• Noel Ong

Australia's Next Copper Mine - Nifty Copper Mine

Coffee with Samso Episode 88 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM)

Cyprium Metals Limited is now a step closer to creating a product that will ride on the EV Revolution that is on a rising tide.

It has been about three months since our first Coffee with Samso : A New Copper Producer - An Overnight Success, with Barry Cahill where he announced the acquisition of the Nifty Copper Project.

The process was always going to be long and boring as the company was gearing up on the mining perspective. The ramp up to mining for a project like this is not simple and refurbishing a mining project is that much more complicated.

In this episode, I was interested to know what is happening at the mine site and the regional exploration activities. We know that planning and ramping up is a matter of procedure and administration. There is no doubt about the business. The resource and the technology are not questioned. We are talking about True and Tested technology.

This is why excitement has been brewing and a robust mining plan is being refined. This is most evident in the discovery of more metal in gaps that were left untouched by the previous operator.

Barry shares with us the recent drilling results which appear to have added more metal content to his spreadsheet. As he says, what appears to be waste is not payable dirt.

Exploration has started in the IGO JV and that will just take its course as activities on the ground gain momentum. Barry shares his thoughts on the recent announcement on the drilling results from Nanadie Well and we also discuss the increased prospectivity of the project.


About Barry Cahill

Executive Director

Mr. Cahill is a mining engineer with over 30 years’ experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development. He was the Managing Director of Finders Resources Limited from 2013 until its takeover in 2018. Mr. Cahill has previously been executive director of a number of public companies including operations director at Perilya Limited and Managing Director of Australian Mines Limited and Norseman Gold Plc.

About Cyprium Metals Limited (ASX:CYM)

Cyprium Metals Limited (ASX: CYM) is an ASX listed company headquartered in Perth, WA, that is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital commodities, strong shareholder returns and sustainable value for our stakeholders.

Cyprium has projects with mineral resources of 200,000 tonnes of copper (Hollandaire 51.5kt JORC 2012 and Nanadie Well 151.5kt JORC 2004) and 100,000 ounces of gold (Hollandaire 28.8koz JORC 2012 and Nanadie Well 74.2koz JORC 2004) in the Murchison region, an established Western Australian mining jurisdiction, which includes the Cue Copper Project and the nearby Nanadie Well Copper Gold Project.

Cyprium has a highly credentialed executive management team in place with a meaningful equity investment, to target projects that have a copper mineral resource, with sulphide mineralisation and high sulphide content, together with excellent potential to increase the size of the mineral resource.

The development of the projects will be optimised using low-cost sulphide heap leach, which is ideal for stranded projects, problematic mineralogy, lack of scale and/or challenging locations. Innovative processing solutions will be used with the aim of producing final metal product on site to maximise value.

Cyprium pursues their strategy with all of their stakeholders, which includes employees, global markets, suppliers, shareholders, communities and government, that is based on integrity, co-operation, transparency and mutual value creation.


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