Cyprium Metals

Updated Maroochydore Copper-Cobalt Resource Demonstrates Large Copper Sulphide System with 1.6Mt Contained Copper

Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company), a copper developer focused on recommencing production at the Nifty Copper Complex in the Paterson region of Western Australia (Nifty), has upgraded its mineral resource estimate for its 100% owned Maroochydore Copper-Cobalt Project (Maroochydore). The Maroochydore project is also located in the Paterson region of Western Australia, 81km from the Nifty Copper Complex.


Highlights of the Resource Upgrade include:

  • Inferred resources of 370,800,000 tonnes at 0.43% Cu and 227 ppm Co for 1,595,000 contained copper and 84,000 tonnes contained cobalt at 0.25% Cu cut-off grade.
  • Higher-grade zone contained within the inferred resource of 106,300,000 tonnes at 0.67% Cu and 308 ppm Co for 712,000 tonnes contained copper and 33,000 tonnes contained cobalt at 0.45% Cu cutoff grade.
  • Sedimentary copper mineralisation style demonstrating significant continuity of mineralisation and resource scale - similar geology to nearby Nifty Copper Complex.
  • Higher grade domain will be further studied as satellite feed operation to Cyprium’s nearby Nifty mill and concentrator in the Paterson district.
Cyprium Executive Chair Matt Fifield commented: “Maroochydore has seen little attention over the last decade - previous work was focused on the near-surface copper oxide mineralization. Cyprium recognised the same sedimentary copper mineralisation style that we have at Nifty and turned our attention to the potential of the copper sulphide resource. We remodelled the historic resource from first principles and included an additional 19,456 meters of core and RC drilling that was available.

The results are clear – Maroochydore is a very large, near-surface sulphide resource with a higher- grade zone that has high potential to be a medium-term expansion project for Cyprium. An important moment for Cyprium, and a potential meaningful source of Australian copper and cobalt.”

Table 1: Maroochydore January 2025 Inferred Mineral Resource Estimate, by mineralisation category, ≥0.25% Cu Cutoff.

0.25% Cu cutoff. Metal grades take into account top and bottom cut. Numbers are rounded to reflect a suitable level of precision and may not sum due to rounding. The reported contained metal is not the same as a "recoverable" or "marketable" amount, as recovery rates and other factors can influence how much metal can be extracted. See accompanying technical report for additional details and important disclosures.

Table 2: Maroochydore January 2025 higher grade domain by mineralisation category, ≥0.45% Cu Cutoff.

0.45% Cu cutoff. Metal grades take into account top and bottom cut. Numbers are rounded to reflect a suitable level of precision and may not sum due to rounding. The reported contained metal is not the same as a "recoverable" or "marketable" amount, as recovery rates and other factors can influence how much metal can be extracted. See accompanying technical report for additional details and important disclosures.

Updated Resource Model Shows Near-Surface, Flat-lying Sedimentary Copper System

Maroochydore is a sediment-hosted deposit type located in the Paterson region of Western Australia. The project is 81km by air and ~100km by unsealed road from Cyprium’s Nifty Copper Complex.

Figure 1: Maroochydore general location and regional infrastructure

Stratigraphy at Maroochydore is part of the Broadhurst Formation (Yeneena Group) similar to the nearby Nifty Copper Complex.

The deposit is a mixture of oxide/supergene and primary sulphides. The upper resources are dominated by oxide and transitional materials hosted in the 50 to 100m thick mineralised horizon consisting of carbonaceous shales and recrystalised dolostones.

The structural framework that hosts the mineralised sequence is less restricted than what is found at Nifty, which leads to Maroochydore’s more extensive and diffuse mineralisation system. Current mineralised material is defined over a strike length of ~7km and is shallow, with cover varying from 20m depth at the south-eastern end to 80m depth at the north-western end, and relatively flat lying.


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
Cyprium Metals

Cyprium Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Cyprium Metals

Cyprium Metals

Cyprium Metals

Cyprium Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Advancing Western Australia’s historic Nifty copper mine for near-term production and long-term growth

Capital Raise Presentation

Capital Raise Presentation

Cyprium Metals (CYM:AU) has announced Capital Raise PresentationDownload the PDF here. Keep Reading...
A$80M Capital Raise via Placement & Entitlement Offer

A$80M Capital Raise via Placement & Entitlement Offer

Cyprium Metals (CYM:AU) has announced A$80M Capital Raise via Placement & Entitlement OfferDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Cyprium Metals (CYM:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Cyprium Metals (CYM:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Cyprium Metals (CYM:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
US flag and stock chart overlayed with Benjamin Franklin image.

Trilogy Metals Shares Rocket as US Government Takes Stake in Alaska Project

The US government is making a rare direct investment in a Canadian mining company, taking a 10 percent stake in Vancouver-based Trilogy Metals (TSX:TMQ,ARCA:TMQ) as part of a US$35.6 million deal to accelerate the development of Alaska’s Upper Kobuk Mineral Projects (UKMP)In an announcement... Keep Reading...
​African Discovery Group (OTC:AFDG)

AFDG - Embracing US strategy, acquisition of Butembo copper deposit in the DRC. Copper added to draft list of US strategic minerals

African Discovery Group (OTC:AFDG) ("AFDG" or the "Company") has signed a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the "Transaction"). With this proposed acquisition, AFDG... Keep Reading...
ACG Metals

ACG Amends Terms of Gediktepe Royalty Agreement to Support Transition from Gold to Copper Production

ACG announces that the net smelter return royalty agreement dated 17 July 2019 (the "Royalty Agreement") originally entered into between Lidya Madencilik Sanayi ve Ticaret A.Ş. (which assigned its interest to ACG Holdco 1 Limited), Polimetal Madencilik Sanayi ve Ticaret A.Ş. ("Polimetal") and... Keep Reading...

African Discovery Group

AFRICAN DISCOVERY GROUP, INC. (AFDG or the "Company") acquired 100% of African Discovery Group, Inc., a Delaware corporation, in November, 2020. The Company's previous South African car rental business was spun off to the Company's former principals. Through its 100%-owned subsidiary, the... Keep Reading...
Cyprium Metals

Cyprium Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News