The Nifty Project in the Great Sandy Desert in the north-eastern Pilbara of Western Australia has declared a 28.4% increase in copper mineral resource estimates.
It is the only project being developed in the near term and is currently the 6th largest in Australia.
Drilling programs confirmed copper mineralisation was still open to the southeast and west of the region.
“Once again, this demonstrates the quality and scale of the Nifty deposit, which remains open. The updated MRE provides additional copper metal inventory for the Nifty phase 1 oxide copper project and underpins a potential open pit mine-life of greater than 20 years. Further assay results from the Nifty east drilling program, which targeted the shallower oxide zone of the deposit, are expected to further extend the Nifty phase 1 oxide mine-life,” said Barry Cahill, Cyprium Managing Director.