Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Shareholder Meeting (May 2020)
20 slides from Cyprium Metals's shareholder meeting presentation, May 28, 2020
Slide 1: AGM Presentation May 2020
AGM PRESENTATION May 2020 ABN: 48 002 678 640 ASX: CYM Website: www.cypriummetals.com
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by Cyprium Metals Limited based on information available to it and from third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to Cyprium Metals Limited that you have read, understood and accept
Slide 3: JORC Statements and Exploration Results
JORC Statements and Exploration Results Competent Person Statement The information in this document that relates to Exploration Targets, Exploration Results, Mineral Resources and/or Mineral Reserves is an accurate representation of the available data and is based on the information compiled by Mr P
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management ASX Ticker CYM Non- Executive Chair Gary Comb Share Price (25 May 2020) A$0.15 Executive Director Barry Cahill Shares on Issue 56M Non-Executive Director Nicholas Rowley Market Cap (A$M) A$8.4M CFO and Company Sec Wayne Apted Performance Righ
Slide 5: Cyprium Overview
Cyprium Overview • Cue Copper Project includes Mineral Resources1 at Hollandaire and high priority drill targets • Scoping Study underway to test project metrics • Use innovative processing solutions to produce metal on site • Highly credentialed management team • Focus on acquiring and developing p
Slide 6: Cyprium Achievements 2019-2020
Cyprium Achievements 2019-2020 • Cue Copper Project acquisition mid June 2019 - the first project in the strategy • First drilling by late July 2019 • Drilling completed to the end of March 2020 – RC drilling of 12,897 metres – DD drilling of 663 metres • Hollandaire mineralised envelope expanded –
Slide 7: Hollandaire
Hollandaire • Historical Indicated Resource1 (JORC 2004) of 1.9Mt @ 2.0% Cu • Best intercepts2 include: • 9.3m @ 15.4% Cu, 2.0g/t Au & 29.0 g/t Ag from 61m (drill hole 11HOD009) • Metallurgical drilling completed by Cyprium in September 2019 with intercept3 of; • 10.4m @ 14.9% Cu in drill hole 19HOM
Slide 8: Hollandaire West
Hollandaire West • Mineralisation adjacent to Hollandaire – less sulphide with thick zones of disseminated chalcocite at a lesser grade • Best intercepts4 include: • 5m @ 2.3% Cu in drill hole 19HORC006 from 50m downhole including: • 3m @ 3.4% Cu, 0.3 g/t Au and 13.3 g/t Ag from 51m • 16m @ 0.8% Cu
Slide 9: Hollandaire Extensional Drilling
Hollandaire Extensional Drilling Mineralised intercepts completed in March 20205 include: • 1.0m @ 1.08% Cu from 53m in drill hole 20HORC014 • 4.0m @ 1.20% Cu from 144m in drill hole 20HORC021 • 2.0m @ 1.49% Cu from 153m in drill hole 20HORC022 • 2.0m @ 1.78% Cu from 180m in drill hole 20HORC022 • 2
Slide 10: Metallurgical Testwork
Metallurgical Testwork6 • Column test work on Hollandaire massive sulphide mineralisation • Test work conducted to determine optimal copper extraction method • Copper has started leaching into solution within 1 hour • Copper leaching into solution resulted in: • Copper extraction of 91.9% in Column
Slide 11: Metallurgical Testwork: Cumulative Copper Extraction Vs Time
Metallurgical Testwork6 Cumulative Copper Extraction Vs Time 100 90 80 70 Extraction, Cu% 60 50 40 30 20 10 0 0 5 10 15 20 25 30 35 40 45 50 Days Column A Column B Column C 11
Slide 12: Eelya South
Eelya South • Initial drilling intersected a depleted zone, including: • 19ESRC001: 1.0m @ 1.36% Cu, 0.04 g/t Au and 1.00 g/t Ag from 47m • 19ESRC007: 1.0m @ 1.32% Cu, 0.18 g/t Au and 29.50 g/t Ag from 46m • An RC drill hole was completed to target a deeper section of the structure and intersected s
Slide 13: Cyprium Strategy 2020-2021
Cyprium Strategy 2020-2021 • Complete Cue Scoping Study to define the target resource size required for the project • Hollandaire resource evaluation update to JORC Code 2012, including latest drilling • Further work at Eelya South and Rapier to determine the extent of prospective structures • Drill
Slide 14: Regional Exploration
Regional Exploration Hand specimens of Mt Eelya Gossan 14
Slide 15: Mount Eelya
Mount Eelya • Mt Eelya cross-section showing drillhole intersections and interpreted gossan/ sulphide relationships • Mt Eelya 3D block diagram showing drill holes, significant intersections, gossans, VTEM conductors and DHEM targets • Best intercepts8 of; • 7m @ 9.3% Zn, 1.1% Cu, 11.3g/t Ag from 29
Slide 16: Colonel & Colonel East
Colonel & Colonel East 8Information pertaining to the diagrams and intercepts were taken from an ASX Release by Musgrave Minerals on 26 June 2017. 16
Slide 17: Appendices
APPENDICES . ) CYPRIUM
Slide 18: Cue Copper Mineral Resources
Cue Copper Mineral Resources 30 June 2013 Indicated Resources Inferred Resources Total Resources JORC 2004 Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes ‘000s % Cu 000s ‘000s % Cu 000s ‘000s % Cu 000s Hollandaire Copper 1,891.3 2.0 37.1 122.4 1.4 1.6 2,013
Slide 19: Cue Copper Project Location Plan
Cue Copper Project Location Plan 19
Slide 20: Key Portfolio Criteria
Key Portfolio Criteria • Focused on Australian projects • Projects preferably to have sulphide mineralisation with high sulphide content – copper or polymetallic with copper (pyrite, pyrrhotite etc) • Projects to have an existing copper resources with growth potential • Sulphide Heap Leach (SHL) is