Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (July 2023)
28 slides from Cyprium Metals's investor presentation, Jul 13, 2023
Slide 1: Investor Presentation July 2023
For personal use only INVESTOR PRESENTATION JULY 2023 NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES www.cypriummetals.com
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER IMPORTANT: You must read the following before continuing. This Financing Presentation (“Presentation”) has been prepared by Cyprium Metals Limited (ABN 48 002 678 640) (“Cyprium” or “Company”). Summary information By reviewing or retaining these materials, or attendi
Slide 3: Vision Statement
VISION STATEMENT Cyprium Vision: For personal use only “To become a significant profitable mid-tier copper producer with a multi-asset strategy set to capitalise on the global electrification thematic.” 3 CYPRIUM | FINANCING PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | JULY 2023
Slide 4: Who is Cyprium Metals?
WHO IS CYPRIUM METALS? AUSTRALIAN COPPER DEVELOPER Located in a tier-1 mining jurisdiction • Attractive portfolio of 3 copper projects in Western Australia with a Mineral Resource of +1.6 million tonnes of contained copper For personal use only • Flagship project is the 100% owned brownfield Nifty C
Slide 5: The Nifty Strategy
THE NIFTY STRATEGY Restart the Nifty operation with lower capital intensity and risk by developing a large-scale open cut mine utilising its significant sunk capital infrastructure in order to unlock Nifty’s +15 year, +900Kt copper resource. For personal use only Oxide processing within 1 year of FI
Slide 6: Nifty Execution Plan – Indicative Timeline
NIFTY EXECUTION PLAN – INDICATIVE TIMELINE 1 Month 3 Month 6 Month 12 Month 18 Month 24 Year 3 Year 4 (Year 1) (Year 1) (Year 1) (Year 2) (Year 2) Cathode Production For personal use only Execution Plan (updated costs) Integrated Scoping Study (Oxide & Sulphide) SX EW Production & Development/ Cu Me
Slide 7: Existing Board of Directors & Senior Management
EXISTING BOARD OF DIRECTORS & SENIOR MANAGEMENT For personal use only GARY COMB JOHN FEATHERBY CLIVE DONNER BARRY CAHILL WAYNE APTED MILAN JERKOVIC Non-Executive Director Proposed Managing Outgoing Managing CFO & Company Non-Executive Chairman Proposed COO Director Director Secretary • Mr Comb is an
Slide 8: Equity Raising Summary
EQUITY RAISING SUMMARY • A$24.0 million conditional placement (“Placement”), subject to shareholder approval being obtained at an Extraordinary General Meeting (EGM) currently expected to take place before the end of August 2023, and the Company being able to satisfy ASX conditions for re-quotation
Slide 9: Indicative Equity Raising Timetable
INDICATIVE EQUITY RAISING TIMETABLE Event Date ASX Announcement of the Placement and Entitlement Offer (ASX suspension continues) Wednesday, 12 July 2023 Dispatch of Notice of Meeting Tuesday, 25 July 2023 Date of General Meeting Thursday, 24 August 2023 Anticipated Lodgement of Prospectus with the
Slide 10: Summary
SUMMARY • Equity Raising provides Cyprium with the funds required to complete an integrated scoping study (oxide and sulphide) ahead of financing and FID • Additional debt funding available for drawdown provides additional liquidity1 • Strengthened Board and executive team to deliver execution and g
Slide 11: Additional Information
For personal use only ADDITIONAL INFORMATION 11 CYPRIUM | FINANCING PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | JULY 2023
Slide 12: Nifty Copper Mine – Site Layout
NIFTY COPPER MINE – SITE LAYOUT Permitted Tailings Dam For personal use only Waste Dumps 2.8Mtpa Sulphide Concentrator 400 person Mine Village Open Pit Waste Water Offices and Workshops Treatment Facility Heap Leach Pads Gas Pipeline Solution Ponds Bitumen All Weather Airstrip 25,000 tpa SX EW Plant
Slide 13: Copper Developer Peer Comparison
COPPER DEVELOPER PEER COMPARISON Contained Copper Mineral Resources in Australian Projects1 For personal use only 1. Refer to Appendix and https://cypriummetals.com/investor-centre/analyst-research-reports/ 13 CYPRIUM | FINANCING PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | JULY 2023 Right
Slide 14: Brief History of Nifty
BRIEF HISTORY OF NIFTY History Historical production and copper prices • Nifty produced 720,000 tonnes of copper Annual copper cathode production Annual copper in concentrate production Grade between 1993 and 2019 from a single orebody (tpa) % Cu under the stewardship of 4 different companies For pe
Slide 15: Paterson Exploration Project
PATERSON EXPLORATION PROJECT Premier exploration destination in Australia - Cyprium leveraged to exploration success via JV with IGO Ltd • Large & highly prospective position in the Paterson Province, adjacent to Nifty processing For personal use only infrastructure • IGO can sole fund AU$32 million
Slide 16: Maroochydore Copper Project
MAROOCHYDORE COPPER PROJECT Potential to unlock value from a substantial copper resource • Substantial shallow Oxide and Sulphide Mineral Resource of over 480,000 tonnes of copper For personal use only • Mineralisation remains open along strike >3km and down-dip • Diamond drilling completed for meta
Slide 17: Murchison Copper Project
MURCHISON COPPER PROJECT Hollandaire and Nanadie Well are complementary deposits that comprise the Murchison Copper Project • Murchison Copper Project is a shallow resource development opportunity For personal use only • Cue Copper Project located ~20km east of Cue Township • Hollandaire Mineral Res
Slide 18: Appendix
For personal use only APPENDIX 18 CYPRIUM | FINANCING PRESENTATION - BUILDING AN AUSTRALIAN COPPER COMPANY | JULY 2023
Slide 19: Mineral Resource Estimates - Nifty
MINERAL RESOURCE ESTIMATES - NIFTY NIFTY COPPER OPERATION - MINERAL RESOURCE ESTIMATE AT MAY 2022 2 Cut-off Measured Indicated Inferred Total Ore Source Ore Grade Metal Ore Grade Metal Ore Grade Metal Ore Grade Metal %Cu Mt %Cu t Cu Mt %Cu t Cu Mt %Cu t Cu Mt %Cu t Cu Oxide 0.25 1.6 0.9 13,600 0.7 0
Slide 20: Mineral Resource Estimates - Maroochydore
MINERAL RESOURCE ESTIMATES - MAROOCHYDORE MAROOCHYDORE - MINERAL RESOURCE ESTIMATE AT 31 MARCH 2016 3 Ore Indicated Inferred Total Source Ore Gra de Conta i ned Ore Gra de Conta i ned Ore Grade Contained (Mt) (% Cu) (t Cu) (Mt) (% Cu) (t Cu) (Mt) (% Cu) (t Cu) For personal use only Sul phi de - - -
Slide 21: Mineral Resource Estimates – Hollandaire / Nanadie Well
MINERAL RESOURCE ESTIMATES – HOLLANDAIRE / NANDIE WELL 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
Slide 22: Nifty Copper Project Approvals & Licenses
NIFTY COPPER PROJECT APPROVALS & LICENSES NIFTY COPPER PROJECT APPROVALS Department Permit / Item Description Status Date Lodged Approved Works Approval and Licence Amended Prescribed Activities Licence to enable processing Approved 8th March 2022 4th August 2022 Department of Water & Environmental
Slide 23: Copper Developer Peer Comparison
COPPER DEVELOPER PEER COMPARISON 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 CYPRIUM MRE COMBINED Cy
Slide 24: Copper Developer Peer Comparison
COPPER DEVELOPER PEER COMPARISON Contained Copper mineral resources in Australian projects1 Primary ASX Label Project Commodity Stage Code Operator Date SOURCE Page Link Caravel, CVV Caravel Copper PFS completed Jul 2022 CVV Caravel Minerals Limited 12-Jul-22 PFS results 12 https://cdn-api.markitdig
Slide 25: Key Risks
KEY RISKS There are various risks associated with an investment in New Shares and in the Company generally, as with any securities market investment. This slide and the next slide summarise the key risks for the Company, which include specific existing business and operational risks for the Company.
Slide 26: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any
Slide 27: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in co
Slide 28: Thank You – Contact Us
For personal use only THANKYOU Contact Us Registered Office & Principal Place of Business Level 1 437 Roberts Road Unit 1, Subiaco WA 6008 Australia Telephone +61 8 6374 1550 www.cypriummetals.com