Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Shareholder Meeting (May 2024)
21 slides from Cyprium Metals's shareholder meeting presentation, May 28, 2024
Slide 1: Annual General Meeting Presentation
For personal use only ANNUAL GENERAL MEETING PRESENTATION 28 MAY 2024 www.cypriummetals.com
Slide 2: Disclaimers and Forward-Looking Statements
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS IMPORTANT: You must read the following before continuing. This Shareholder Update Presentation (“Presentation”) has been prepared by Cyprium Metals Limited (ABN 48 002 678 640) (“Cyprium” or “Company”) and authorised for release to ASX by the Board of Direc
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY For personal use only Cyprium recognises and respects the Traditional Custodians of the lands where we conduct our business. We acknowledge the profound spiritual and cultural significance these lands hold for their ancestral owners. We are committed to fostering enduring
Slide 4: Simple Execution Story
SIMPLE EXECUTION STORY Large scale copper resource, low risk project re-start § We are very focused on delivering the “next logical steps” to create shareholder value For personal use only § Low complexity restart of heap leach mine can generate meaningful revenues in 2025 § Large truck-shovel surfa
Slide 5: Cyprium Metals at a Glance
CYPRIUM METALS (ASX:CYM) – AT A GLANCE ASX: CYM 23 May 2024 Share Trading History – Last 12 Months Governance Team Share Price $0.041 0.12 4.0 Matt Fifield Exec Chairman Trading suspended Shares on issue 1,525m 3.5 Ross Bhappu Non-Exec Director 0.10 Market Value $62.5m 3.0 Gary Comb Non-Exec Directo
Slide 6: CYM Development Strategy
CYM DEVELOPMENT STRATEGY Cathode in 2025, concentrate in 2027 and organic growth beyond HIGH Nifty Project SX-EW execution Restart Nifty Copper Large Surface Mine For personal use only Design / feasibility Conceptual plans Project Maroochydore Knowledge MEDIUM Baseline Murchison Assets Resource deli
Slide 7: Nifty: A Prolific Producer in Tier Location
NIFTY: A PROLIFIC PRODUCER IN TIER 1 LOCATION A high-quality copper mine Proven Producer Brownfield Re-start § Nifty produced 750 kt of copper over 24 years § Existing site infrastructure provides an excellent § Oxidised copper ores were treated via SX/EW plant platform for an expedited re-start to
Slide 8: Near Term Copper Cathode Production
NEAR TERM COPPER CATHODE PRODUCTION Copper cathode production at Nifty is the first phase of mining operations Simple operating plan on retreatment Nifty Heap Leach Pads § Existing heaps were built up in 3m layers § Heaps are turned over by small excavator in 3m lifts to refresh surface areas, then
Slide 9: Nifty, Surface Mine Scoping Study
NIFTY, SURFACE MINE SCOPING STUDY The scoping study delivered robust economics from a 17 year surface mining operation Operational Metrics1 Wireframe of Nifty Mineral Resource with Open-Pit Shell Mine life 17 years Mine and plant throughput 4.5 Mtpa Ore mined and processed (LOM) 70 Mt For personal u
Slide 10: Truck Shovel Operations for 36,000 Tonnes Cu
TRUCK SHOVEL OPERATIONS FOR 36,000 TONNES CU 3x 600-tonne excavators an ideal match for 4.5 mtpa ore feed to plant Large volume optimized pit leads to larger truck-shovel operations for LOM Copper Produced in Concentrate best mine life and production profile trade off 50,000 § Reviewed throughput ra
Slide 11: Re-start Advantaged by Existing Infrastructure
RE-START ADVANTAGED BY EXISTING INFRASTRUCTURE Modest pre-production capital is required for the re-start and expansion of sulphide concentrator Re-start and expand concentrator Nifty Processing Facility § The Nifty sulphide processing plant ran for 15 years producing clean and high-grade copper con
Slide 12: Familiar Scale to Other Australian Mines
FAMILIAR SCALE TO OTHER AUSTRALIAN MINES Nifty surface mine is a medium scale truck-shovel operation For personal use only Nifty Prominent Hill Commodity Copper Copper - Gold Location Western Australia South Australia Mining Method Open-pit Open-pit / Underground Project Study Scoping Study (2024) D
Slide 13: Potential to Be a Top Australian Copper Producer
POTENTIAL TO BE A TOP AUSTRALIAN COPPER PRODUCER 36ktpa of copper production would place Nifty in great company 2023 Annual Copper Production from Australian Mines1,2 120 12 For personal use only 100 10 80 8 Copper Production (kt) Nifty Surface Mine 60 copper production 6 range over LOM (36ktpa aver
Slide 14: Production Scale with Low Capital Intensity
PRODUCTION SCALE WITH LOW CAPITAL INTENSITY Nifty’s low capital intensity and IRR set it apart from other Australian pre-production copper projects Capital Expenditure of Australian Pre-Production Copper Projects with a Project Study1,2 1,800 70.0 Pre-production Capital Expenditure Copper Production
Slide 15: Leveraged Balance Sheet
LEVERAGED BALANCE SHEET CYM is working to address its short-term liabilities and fund the Copper Cathode Project Current situation1,2,3,4 Short Term Liabilities1,2 § $51.5 million in principal and interest payments are current Secured debt $15.5 m § CYM has $13.5 million of cash available Convertibl
Slide 16: Developing Our ESG Frameworks
DEVELOPING OUR ESG FRAMEWORKS For personal use only We are committed to delivering materials that the world needs in the best possible way. Our ESG policy and framework are in development, and we acknowledge our responsibility to our stakeholders, partners, customers and employees to act with ethics
Slide 17: Simple Execution Story
SIMPLE EXECUTION STORY Large scale copper resource, low risk project re-start § We are very focused on delivering the “next logical steps” to create shareholder value For personal use only § Low complexity restart of heap leach mine can generate meaningful revenues in 2025 § Large truck-shovel surfa
Slide 18: Thank You
For personal use only THANK YOU Contact Us Registered Office & Principal Place of Business Level 1, 437 Roberts Road Subiaco WA 6008 Australia Telephone +61 8 6374 1550 www.cypriummetals.com
Slide 19: Important Notices
IMPORTANT NOTICES Competent Person’s Statement The information in this report that relates to estimation and reporting of Mineral Resource Estimates is an accurate representation of the available data and is based on information compiled by external consultants and Mr. Peter van Luyt who is a member
Slide 20: Copper-Focused Resources in Paterson and Murchison
COPPER-FOCUSED RESOURCES IN PATERSON AND MURCHISON Beyond Nifty, our copper-focused exploration portfolio will be a growth engine in the years to come. • Paterson Province: Prospective ground for large sediment-hosted deposits – Maroochydore: significant copper-cobalt resource proximate to Nifty – I
Slide 21: Important Notices: Mineral Resource Estimates
IMPORTANT NOTICES Mineral Resource Estimates on which Cu equivalent calculations are based MAROOCHYDORE MINERAL RESOURCE ESTIMATE 2013 Resource Material type Volume m3 BD Tonnes Cu eq % Cu eq T Cu % Cu T Co ppm Co T Zn ppm Zn T Category Indicated 18,561,818 2.2 40,836,000 1.03 420,265 0.92 375,691 3