Ann: $16m Placement and $10m non-renounceable entitlement offer, page-37

Managing Director Barry Cahill commented: “The Board is very appreciative of the strong support shown from current shareholders and is pleased to welcome a number of new investors to the register. Cyprium has made significant advances in the past 15 months both in terms of increasing the mineral resource estimate but also particularly in the areas of SX/EW and infrastructure refurbishment, government approvals and metallurgical optimisation. With the completion of this capital raising, Cyprium will be able to continue to advance the senior debt financing, with the finalisation of the funding package enabling our construction plans and the production of copper metal plate on site in the second half of 2023.”