Nifty, Australia / Copper
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Nifty is a high quality copper project in Western Australia, owned and operated by Cyprium Metals Limited.
Development
Copper
Cyprium Metals
Australia
1.5% GRR
Royalty rate and type
1.5% GRR
Balance sheet classification
Royalty Intangible
Ecora owns a 1.5% realised value royalty over the Nifty copper project in the north-eastern Pilbara region of Western Australia, owned and operated by Cyprium Metals Limited.
Nifty is a mine restart project with substantial existing infrastructure. The operator states that the mine is recognised as the sixth ranked development project in Australia by copper metal resource. The copper has the highest grade of the top six projects in this ranking. Cyprium expects the resource estimates to increase as the mineral resource is open along strike in multiple directions and at depth.
- Cyprium published a Pre-Feasibility Study for the Nifty Copper Mine Complex
- Initial cathode project will produce an annual average of 6Kt of copper over four years; forecast that the copper concentrate project will produce an annual average of 38.7kt of copper over an estimated 20-year reserve based mine life.
- Cyprium is seeking to progress the initial cathode project to production.
- Progress Bankable Feasibility Study for sulphide mine and concentrator restart.