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Cyprium Metals Limited (ASX:CYM)

ALERT: Price-sensitive ASX Announcement for CYM
Current share price for CYM : $0.420 -0.005 (-1.18%)+
Announcement
Release
9 Jul 2026 8:51AM
Price at Release
$0.425
Full Release
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Summary
Cyprium Metals Limited has reported the discovery of significant copper mineralisation within the Nifty waste dump following a series of reverse circulation drilling operations. The drilling program was conducted to evaluate the potential for copper recovery, revealing intervals with notable copper grades that suggest economic viability. The company has performed assays and analyses to corroborate these mineralisation findings. While a mineral resource has not yet been formally estimated for the Nifty waste dump, the results are promising. The company has also released a pre-feasibility study detailing the economic aspects of the Nifty Copper Complex.
Key Points
  • Cyprium Metals Limited (ASX: CYM) has undertaken drilling at the Nifty waste dump.
  • Significant copper mineralisation was discovered within the waste dump.
  • The drilling program included reverse circulation drill holes to assess the potential for copper recovery.
  • Key drill results include intervals of notable copper grades indicating potential economic value.
  • Cyprium has conducted assays and analysis to validate the mineralisation findings.
  • The pre-feasibility study (PFS) outlines the economic evaluation of the Nifty Copper Complex.
  • No mineral resource has been formally estimated yet for the Nifty waste dump.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.