Cyprium Metals cleared to restart Nifty Copper - ICYMI

Core Viewpoint - Cyprium Metals Ltd has received final approval to restart the Nifty Copper Project in Western Australia, marking a significant step towards resuming copper cathode production [1][6]. Group 1: Project Restart and Development - The project will proceed into the first phase of development, consistent with a phased strategy to gradually increase production capacity [2]. - The initial restart will involve 30 to 35 staff per shift, creating over 70 permanent and 80 construction jobs [2][7]. - The restart is part of a broader plan that includes open pit development, additional oxide resource exploration, and refurbishment of the concentrator, with a long-term goal of producing 45,000 tonnes of copper per year [3][8]. Group 2: Financial Aspects - Cyprium Metals executed a binding term sheet with Nebari to refinance its existing USD 27.30 million senior secured loan facility, following an AUD 80.00 million equity raise [3][9]. - The new facility will provide added financial flexibility during the construction phase, allowing the company to maintain liquidity [4][10].