Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Shareholder Meeting (May 2022)
21 slides from Cyprium Metals's shareholder meeting presentation, May 31, 2022
Slide 1: Building an Australian Copper Company
BUILDING AN AUSTRALIAN COPPER COMPANY CYM AGM Presentation 2022 May 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 +1.4Mt1
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 located in Western Australia • Focussed on the near-term development of Nifty open pit he
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: 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 8: Advances since the Study
Advances since the Study Restart Study – 25,000 tpa copper cathode operation including heap leach retreat and oxide open pit All amounts in AUD unless otherwise stated • MRE with Nifty West drilling completed1 - Inventory upgraded by 28.4% • Nifty is the 6th largest copper development project in Aus
Slide 9: 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 79.0Mt at 1.0% copper • Sulphide metallurgical work has commenced • Long life open pit operation potential of +20 yea
Slide 10: Nifty Progress
Nifty Progress • Legacy site issues resolved • Scrap material being sorted, disposed • Large store inventory being organised and sorted • Concrete batching plant refurbished • SX-EW clean up and refurbishment • Accommodation refurbishment • Operational readiness underway • Site training underway • A
Slide 11: Nifty Progress
Nifty Progress 11
Slide 12: Environmental Approvals
Environmental Approvals Amended Approvals for Restart completed and submitted • Government Approvals Lodged • State Agreement Amended Proposal to be lodged post finance Submission Date Permit/Item Legislation Department Description Status Lodged/Approved Application Works Approval and Department of
Slide 13: Nifty Finance Progress
Nifty Finance Progress • Finance data room open • Due diligence nearing completion • Initial documentation commenced • Discussions advanced with counterparties • Includes capital, contingencies, working capital and financing costs • Various parties and finance packages • Target is complete package b
Slide 14: 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 well advanced ✓ Government Approval documents lodged and approvals being completed ✓ Finance
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: 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 18: 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 19: 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 20: 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 MAY 2022 2 Resource Cut-off Measured Indicated Inferred Total Material type Volume Tonnes Cu % Cu Tonnes Au g/t Au Ounces Ag g/t Ag Ounces
Slide 21: Cyprium Metals Limited
Cyprium Metals Limited 1 / 437 Roberts Road Subiaco WA 6008 T +61 8 6374 1550 E info@cypriummetals.com