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Cyprium Metals Limited (ASX:CYM)

ALERT: Price-sensitive ASX Announcement for CYM
Current share price for CYM : $0.355 -0.165 (-31.73%)+
Release
14 Sep 2026 9:50AM
Price at Release
$0.520
Full Release
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Summary
Cyprium Metals Limited announced that its Phase 1 Cathode Restart Project at the Nifty Copper Complex in Western Australia has advanced into commissioning, with acid now being applied to the existing heap leach pads for the first time since operations stopped in 2009, while a successful 14-well direct injection leaching trial confirmed the heaps can accept solution at commercial flow rates of about 250m3 per hour and beyond and produced copper-bearing solution sufficient to support SX-EW commissioning; the company has since expanded the wellfield to 98 production wells providing access to about 1.7 million tonnes of material. The eastern ILS and PLS ponds and acid transport systems are being commissioned, the solvent extraction plant is substantially mechanically complete and undergoing dry and water commissioning, and the electrowinning plant is also substantially mechanically complete with remaining works focused on cell furniture, stripping machine refurbishment, cathode and anode loading, and final electrical and instrumentation completion. Despite some replacement of failed high-voltage components during testing, key electrical infrastructure including the rectiformer, transformer, HV cable runs and approvals have been progressed, all regulatory approvals for Phase 1 are in place subject to successful commissioning, and the project has recorded zero lost time injuries since construction began. Cyprium expects first cathode production in the fourth quarter during wet commissioning and ramp-up, while also evaluating future growth options including expanding SX-EW capacity from about 6,000 tpa to about 20,000 tpa, assessing shallow open pit oxides for inclusion in future operations, refining plans for open pit sulphides and concentrator refurbishment, and continuing exploration and data work across the broader Nifty Copper Complex.
Key Points
  • Commissioning of the existing heap leach pads with acid has commenced for the first time since 2009.
  • A 14-well direct injection leaching trial confirmed commercial solution injection rates of about 250m3 per hour and beyond.
  • The direct injection trial produced copper-bearing solution in sufficient grade and quantity to commission the SX-EW plant.
  • Cyprium has expanded the wellfield from 14 trial wells to 98 production wells.
  • The current wellfield provides access to about 1.7 million tonnes of material for future leaching operations.
  • Eastern ILS and PLS ponds and sulphuric acid transport infrastructure are being commissioned to support heap operations.
  • The solvent extraction plant is substantially mechanically complete and has entered dry and water commissioning.
  • The electrowinning plant is substantially mechanically complete, with remaining work focused on cell furniture, stripping machine refurbishment, cathode and anode loading, and final electrical and instrumentation tasks.
  • Replacement of failed existing high-voltage components was required during testing, but pre-commissioning continued using auxiliary power.
  • Rectiformer and transformer installation, HV cable runs and HV approvals have been completed.
  • Firewater infrastructure and ring main are substantially complete.
  • All regulatory approvals required for the Phase 1 Cathode Restart Project are in place, pending successful commissioning.
  • The project has achieved zero lost time injuries since construction started.
  • First cathode production is expected in the fourth quarter during wet commissioning and ramp-up.
  • Cyprium is assessing expansion of SX-EW production capacity from about 6,000 tonnes per annum to about 20,000 tonnes per annum.
  • The company is evaluating shallow open pit oxide material for future inclusion in operations and expects updated Mineral Resources and Ore Reserves for Nifty in the second half of CY2026.
  • Work continues on open pit sulphide mining plans, concentrator refurbishment, and broader exploration activities at Nifty and surrounding targets.
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.