Nifty / CopperView on map
Nifty is a high quality copper project in Western Australia, owned and operated by Cyprium Metals Limited.
Cyprium Metals Limited
Royalty rate and type
1.5% Realised Value royalty
Balance sheet classification
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.
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).
Over 700 kt of copper has been produced to date
Nifty is the 6th largest development project in Australia, and has the highest grade
6 year life of mine (oxide only). Sulphide potential for >20 years