Australian copper stocks ride high on looming supply gap for the "metal of electrification"
Cyprium Metals
Work is underway on a large-scale open pit mine life development at Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF)’s Nifty Copper Mine in WA, based on the current resource of 940,200 tonnes of contained copper.
With fresh capital of A$24 million secured via the placement of shares, Cyprium has set its sights on restarting the Nifty copper operations.
The plan is to develop a large-scale open-pit mine, which will lower the development’s capital requirements and overall risk.
A starter oxide operation will complement the large-scale sulphide open pit, together supporting a 15-year-plus mine life.
Cyprium has finalised a restart study for its starter operation and is onto the scoping stage, which will lead to a detailed open pit life of mine study for the Nifty asset.
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