Cyprium Metals Ltd has re-optimised the scoping study for the Nifty Surface Mine, which has led to significant improvements in project economics.
It has achieved a 25% reduction in ‘concentrator-only’ strip ratios and improved the pit shell designs for the mine itself.
The re-optimisation has not only enhanced economics but reduced the mine’s environmental footprint, and allowed the cathode plant to generate revenue throughout the mine’s operational life.
Cyprium worked with MEC Mining to review the scoping study and incorporate geotechnical data allowing for material cost reductions.
The company says the new information highlights the potential for cost reductions by using steeper wall angles that mirror the natural bedding planes that overlay the Nifty #orebody.
Adding the smaller footprint lessens the total material movements, increases the speed to first #ore and improves overall site interactions and operational flexibility.
Cyprium is now integrating these improvements into its restart planning and pre-feasibility study which it expects will enhance the already positive economics detailed in its May 2024 Scoping Study.
The company says Nifty’s sulphide resource remains Cyprium’s largest value driver and the more they work on it, the better it gets.
#ProactiveInvestors #CypriumMetals #ASX #cathodeplant #copper #coppermine #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews