Cyprium Metals Limited (AU:CYM) has released an update.
Cyprium Metals Limited reported a productive quarter with the release of a Scoping Study, showing the economic potential of the new Nifty surface mine, projecting an NPV of $880 million and an IRR of 46%. The company is moving forward with plans to resume operations at Nifty, bolstered by significant executive and board appointments and a strategic partnership with Glencore for copper product sales. With $12.5 million in total liquidity, Cyprium is positioning itself as an upcoming source of Australian copper.
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