CYM 8.16% 4.5¢ cyprium metals limited

Ann: Nifty Surface Mine Scoping Study, page-68

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    Please refer to Table 21 under s8.6.4 of the MEC study "Nifty Surface Mine Scoping Study May 2024" (p48) as posted above.

    Mining Cost - weighted average A$/t 2.94

    See also:

    9.5 "No allowance has been made for capitalising waste mining costs / pre-strip; however, it should be consideredpart of future studies." (p52)

    14.3 "The mining cost basis for the Nifty pit demonstrates significant early-stage costs that can improve the projectvalue if mining unit costs can be improved early in the mine life and at later stages when the pit depth becomessignificant" (p70), and

    Appendix B: Detailed Mining Cost Information (p74)

    Have a good evening. The ore will still be there tomorrow.



 
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