The Cyprium Metals Ltd story is now taking shape. The recent announcement about a US$35 million Secured Offtake Prepayment Facility for the Nifty Copper Project Restart is basically the last piece of the puzzle that will hopefully bring about the start of copper plate production.
As a shareholder, I feel that it will just be a matter of time before a re-rating of the company takes place.
Cyprium is all about the oxides and heap leaching to extract the copper.
There are many commentaries in the market place but they have been focused on the old mishaps of Nifty.
Cyprium has made it simple. Mine the oxides only and worry about the sulphides later.
Get comfortable and listen to managing director Barry Cahill tell us about the journey, good and bad, since we last spoke to him in March 2022.
Chapters
00:00 Start
00:20 Introduction
01:09 All About The Secured Offtake Prepayment Facility
03:12 Is the Financing Done?
05:34 What does the Facility mean for Cyprium?
07:29 How should Investors Position with Cyprium Metals?
09:43 Nifty - Positive and Negative.
10:13 The Negative Perception of Nifty.
11:26 Reasons why Australia is not good with Heap Leaching.
11:46 History of Nifty Production.
14:00 The Negativity around Nifty.
14:50 Nifty - The Cyprium Way - All About the Oxides.
20:41 Is the Nifty Oxide Heap Leaching all about Particle Size and Chemistry?
23:15 Any more Regulatory Boxes to Tick Off?
25:04 Has the Tiger been thrown out the Door?
25:32 Underestimated Value of Nifty.
26:57 Timing and News Flow?
28:07 Summary of the Finance Equation.
29:08 Conclusion
About Barry Cahill - managing director
Cahill is a mining engineer with more than 30 years of experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development.
He was the managing director of Finders Resources from 2013 until its takeover in 2018. Cahill has previously been executive director of a number of public companies including operations director at Perilya Limited and managing director of Australian Mines Limited and Norseman Gold Plc.
About Cyprium Metals
Cyprium Metals is an ASX-listed company with copper projects in Australia. The company has a highly credentialed management team that is experienced in successfully developing sulphide heap leach copper projects in challenging locations. The company’s strategy is to acquire, develop and operate mineral resource projects in Australia which are optimised by innovative processing solutions to produce copper metal on-site to maximise value.
The company has projects in the Murchison and Paterson regions of Western Australia that are host to a number of base metals deposits with copper and gold mineralisation.
Paterson Copper Projects - This portfolio of copper projects comprises the Nifty Copper Mine, Maroochydore Copper Project and Paterson Exploration Project.
The Nifty Copper Mine is on the western edge of the Great Sandy Desert in the north-eastern Pilbara region of Western Australia, about 330 kilometres southeast of Port Hedland.
Nifty contains a 2012 JORC mineral resource of 732,200 tonnes of contained copper.
Cyprium is focused 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.