Cyprium Metals Quarterly Activities Report

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to provide the following overview of the Company’s activities for the December 2021 quarter.

Highlights

Nifty drilling – Nifty copper mineralisation ~100m thick

• Mineral Resource infill and extensional drilling programmes continues to provide ore intercepts to expand the resource, including:
  • 87m @ 0.92% Cu from 193m downhole in 21NRWP043
  • 94m @ 0.58% Cu from 168m downhole in 21NRWP021
  • 86m @ 0.57% Cu from 170m downhole in 21NRWP018
  • 92m @ 0.55% Cu from 171m downhole in 21NRWP016
  • 115m @ 0.51% Cu from 156m downhole in 21NRWP044
  • 97m @ 0.47% Cu from 145m downhole in 20NRWP020

Nifty Copper Project

• Nifty Heap Leach Restart development activities during the Quarter included:
  • Updated Nifty Mineral Resource estimate of 45.9Mt @ 1.6% Cu for 732,200t total contained copper metal
  • Drilling programmes continues to provide ore intercepts to expand the resource
  • First Government Approval document lodged
  • SX/EW and related infrastructure refurbishment has commenced
  • Front End Engineering and Design continuing with scheduling of long lead items
  • Metallurgical column test work continues to optimise processing parameters

Maroochydore drilling – Maroochydore copper oxide mineralisation ~100m thick

• Maroochydore Mineral Resource infill and extensional drilling programme completed
• Oxide mineralisation currently extends over a strike length of 3,000m, has a width up to 800m and thicknesses up to 100m from less than 50m of surface

Murchison drilling – Murchison copper mineralisation ~200m thick

• Assays received from final two diamond drill holes at Nanadie Well
• Extensive copper-gold sulphide mineralisation intersected extending over 168m and 274m downhole from ~30m respectively below the outlined shallow Cu-Au oxide mineralisation
• Previous diamond drill assay results included:
  • 144m @ 0.71% Cu & 0.21g/t Au from 25m downhole in NWD2004
  • 180m @ 0.64% Cu & 0.17g/t Au from 10m downhole in NWD2003
  • 232m @ 0.38% Cu & 0.07g/t Au from 109m downhole in NWD2001

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