Cyprus: largest known deposit Cyprus has a long history of...

Cyprus: largest known deposit

Cyprus has a long history of mining and contains existing infrastructure with a favourable jurisdiction – including a 10% Corporate Tax rate, the lowest in the EU.

Mining has focused on the many exposed massive pyrite deposits, which have been exploited for copper, gold, silver, zinc and sulphur.

The largest known of these deposits was Mavravouni with 17 million tonnes at 4.5% copper, for 765,000 tonnes of contained copper.

Mineral exploration is active in Cyprus with Northern Lion Gold Corp (CVE: NL) exploring numerous concessions covering massive pyrite deposits.

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