Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (October 2025)
21 slides from Cyprium Metals's investor presentation, October 2025
Slide 1: Unlocking Value at Nifty Copper Complex
UNLOCKING VALUE AT NIFTY COPPER COMPLEX NEAR-TERM CATHODE PRODUCER INVESTOR PRESENTATION | OCTOBER 2025 www.cypriummetals.com www.cypriummetals.com
Slide 2: Acceleration of Nifty Copper Complex Restart
ACCELERATION OF NIFTY COPPER COMPLEX RESTART Executing at speed to capitalize on asymmetric opportunity 1 Nifty, a former prolific producer currently at midlife, is a company-making asset with brownfield advantages of cost, time and scale – Early shutdown of SXEW left an above-ground heap leach JORC
Slide 3: Cyprium Metals Snapshot (ASX: CYM)
CYPRIUM METALS SNAPSHOT (ASX: CYM) Brownfield restart of prolific copper complex in Western Australia CORPORATE SUMMARY (Pro forma, pre-consolidation)1 CYM 12MTH SHARE PRICE CHART Share Price (as of 20 October 2025) A$0.038 Share Price (A$) Volume (M) 0.050 50.0 Shares on issue 4,922m Millions Marke
Slide 4: Asset Base for Australia's Next Great Copper Company
ASSET BASE FOR AUSTRALIA’S NEXT GREAT COPPER COMPANY Western Australia copper assets in the Paterson Province PATERSON NIFTY COPPER COMPLEX MAROOCHYDORE EXPLORATION – Prolific copper producer with 720,000 – Large copper-cobalt resource 80km - 1,938km2 of exploration tenure tonnes produced from Nifty
Slide 5: Nifty Copper Complex: Prolific Producer at Midlife
NIFTY COPPER COMPLEX: PROLIFIC PRODUCER AT MIDLIFE Historic mining pursued shallow oxides and very high-grade underground, leaving substantial reserves for new surface mine 220,000 Tonnes of Cu Cathode Nifty: Sedimentary-hosted Copper Orebody via Heap Leach Surface Oxides (’93-’06) Oxides mined from
Slide 6: What's Left: Asset-Rich Brownfield with Large Reserves
WHAT’S LEFT: ASSET-RICH BROWNFIELD WITH LARGE RESERVES Change in mining method and higher metal prices enable new and extended life 83Mt reserve at 0.9% Cu for 750kt contained copper remains 2 in zone between the oxide open pit and the underground mine, adjacent existing concentrator2 Underground wo
Slide 7: Phase 1: Restart Copper Cathode Production
PHASE 1: RESTART COPPER CATHODE PRODUCTION Copper cathode plant (SXEW): up to 25,000 tonnes of productive capacity PFS Outlined Restoring Plant and re-leaching heaps - Significant prior investment to bring to “ready for restart” enables low cost and rapid refurb - Find/replace electrical, pump, moto
Slide 8: Fast Track to Cash Flow: Restart Copper Cathode Production
FAST TRACK TO CASH FLOW: RESTART COPPER CATHODE PRODUCTION PFS PROJECT METRICS (November 2024) PRODUCTION (KT) & PRE-TAX FCF (A$M) – PFS Case Development capital A$30m Capitalised operating costs A$16m 5.4 6.2 6.0 Construction and commissioning 3.9 2.9 ~7-8 months time Average production Cu 6ktpa 57
Slide 9: Four Key Focus Areas
FOUR KEY FOCUS AREAS Site reactivation and resumption of production breakdown HEAP LEACH HEAP LEACH PLANT OPERATIONAL INFRASTRUCTURE COMMISSIONING REFURBISHEMNT READINESS Drains & Ponds Acid delivery to heap SXEW Readiness General Team and Site Readiness “Send to Market, “Ready to Leach” “Ready to R
Slide 10: Cathode Restart Team Has Deep Project Knowledge
CATHODE RESTART TEAM HAS DEEP PROJECT KNOWLEDGE Nifty’s Cathode Phase was a key training ground for many of today’s hydrometallurgical experts Role Relevant Experience Owner, Commercials, Site Specific Nifty cathode operations Operating Model, Environmental Master Contract, Site operations from earl
Slide 11: Phase 2: Restart Concentrate Production
PHASE 2: RESTART CONCENTRATE PRODUCTION 2.8-3.0Mtpa conventional mill, has float capacity to produce up to 50,000 tonnes of metal in concentrate from sulphide ores PFS Studied Refurbishment and Expansion - Estimated restart of concentrator at existing capacity $35 million capital, <1 yr - Expansion
Slide 12: Large Value Driver: Extend Open Pit, Restart Concentrator
LARGE VALUE DRIVER: EXTEND OPEN PIT, RESTART CONCENTRATOR PFS PROJECT METRICS COPPER IN CONCENTRATE PRODUCTION Development capital A$239m kt 50 Capitalised operating costs A$173m 45 46 46 46 Construction time ~17-20 months 40 43 44 44 41 41 35 39 39 34 35 35 35 30 33 Average production Cu 39 ktpa 25
Slide 13: Continued Delivery of Focused Plan
CONTINUED DELIVERY OF FOCUSED PLAN Value unlock comes through executing simple plans at pace and with strong partners 2024-2025 ACHIEVEMENTS TO DATE – Refinanced balance sheet – Developed forward plan based on upgrade of all relevant information – 3x MRE, concept study, PFS – Strengthened Board and
Slide 14: Supplementary Material
SUPPLEMENTARY MATERIAL 14 CYPRIUM | INVESTOR PRESENTATION | OCTOBER 2025
Slide 15: New Copper Demand Drivers Are Accelerating
NEW COPPER DEMAND DRIVERS ARE ACCELERATING Copper is no longer about auto sales and housing starts, and demand growth is happening now European Electrical Grid Investment (Eur Bn) Global Datacenter Capacity Demand ‘Continued momentum’ scenario, gigawatts 88 68 59 52 46 2020 2021 2022 2023 2024 Goldm
Slide 16: All Signals Show Structural Need for Supply
ALL SIGNALS SHOW STRUCTURAL NEED FOR SUPPLY Benchmark Concentrate Terms LME Copper (Cash) Closing Price (USD) (USD) 11,000 $88 $80 $60 $65 10,500 $21 10,000 2021 2022 2023 2024 2025 9,500 Cathode Premium (Aurubis) 9,000 (USD) 8,500 $315 $228 $228 8,000 $198 $118 2021 2022 2023 2024 2025 16 CYPRIUM |
Slide 17: Mine Disruptions Highlights Supply Fragility
MINE DISRUPTIONS HIGHLIGHTS SUPPLY FRAGILITY This is a great time to be bringing Nifty back into production 17 CYPRIUM | INVESTOR PRESENTATION | OCTOBER 2025
Slide 18: Where Are the Other Big Copper Opportunities?
WHERE ARE THE OTHER BIG COPPER OPPORTUNITIES? Selected recent transactions show that Australian developers and producers with scale and longevity have material strategic value Bastion Mining to acquire Kinterra to acquire Harmony Gold to acquire Metals Xanadu Mines New World Resources Acquisition Co
Slide 19: Maroochydore Rediscovered
MAROOCHYDORE REDISCOVERED Globally significant copper resource in Paterson district within haul distance to Nifty 370.8Mt @ 0.43% Cu, 227 ppm Co 106.3Mt @ 0.67% Cu, 308 ppm Co Sedimentary copper Higher-grade domain Inferred resources Higher-grade zone within inferred mineralisation style Will be fur
Slide 20: Disclaimers and Forward-Looking Statements
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS 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”) and authorised for release by the Executive Chair of Cyprium. Sum
Slide 21: Contact
CONTACT Angus Miles Corporate Development and Investor Relations communications@cypriummetals.com +61 8 6374 1550 Dannika Warburton Investor & Media Relations investors@investability.com.au +61 401 094 261 Registered Office Level 1, 437 Roberts Road Subiaco WA 6008 Australia Telephone +61 8 6374 155
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