More Nifty results for Cyprium

Cyprium Metals continues to make solid progress on the development of its Nifty Copper Project in Telfer, Western Australia.

The first mineral resource estimate upgrade has been completed using the latest Nifty West drilling data with positive results. Further drilling will be undertaken as the ore body remains open in a number of directions.

The Life Of Mine planning has commenced and analysis for an expanded pit over the total mineral resource is focussing on the mine life (20+ years) and production profile.

Since taking control of the site in April 2021, Cyprium has undertaken a significant clean-up of the mine site, including the rectification of a number of outstanding safety and environmental legacy issues.

Scrap is being collected and sorted ready for sale or disposal.

There has been significant sorting of equipment, parts, critical spares and supplies, which is ongoing. Required equipment is being recredited to inventory and that which is not required is being collated for sale as surplus.

The process has revealed the significant inventory of spares that was included in the Nifty acquisition.

Work has been completed on the concrete batching plant so it is ready for operation once construction commences, significantly improving project cost efficiencies during the construction phase.

Managing director Barry Cahill said the project study demonstrated that the fundamentals of the project were robust.

“We are currently focused on finalising the project debt financing for a fully funded project and then to execute our construction plans so that we produce copper metal plate on site in the second half of 2023,” he said.

“While working through the finance process, Cyprium have not been idle, continuing to set Nifty up for the construction works post finance and pushing forward with the Maroochydore and Murchison Projects as assay results are received from the 2021 field season.”

About Ray Chan

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).

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