Cyprium Metals Ltd (ASX:CYM) Annual Report to Shareholders

Cyprium Metals Ltd (ASX:CYM) was formed in June 2019 with the strategy of developing copper projects in Australia.

Cyprium's first transaction in 2019 was an earn-in and Joint Venture of the Hollandaire Copper Project, a shallow high grade copper sulphide resource. This was followed in 2020 by the purchase of the nearby shallow Nanadie Well Copper Gold Project, which combined with Hollandaire forms the Murchison Copper Gold Project.

Cyprium then acquired a portfolio of assets in 2021 which included the Nifty Copper Project (in care and maintenance), the large Maroochydore Copper-Cobalt deposit and a regional exploration earn-in and Joint Venture with IGO Limited (ASX:IGO).

The Nifty Copper Project already has in place an open pit oxide heap leach solvent extraction electrowinning ("SX-EW") operation, an underground sulphide mine, 2.8 Mtpa sulphide concentrator and associated infrastructure, all on care and maintenance.

Nifty is ranked 6th largest copper development project in Australia by copper metal and the highest grade of the top group whilst Maroochydore is ranked 8th. Cyprium now has a near term production project from an Australian based long-life mine, to produce copper metal onsite, a critical metal in the global transition to a clean and sustainable energy base.

*To view the Annual Report, please visit:
https://abnnewswire.net/lnk/Y2BF50LN

Barry Cahill 
Executive Director
T: +61 8 6374 1550

Wayne Apted 
Chief Financial Officer 
and Company Secretary

Lexi OHalloran
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com