Slide 1: Unlocking Value at Nifty Copper Complex
For personal use only UNLOCKING VALUE AT NIFTY COPPER COMPLEX NEAR-TERM CATHODE PRODUCER NOOSA MINING PRESENTATION | 13 NOVEMBER 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 CYM 12MTH SHARE PRICE CHART Share Price (as of 10 November 2025) A$0.375 Share Price (A$) Volume (M) 0.60 Shares on issue (post consolidation) 492m 0.50 Market Capitalisation A$184
Slide 4: Asset Base for Australia's Next Great Copper Company
ASSET BASE FOR AUSTRALIA’S NEXT GREAT COPPER COMPANY Western Australia copper assets in the Paterson Province PATERSON NIFTY COPPER COMPLEX MAROOCHYDORE EXPLORATION For personal use only – Prolific copper producer with 720,000 – Large copper-cobalt resource 80km - 1,938km2 of exploration tenure tonn
Slide 5: Nifty Copper Complex: Prolific Producer at Midlife
NIFTY COPPER COMPLEX: PROLIFIC PRODUCER AT MIDLIFE Historic mining pursued shallow oxides and very high-grade underground, leaving substantial reserves for new surface mine 220,000 Tonnes of Cu Cathode Nifty: Sedimentary-hosted Copper Orebody via Heap Leach Surface Oxides (’93-’06) Oxides mined from
Slide 6: Phase 1: Restart Copper Cathode Production
PHASE 1: RESTART COPPER CATHODE PRODUCTION Copper cathode plant (SXEW): up to 25,000 tonnes of productive capacity For personal use only PFS Outlined Restoring Plant and re-leaching heaps - Significant prior investment to bring to “ready for restart” enables low cost and rapid refurb - Find/replace
Slide 7: Fast Track to Cash Flow: Restart Copper Cathode Production
FAST TRACK TO CASH FLOW: RESTART COPPER CATHODE PRODUCTION PFS PROJECT METRICS (November 2024) PRODUCTION (KT) & PRE-TAX FCF (A$M) – PFS Case Development capital A$30m Capitalised operating costs A$16m For personal use only 5.4 6.2 6.0 Construction and commissioning 3.9 2.9 ~7-8 months time Average
Slide 8: 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 For personal use only “Send to Market, “Ready
Slide 9: 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 For personal use only Master Contract, Sit
Slide 10: Nifty Copper Complex Cathode Restart Project
Sx CYPRIUM ee, ETALS Lite Bacrte e A NIFTY COPPER SOMeLEX CATHODE RESTART PROJECT ASX: CYM
Slide 11: Phase 2: Restart Open Pit
PHASE 2: RESTART OPEN PIT 2.8-3.0Mtpa conventional mill, has float capacity to produce up to 50,000 tonnes of metal in concentrate from sulphide ores For personal use only PFS Studied Refurbishment and Expansion - Estimated restart of concentrator at existing capacity $35 million capital, <1 yr - Ex
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 For personal use only 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 pr
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 For personal use only – S
Slide 14: 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 15: Contact
CONTACT For personal use only 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 Te