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Cyprium Metals Ltd  Quarterly Activities Report

Perth, Australia – Cyprium Metals Limited is pleased to provide the following overview of the Company’s activities for the September 2021 quarter. Paterson Copper Project Portfolio o Nifty Heap Leach Restart development activities during the Quarter included: – Mineral Resource infill and extensional drilling programmes – Metallurgical column testwork commenced, delivering excellent results – Restart surveys for …

Perth, Australia (ABN Newswire) – Cyprium Metals Limited (ASX:CYM) is pleased to provide the following overview of the Company’s activities for the September 2021 quarter.

Paterson Copper Project Portfolio

o Nifty Heap Leach Restart development activities during the Quarter included:

– Mineral Resource infill and extensional drilling programmes
– Metallurgical column testwork commenced, delivering excellent results
– Restart surveys for regulatory approvals, with documentation being compiled
– Engagement with Traditional Owners and Government authorities continuing
– Evaluation of constructing a new versus refurbished SX-EW plant completed
– Front End Engineering and Design commenced with scheduling of long lead items
– Refurbishment of the SX-EW plant commenced with engineering crews on site
– Appointment of key management and technical roles for site continuing

o Maroochydore Mineral Resource infill and extensional drilling programme commenced

Murchison Copper-Gold Project

o Third diamond drill hole (NWD2003) at Nanadie Well continues to intersect extensive shallow sulphide copper-gold mineralisation returning 180m @ 0.6% Cu and 0.2 g/t Au from 10.0m Corporate

o Cyprium ended the quarter with a cash balance of $40.0 million

Managing Director Barry Cahill commented: “The development activities at the Nifty Copper Project continue to accelerate.

Resource definition and extensional drilling programmes at Nifty are ongoing. The Nifty East drilling has firmed up our understanding of the copper mineralisation extending from the former Nifty open pit and demonstrates excellent potential to grow the resource eastwards at depth.

The stronger than expected copper mineralisation intersected in the first metallurgical diamond hole, includes native copper observed in 3 distinct zones, which lies in the extension of the former Nifty open pit.

A detailed Mineral Resource review of the Nifty deposit has been undertaken and open pit optimisation work for the Heap Leach Restart Study has commenced.

The metallurgical column testwork on the trench samples is progressing well and the optimisation of the leaching process for Nifty is proceeding.

A new versus refurbished SX-EW plant study was completed which determined that a refurbishment of the existing SX-EW plant can be completed in a significantly shorter timeframe at approximately half the estimated capital cost, whilst still achieving operational efficiencies from technological improvements within the EW plant.

The refurbishment engineering and design work is underway along with mobilising contractors for the SX-EW refurbishment activities. The Nifty camp refurbishment also commenced during the quarter.

We continue to engage with the Traditional Owners and have completed the environmental survey work required for the Heap Leach Restart in preparation for governmental submissions so that the regulatory approval timelines can be finalised.

The new quarter will result in the completion of a number of milestones for the Nifty Copper Project, including completion of the Mineral Resource Review, Metallurgy Review, Restart Study, Approvals Timeline and Project Schedule. Results of each of the stages will be released as they are finalised.

I recently visited our Maroochydore Copper Project, which is another exciting copper development opportunity for Cyprium. We are on the pathway to unlocking significant value at this deposit, where we need to remind ourselves that it currently hosts 486,000 tonnes of copper with a footprint for the oxide resource that is more than 3 kilometres long.

The shallow oxide mineralisation, which has been defined between depths of only 20 metres to 150 metres, remains open along strike and down-down dip. The current drilling programme aims to increase geological confidence and extend the mineralisation to grow the resource. Diamond drilling is being undertaken to obtain core samples for use in metallurgical test work. The sulphide mineralisation has only been lightly drilled and is open along strike and down-down dip.

Diamond drill hole NWD2003 drilled into the central section of the Nanadie Well deposit at our Murchison Project returned another strong intersection of 180 metres at 0.6% copper and 0.2 g/t gold from just 10 metres below surface. The mineralisation at this extensive shallow deposit remains open in multiple directions.”

To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/N7N7X3T3

About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.

Source:
Cyprium Metals Ltd

Contact:
Barry Cahill
Executive Director
T: +61 8 6374 1550

Wayne Apted
Chief Financial Officer
and Company Secretary

Lexi O’Halloran
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com

News Provided by ABN Newswire via QuoteMedia

CYM:AU
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Copper Mountain Mining Corporation  is pleased to announce positive results from 48 drill holes, totaling 7,936 metres, drilled on the C6, C1 and C2 targets at its Cameron Copper Project as part of ongoing exploration at the property.  The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. …

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the “Company” or “Copper Mountain”) is pleased to announce positive results from 48 drill holes, totaling 7,936 metres, drilled on the C6, C1 and C2 targets at its Cameron Copper Project (“Cameron”), as part of ongoing exploration at the property. The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. The Company plans to carry out further drilling that will also include new undrilled targets with significant copper-gold anomalies in surface soil and rock samples. Cameron is situated 40 kilometres south of the Company’s Eva Copper Project (“Eva”), located in the Mount Isa region of Queensland, Australia near Cloncurry. See Appendix 1 for a regional location map. View PDF

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Copper Mountain Mining Corporation will be hosting a conference call on Monday, November 1, 2021 at 7:30 am for senior management to discuss its third quarter 2021 results. The Company will be releasing its third quarter 2021 financial and operating results before markets open on Monday, November 1, 2021 . Dial-in information: Toronto and international: 1 764 8650 North America : 1 664 6383 Webcast: Replay …

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the “Company” or “Copper Mountain”) will be hosting a conference call on Monday, November 1, 2021 at 7:30 am (Pacific Time) for senior management to discuss its third quarter 2021 results. The Company will be releasing its third quarter 2021 financial and operating results before markets open on Monday, November 1, 2021 .

Dial-in information:
Toronto and international: 1 (416) 764 8650
North America (toll-free): 1 (888) 664 6383
Webcast: https://produceredition.webcasts.com/starthere.jsp?ei=1501080&tp_key=fd3437f8d3

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Copper Mountain Mining Corporation  is pleased to announce that it has successfully installed and commenced commissioning of the third ball mill at its Copper Mountain Mine, which is located in southern British Columbia, Canada near the town of Princeton.  The installation of the third ball mill completes the Ball Mill 3 Expansion Project which will increase plant milling capacity to 45,000 tonnes per day from …

Copper Mountain Mining Corporation (TSX: CMMC) (ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce that it has successfully installed and commenced commissioning of the third ball mill at its Copper Mountain Mine, which is located in southern British Columbia, Canada near the town of Princeton. The installation of the third ball mill completes the Ball Mill 3 Expansion Project which will increase plant milling capacity to 45,000 tonnes per day from 40,000 tonnes per day.

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Interested in investing in gold in Australia? This guide covers multiple ways to enter the market, from physical metal to ETFs to stocks.

With gold sitting near all-time highs, interest is high and investors are looking at ways to enter the market.

Australian investors may want to turn their attention to their own backyard. Australia is currently the second largest gold-producing country in the world, and its western region is a jurisdiction that is increasingly being sought out by exploration and mining companies.

Read on for a breakdown of the Australian gold market, as well as how and why to invest in the area.


Investing in gold in Australia: A major producer

As mentioned, Australia is currently the second largest gold-producing country. Gold output in the country reached 320 metric tons in 2020, down slightly from 325 metric tons the previous year.

"There's three countries that combine the rule of law with significant gold production: Canada, the US and Australia. Outside of these three, there's not much gold, or there's not much protection for individual investors and companies," said Kevin McElligott, managing director, Australia, at Franco-Nevada (TSX:FNV,NYSE:FNV).

"Australia is very similar to Canada in many obvious ways. Large country, small population, western liberal democracy, high standard of living, high international trade, etc.," he added.

McElligott continued, "The difference for Australia is that gold is 12 percent of exports, versus 2 percent for Canada. So the gold producers are more important to the Australian economy, to maintain that high standard of living. There's higher political and social support for gold mining here."

One of the more prolific gold-mining areas of Australia is Western Australia, which accounts for close to 70 percent of the country's total gold output. In fact, gold mining is the third largest commodity sector in the state, behind iron ore, crude oil and liquefied natural gas, with a value of approximately AU$16.63 billion.

The Fraser Institute recently named Western Australia one of the best mining jurisdictions in the world, fourth on the list after Nevada, Arizona and Saskatchewan. The more than half a million square kilometre area has attracted major miners such as Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and BHP (ASX:BHP,NYSE:BHP,LSE:BLT).

Recent exploration activity in the Pilbara region of Western Australia has renewed interest and helped increase the country's consistent gold output. The area is currently in the midst of increased gold exploration thanks to a major discovery in 2017 by Novo Resources (TSXV:NVO,OTCQX:NSRPF) and Artemis Resources (ASX:ARV,OTCQB:ARTTF).

Some geologists have compared the geology of the Pilbara craton with South Africa's Kaapvaal craton and Witwatersrand basin. The similarities are significant considering Witwatersrand is home to the Earth's largest-known gold reserves and is responsible for over 40 percent of worldwide gold production.

Both the Pilbara and Witwatersrand are similar in age and composition, sitting on top of the Archean granite-greenstone basement. The Pilbara area hosts numerous small mesothermal gold deposits containing conglomerate gold — mineralization known to hold large, high-grade gold nuggets.

Following on after Novo and Artemis, a number of gold exploration companies have moved into the Pilbara area, including De Grey Mining (ASX:DEG,OTC Pink:DGMLF), Kairos Minerals (ASX:KAI,OTC Pink:MPJFF), Pacton Gold (TSXV:PAC,OTC Pink:PACXF) and Monterey Minerals (CSE:MREY).

Major mining companies like Kirkland Lake Gold (TSX:KL,NYSE:KL,ASX:KLA) have also invested in the region. Kirkland has committed C$56 million to Novo Resources, and its chairman, Eric Sprott, is a well-known resource investor who owns shares in Novo, as well as several other companies in the Pilbara region.

Investing in gold in Australia: Physical gold

Australians looking to invest in the gold space may want to look first at physical gold, which experts often suggest as a secure starting point for entering the market.

In terms of Australian physical gold, investors are able to buy and sell as much as they want, as the government does not place a minimum or maximum on the amount of the yellow metal in one's possession.

However, it's worth noting that some banks do not technically permit the storage of bullion; this is listed in the terms and agreements that customers must sign when they register. Private investors who reside in Australia should also keep in mind that physical gold can't be insured.

Below are examples of the types of Australian physical gold available for investors at the Perth Mint:

  • Bullion coins — The mint offers the Australian Kangaroo, a gold coin containing 1 ounce of 99.99 percent pure gold.
  • Minted bars — The Perth Mint also gives investors the option to buy minted bars in eight different sizes ranging from 1 gram to 10 ounces. The minted bars are 99.99 percent pure gold.
  • Cast bars — The mint describes cast bars as "one of the most cost effective and convenient ways to buy precious metals." These 99.99 percent pure gold bars range in size from half an ounce to 50 ounces.

Investors who don't want to buy physical gold directly from the Perth Mint can also buy from dealers; Australians may also want to consider reputable products like the American Gold Eagle and the Canadian Maple Leaf.

Investing in gold in Australia: Gold ETFs

Exchange-traded funds, better known as ETFs, are another popular way of getting exposure to the gold space. They trade like stocks on an exchange, which makes them easily accessible, but tend to be less risky.

The ASX is home to a number of gold-focused ETFs; read on to learn about a few of the choices available:

  • ETFS Metal Securities Australia (ASX:GOLD) — This ETF has been listed on the ASX since 2003, with a management fee of 0.4 percent. With this ETF, one share represents about a tenth of the spot gold price. For example, if the physical gold spot price is trading at AU$1,593.10 an ounce, one share, or unit, of this ETF will be roughly AU$153.
  • Perth Mint Gold ETF (ASX:PMGOLD) — The Perth Mint Gold ETF also launched in 2003, but has a much lower management fee of 0.15 percent. This is because its structure allows for lower storage costs. This ETF tracks the gold spot price, but the gold is held by the Perth Mint on the behalf of investors. It also doesn't have the same level of liquidity as ETFS Metal Securities as it trades at about a fifth of its size.
  • BetaShares Gold Bullion ETF (ASX:QAU) — The BetaShares Gold Bullion ETF is unique from the two ETFs listed above as it tracks the US gold spot price, providing "purer" exposure to the US spot gold price. BetaShares units are equal to one-hundredth of the US spot gold price. That means that a movement of a dollar in the US spot gold price is equal to a movement of a cent in BetaShares. The ETF has a management fee of 0.59 percent
  • Van Eck Vectors Gold Miners ETF (ASX:GDX) — Launched in 2015, this ETF provides diversified exposure to gold-mining companies. While only 13 percent of its holdings are ASX-listed stocks, its top 10 constituents include two Australian companies, Newcrest Mining (ASX:NCM,TSX:NCM,OTC Pink:NCMGF) and Northern Star Resources (ASX:AST,OTC Pink:NESRF). The management fee is 0.54 percent.

Investing in gold in Australia: ASX-listed gold stocks

Finally, those interested in investing in gold in Australia may want to look at gold-mining and exploration companies listed on the ASX. An easy place to begin is with the biggest gold companies listed on the ASX:

The biggest gainers are another solid point to start from:

Finally, those more interested in particular jurisdictions may want to check out these state-by-state overviews of ASX-listed gold companies:

As with any investment, the key to investing in ASX gold stocks is to keep due diligence front and centre.

This is an updated version of an article first published by the Investing News Network in 2019.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

carbon emissions

Following international pressure, the Australian government has promised to reach net zero emissions by 2050.

In a last-minute commitment after months of debate, the Australian government has promised to reach net zero emissions by 2050, expecting to meet the goal largely through technology development.

The move comes following international pressure as Australia had previously refused to join countries in pledging to meet the target ahead of the United Nations' COP26 climate conference in Glasgow.

However, the plan unveiled on Tuesday (October 26), which includes a government investment of AU$20 billion, does not strengthen the target set for 2030, with Prime Minister Scott Morrison saying Australia is on track to beat its Paris Agreement goal, cutting emissions by 30 to 35 percent by that decade.


"We will do this the Australian way," Morrison said ahead of a press conference, announcing investments in new energy technologies like hydrogen and low-cost solar.

An Australian hydrogen industry could be worth more than AU$50 billion in 2050, according to the government. Meanwhile, expanding production and processing of metals like lithium, nickel, copper and uranium could together be worth around AU$85 billion in exports in 2050.

That said, Australia will continue to be heavily dependent on fossil fuels as the plan will not shut down coal or gas production. The country is a major coal player, with the third largest reserves in the world, but its reliance on coal-fired power makes it one of the world's largest carbon emitters per capita.

"We want our heavy industries, like mining, to stay open, remain competitive and adapt, so they remain viable for as long as global demand allows," Morrison said. "We will not support any mandate — domestic or international — to force closure of our resources or agricultural industries."

Australia's desire to achieve net zero emissions by 2050 is a step in the right direction, Prakash Sharma, Wood Mackenzie's Asia Pacific head of markets and transitions, said.

"Our analysis shows that Australia can reach net zero emissions by 2050," he said. The country's major trading partners — China, Japan and South Korea — are already in transition towards that goal.

According to Wood Mackenzie, nearly 83 percent of Australia's power generation will come from solar and wind by 2050, as compared to about 20 percent last year. Natural gas, bio energy, geothermal and small modular reactors will supply the remaining 17 percent in power output. Coal into power is expected to be phased out by 2035.

"Although the pathway requires complete transformation of its traditional energy and export sectors, there are significant opportunities to capitalise on and protect future revenues," Sharma said.

"This will require Australia to become a significant player in low-carbon hydrogen trade as well as being able to offer carbon storage and offset services."

Meanwhile, the Australian Conservation Foundation has welcomed the prime minister's commitment to reach net zero by 2050, but said the mid-century goal is only meaningful with deep cuts to climate pollution this decade.

"Unless the government sets the wheels in motion to cut our emissions in half by 2030, it is making climate change worse and turning its back on the opportunities," said Chief Executive Kelly O'Shanassy.

"Australia can become a global clean energy superpower in the next decade by replacing coal and gas with renewable energy," she added. "We have abundant clean energy, tools and talent, but we cannot delay any longer."

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.