For the period ending 30 September 2021

Cyprium Metals Limited (ASX: CYM) ("Cyprium" or the "Company") is pleased to provide the following overview of the Company's activities for the September 2021 quarter.


Paterson Copper Project Portfolio

  • Nifty Heap Leach Restart development activities during the Quarter included:
  • Mineral Resource infill and extensional drilling programmes
  • Metallurgical column test work 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 onsite
  • Appointment of key management and technical roles for site continuing
  • Maroochydore Mineral Resource infill and extensional drilling programme commenced

Murchison Copper-Gold Project

  • Third diamond drill hole (NWD2003) at Nanadie Well continues to intersect extensive shallow-sulphide copper-goldmineralisationreturning180m@0.6%Cuand0.2g/tAufrom 10.0m

Corporate

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

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 drillinghasfirmedupourunderstandingofthecoppermineralisationextendingfromtheformer Nifty open pit and demonstrates excellent potential to grow the resource eastwards atdepth.

The stronger than expected copper mineralisation intersected in the first metallurgical diamond holeincludesnativecopperobservedin3distinctzones,whichliesintheextensionoftheformer Nifty openpit..."


Read the full report here.

CYM:AU
Cyprium Metals Limited

Cyprium Metals


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