Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (November 2022)
50 slides from Cyprium Metals's investor presentation, Nov 2, 2022
Slide 1: Investor Presentation November 2022
For personal use only INVESTOR PRESENTATION NOVEMBER 2022 www.cypriummetals.com
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER For personal use only 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
Slide 3: Cautionary Statement
CAUTIONARY STATEMENT For personal use only 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 i
Slide 4: Overview
For personal use only OVERVIEW COPPER MARKET NIFTY COPPER MINE DEVELOPMENT PROJECTS APPENDIX 4 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 5: Who is Cyprium Metals?
WHO IS CYPRIUM METALS? For personal use only AUSTRALIAN COPPER DEVELOPER • Cyprium Metals formed in June 2019 with the strategy of developing copper projects in Australia • First transaction in 2019 was an earn-in and JV of the Hollandaire Copper Project, a shallow high grade copper sulphide resourc
Slide 6: Copper Developer Peer Comparison
COPPER DEVELOPER PEER COMPARISON For personal use only Contained Copper mineral resources in Australian projects1 2.50 Bubble size according to copper metal contained in mineral El oi se, A1M resource. Minimum 34,000 t metal content to be displayed. Coba r Superbasin, PEX Jervoi s , KGL Col l erina,
Slide 7: Corporate Overview
CORPORATE OVERVIEW For personal use only Corporate snapshot Share price performance Share price (19 October 2022) AU$ 0.07/share Shares on Issue 730.2 million Performance rights 58.2 million Options 26.3 million Market capitalization AU$ 51 million Cash (30 June 2022) AU$ 19 million Debt AU$ 36 mill
Slide 8: Board of Directors
BOARD OF DIRECTORS For personal use only GARY COMB NICHOLAS ROWLEY BARRY CAHILL WAYNE APTED Non-Executive Chairman Non-Executive Director Managing Director CFO & Company Secretary • Mr Comb is an engineer with over • Mr Rowley is an experienced • Mr Cahill is a mining engineer • Mr Apted is a charte
Slide 9: Corporate Structure
CORPORATE STRUCTURE For personal use only Corporate structure Cyprium Metals Limited PT Indonusa Cyprium Mining Services Cyprium Cyprium Paterson Copper Australia Pty Ltd (Dormant Metallurgy Pty Ltd Services Pty Ltd Pty Ltd Indonesian Entity) Nifty Copper Pty Maroochydore Ltd Copper Pty Ltd Nifty Co
Slide 10: Cyprium Metals – Restarting the Production from Nifty
CYPRIUM METALS – RESTARTING THE PRODUCTION FROM NIFTY For personal use only Comments Located in a tier-1 mining jurisdiction Key project numbers (Phase 1) • Cyprium Metals is an ASX listed mining company H1 2024 Commissioning • Cyprium is focused on delivering an expedited development 6.3 Years time
Slide 11: Experienced Management Team and Organization
EXPERIENCED MANAGEMENT TEAM AND ORGANIZATION For personal use only Management with extensive mining experience Experienced mining organization • Mining professionals growing to 56 during peak construction to develop and operate the Nifty Copper Project • Extensive project execution experience BARRY
Slide 12: Copper Market
For personal use only OVERVIEW COPPER MARKET NIFTY COPPER MINE DEVELOPMENT PROJECTS APPENDIX 12 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 13: Copper Is a Critical Mineral in the Green Transition
COPPER IS A CRITICAL MINERAL IN THE GREEN TRANSITION For personal use only Copper has the superior properties that require its use across multiple clean energy platforms Copper connects and delivers clean energy1 Copper has properties that make it the critical material1 SOLAR WIND EV CONDUCTIVITY DU
Slide 14: Copper Is a Key Component in Solar, Wind and EV Production
COPPER IS A KEY COMPONENT IN SOLAR, WIND AND EV PRODUCTION For personal use only Solar PV power Wind power EV sales as % generation (TWh)1 generation (TWh)1 of global market share2 72% 8,008 6,970 1,592 821 5% 2020 2030 2020 2030 2020 2030 • There are approximately ~5 metric • A 3 megawatt wind turb
Slide 15: Global Copper Mine Production and End Use Segment
GLOBAL COPPER MINE PRODUCTION AND END USE SEGMENT For personal use only Comments Global copper mine production vs copper use - 2020-20271 • Due to modernisation and the energy transition, refined Cu use is projected to grow 3.2 percent to 26 Mt in 2022 from 2021 levels. Demand is estimated to rise a
Slide 16: Global Copper Mine Production and End Use Segment
GLOBAL COPPER MINE PRODUCTION AND END USE SEGMENT For personal use only Comments 2021 Global copper mine production by country1 • In 2021, global annual mined copper production was 21.2Mt, an increase of 2.4% on 2020. Global mine production is forecast to reach 23.1Mt in 2022, an 8.7% increase to 20
Slide 17: Global Copper Discoveries and New Supply
GLOBAL COPPER DISCOVERIES AND NEW SUPPLY For personal use only Comments 2021 Global copper mine production by country2 • Growth from existing and new projects are impacted by ore grade declines, resource depletion, rising costs, permitting, skilled labour, energy & water availability1 • Higher price
Slide 18: Market Expects Copper Prices to Increase
MARKET EXPECTS COPPER PRICES TO INCREASE For personal use only LME Cash Price in AU$/t since Nifty Acquisition March 20211 LME Cash Price in AU$/t since Nifty Acquisition in March 2021 Restart Study A$/t LME Cash Price AU$/t 15,000 14,000 13,000 12,000 11,000 10,000 Mar Apr May Jun Jul Aug Sep Oct N
Slide 19: Nifty Copper Mine
For personal use only TRANSACTION OVERVIEW COPPER MARKET NIFTY COPPER MINE DEVELOPMENT PROJECTS APPENDIX 19 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 20: Nifty Copper Mine – Site Layout
NIFTY COPPER MINE – SITE LAYOUT For personal use only Tailings Dam Decline & Conveyor Boxcut Waste Dumps Processing Plant Mine Village Open Pit Waste Water Treatment Facility Heap Leach Pads Gas Pipeline Airstrip Solution Ponds SX EW Plant Power Plant 20 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN
Slide 21: Brief History of Nifty
BRIEF HISTORY OF NIFTY For personal use only History Historical production and copper prices • Nifty commenced as an open pit, oxide heap leach SX-EW operation, (tpa) US$/mt producing copper cathode from 1993-2009 under Western Mining Annual copper cathode production Annual copper in concentrate pro
Slide 22: Copper Heap Leaching (SX-EW)
COPPER HEAP LEACHING For personal use only (SX-EW - SOLVENT EXTRACTION ELECTROWINNING) What is heap leaching? Typical HL process involves the following steps • Heap leaching (HL) is a flexible and constantly improving • Mine, crush and agglomerate the ore mineral processing and extraction technology
Slide 23: Nifty Processing Flow Sheet
NIFTY PROCESSING FLOW SHEET For personal use only Agglomeration Leach FRESH Reagents Reagents ORE (ROM) PLS Extraction SX Stages RAFFINATE Fresh Ore SOLUTION 2 trains in series parallel SOLUTION Fresh Ore Crushing Plant Fresh Ore Leach Pads Agglomeration Agglomerated (2 Stages) Ore to Fresh Ore Wash
Slide 24: Nifty – Capital Cost Estimate
NIFTY – CAPITAL COST ESTIMATE For personal use only Projected development capital expenditure (AU$M) Breakdown of capital expenditure AU$M Monthly development capex (LHS) Cumulative development capex (RHS) AU$M Capex item AU$M General and supporting infrastructure 15.0 20 160 Process Plant 97.7 - Cr
Slide 25: Nifty – Done It Before
NIFTY – DONE IT BEFORE For personal use only Comments Wetar LME Grade A copper metal cathode (>99.99% Cu) • Management completed the construction and operation of the Wetar Copper Project in Eastern Indonesia with Finders Resources • Project located on a remote island with only sea access and diffic
Slide 26: Nifty Finance
NIFTY FINANCE For personal use only Comments • Finance process well advanced with various parties • Finance data room is open and due diligence by parties is well advanced – Restart Study and supporting documentation – Financial model – Technical DD documents – Commercial DD documents – Legal DD doc
Slide 27: Nifty Copper Project Approvals & Licenses
NIFTY COPPER PROJECT APPROVALS & LICENSES For personal use only NIFTY COPPER PROJECT APPROVALS Department Permit / Item Description Status Date Lodged Approved Works Approval and Licence Amended Prescribed Activities Licence to enable processing Application accepted and 8th March 2022 4th May 2022 D
Slide 28: Nifty Project Timeline
PHASE 1 NIFTY PROJECT TIMELINE For personal use only H1 H2 H1 2022 2023 2023 2024 Complete Restart Study • Finance Drawdown • Commissioning • COPPER Submit Approvals • Final Approvals Received • Open pit Mining CATHODE Continue Finance Process • Construction Underway Underway PRODUCTION • Final Open
Slide 29: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE For personal use only Environment Social Governance Greenhouse Gas Emissions Part IV/EPA • Environmental Protection Authority (EPA) services • No sites of significance for Aboriginal heritage • The Company as a listed entity, at the Department of Water and Enviro
Slide 30: Nifty Copper Project – Carbon Intensity Performance
NIFTY COPPER PROJECT – CARBON INTENSITY PERFORMANCE For personal use only Baseline Carbon Emissions • Copper is produced as either an intermediary product (‘concentrate’) or as finished plated product (‘cathode’) via SX-EW” or smelting & electrorefining • Nifty production baseline level is 3.4t CO2-
Slide 31: Nifty Copper SX-EW Restart
NIFTY COPPER SX-EW RESTART For personal use only Nifty Copper SX-EW – Restart Study Results Contained Copper: Annual Copper Cathode Cu Grade: Offtake agreements: 732kt Production: 0.65% Copper Cathode (940kt post study2) 25kt easily sold into Asia Target production Nifty Restart NPV1: Nifty Restart
Slide 32: Heap Leach Retreatment
HEAP LEACH RETREATMENT For personal use only Ore Screening, Crushing & Agglomeration Equipment for Overview of heap leach retreatment Refurbishment • Heap leach operations commenced at Nifty in 1993 and ceased in 2009 • Due to previous issues with prior operators, the heap leach pads still contain a
Slide 33: Heap Leach Retreatment
HEAP LEACH RETREATMENT For personal use only Retreat Heap Leach Fresh Ore Crusher Flow Chart. Fresh Ore Overland Conveyor Retreat Ore Proposed Pit Retreat Ore (from screening and Fresh Ore Leach Pads Stage 1 existing Leach Pads) crushing (single stage) Retreat Agglomeration Fresh Ore stacking system
Slide 34: Phase 1 – Oxide Open Pit Mining Operations
PHASE 1 – OXIDE OPEN PIT MINING OPERATIONS For personal use only Overview of open pit mining operations Nifty Open Pit • Mining operations for Phase 1 at Nifty will involve resumption of open pit operations only • Nifty mineralisation is well understood and there will be a staged approach to mining
Slide 35: Phase 1 – Open Pit Mining Operations
PHASE 1 – OPEN PIT MINING OPERATIONS For personal use only Overview of Phase 1 – Open Pit Mining Operations • The mining sequence for the open pit divides the open pit into East and West cutbacks • The eastern cutback will be developed first to access higher grade ore near surface. • In Phase 1, oxi
Slide 36: Site Infrastructure
SITE INFRASTRUCTURE For personal use only Nifty has a fully sealed 2.1km airstrip that is capable Nifty generates its own power from a gas fired of landing commercial passenger jets (up to 108 seat captive General Electric 21MW power plant. F100 & E190 jet aircraft). Nifty also has on standby two 2.
Slide 37: Nifty – Project Logistics
NIFTY – PROJECT LOGISTICS For personal use only Overview of Nifty logistics infrastructure Location of Nifty Copper Mine • Access to the Nifty Copper mine from the major export port of Port Hedland, is via existing road infrastructure. Nifty is approximately 330km southeast of Port Hedland. • The Gr
Slide 38: Development Projects
For personal use only OVERVIEW COPPER MARKET NIFTY COPPER MINE DEVELOPMENT PROJECTS APPENDIX 38 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 39: Murchison Copper Project
MURCHISON COPPER PROJECT For personal use only 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
Slide 40: Maroochydore Copper Project
MAROOCHYDORE COPPER PROJECT For personal use only 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 copper: • Mineralisation remains open along strik
Slide 41: Paterson Exploration Project
PATERSON EXPLORATION PROJECT For personal use only Premier exploration destination in Australia - Cyprium leveraged to exploration success via JV with IGO Ltd • Exploration has commenced, IGO Ltd (ASX: IGO) • Large & highly prospective position in the Paterson Province, adjacent to Nifty processing
Slide 42: Appendix
For personal use only TRANSACTION OVERVIEW COPPER MARKET NIFTY COPPER MINE APPENDIX 42 Cyprium | Investor presentation - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 43: Acquisition of Paterson Copper Pty Ltd
ACQUISITION OF PATERSON COPPER PTY LTD For personal use only Comments Cyprium acquired 100% of Paterson Copper Pty Ltd • Cyprium executed a Share Sale Agreement to acquire 100% of Paterson Copper Pty Ltd from Metals X Paterson Copper – Total consideration payable of AU$ 64M Pty Ltd • Financed with A
Slide 44: EPCM Contractor
EPCM CONTRACTOR For personal use only CPC Engineering Overview CPC Engineering (“CPC”) is a privately owned engineering company providing end-to-end mining and infrastructure services across a range of commodities with international and domestic experience. • CPC Engineering (“CPC”) has been awarded
Slide 45: Mineral Resource Estimates
MINERAL RESOURCE ESTIMATES For personal use only NIFTY COPPER OPERATION - MINERAL RESOURCE ESTIMATE AT MAY 2022 2 MAROOCHYDORE - MINERAL RESOURCE ESTIMATE AT 31 MARCH 2016 3 Cut-off Measured Indicated Inferred Total Ore Indicated Inferred Total Ore Source Ore Grade Metal Ore Grade Metal Ore Grade Me
Slide 46: Mineral Resource Estimates
MINERAL RESOURCE ESTIMATES For personal use only HOLLANDAIRE - 2012 JORC MINERAL RESOURCE ESTIMATE 1 NANADIE WELL - 2012 JORC MINERAL RESOURCE ESTIMATE 4 Resource Grade Metal Grade Metal Grade Metal Material type Volume Tonnes Cu % Cu Tonnes Au g/t Au Ounces Ag g/t Ag Ounces Resource Category Materi
Slide 47: Copper Usage/Consumption Growth
COPPER USAGE/CONSUMPTION GROWTH For personal use only 47 CYPRIUM | INVESTOR PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | NOVEMBER 2022
Slide 48: Copper Developer Peer Comparison
COPPER DEVELOPER PEER COMPARISON For personal use only Contained Copper mineral resources in Australian projects1 Primary ASX Mineral Resource Contained Cu Contained Contained Label Project CommodityStage Code Operator As of Date Tonnes Total Cu% Metal M&I Tonnes Cu% Cu Metal Inferred Cu% Cu Metal C
Slide 49: Copper Developer Peer Comparison – Sources
COPPER DEVELOPER PEER COMPARISON For personal use only Contained Copper mineral resources in Australian projects1 Primary ASX Label Project Commodity Stage Code Ope rator Date SOURCE Page Link Caravel, CVV Caravel Copper PFS completed Jul 2022 CVV Caravel Minerals Limited 12-Jul-22 PFS results 12 ht
Slide 50: Thank You – Contact Us
For personal use only THANKYOU Contact Us Registered Office & Principal Place of Business Unit 1, 437 Roberts Road Subiaco WA 6008 Australia Telephone +61 8 6374 1550 www.cypriummetals.com
Cyprium Metals — Investor Presentation (November 2022) on 6ix