Cyprium Metals Limited (AU:CYM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into AU:CYM stock, check out TipRanks’ Stock Analysis page.
