Nifty

Nifty / Copper

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Nifty is a high quality copper project in Western Australia, owned and operated by Cyprium Metals Limited.

Stage

Development

Commodity

Copper

Operator

Cyprium Metals Limited

Location

Western Australia

Royalty rate and type
1.5% Realised Value royalty

Balance sheet classification
Royalty Intangible

What we own

The Group owns a 1.5% Realised Value royalty over the Nifty project in Western Australia, owned and operated by Cyprium Metals Limited.

Operation/update 

The Nifty project is a past producing primary copper mine with large oxide and sulphide resource. It is the sixth largest development project in Australia, and has the highest grade. Refurbishment is underway of existing infrastructure, including a sulphide processing plant, SX-EW facility and power station.

This is a restart of an existing open pit mine and production is targeted to recommence in H2 2023. Portfolio contribution at steady state production is expected to be US$1m–US$3m (based on long-term consensus pricing).

Key facts