EXPLORATION & DEVELOPMENT

Nifty numbers revealed for Cyprium's initial copper venture

CYPRIUM Metals estimates it will cost about A$150 million to restart production capacity of 25,000t per annum of copper cathode at Nifty in Western Australia, with the project having a net present value of nearly $280 million and an internal rate of return of 37% (after tax).

Cyprium aims to return open cut mining to Nifty next year

Cyprium aims to return open cut mining to Nifty next year

Cyprium used a copper price of US$9000/t and an exchange rate of 75c. The company noted the LME copper price has been regularly trading above $10,000/t during 2022 (and the exchange rate in a range...

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