 per share will be paid by Appian Capital Advisory LLP. As part of consideration, AUD 53.4 million is paid towards common equity of Cyprium Metals Limited.
The transaction is subject to approval of merger agreement by target board. The deal has been rejected by the board due to inadequate offer price.
King & Wood Mallesons, Australia Branch acted as legal advisor for Cyprium Metals Limited.
Appian Capital Advisory LLP cancelled the proposal to acquire Cyprium Metals Limited (ASX:CYM) on November 26, 2024. Annonce • Oct 31
Cyprium Metals Limited, Annual General Meeting, Nov 28, 2024 Cyprium Metals Limited, Annual General Meeting, Nov 28, 2024. Location: at four point by sheraton perth, 707 wellington street, perth wa 6000, Australia New Risk • Apr 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$19m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$59.5m market cap, or US$38.9m). Annonce • Mar 28
Cyprium Metals Limited, Annual General Meeting, May 28, 2024 Cyprium Metals Limited, Annual General Meeting, May 28, 2024, at 10:00 W. Australia Standard Time. Location: Cyprium Metals Limited, Level 1, 437 Roberts Road Subiaco, Subiaco Western Australia Australia New Risk • Mar 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m (AU$799k revenue, or US$522k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$30.5m market cap, or US$19.9m). New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m (AU$799k revenue, or US$524k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$25.9m market cap, or US$17.0m). Recent Insider Transactions • Jan 07
Non-Executive Chairman recently bought AU$88k worth of stock On the 29th of December, J. Fifield bought around 3m shares on-market at roughly AU$0.027 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. J. has been a buyer over the last 12 months, purchasing a net total of AU$847k worth in shares. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Gary Comb was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 15
Cyprium Metals Limited Announces Board Changes Cyprium Metals Limited announced the appointment of Mr. Ross Bhappu as a Non-Executive Director of the Company, effective immediately. Mr. Bhappu is currently a Senior Strategic Advisory Partner at Resource Capital Funds (RCF), and previously served as its Head of Private Equity Funds. He is a seasoned mining executive, investor and highly experienced director with technical and financial expertise having managed a portfolio of investments over his 35-year career. Prior to RCF, Ross was CEO of a development stage mining company, served as Director of Business Development for Newmont Mining Corporation and various technical and commercial roles for Cyprus Minerals Company. Mr. Matt Fifield who has served as Non-Executive Interim Chair of the Board since 13 September 2023 has agreed to step into the role formally as Non-Executive Chairman of the Board. As part of the Board renewal process, Mr. John Featherby has resigned as a Non-Executive Director of the Company, effective immediately. The Company intends to appoint new Director/s in the near future with additional skills and expertise to support the Company's growth ambitions. Annonce • Oct 13
Cyprium Metals Limited Announces Management Changes Cyprium Metals Limited advised that Wayne Apted has resigned as the Chief Financial Officer, effective October 11, 2023. The Company's Group Financial Controller, Manu Trivedi will serve as the Company's interim CFO until a suitable replacement is found. Annonce • Oct 12
Cyprium Metals Limited Announces Change of Company Secretary Cyprium Metals Limited advised that Wayne Apted has resigned as the Chief Financial Officer, effective October 11, 2023. David Hwang has been appointed Company Secretary of the Company, effective immediately. For the purpose of ASX Listing Rule 12.6, Mr. David Hwang, Company Secretary, is the person responsible for communications with the ASX in relation to ASX Listing Rule matters. David is a corporate lawyer, company secretary and advisor to Boards and management of pre-IPO and ASX listed entities. David regularly advises emerging and listed entities across a range of compliance, legal, governance and strategic matters. David is the Managing Director of Confidant Partners, which provides ASX compliance, company secretarial and Board advisory services. Prior to this, David was a senior executive at a leading integrated technology solutions and professional services provider, where he led Australia's outsourced company secretarial and legal team. Recent Insider Transactions • Oct 06
Non-Executive Interim Chair recently bought AU$758k worth of stock On the 3rd of October, J. Fifield bought around 22m shares on-market at roughly AU$0.034 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was J.'s only on-market trade for the last 12 months. New Risk • Sep 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 109% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Shares are highly illiquid. Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m (AU$799k revenue, or US$512k). Minor Risk Market cap is less than US$100m (AU$48.8m market cap, or US$31.3m). Board Change • Sep 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director John Featherby was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 12
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,496,934
Price\Range: AUD 0.04
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 84,503,066
Price\Range: AUD 0.04
Transaction Features: Rights Offering Annonce • Jun 28
Cyprium Metals Limited announced that it expects to receive AUD 21.014492 million in funding Cyprium Metals Limited announced a private placement to issue Senior Secured Loan Facility for AUD 21,014,492 in a loan round of funding on June 26, 2023. The transaction will include participation from new lender Natural Resources Credit Fund II, LP. The company will issue to provide up to AUD 21,014,492 in two Tranches, with AUD 10,869,565.2173913 drawn at closing and AUD 10,144,927.53623188 available to be drawn subject to a limited number of conditions precedent. The tranche bears 5% on Tranche 1 and 10.0% on Tranche 2. The company is issuing warrants 2-year, 1 for 5.5 warrants which will be priced at either a 20% premium to the share price of a future equity raise or, if no equity raise is completed by 31 December 2023, the warrant strike price shall be priced at AUD 0.088 per share. The coupon rate is Secured Overnight Financing Rate (SOFR) +6.5% p.a. payable monthly until 31 December 2024 as facility term. Annonce • May 24
Cyprium Metals Limited Announces Management Changes Cyprium Metals Limited announced the following appointments to the management of the Company: Appointment of Experienced Industry Executives Cyprium has, with immediate effect, appointed two experienced industry executives, Clive Donner and Milan Jerkovic, to work with the current management team and board. The refreshed team will review, optimise and recommend the best path to fund and execute the agreed development plan for the Nifty project. Clive Donner is an experienced mining private equity and financing expert, who has been engaged to lead the Company's focus on corporate development and capital raising initiatives for the board. Mr. Donner's initial role will be to assist the Company source and execute the capital financing for the current development plan and thereafter, review the optimum longer term development pathway to commercialise the full potential of the Nifty project. Mr. Donner will focus on reviewing the capital intensity, timing and risk factors of the various longer term development alternatives. Milan Jerkovic is an experienced mining veteran who will assist in the execution of the development plan for Nifty and provide leadership input to the development team in the Company. Mr. Jerkovic has previously built a number of mines, with substantial and relevant copper expertise. It is anticipated that there will be further board and management changes once the capital financing has been secured. Barry Cahill will resign from the board and remain in a technical development role. Clive Donner and Milan Jerkovic will continue as executives of the Company on a full-time basis. Annonce • Nov 17
Cyprium Metals Limited Announces Encouraging RC Drilling Results at the Cue Project Cyprium Metals Limited reported assay results from the April/May 2022 Reverse Circulation ("RC") drilling campaign which was completed at the Cue Copper Project as outlined. RC drilling of targets at Cyprium's Cue Project has returned anomalous results at 5 of 7 targets tested. RC drilling is targeted at discovering syngenetic-structural base metal deposits. RC drilling on E20/630, under the northern half of an extensive soil anomaly returned elevated copper and gold values from 3 of the 4 drillholes the first completed under this untested soil anomaly. RC drilling at Mt Eelya under outcropping gossan intersected anomalous levels of copper, zinc and gold. 44m @ 1,167 ppm Cu & 3,525 ppm Zn from 0m in 22CURC004 including: 4m @ 5,020 ppm Cu, 8,720 ppm Zn & 0.12 g/t Au from 8m; 4m @ 3,800 ppm Cu, 2,030 ppm Zn & 0.39 g/t Au from 40m. 4m @ 6,850 ppm Zn from 24m in 22CURC005. 4m @ 5,385 ppm Zn from 68m in 22CURC005. 12m @ 1,380 ppm Ni & 139 ppm Co from 80m in 22CURC013. 8m @ 1,435 ppm Ni from 68m in 22CURC014. 16m @ 1,160 ppm Ni & 102 ppm Co from 52m in 22CURC015. 12m @ 1,937 ppm Cu & 0.12 g/t Au from 72m in 22CURC022. 8m @ 2,315 ppm Cu & 0.11 g/t Au from 56m in 22CURC024. 16m @ 2,969 ppm Cu from 88m in 22CURC025. 4m @ 7,220 ppm Cu & 0.13 g/t Au from 88m. 20m @ 2,010 ppm Cu from 100m to EOH in 22CURC026: 4m @ 3,750 ppm Cu & 0.15 g/t Au from 116m to EOH. The Cue tenements cover 180 square kilometres of volcano-sedimentary and intrusive rocks prospective for syngenetic-structural base metal deposits comprised of disseminated, stringer, semi-massive and massive sulphides dominantly pyrite/pyrrhotite with associated chalcopyrite/chalcocite and minor bornite/sphalerite. Weathering of primary sulphides has resulted in oxide mineralisation at Hollandaire with development of oxide and supergene material noted but not fully defined at the Eelya South and Mount Eelya deposits. Historic exploration in the area has predominately focussed on gold. The Hollandaire copper/gold deposit (Indicated and Inferred Resources of 2.78Mt @ 1.90% Cu & 0.32g/t Au) was discovered in 2011 and led to an exploration focus on base metal systems. Substantial datasets have been generated by previous owners of the tenements; Cyprium geologists are continuing to review and evaluate the historic and Cyprium generated data to identify potential base metal targets in the Cue Copper Project. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. MD & Executive Director Barry Cahill was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 26
Cyprium Metals Limited Reports Assay Results from the April/May 2022 Reverse Circulation ("Rc") Drilling Campaign Which Was Completed At the Nanadie Well Project Cyprium Metals Limited reported assay results from the April/May 2022 reverse circulation ("RC") drilling campaign which was completed at the Nanadie Well Project ("NWP"). The 6 RC drillhole programme tested a variety of exploration targets in the NWP for a total of 918 metres. The Stark basal contact target consists of magmatic Cu-Ni-PGE mineralisation associated with the Barrambie Igneous Complex ("BIC"), a layered mafic-ultramafic intrusive complex that extends for 75 kilometres along a major NNW-SSE striking crustal boundary - the Youanmi Shear Zone. Mineralisation observed by previous operators and Cyprium consists of disseminated, stringer, matrix, semi-massive and massive sulphides - primarily chalcopyrite with lesser pyrrhotite, pyrite and pentlandite - located at or near the base of some intrusions within the complex Outcropping Cu-Ni gossan and sulphide mineralisation was discovered in and around shallow historic workings at the Stark prospect in 2014. Mineralisation is hosted by gabbro on or near its basal contact with banded iron formation ("BIF") and plunges gently south. Limited historical exploration at the prospect has included geological mapping and surface sampling, geophysics and drilling. Two holes were drilled at Stark as part of the recent program, with one drillhole testing a SQUID EM anomaly and the other one testing up plunge of previous drill intercepts. Both drillholes hit sulphide mineralisation in gabbro above the basal BIF contact: 22SKRC001 intersected a wide interval of disseminated, matrix and semi-massive chalcopyrite and pyrrhotite from 36m within an embayment in the basal gabbro contact, and returned: 68 m @ 2,305 ppm Cu from 36 m, 56 m @ 3,337 ppm Cu from 116 m including, 24 m @ 5,002 ppm Cu, 1,294 ppm Ni, 0.23 ppm Pd & 0.11 ppm Pt from 140 m 22SKRC002 intersected disseminated to splashy pyrrhotite and chalcopyrite towards the base of the gabbro, returning an intercept of 12 m @ 3,620 ppm Cu from 116 m. Cyprium tenements partly cover 12 kilometres of the BIC and 10 kilometres of lightly explored prospective basal contacts. Cyprium considers that potential for polymetallic sulphide mineralisation has already been demonstrated. Geophysical and drilling programmes are currently being designed to follow up this prospective magmatic intrusive basal contact. A line of four holes was drilled to test 1.6km along strike north of the Nanadie Well Inferred Mineral Resource (40.4 Mt @ 0.40 % Cu, 0.10 g/t Au, refer to CYM ASX announcement: 19 July 2022, "Nanadie Well Mineral Resource Estimate") in the vicinity of anomalous intercepts in historic drillholes. Transported overburden up to 50m thick presented drilling challenges, which meant that drillhole 22NWRC003 had to be abandoned at 66m and redrilled nearby as 22NWRC003A. Finely disseminated chalcopyrite was logged sporadically throughout the holes, with the greater volume between 86 m and 98 m in 22NWRC003A returning: 16 m @ 2,325 ppm Cu from 88 m including: 4 m @ 6,250 ppm Cu & 0.15 ppm Au from 92 m. The RC drilling was designed to test the northern extents of the Nanadie Well layered magmatic intrusive polymetallic mineralisation. The 16m zone of copper/gold mineralisation intersected in 22NWRC003A, 1.6 km north of the current Nanadie Well mineral resource, demonstrates the extensional potential of the system and follow up geophysical and drilling programmes are being designed by Cyprium geologists to further test this potential. The drilling has successfully tested the extensional potential of the current Nanadie Well mineralisation to the north. The results open up a further 1.6km of potential strike for the current mineralisation. Cyprium is planning the next stage of work programmes to target the potential mineralised corridor. Analytical samples for the Nanadie Well extensional and Stark basal contact investigation programmes were collected as 4 m scoop split composites. Cyprium geologists will select and submit for assay 1 m splits from the mineralised composites to gain a full understanding of the grade distributions and to assist in the design of follow up geophysical and drilling programmes for both exploration programmes. Annonce • Oct 05
Cyprium Metals Limited, Annual General Meeting, Nov 08, 2022 Cyprium Metals Limited, Annual General Meeting, Nov 08, 2022, at 11:00 W. Australia Standard Time. Location: Vibe Hotel, Level 9 Vibe Hotel, Level 9 Subiaco Western Australia Australia Agenda: To consider ratification of prior issue of shares; to consider ratification of prior issue of shares listing rule 7.1A; and such other business issues. Annonce • Sep 28
Cyprium Metals Limited Provides Nifty Copper Project Restart Update Cyprium Metals Limited has continued to progress the refurbishment of the project whilst the Company is conducting a finance process for the restart the operation. Nifty Restart Progress: Project finance remains the key focus for Cyprium. The pre-development work continued in parallel with the finance process, as it was intended to ensure that the Nifty site was ready at the go-line for when financing was completed, prior to the commencement of refurbishment and construction activities. Much of the operational readiness activities have now been completed, so being prudent and minimising ongoing holding costs, the Company has temporarily downsized its Nifty site workforce to approximately 20 personnel and contractors, in order to maintain the site in good order and reducing operating expenditure until the finance is completed. Consequently, a number of positions throughout the business have been made redundant. The progress made by Nifty employees to date has been exceptional, with significant progress towards being operationally ready for the project kick off. The workforce is to be commended for their effortsand progress whilst the site has remaining on care and maintenance since its acquisition. This has also been achieved at Nifty over the past 14 months without a Lost Time Injury. Work around the heap leach pads has involved trenching and drilling to obtain samples for assay and testing. Drainage has been re-established to direct leach solutions to the collection ponds and prevent overflowing during rain events. Access has also been re-established to the top of the heap for transport and placement of residue from the collection ponds. Image 1 shows where leach solution exits and collects after each significant rain event. The blue colour is the copper sulphate in the leach solutionand the copper can be seen precipitating on the bottom lift of the heap in the background. This photograph was taken on the 25 September 2022 and clearly demonstrates that the heap pads continue to leach copper. The solution from the heap has been directed to collect in the drains at the heap front. To achieve this, repairs had been undertaken to some liners and material has been cleaned out of a number of areas from these drains. Image 2 shows where these drains have collected the solution and flows into the primary leach solution (PLS) pond. Over time, the collection ponds have filled up with residue so that there is limited storage freeboard. The residue is a mixture of ore fines, precipitated solids and solution. The team has been pumping solution from these ponds and have established access so that the ponds can be dried out and the material excavated back up to the heap leach. Once the ponds have been emptied, they are able to be inspected, refurbished, and relined. In the mean time, the capacity has been improved so that in rainfall events, the solution is retained within the ponds, which has previously been restricted due tobeing filled wih solids. Image 3 shows this solution at the pump outlet being discharged to the PLS pond (relatively clean and free of solids). The solution has a grade of +10 gpl copper when compared to a usual solvent extraction (SX) feed grade of 3 to 4 gpl copper. This significant solution inventory of over 500 tonnes of copper is available for project commissioning. The clean-up of the SX has been completed to a stage where it is ready for refurbishment tasks to commence. The electrowinning (EW) clean-up has proceeded very well with stripping of anodes and cathodes from cells. Many cathodes still had copper attached which has been stripped and placed on pallets ready for sale. There are currently around 25 tonnes of copper cathode on pallets. Image 7 shows pallets of copper cathode ready to transport. The anodes and cathodes have been palleted up for sale as they have recycling value for lead, stainlesssteel and copper. The dried solids have been collected for return to the circuit for when the refurbishment commissioning commences. The site team have worked through a site clean-up programme covering a significant amount ofmaterial across the whole site. The useable items are catalogued through the stores system and relocated to a secure site. The process now involves sorting the required and excess stores (such as underground equipment and parts) and then sending the surplus material for sale. This process has commenced with equipment loaded into containers and being dispatched to Perth. Recent Insider Transactions Derivative • Aug 06
MD & Executive Director exercised options to buy AU$248k worth of stock. On the 5th of August, Barry Cahill exercised options to buy 2m shares at a strike price of around AU$0.11, costing a total of AU$250k. This transaction amounted to 32% of their direct individual holding at the time of the trade. Since September 2021, Barry has owned 6.27m shares directly. Company insiders have collectively bought AU$1.6m more than they sold, via options and on-market transactions, in the last 12 months. Annonce • Aug 05
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.926095 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.926095 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,748,651
Price\Range: AUD 0.115
Transaction Features: Rights Offering Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. MD & Executive Director Barry Cahill was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 20
Cyprium Metals Limited Announces Maiden Mineral Resource Estimate for the Nanadie Well Deposit Cyprium Metals Limited announced the Company's maiden Mineral Resource Estimate for the Nanadie Well deposit to a JORC 2012 standard. The Nanadie Well Copper-Gold Mineral Resource Estimate forms part of Cyprium's broader Murchison Copper-Gold Project. The broader Nanadie Well model further highlights the potential to expand the known resource both along strike and down dip. The current resource tapers with depth and the potential exists to expand this laterally at depth with further deeper drilling. In addition, the current resource is modelled from near surface to a nominal depth of 220mRL (255m from surface) but potential exists to increase the depth extents to beyond the limits of the deepest drilling which is currently down to 160mRL (315m from surface). Certainly, deeper holes that extend beyond the lower limits of the modelled 2022 resource have intersected mineralisation with similar down hole mineralised widths and grades as those included in the modelled resource. This further highlights the potential to identify additional mineralisation within the layered intrusive body at depth. The model also highlighted trends in the mineralisation with Nickel and Cobalt grades increasing towards the northern end of the current Inferred Resource. There is also potential to expand the known resource along strike with further closer spaced drilling. The Cyprium Ordinary Kriged 2022 resource model is based on geological information sourced from all previous drill holes with only the assay data from the 145 RC holes and 6 diamond drill holes drilled since 2004 utilised in the latest resource estimate. The resource is reported at a 0.25% Cu cut-off. Annonce • Jul 13
Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 16 million. Cyprium Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 139,130,435
Price\Range: AUD 0.115
Discount Per Security: AUD 0.00575
Transaction Features: Subsequent Direct Listing Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. MD & Executive Director Barry Cahill was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 21
Cyprium Metals Limited Announces Nifty East Extensional Infill Drilling Results Cyprium Metals Limited announced that assay results have been received from the Nifty East infill extensional drilling. The program comprised 21 RC holes for 5,725m targeting areas from the previous program which identified encouraging widths of oxide/transitional mineralisation extending east and sulphide mineralisation extending east at depth beneath the former Nifty open pit. Section 102,800E: Hole 21NRSP021 confirmed oxide mineralisation that was previously intercepted in holes 21NRSP006 and 21NRSP011. Hole 21NRSP021 also extended sulphide mineralisation at depth within the carbonate-shale host rocks (4m at 0.36% Cu, 3m at 0.47% Cu and 17m at 0.52% Cu, including 2m at 1.14% Cu and 6m at 0.16% Cu). Hole 21NRSP030 confirms oxide mineralisation close to surface that was previously intersected in hole 21NRSP001 and historical drillhole NCP0317. Three deeper holes intercepted sulphide mineralisation extensions at depth where there is no historical drilling. Hole 21NRSP0022 intercepted 3m at 0.19% Cu, 11m at 0.66% Cu including 2m at 1.57% Cu and 3m at 0.31%, and 5m at 0.51% Cu including 1m at 1.40% Cu. Hole 21NRSP0031 intercepts include 6m at 0.33% Cu and 7m at 1.14% Cu including 4m at 1.76% Cu. 21NRSP0032 intersected 3m at 0.21% Cu, 3m at 0.29% Cu and 4m at 0.20% Cu. The drilling has identified further extensions to the oxide mineralisation east of the Nifty pit. The mineralization is mostly in proximity to the northern limb of the Nifty Syncline. It has also been confirmed to extend further south, interpreted as an extension of the sub-parallel zone of supergene copper mineralisation, which was identified in the first phase of drilling by Cyprium Metals in 2021. Hole 21NRSP0033 (4m at 0.14% Cu, 3m at 0.16% Cu, 6m at 0.22% Cu, 14m at 0.27% Cu, 5m at 0.17% Cu and 3m at 0.26% Cu) and Hole 21NRSP034 (3m at 0.13% Cu, 4m at 0.16% Cu, 3m at 0.19% Cu, 4m at 0.70% Cu including 2m at 1.17% Cu, 3m at 0.30% Cu, 5m at 0.32% Cu and 1m at 1.23% Cu) have confirmed oxide and transitional mineralisation previously unidentified. The sub-parallel zone of supergene mineralisation was intercepted by hole 21NRSP024 (5m at 0.47% Cu including 1m at 1.36% Cu and 4m at 0.11% Cu). This hole also confirms sulphide mineralisation at depth (13m at 1.08% Cu including 1m at 1.12% Cu and including 3m at 3.10% Cu). The drilling has confirmed oxide and transitional mineralisation previously identified in historical holes. New extensions to sulphide mineralisation to the east and at depth have also been identified. Hole 21NRSP035 confirms intercepts of shallow oxide and deeper transitional mineralisation (4m at 0.16% Cu, 7m at 0.16% Cu and 8m at 0.24% Cu). Hole 21NRSP026 has intercepted the southern sub-parallel zone of supergene copper mineralisation (6m at 0.16% Cu). Sulphide mineralisation within the Nifty Syncline carbonate-shale host rocks was intercepted at depth (7m at 0.30%, 7m at 0.34% Cu and 4m at 0.20% Cu). Sulphide mineralisation was intersected higher in the stratigraphic sequence in hole 21NRSP0025 (13m at 0.52% Cu including 1m at 1.48% Cu and including 1m at 2.13% Cu) and at depth (3m at 0.42% Cu and 4m at 0.19% Cu). Annonce • May 31
Cyprium Metals Limited Announces Update on Nifty Copper Project Cyprium Metals Limited ('CYM', 'Cyprium' or 'the Company') continues to make solid progress on the development of its Nifty Copper Project. Mineral Resource Estimate - The first mineral resource estimate ('MRE') upgrade has been completed using the latest Nifty West drilling data with positive results. The next MRE update is to include the Nifty East drilling data. Further drilling will be undertaken as the orebody remains open in a number of directions. The MRE upgrade has also delivered opportunities to refine and optimise the Phase 1 Oxide pit design and scheduling. The Life Of Mine planning has commenced and analysis for an expanded pit over the total mineral resource is focussing on the mine life (+20 years) and production profile. Site Clean Up and Inventory - Since taking control of the site in April 2021, CYM has undertaken a significant clean-up of the mine site, including the rectification of a number of outstanding safety and environmental legacy issues. Progress to date has been significant but there is still much to do. There has been significant sorting of equipment, parts, critical spares and supplies, which is ongoing. Required equipment is being recredited to inventory and that which is not required is being collated for sale as surplus. The process has revealed the significant inventory of spares that was included in the Nifty acquisition. Work has been completed on the concrete batching plant so it is ready for operation once construction commences, significantly improving project cost efficiencies during the construction phase. SX-EW Refurbishment - Work has continued on the preparation for refurbishment of the solvent extraction and electrowinning ('SX-EW') plant. This includes clean up around the facility, stripping out tanks, pumps and pipes for assessment and refurbishment, pressure and condition testing of tanks. The refurbishment of the accommodation has continued with one area completed, ready for hand over to use. The refurbishment has consisted of a full strip out and refit to each unit, including wet area upgrade to bring the units up to current expected standards for on-site accommodation. Refurbishment has also included areas in the dry mess and dining area, as well as upgrading of laundry facilities in the refurbished areas. The mobile communications tower has been significantly upgraded to enable 4G services with communications and data capacity across site improved enabling high definition calling and streaming services as well as vastly improved cloud/business capabilities. Site control systems are being commissioned and made operational, including Safety and ERP systems. The Safety systems are being reviewed and updated in line with Nifty's approved Project Management Plan. The ERP establishment has embedded the budget and project cost tracking process. Personnel IT systems are being prepared for the manpower increases, including on-boarding, travel and accommodation. Site training is continuing, including upskilling for new workers as well as gap analysis for the experienced personnel. CYM's first intake of apprentices have also commenced. Works Approval and Licence has been accepted and advertised. The next stage of the process is the requirement for a post construction inspection and authorisation that it has been built as described in the approval documents, complying with the conditions for the approval which will enable the Department of Water and Environmental Regulation ("DWER") to grant the licence. The Native Vegetation clearing Permit has gone through the Request for Further Information ("RFI") process and Cyprium is awaiting feedback on any more requests. Mining Proposal ("MP") and Mine Closure Plan ("MCP") is currently in an RFI process. The Project Management Plan ("PMP") has been approved. The Water Licence has been through an RFI process and Cyprium is awaiting further feedback. Over 200,000 tonnes of copper has been produced as copper metal cathode from the heap leach SX-EW that is on site at Nifty. The historical testwork has demonstrated that recoveries in the order of +90% are achievable. The heap leach pads as treated had variable results, depending on the methodology used to treatment the material. CYM will make improvements to the process by focussing testwork on the practical parameters of the leach. The first stage was to run 4 columns, including a 6-metre column, on heap leach retreat material to investigate a number of parameters around crush size, copper recovery and agglomeration. Results to date have been very good, with crush size being optimised and recovery of copper being as expected from the historical testwork. The improved agglomeration is proving successful in allowing good solution flows right through the 6-metre column. Final residue analysis is being undertaken so that reporting for this series of tests can be finalised. The second stage has been to run 6 columns of heap leach material from various locations (via trench samples and sonic drill holes) at various cure and leach strengths to reduce reagent consumption, particularly acid consumption. Results to date have been very good and these columns are currently in the final stages of leaching, which will then be subject to residue analysis in the coming weeks and the final reports compiled. The results confirm the reagent consumptions and recoveries that CYM anticipated for the retreat material and hence fresh material from the oxide open pit. Mineralogical reports to date have shown leaching of the full suite of copper minerals from the retreat material, including minerals in the various rock types, and including secondary and primary sulphide minerals such as covellite, digenite, bornite and chalcopyrite. The next stage of testing will be conducted on a suite of core samples taken from the open pit mineral resource. Although it is the same rock types and orebody as mined and treated historically, Cyprium is ensuring that the leach process is tested on individual ore types to determine if there are any further optimisation work that can be done, if the material to be mined is not as uniformly distributed as the retreat material. This stage of testing will also look at the recovery of the thin native copper that has been identified historically in the Nifty orebody and has been seen in the footwall of the mineral resource during diamond drilling. As part of the financing for the Nifty Copper Project restart, Cyprium is in advanced discussions with financing counterparties who are working through their due diligence and financing documentation. Annonce • May 18
Cyprium Metals Limited Updates MRE for the Nifty Copper Deposit Following Completion of the Successful Nifty West Pit Drilling Program in 2021 Cyprium Metals Limited announced the Company's updated MRE for the Nifty copper deposit following completion of the successful Nifty west pit drilling program in 2021. Cyprium's previously disclosed MRE for Nifty was the maiden Nifty MRE under Cyprium's ownership. The current Nifty MRE of 95.1Mt at 1.0% copper for a total contained copper inventory of 940,200t is the result of the completion of the successful Nifty west pit drilling program and Nifty Copper Project Restart Study. The Nifty west drilling program consisted of 71 RC holes for a total of 18,867 metres. The Nifty Copper Project Restart Study is focussed on the development of the first phase of the project that involves a return to heap leaching and solvent extraction electrowinning (SX-EW) to produce copper metal cathode on site. The significant inventory and increase of heap leachable oxide mineralisation confirmed by this MRE (16.1Mt at 0.9% copper for approximately 144,300t of contained copper metal) presents additional upside opportunity on project economics. The drilling programmes completed at Nifty West and East were designed primarily to confirm the mineralisation and to improve the confidence, hence classification of inferred resource, plus possible extension of mineralisation. Geology and Geological Interpretation: The Nifty sediment-hosted copper deposit is hosted within the Neoproterozoic sub-greenschist facies of the Paterson Orogen, some 330 km southeast of Port Hedland, 200km east-southeast of Marble Bar and 65km west of Telfer in Western Australia. The northwest trending Paterson Orogen is greater than 1,000km long by 150km to 200km wide and fringes the north-eastern margin of the Archean to Paleoproterozoic Pilbara Craton, and merges with the Musgrave Orogen to the southeast. The Paterson Orogen is composed of two main elements, the Paleo-to early Mesoproterozoic metamorphosed igneous and sedimentary rocks of the Rudall Complex, and the unconformably overlying (approximately 9 to 13km thick) 850 to 824Ma Yeneena Supergroup of the >24,000km2 Neoproterozoic Yeneena Basin. The Nifty deposit had a pre-mining global resource of approximately 100Mt at 1.7% Cu (0.5% Cu cut-off). Copper occurred/s as both supergene oxide, sulphide and transition mineralisation to a depth of approximately 300m and as stratabound hypogene sulphides hosted by carbonaceous and dolomitic shales principally within the Nifty carbonate member, to a depth of approximately 600m. The Nifty copper deposit is a structurally and lithologically controlled stratabound body within the Nifty Syncline, which strikes approximately southeast-northwest and plunges at about 6-12 degrees to the southeast. The massive, disseminated and vein-style copper mineralisation occurs as a structurally controlled, chalcopyrite-quartz-dolomite replacement of carbonaceous and dolomitic shale within the folded sequence. The copper sulphide mineralisation is largely confined to the keel of the syncline and the northern limb. Drilling Techniques: The Nifty deposit has been drilled and sampled using several techniques but only the diamond and reverse circulation drilling results were used for mineral estimation purposes. Holes have been drilled both from surface and from underground and on variable spacings along and across the strike of the deposit. Approximately 303,000m have been drilled within the immediate vicinity of the deposit and in general, the orientation of the drilling was appropriate to the strike and dip of the mineralisation. Sampling and Sub-Sampling Techniques: All core for analysis was half-cored using a mechanical saw and RC chip samples were collected via a cyclone which was cleaned with air blasts between samples. Field sub-sampling for chip samples and the cutting of core samples was according to industry standard practice as also were the procedures adopted in the on and off-site laboratories. Annonce • May 02
Cyprium Metals Limited, Annual General Meeting, May 31, 2022 Cyprium Metals Limited, Annual General Meeting, May 31, 2022, at 11:00 W. Australia Standard Time. Location: Vibe Hotel, Level 9, 9 Alvan Street Subiaco Western Australia Australia Agenda: To consider the annual financial report of the Company for the financial year ended 31 December 2021 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to adoption of remuneration report; to re-election of directors; to approval of mandate; to adoption of employee securities incentive plan; to issue of performance rights to mr barry cahill. Annonce • Feb 15
Cyprium Metals Limited Announces Maroochydore Cu Co Project Initial RC Drilling Results Cyprium Metals Limited reported the results of the first round of assays that have been received from the 2021 Reverse Circulation drilling campaign at the Maroochydore Copper - Cobalt Project. The 50 RC drillhole programme included 46 resource definition and extension holes (5,990m) and 4 water bores (228m) for a total of 6,218 metres. To date, the results from 19 holes have been received by the company. These RC drill holes targeted oxide, supergene and transitional mineralisation at the project with several holes extending into fresh basement rock. Sulphide mineralisation was intersected from 108m down hole in 21MDRC018. The oxide mineralisation currently extends over a strike length of 3,000m, has a width of up to 500m and thicknesses up to 100m, as modelled in the existing JORC 2012 mineral resource estimate. Once all the RC assay results are received, they will be included in a revised mineral resource estimate of the Maroochydore copper - cobalt deposit. Hole collar and Survey. All significant interval assays. Annonce • Jan 28
Cyprium Metals Limited Announces Further Assay Results from 28 RC Holes of Nifty West Drilling Program Cyprium Metals Limited announced further assay results from 28 RC holes (for 7,504m) of the Nifty West drilling program. HIGHLIGHTS: Assay results have been received from a further 28 RC holes drilled at Nifty West, targetinglightly tested areas of copper mineralisation below the former Nifty open pit; Confirms continuation of significant copper mineralisation in the keel zone to the west at 80-100m thick, enhancing a potential large-scale open pit development; Significant results include: Hole 21NRWP018 - 86m @0.57% Cu downhole zone of copper mineralisation including: 8m at 0.49% Cu from 170m including: 1m at 1.09% Cu from 176m, and 9m at 0.81% Cu from 181m including: 2m at 1.23% Cu from 182m & 2m at 1.05% Cu from 187m, and 18m at 0.96% Cu from 196m including: 1m at 2.03% Cu from 197m & 3m at 1.85% Cu from 202m & 1m at 1.36% Cufrom 207m & 2m at 1.29% Cu from 209m, and 10m at 0.76% Cu from 215m including: 1m at 1.00% Cu from 217m & 1m at 1.41% Cu from 223m, and 3m at 1.09% Cu from 226m including: 1m at 1.62% Cu from 226m, and 12m at 0.52% Cu from 244m including: 1m at 2.21% Cu from 245m. Hole 21NRWP020 - 97m @0.47% Cu downhole zone of copper mineralisation including: 7m at 0.58% Cu from 153m including: 1m at 1.02% Cu from 156m, and 5m at 0.60% Cu from 169m including: 1m at 1.12% Cu from 170m, and 6m at 0.91% Cu from 179m including: 3m at 1.30% Cu from 180m, and 5m at 0.54% Cu from 187m including: 1m at 1.02% Cu from 190m, and 15m at 0.70% Cu from 201m including: 2m at 1.49% Cu from 207m & 1m at 1.19% Cu from 215m, and 4m at 0.75% Cu from 222m including: 1m at 1.78% Cu from 223m, and 7m at 1.90% Cu from 235m including: 3m at 4.09% Cu from 236m. Hole 21NRWP021 - 94m @0.58% Cu downhole zone of copper mineralisation including: 7m at 0.65% Cu from 180m including: 1m at 1.98% Cu from 185m, and 18m at 0.98% Cu from 194m including: 1m at 1.62% Cu from 195m & 4m at 1.23% Cu from 199m & 2m at 2.52% Cu from 207m, and 9m at 1.07% Cu from 213m including: 4m at 1.68% Cu from 215m, and 2m at 1.12% Cu from 224m including, and 5m at 1.69% Cu from 228m including: 3m at 2.64% Cu from 228m. Hole 21NRWP042 - 100m @0.41% downhole zone of copper mineralisation including: 14m at 1.13% Cu from 224m including: 5m at 2.22% Cu from 228m, and 9m at 0.57% Cu from 246m including: 1m at 1.57% Cu from 251m, and 10m at 0.69% Cu from 268m including: 1m at 1.48% Cu from 270m & 2m at 1.41% Cu from 272m, and 4m at 1.32% Cu from 286m. Hole 21NRWP043 - 87m @0.47% Cu downhole zone of copper mineralisation including: 63m at 1.10% Cu from 201m including: 4m at 1.85% Cu from 207m & 3m at 1.54% Cu from 215m & 2m at 1.76% Cufrom 223m & 3m at 1.44% Cu from 226m & 8m at 2.02% Cu from 233m & 6mat 1.68% Cu from 256m, and 11m at 0.77% Cu from 269m including: 1m at 1.10% Cu from 272m & 1m at 1.49% Cu from 274m. Hole 21NRWP044 - 115m @0.51% Cu downhole zone of copper mineralisation including: 5m at 0.53% Cu from 188m, and 9m at 0.83% Cu from 196m including: 3m at 1.64% Cu from 201m, and 9m at 1.56% Cu from 208m including: 3m at 2.25% Cu from 208m, and 17m at 1.22% Cu from 225m including: 5m at 2.80% Cu from 233m, and 4m at 0.85% Cu from 244m including: 2m at 1.35% Cu from 245m, and 4m at 0.75% Cu from 260m including: 1m at 1.34% Cu from 260m & 1m at 1.17% Cu from 262m. Assay results pending from a further 25 RC holes completed at Nifty West. Annonce • Dec 13
Cyprium Metals Limited Announces Maroochydore Project 2021 Drilling Campaign Update Cyprium Metals Limited reported the completion of the first field season of drilling at the Maroochydore Copper Project. The Company's 6 diamond drillhole programme for 1,226m, obtained oxide, supergene and sulphide core samples for metallurgical and waste characterisation testing. The sulphide mineralisation remains open and has been lightly drilled to date. These results will be used in a scoping study for the project's development path and timetable. The 46 RC drillhole programme for 5,990m and it was a combination of infill and extensional drilling, aimed at testing the oxide, transitional and supergene mineralisation at the Maroochydore copper project. The oxide mineralisation currently extends over a strike length of 3,000m, has a width up to 800m and thicknesses up to 100m, as modelled in the existing JORC 2012 mineral resource estimate as outlined. Diamond drill core will be composited into bulk samples for metallurgical and waste characterization testing, the results of which are expected to be available in the second half of 2022. RC drill chips will be assayed and the results to be included in a revised mineral resource estimate of the Maroochydore copper deposit. These assay results will also be announced to the market as they are received by the company during first quarter 2022. Annonce • Dec 08
Cyprium Metals Limited Announces Progress at its Nifty Copper Project Cyprium Metals Limited announced progress at its Nifty Copper Project. Since taking control of the site on the March 30, 2021, the company has made significant progress towards establishing itself as an Australian copper producer. Project Progress: Drilling programmes continue to upgrade mineral resource confidence, close the gaps in resource and to target extensional areas of the mineralized formation. Currently the Phase 2 reverse circulation (RC) drilling programme is being completed in the South East of the Nifty open pit. There are now approaching 4,000 samples from this programme that have not had assays returned. Further to this, there remain over 8,000 samples for which assays have not been returned from the +16,000 metre South West drilling programme that was completed in November. The RC drilling continues to intersect ore grade intervals and following receipt of assays, will be included in the mineral resource model for the design and scheduling of the planned Nifty open pit. Once all of the assays have been received, a follow up Phase 2 drilling programme will be planned in the South West of the Nifty open pit and a follow up Phase 3 drilling programme in the South East of the Nifty open pit will be planned. This is very positive for the Nifty Copper Project as there are further copper tonnes to be added to the project copper inventory but also potentially delays final mine designs and schedule progress. Design and scheduling of the open pit continues based on the recently released Nifty Mineral Resource. The current pit envelope does not include any increase in resources from the results of drilling programmes as mentioned above. These designs will be sufficient to be included in the Restart Study and for the Finance process but will not be final until the resource is re-estimated during the first quarter of 2022 at the early. Engineering design of the SX-EW plant and heap leach pads is nearing completion. The new heap leach pads construction and design detail is required for the Works Approval submission so that construction activities can commence. Concurrent with the design process, tenders are being issued for the purchase and supply of long lead items. Metallurgy check column test work continues. Four columns have been undertaken, including the fourth column which is a 6-metre column to match operating conditions. Results have been as expected and optimisation of reagent consumptions continues. When this round of work has been completed, a number of follow up tests will be conducted to further optimise the operating parameters. Reporting to the market on these results will be done once the test work has been completed on the residues and the reports compiled. There will also be follow up tests undertaken on core and sonic drill samples. In addition, there are 550 sonic samples yet to be assayed that have been obtained from around the site to test for the location of stockpiled oxide material. A consultant has been engaged to firstly, build a complete mass balance and copper recovery cathode software model for the project based on the metallurgical parameters and then secondly, to design and build a metallurgical accounting system for the project so that it is ready upon the commencement of plating copper metal at Nifty. This work is well advanced. Finance process will commence once the Restart Study is finalised. Outstanding items are schedules, with allowance for an extended approval timeline, and final costs on a number of items including civil construction elements of the heap leach pads and associated crushing infrastructure. Government Approvals are required in the new areas of the project. As a State Agreement tenement there is a Ministerial approval required to amend the project size and life. There is a requirement for clearing permits for the new clearing required for the new heap leach pads and an amendment to a current approval for the extension to the waste dump. There is an amended Mining Proposal required for the restart of the pit, pads and SX-EW which includes submission of a Project Management Plan and a Mine Closure Plan. There is an amended Works Approval required for the restart of the SX-EW and the new heap leach pads and an amendment to the Water Licence for the change in water extraction method from underground. There are also a number of smaller permits required around the restart of the mining operation, that require reactivation or renewal. The process of obtaining these approvals is well advanced, having conducted initial meetings and workshops, document compilation is nearing completion. The first submission of the required proposals for the clearing of native vegetation for the waste dump and the new heap leach pads has already been lodged. This is the first stage in the approval process, with management and consultants preparing submissions for the subsequent approvals. Progress is being hampered by shortage of personnel and availability of external specialists to complete the various reports that are required to lodge approval documentation. The expectation is that all documents will be lodged by the first quarter 2022. Annonce • Nov 22
Cyprium Metals Limited Reports Final Diamond Drillhole Results from the Phase 1 Diamond Drilling Programme Completed At Nanadie Well Cyprium Metals Limited reported final diamond drillhole results from the Phase 1 diamond drilling programme completed at Nanadie Well earlier this year. The Company's 5-hole (1,328m) diamond drilling programme was designed to test for sulphide mineralisation below a depth of 50m associated with a layered mafic intrusive unit outlined in the previous reverse circulation (RC) drilling programmes 1. Extensive zones of copper sulphide mineralisation were intersected in all holes from the diamond drilling programme to a drill hole depth of 312m. The oxide and sulphide mineralisation currently extends over a strike length of 750m and remains open along strike to the north and south and across strike to the west. The results from the all the drilling completed to date at Nanadie Well will be used in the preparation of a Mineral Resource estimate for inclusion in the Murchison Copper-Gold Project scoping study. Detailed evaluation of the drill core and multi-element data is ongoing to better understand the geological controls to the primary copper mineralisation. Encouragingly, elevated nickel and palladium values were found associated with several of the significant copper intervals. Significant assay results from holes NWD2002 and NWD2101 are summarised in Tables 2 to 5 and presented on Figure 1. Representative photos of the copper sulphide mineralisation in the drill core from both holes are shown in Images 1 to 7. Hole NWD2002 - copper mineralisation extends over 168m downhole, includin, 29m @ 0.6% Cu and 0.2 g/t Au from 49m including: 1m @ 1.1% Cu and 0.2 g/t Au from 50m, 2m @ 1.0% Cu and 0.2 g/t Au from 64m, 2m @ 1.7% Cu and 0.2 g/t Au from 72m, 10m @ 1.9% Cu and 0.2 g/t Au from 106m including: o 2m @ 6.2% Cu and 0.5 g/t Au from 107m, 1m @ 1.2% Cu and 0.2 g/t Au from 113m, 25m @ 0.6% Cu and 0.1 g/t Au from 146m including: 1m @ 1.2% Cu and 0.2 g/t Au from 154m, 1m @ 1.1% Cu and 0.1 g/t Au from 160m, 12m @ 0.6% Cu and 0.2 g/t Au from 187m including: 1m @ 1.9% Cu and 0.4 g/t Au from 197m. Hole NWD2101 - copper mineralisation extends over 274m downhole, including 5m @ 0.7% Cu and 0.1 g/t Au from 45m including: 2m @ 1.5% Cu and 0.2 g/t Au from 46m, 5m @ 1.9% Cu and 0.5 g/t Au from 75m including: 1m @ 6.2% Cu and 2.1 g/t Au from 76m, 4m @ 0.9% Cu and 0.2 g/t Au from 83m including: 1m @ 1.5% Cu and 0.3 g/t Au from 85m, 2m @ 1.0% Cu and 0.2 g/t Au from 91m, 35m @ 0.5% Cu and 0.1 g/t Au from 108m including: 2m @ 1.8% Cu and 0.4 g/t Au from 108m, 40m @ 0.4% Cu and 0.1 g/t Au from 157m, 56m @ 0.9% Cu and 0.2 g/t Au from 202m including: 2m @ 3.9% Cu and 0.8 g/t Au from 222m, 2m @ 3.2% Cu and 0.6 g/t Au from 229m, 2m at 1.4% Cu and 0.2 g/t Au from 250m, 2m @ 1.3% Cu and 0.2 g/t Au from 254m, 11m @ 0.9% Cu and 0.2 g/t Au from 262m including: 3m @ 2.1% Cu and 0.6 g/t Au from 262m, 14m @ 0.7% Cu and 0.2 g/t Au from 290m including: 1m @ 2.2% Cu and 1.1 g/t Au from 292m and 1m @ 1.5% Cu and 0.6 g/t Au from 295m. Annonce • Sep 15
Cyprium Metals Limited Announces Nifty Copper Project Drilling Update Cyprium Metals Limited provide the following progress update on drilling at the Nifty Copper Project located in the north-eastern Pilbara region of Western Australia. A total of 18 holes for 3,011 m were completed on the eastern limb extending from the former Nifty open pit. The program was undertaken to increase the density of existing drilling over the previously identified oxide and transitional zone copper mineralisation and to test for potential extensions to the east. The first metallurgical diamond hole 21NDMT001 was drilled into the existing resource at the eastern end of the Nifty open pit. The hole intersected native copper, chalcocite and covellite at downhole depths of 129.8 to 133.3m, 141.3 to 152.3m and 154.56 to 155.35m. A second metallurgical hole was recently completed in the same area with the third hole currently in progress. The drill core is currently being logged prior to sampling and despatch for analysis and metallurgical testwork. Western drilling The 16,000m RC drilling program to test for potential up-plunge extensions to the oxide and transitional mineralisation at the western extremity of the Nifty open pit is well advanced. The second RC drill rig currently at Maroochydore will return towards the close of the dry season to complete the remaining shallow holes. Sonic drilling The sonic drill rig is currently assessing the waste dump area for potential low grade mineralised waste that could add to the base load for the heap leach restart. Maroochydore drilling The second RC drill rig recently commenced a 6,000m first phase oxide/supergene resource infill and extensional drilling program at the Maroochydore Copper Project located 85km south east of Nifty. A 4,500m first phase sulphide resource RC drilling program has also been designed and to commence this year if weather permits. In the event of the wet season preventing commencement of this program, it will be rescheduled to March/April 2022 when access to the project can be re-established. Diamond drilling will commence in late September to obtain samples for first pass metallurgical testwork. It is expected that the metallurgical diamond drilling campaign will be completed prior to the wet season, and the drill rig will return to Nifty to complete the planned diamond drilling programs. Annonce • Aug 06
Cyprium Metals Limited Provides the Third Diamond Drillhole Results from the Phase 1 Diamond Drilling Programme Cyprium Metals Limited provided the third diamond drillhole results from the Phase 1 diamond drilling programme that was conducted at the Nanadie Well Copper-Gold Project in December 2020 and January 2021. Near-surface oxide and extensive sulphide mineralisation has been identified during the Phase 1 drilling programmes, which is open along strike to the north and south and across strike to the west. The mineralisation does not outcrop and is covered by 1 to 25 metres of transported material. Preliminary investigations of the Nanadie Well deposit data indicates potential for oxide and sulphide mineralisation over the currently identified strike of 750 metres. The results from this drilling, the Phase 1 RC January 2021 campaign and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study. This portfolio of copper projects comprises the Nifty Copper Mine, Maroochydore Copper Project and Paterson Exploration Project. The Nifty Copper Mine ("Nifty") is located on the western edge of the Great Sandy Desert in the north- eastern Pilbara region of Western Australia, approximately 350km southeast of Port Hedland. Nifty contains a 2012 JORC Mineral Resources of 658,500 tonnes of contained copper. Cyprium is focussed on a heap leach SX-EW operation to retreat the current heap leach pads as well as open pit oxide and transitional material. Studies will investigate the potential restart of the copper concentrator to treat open pit sulphide material. The Maroochydore deposit is located 85km south east of Nifty, and includes a shallow 2012 JORC Mineral Resources of 486,000 tonnes of contained copper. An exploration earn-in joint venture has been entered into with IGO on 2,400km2 of the Paterson Exploration Project. Under the agreement, IGO is to sole fund A$32 million of exploration activities over 6.5 years to earn a 70% interest in the Paterson Exploration Project, including a minimum expenditure of AUD 11 million over the first 3.5 years. Upon earning a 70% interest, the Joint Venture will form and IGO will free-carry Paterson Copper to the completion of a Pre-feasibility Study (PFS) on a new mineral discovery. Cyprium has an 80% attributable interest in a joint venture with Musgrave Minerals Limited at the Cue Copper-Gold Project, which is located 20km to the east of Cue in Western Australia. Cyprium will free-carry the Cue Copper Project to the completion of a definitive feasibility Study (DFS). The Cue Copper-Gold Project includes the Hollandaire Copper-Gold 2012 JORC compliant Mineral Resources of 51,500 tonnes contained copper, which is open at depth. Metallurgical test-work has been undertaken to determine the optimal copper extraction methodology, which resulted in rapid leaching times. The Nanadie Well Project is located 650km north east of Perth and 75km south east of Meekatharra in the Murchison District of Western Australia, within mining lease M51/887. The Cue and Nanadie Well Copper-Gold projects are included in an ongoing scoping study, to determine the parameters required to develop a copper project in the region, which provides direction for resource expansion work. Annonce • Jul 07
Cyprium Metals Limited Provides an Operational Update on the Nifty Copper Project Cyprium Metals Limited provided an operational update on the Nifty Copper Project. The Company continues to make significant progress on its
strategy of developing an open pit heap leach, Solvent Extraction and Electrowinning operation to produce LME grade A copper cathode metal plate on-site. Resource Definition Drilling: A reverse circulation ("RC") drill rig was mobilized to site immediately upon CYM taking control of the site. The drill rig has been focused on completing several time critical activities to enable the project to move forward to construction and production. The initial estimated RC resource drilling programme has been increased to approximately 19,000 metres and a second drill rig has been mobilized, which is due to arrive on site in the coming weeks, to complete the drilling in a timely manner. Cyprium maintains its view that more mineral resources exist higher up in the mineralized envelope of the orebody and, subject to the result of the initial programmes, further drilling would be required to quantify increase to the existing Nifty resource. South-East Limb Drilling: An RC drilling programme of over 3,000 metres has been completed on the South-East limb. Drilling was undertaken to increase density of existing drilling and test the potential for transitional and supergene ore extensions from the south-east corner of the Nifty open pit. The previously identified oxide and transitional mineralization is being drilled to an appropriate density to add to the base load in-situ resource for Cyprium's heap leach restart strategy. Sample preparation is complete and are currently on the way to the laboratory for analysis. Western Limb Drilling: A 16,000 metre RC drilling campaign has commenced to test the potential up-plunge extensions of the oxide and transitional mineralization's at the western extremity of the Nifty open pit. Historically, mineralization in this region has been of lower confidence, being in the inferred resource category, due to the sparse drilling density. Sterilization Drilling: Sterilization drilling was undertaken on the western end of the current heap leach pad which potentially lay over a portion of the southern limb of the Nifty mineralization. This drilling has now been completed
with all holes intersecting the footwall sequences of the Nifty rock formations, which effectively sterilises the area. This is positive for the project as it allows the more detailed planning and investigation to be commenced on the location designated for the required infrastructure. Metallurgical Testwork: Heap Leach Pad Drilling: A sonic drill rig was mobilised to site to obtain specialized core samples for metallurgical testwork. The rig
has been very effective in producing complete core samples from the existing heap leach pads, which are being despatched to the laboratory for testing. A diamond rig has been contracted and is mobilizing to on site during July 2021. This rig will obtain diamond core samples of in-situ mineralization around the open pit for column leach tests on the copper mineralization. Whilst over 200,000 tonnes of copper metal plate has been produced at Nifty historically and the metallurgy is well understood, it has been over a decade since new methods have been tested, particularly the unique methodology utilised by Cyprium on its Hollandaire resource. Once the diamond rig has completed the program at Nifty, it will complete some preliminary geotechnical drilling before mobilising to the Maroochydore Copper Project to drill core samples for similar metallurgical testwork. Bulk Samples: Samples taken from the trenching of the heap leach pads have been prepared and are currently in the laboratory, undergoing column testwork leaching analysis. The initial testwork reflects the expected leach conditions and is in line with Cyprium's internal expectations for the heap leach re-treat studies. The preliminary leaching results have been excellent in the short period to date. The column will continue to leach and once the final results are compiled into a presentable form, they will be released to market. The initial stages of this testwork are confirming both the improved leaching rates that Cyprium's proprietary methods can produce, and the parameters used in the proof-of-concept studies. Site Surveys and Studies: SX-EW Studies & Geotechnical: The studies into the SX-EW plant continue with early indications that a new plant will add significant value to the project through improved efficiencies at lower operating costs, although at a moderately higher capital cost then refurbishing the existing plant. This work is ongoing, particularly regarding the determination of the full cost to the battery limits and to the timing of commissioning of either facility. Reporting and costing of various components for inclusion in the Feasibility Study to finance the construction phase are continuing. Since the Heap Leach and SX-EW operations ceased, there has been material improvements in technology and process methods and Cyprium believe these will further enhance the project's value. Geotechnical work and surveys on the planned locations is ongoing, including drilling activities to ensure these studies are completed on schedule. A geotechnical test pit has commenced. Site Infrastructure: Communications upgrades are underway for both mobile and satellite services. The camp refurbishment programme has been approved and a dedicated team will manage this project. Discussions are ongoing for contractor tender, selection and mobilisation. The camp upgrade will involve a mix of new and refurbished rooms with some of the older areas of the accommodation being scrapped due to the age and deteriorated condition. Site surveys and baseline studies: As previously reported, initial flora and fauna surveys (part of the approval and permitting process) have been conducted and the second phase of surveys has commenced. All surveys are expected to be
completed and finalised in accordance with the project timeline. Water management planning is continuing and the reporting is expected on time, including the initial considerations of water extraction from the underground voids below the open pit. Recent Insider Transactions • Jun 29
Independent Non-Executive Director recently bought AU$102k worth of stock On the 25th of June, Nicholas Rowley bought around 385k shares on-market at roughly AU$0.26 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$144k. Insiders have collectively bought AU$543k more in shares than they have sold in the last 12 months. Annonce • Jun 25
Cyprium Metals Limited Provides the Second Diamond Hole Results from the Phase 1 Diamond Drilling Programme Cyprium Metals Limited provided the second diamond hole results from the Phase 1 diamond drilling programme that was conducted at the Nanadie Well Copper-Gold Project in December 2020 and January 2021. Extensive near-surface oxide and sulphide mineralization has been identified during this drilling programme, which is open along strike to the north and south and across strike to the west. The mineralization does not outcrop and is covered by 1 to 25 metres of transported material. Preliminary investigations of the Nanadie Well deposit data indicates potential for oxide and sulphide mineralization over the currently identified strike of 750 metres. The Company's 1,328 metre Nanadie Well diamond drilling programme was completed in January 2021 and was primarily designed to test the sulphide mineralization below 50m depth at the deposit. There is an extensive shallow sulphide copper-gold intersection continuing immediately below the oxide material derived from the layered mafic intrusive unit that has been outlined in the previous Reverse Circulation ("RC") drilling announcements and quarterly reports. Drillhole NWD2001 also includes a crackle breccia zone with high grade silver sulphide mineralization which had not been previously encountered at the project and requires further analysis. The results from this drilling, the Phase 1 RC January 2021 campaign and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study. Annonce • Jun 01
Cyprium Metals Limited Announces Nanadie Well 144m Sulphide Ore Grade Copper Intercept from 25m Cyprium Metals Limited provided the first diamond core results from the Phase 1 diamond drilling programme that was conducted at the Nanadie Well Copper-Gold Project in December 2020 and January 2021. Near-surface oxide and extensive sulphide mineralisation has been identified during this drilling programme, which is open along strike to the north and south and across strike to the west. The mineralisation does not outcrop and is covered by 1 to 25 metres of transported material. Preliminary investigations of the Nanadie Well deposit data indicates potential for oxide and sulphide mineralisation over the currently identified strike of 750 metres. The Company's 1,328 metre Nanadie Well diamond drilling programme was completed in January 2021 and was primarily designed to test the sulphide mineralisation below 50m depth at the deposit. There is an extensive shallow sulphide copper-gold intersection continuing immediately below the oxide material derived from the layered mafic intrusive unit that has been outlined in the previous Reverse Circulation ("RC") drilling announcements and quarterly reports. The results from this drilling, the Phase 1 RC January 2021 campaign and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study. Annonce • May 25
Cyprium Metals Limited Announces Final Gold Results from Recent Nanadie Well RC Drilling Campaign Cyprium Metals Limited provided the final gold results from the 66 holes of the Reverse Circulation ("RC") drilling programme that was conducted in January 2021 at the Nanadie Well Copper-Gold Project. Near-surface oxide and supergene mineralisation has been identified at the Nanadie Well Copper-Gold Project, which is open along strike to the north and south and across strike to the west. The oxide/supergene mineralisation does not outcrop and is covered by 1 to 25 metres of transported material. Preliminary investigations of the Nanadie Well deposit data indicates potential for oxide/supergene mineralisation over the currently identified strike of 750 metres. The Company's 2,773 metre Nanadie Well Phase 1 RC drilling programme was completed in January 2021 and tested the oxide and supergene mineralisation at the deposit. The results from the Phase 1 and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study. Highlights: Extensive shallow and broad oxide copper-gold mineralization; Nanadie Well Phase 1 RC drilling final gold results from the RC drilling completed in January 2021 include: 44m @ 0.9% Cu & 0.2g/t Au from 4m in NWRC21031, including: 2m @ 8.9% Cu & 1.5g/t Au from 9m, 1m @ 4.4% Cu & 0.5g/t Au from 20m; 14m @ 2.4% Cu & 0.7g/t Au from 28m in NWRC21056, including: 8m @ 3.8% Cu & 1.1g/t Au from 28m, including: 2m @ 6.1% Cu & 1.1g/t Au from 30m; 16m @ 1.5% Cu & 0.4g/t Au from 16m in NWRC21041, including: 6m @ 3.3% Cu & 1.2g/t from 24m, including: 2m @ 5.0% Cu & 0.8g/t from 24m; 14m @ 0.9% Cu & 0.2g/t Au from 2m in NWRC21045, including: 3m @ 2.4% Cu & 0.3g/t from 3m; 19m @ 0.8% Cu & 0.8g/t Au from 19m in NWRC21038, including: 3m @ 2.2% Cu & 0.5g/t from 25m; 5m @ 0.7% Cu & 3.8g/t Au from 22m in NWRC21037, including: 1m @ 2.2% Cu & 18.5g/t Au from 26m; 9m @ 0.8% Cu & 0.3g/t Au from 20m in NWRC21057, including: 2m @ 2.2% Cu & 0.8g/t from 21m. Recent Insider Transactions • May 05
Independent Non-Executive Chairman recently bought AU$144k worth of stock On the 30th of April, Gary Comb bought around 500k shares on-market at roughly AU$0.29 per share. This was the largest purchase by an insider in the last 3 months. Gary has been a buyer over the last 12 months, purchasing a net total of AU$384k worth in shares. Recent Insider Transactions • Apr 08
Independent Non-Executive Chairman recently bought AU$84k worth of stock On the 1st of April, Gary Comb bought around 400k shares on-market at roughly AU$0.21 per share. This was the largest purchase by an insider in the last 3 months. Gary has been a buyer over the last 12 months, purchasing a net total of AU$241k worth in shares. Annonce • Mar 19
Cyprium Metals Limited Provides the Initial Results of the First Four Holes from the Reverse Drilling Programme Cyprium Metals Limited provides the initial results of the first four holes from the Reverse Circulation ('RC') drilling programme that was conducted in January 2021 at the Nanadie Well Copper-Gold Project. Near-surface supergene mineralisation has been defined at the Nanadie Well Copper-Gold Project, which is open along strike to the north and south, as well as to the west. The supergene mineralisation does not outcrop and is covered by 1 to 25 metres of transported and unconsolidated sediments. Preliminary investigations of the Nanadie Well deposit data indicates potential for supergene mineralisation over the full 750 metres of strike that is currently defined. The Company's 3,500 metre Nanadie Well Phase 1 RC drilling programme has been completed to test the oxide and supergene mineralisation at the deposit. The results from the Phase 1 and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study. The initial assay results for RC drill holes NWRC21015 to NWRC018 of the oxide/supergene drilling programme are presented in Table 1. The assay results of the remaining 62 drillholes (NWRC21001 to NWRC21014 and NWRC21019 to NWRC21066) will be released as they become available over the coming weeks. Annonce • Mar 16
Cyprium Metals Limited Announces Geophysical Survey Update at the Murchison Projects Cyprium Metals Limited to update the progress of geophysical programmes in the Murchison Copper Project. The new 50m traverse lines survey is a substantial improvement on the existing 400m traverse line data flown for the government in 2000. Figure 4 outlines the level of detail available to assist Cyprium geologists in revising lithostructural interpretations of the Nanadie Well tenements to better inform targeting further copper-gold mineralisation in the Nanadie Well Project area. This new survey data will be used with geological mapping, drilling, downhole geophysical and surface geophysical /geochemical data to develop a 3D model outlining magnetic stratigraphy and magmatic igneous layers that appear to be associated with sulphide formation and copper mineralisation at Nanadie Well. The models will assist in targeting further mineralisation at the Nanadie Well prospect during 2021. Recent Insider Transactions • Mar 12
Independent Non-Executive Chairman recently bought AU$52k worth of stock On the 9th of March, Gary Comb bought around 200k shares on-market at roughly AU$0.26 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$98k. Gary has been a buyer over the last 12 months, purchasing a net total of AU$101k worth in shares. 
