Slide 1: Building an Australian Copper Company: CYM Restart Study Presentation
BUILDING AN AUSTRALIAN COPPER COMPANY CYM Restart Study Presentation March 2022 ASX: CYM 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer IMPORTANT: You must read the following before continuing. This investor presentation (“Presentation”) has been prepared by Cyprium Metal s Limited (ABN 48 002 678 640) (“Cyprium” or “Company”). Summary information By reviewing or retaining these materials, or attendi
Slide 3: Cautionary Statement
Cautionary Statement IMPORTANT: You must read the following before continuing. This investor presentation (“Presentation”) has been prepared by Cyprium Metals Limited (ABN 48 002 678 640) (“Cyprium” or “Company”). • The Restart Study as referred to in this ASX announcement is intended to be used for
Slide 4: Cyprium Investment Overview
Cyprium Investment Overview Cyprium Metals – Building an Australian Copper Company ASX listed, West Australian focused copper developer and explorer Restart Study for Nifty Copper Project - heap leach operation targeting H1 2023 commissioning Portfolio of development opportunities with over +1.2Mt1
Slide 5: Corporate Overview
Corporate Overview Focused on building a mid-tier Australian copper mining business • Cyprium Metals (ASX:CYM) is an Australian copper developer and explorer • Owns a portfolio of near-term development projects focussed in Western Australia • Focussed on the near-term development of Nifty open pit h
Slide 6: Nifty Copper Project Restart Study Summary
Nifty Copper Project Restart Study Summary Restart Study – 25,000 tpa copper cathode operation including heap leach retreat and oxide open pit All amounts in AUD unless otherwise stated • 146,100 tonnes copper plate produced during Phase 1 oxide pit 6.3 year life • Free cashflow of $544M • C1 Costs
Slide 7: Oxide Open Pit
Oxide Open Pit Optimised Final Design Shell 7
Slide 8: Oxide Open Pit with Conceptual LOM
Oxide Open Pit with Conceptual LOM Oxide Open Pit Stages of Mining within conceptual LOM Pit • Commenced LOM study • Advancing design optimisation and metallurgy • Sulphide resource1 33.9Mt at 1.8% copper • Sulphide metallurgical work has commenced • Long life open pit operation potential of +20 yea
Slide 9: Open Pit Physicals
Open Pit Physicals3,4 Restart Study – 25,000 tpa copper cathode operation including heap leach retreat and oxide open pit All amounts in AUD unless otherwise stated • Ore mined 8.8Mt at 0.87% copper • Total waste mined 52.9 Mt for a strip ratio of 6.0 to 1 • Recovery at 90% • Reagent consumption red
Slide 10: Retreat Physicals
Retreat Physicals3 Restart Study – 25,000 tpa copper cathode operation including heap leach retreat and oxide open pit All amounts in AUD unless otherwise stated • 17Mt retreated at a grade of 0.53% • Recoveries of 85% • Agglomeration demonstrates good permeability in residues following leach • Opti
Slide 11: Key Project Metrics
Key Project Metrics Planned Restart Project Layout • Pre-production capital of $149M • Maximum cash drawdown $193M • Positive engagement with Financiers now accessing final study and extensive data room • Operating cashflows of $823M • Free Cash Flows of $544M • NPV (7%) of $277M • IRR (after tax) o
Slide 12: Sensitivities
Sensitivities Restart Study – 25,000 tpa copper cathode operation including heap leach retreat and oxide open pit All amounts in AUD unless otherwise stated Sensitivities Base Case Sensitivity Cash Flow1 NPV2 IRR2 Cu Price AUD195m +12% USD9,000/t USD1,000 AUD101m Cu Price USD10,000/t AUD1,947m AUD37
Slide 13: Environmental Approvals
Environmental Approvals Amended Approvals for Restart completed and submitted • Government Approvals Lodged • State Agreement Amended Proposal to be lodged Submission Permit / Item Legislation Department Desription Date Lodged Status Department of Water & Works Approval and Licence Amended Prescribe
Slide 14: Opportunities
Opportunities Assays from 2021 drilling not included in current Mineral Resource Estimate • Update Mineral Resource due H1 2022 • Conversion of inferred resource within the pit envelope • Drill results in the South West and South East of the current pit5 • Metallurgical optimisation of reagents • Op
Slide 15: Nifty Project Timeline
Nifty | Project Timeline • Complete Restart Study • Commissioning • Submit Approvals • Open Pit mining underway • Continue Finance Process • Ore stacking underway • Mineral Resource Update • Sulphide metallurgy underway H2 2022 H2 2023 H1 2022 H1 2023 • Finance drawdown • Copper cathode production •
Slide 16: Appendices
APPENDICES APPENDICES 16
Slide 17: Board and Management
Board and Management A strong management team with experience in technically assessing, financing, building and operating successful copper mines Gary Comb Barry Cahill Nicholas Rowley Wayne Apted Peter van Luyt Non-Executive Chairman Managing Director Non-Executive Director CFO & Company Secretary
Slide 18: Nifty Copper Mine
Nifty Copper Mine Cyprium is focused on a near-term heap leach production strategy • Substantial Oxide and Sulphide Mineral Resource of over 732,000 tonnes of copper1 which remains open • Discovered by WMC in 1981 with open pit and heap leach operation exploiting oxides commencing in 1993 • Since co
Slide 19: Cyprium Working to the Strategy
Cyprium | Working to the Strategy Cyprium has completed the ground work to build a mid tier copper company • Nifty progressing at an accelerated rate to production Restart Study completed Finance process underway Government Approval documents lodged Finance then construct then operate to pro
Slide 20: Murchison Copper Project
Murchison Copper Project Hollandaire and Nanadie Well are complementary deposits that comprise the Murchison Copper Project • Murchison Copper Project is a resource development opportunity • Continued drilling success at Nanadie Well will form part of a Maiden JORC 2012 Mineral Resource Estimate, wh
Slide 21: Maroochydore Copper Project
Maroochydore Copper Project Potential to unlock value from a substantial copper resource • Diamond drilling completed for metallurgical testwork • Substantial shallow Oxide and Sulphide Mineral Resource of over 480,000 tonnes of copper1: − Originally discovered in 1984 − Mineralisation remains open
Slide 22: Paterson Exploration Project
Paterson Exploration Project Premier exploration destination in Australia - Cyprium leveraged to exploration success via Joint Venture with IGO • Exploration season has commenced, IGO Ltd (ASX: IGO) are completing; • Large regional soil sampling program • Air-core drilling of priority targets − Larg
Slide 23: Mineral Resource Estimate / Competent Persons Statement
Mineral Resource Estimate /Competent Persons Statement HOLLANDAIRE - 2012 JORC MINERAL RESOURCE ESTIMATE 1 NIFTY COPPER OPERATION - MINERAL RESOURCE ESTIMATE AT NOVEMBER 2021 2 Resource Ore Cut-Off Measured Indicated Inferred Total Material type Volume Tonnes Cu % Cu Tonnes Au g/t Au Ounces Ag g/t A
Slide 24: Cyprium Metals Limited contact details
Cyprium Metals Limited 1 / 437 Roberts Road Subiaco WA 6008 T +61 8 6374 1550 E info@cypriummetals.com