Cyprium Metals

Nifty Heap Leach Mineral Resource Estimate

Cyprium Metals Limited (ASX: CYM) (Cyprium) is pleased to announce the 2024 Mineral Resource Estimate (MRE) for the existing above-surface material stacked on the heap leach pads at the Nifty Copper Mine (Nifty) in Western Australia.


Highlights include:

  • Indicated and Inferred Mineral Resource Estimate of 12.7 million tonnes grading 0.43% Cu for contained copper of 54,050 tonnes
  • 2021 sonic drill campaign incorporated into drill database
  • Potential for further upside as drill data does not extend to the bottom of the material on the heap leach pads

“This is back-to-basics execution,” said Cyprium Executive Chair, Matt Fifield. “Restarting the cathode plant is the next logical step for Cyprium’s new management team and the first phase of Nifty’s redevelopment. To move towards operations, we need comprehensive and up to date resource information. Our team produced this MRE by going back to first principles, organising and incorporating all prior existing data, and including new analysis from the 2021 sonic drill program. The result is the first updated MRE since 2015 for the unrecovered copper on Nifty’s heap leach pads. It’s a strong foundation on which we can build our forward plans.”

The 2024 Heap Leach MRE defines an indicated and inferred copper resource containing approx. 54,000 tonnes of copper that is supported to JORC standards through drilling information – see Table 1 below. A review of historic production data indicates that there is substantial potential resource upside from unsampled stockpiled material. This unsampled material is not able to be supported through drilling information as all drill holes were halted short of the pads to maintain the integrity of the pad and liner.

The 2024 MRE incorporates new data from a 2021 sonic drill program which was run in support of previous feasibility studies. Analysis of samples obtained from the sonic program have supported important metallurgical inputs on the drilled resource.

Table 1 – MEC August 2024 Nifty Heap Leach Mineral Resource Estimate by Resource Category.Notes: zero Cu ppm cutoff grade, no top cut applied, numbers are rounded and may not add

The 2024 Heap Leach MRE is the first update of an MRE on this material since 2015. The mineral resource in Table 1 represents the portion of the stockpile that was estimated from drill data in accordance with the JORC (2012) code.


Click here for the full ASX Release

This article includes content from Cyprium Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CYM:AU
The Conversation (0)
Capital Raise Presentation

Capital Raise Presentation

Cyprium Metals (CYM:AU) has announced Capital Raise PresentationDownload the PDF here. Keep Reading...
A$41M Capital Raise via Placement & Entitlement Offer

A$41M Capital Raise via Placement & Entitlement Offer

Cyprium Metals (CYM:AU) has announced A$41M Capital Raise via Placement & Entitlement OfferDownload the PDF here. Keep Reading...
Paterson Exploration Review Update

Paterson Exploration Review Update

Cyprium Metals (CYM:AU) has announced Paterson Exploration Review UpdateDownload the PDF here. Keep Reading...
Cathode Restart Approved by Cyprium Board

Cathode Restart Approved by Cyprium Board

Cyprium Metals (CYM:AU) has announced Cathode Restart Approved by Cyprium BoardDownload the PDF here. Keep Reading...
Senior Loan Facility Refinanced with Nebari

Senior Loan Facility Refinanced with Nebari

Cyprium Metals (CYM:AU) has announced Senior Loan Facility Refinanced with NebariDownload the PDF here. Keep Reading...
A red and white "R" is on a screen next to a browser showing "Rio Tinto" and website details.

Rio Tinto Secures Resolution Copper Land, Launches US$500 Million Drill Program

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has cleared a key legal hurdle at its Resolution Copper project in Arizona, allowing the miner to advance exploration at a deposit expected to rank among the largest sources of the metal in the US.The group said it has secured control of land required for the... Keep Reading...
Copper bars of varying thickness neatly stacked on reflective gray surface.

Copper Price Update: Q1 2026 in Review

The copper market has been on a wild ride for much of the past year. 2025 was punctuated by tariff threats, supply-side disruptions and increasing demand, events that bled into 2026 and helped push copper prices to record highs at the beginning of the year. A US Supreme Court decision that... Keep Reading...
Copper pipes laid on top of each other in bundles.

5 Best-performing Copper Stocks on the TSX in 2026

Copper stocks are being supported by an increasingly constrained supply environment in 2026.Structural demand drivers, including electrification, digital infrastructure and industrial expansion are underpinning long-term growth, particularly in emerging markets. On the supply side, however,... Keep Reading...
Spools of copper wire.

Top 5 Junior Copper Stocks on the TSXV in 2026

Junior copper stocks are seeing significant support from the copper supply and demand story in 2026 as companies look to make the next big discovery of the red metal.Copper prices soared at the start of the year amid an increasingly tight supply situation. The expectation is that copper demand... Keep Reading...
A copper-toned globe with a wireframe design sits on a reflective grid surface under a gradient gold sky.

Infographic: Copper Market Facing Pressure as AI Demand Accelerates

The buildout of artificial intelligence (AI) infrastructure is running on a timeline the copper industry cannot match, sharpening concerns over whether supply can keep up with demand.Data compiled by MiningVisuals shows that a new AI data center typically reaches operation in 18 to 23 months,... Keep Reading...
Rows of fine copper bars with text that reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Getty Copper Gains 167 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Monday (March 16), Statistics Canada released consumer price index data for February. The report... Keep Reading...

Interactive Chart

Latest Press Releases

Related News