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.
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. The operator expects the resource estimates to increase as it incorporates the results of various drilling and technical studies.
The Nifty Restart Study was released in March 2022 and highlighted a robust Phase I project, with further resource upside potential to the west and east of the mineralisation. In May, Cyprium released its mineral resource update and increased the estimate of contained copper metal by over 40% to 940.2Kt (previously 658.5Kt).
Royalty payable once 800Kt copper has been delivered
Mine recognised as the 6th largest development project in Australia, with the highest grade of copper
6 year life of mine (oxide only). Sulphide potential for >20 years