OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor CYM ASX

Cyprium Metals Limited

Construction · Copper · Australia Rating locked: sign in to view v8 · cym-20261009t150554-first-fill
Last 2026-11-06
A$0.285
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$164.8M
EV
A$172M
Cash
A$68.5M
Debt
A$75.7M
7 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory21 documents
CYM ASX eligible local closing priceMarket Data · HighExtracted

Local repository ASX price database observation selected by miners.reference_price: A$0.465 close, 656,536 shares traded; market data provider via miners.collect_stock_prices.

Document ID
cym-2026-sep25-close
Published UTC
2026-09-25T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
Notification of cessation of securities - CYMCorporate Action · HighExtracted

Appendix 3H records 2,774,001 lapsed performance rights and 578,079,732 quoted ordinary shares after the change.

Document ID
cym-2026-sep-3h
Published UTC
2026-09-24T08:11:00Z
Projects
—
Commodities
—
Open original source ↗
Operations Update - Phase 1 Cathode Restart ProjectOperations · HighExtracted

Primary ASX release: acid heap commissioning underway; 14-well water trial reached about 250 cubic metres an hour, expanded to 98 production wells accessing about 1.7Mt; high-voltage replacement parts delayed energisation and first cathode is now expected in Q4 2026.

Document ID
cym-2026-sep-ops
Published UTC
2026-09-13T23:50:00Z
Projects
nifty
Commodities
copper
Open original source ↗
CYM closes around September operations updateMarket Data · MediumExtracted

Local price database rows: A$0.520 on 11 September and A$0.495 on 14 September, a 4.8% one-session decline coincident with the operations release; causation cannot be isolated.

Document ID
cym-2026-sep14-price
Published UTC
2026-09-14T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
Ecora Royalties 2026 half-year results - Nifty royaltyEconomic Arrangement · HighExtracted

Date-only source normalized at midnight local time. Ecora identifies Nifty royalty and an 800kt cumulative copper trigger; first receipts are expected at least five years after restart.

Document ID
cym-2026-ecora-h1
Published UTC
2026-09-01T23:00:00Z
Projects
nifty
Commodities
copper
Open original source ↗
Diggers & Dealers PresentationPresentation · HighExtracted

Latest investor presentation confirming restart sequence, share count, cash, debt and an issuer-reported reference price.

Document ID
cym-2026-diggers
Published UTC
2026-08-04T02:00:04Z
Projects
nifty · maroochydore · paterson
Commodities
copper · cobalt
Open original source ↗
Noosa Mining Conference Presentation - UpdatedPresentation · HighExtracted

Updated investor presentation describing the staged Nifty restart, Maroochydore resource and near-term catalysts.

Document ID
cym-2026-noosa
Published UTC
2026-07-24T02:14:00Z
Projects
nifty · maroochydore · paterson
Commodities
copper · cobalt
June 2026 Quarterly Activities and Appendix 5BOperations · HighExtracted

Latest quarterly report detailing Phase 1 progress, September-quarter cathode target, liquidity, debt and current tenements.

Document ID
cym-2026-q2
Published UTC
2026-07-16T23:21:52Z
Projects
nifty · maroochydore · paterson · cue
Commodities
copper · cobalt · gold · silver
Open original source ↗
IEA Global Critical Minerals Outlook 2026Commodity Data · MediumExtracted

Date-only report normalized at midnight Paris time. IEA projects a 25% 2035 copper mine-supply gap, but also describes sulphuric-acid cost pressure and zero 2026 benchmark copper treatment charges.

Document ID
cym-2026-iea-outlook
Published UTC
2026-07-15T22:00:00Z
Projects
—
Commodities
copper
Open original source ↗
Notification regarding unquoted securities - CYMCorporate Action · HighExtracted

Appendix 3G cap-table anchor following issue of purchased rights.

Document ID
cym-2026-3g
Published UTC
2026-05-01T08:31:43Z
Projects
—
Commodities
—
Open original source ↗
March 2026 Quarterly Activities and Appendix 5BOperations · HighExtracted

Quarterly report recording restart progress, A$41 million financing and liquidity at March 2026.

Document ID
cym-2026-q1
Published UTC
2026-04-29T23:32:51Z
Projects
nifty · paterson
Commodities
copper
Open original source ↗
December 2025 Quarterly Activities and Appendix 5BOperations · HighExtracted

Quarterly report confirming Board approval and government notice-to-proceed for the cathode restart.

Document ID
cym-2025-q4
Published UTC
2026-01-16T00:51:22Z
Projects
nifty · maroochydore · paterson
Commodities
copper · cobalt
Open original source ↗
September 2025 Quarterly Activities and Appendix 5BFinancing · HighExtracted

Quarterly report documenting the A$80 million financing, share consolidation approval and restart preparations.

Document ID
cym-2025-q3
Published UTC
2025-10-31T02:49:04Z
Projects
nifty · maroochydore · paterson · cue
Commodities
copper · cobalt · gold
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

FY2025 audited annual report covering portfolio ownership, liabilities, asset sales and subsequent funding.

Document ID
cym-2025-annual
Published UTC
2025-09-29T23:00:52Z
Projects
nifty · maroochydore · paterson · cue
Commodities
copper · gold · cobalt · silver
Open original source ↗
MST Access - Nearing go on Cathode ProjectOther · MediumExtracted

May 2025 issuer-paid MST Access research provides a stale outside funding and cost stress: a 30% Nifty sell-down at a 40% discount to its NAV, with capex and opex above PFS. Its price target is not used as the valuation anchor.

Document ID
cym-2025-mst-access
Published UTC
2025-04-30T14:00:00Z
Projects
nifty
Commodities
copper
Open original source ↗
Cyprium Rejects NBIOTransaction · HighExtracted

Board rejection of a conditional non-binding acquisition indication at a pre-consolidation A$0.035 per share.

Document ID
cym-2024-nbio
Published UTC
2024-12-04T22:42:34Z
Projects
—
Commodities
copper
Open original source ↗
Nifty Copper Complex - Pre-feasibility StudyStudy · HighExtracted

Current Nifty PFS establishing ore reserves and combined cathode-plus-concentrate economics at a specified copper-price and FX basis.

Document ID
cym-2024-pfs
Published UTC
2024-11-27T04:26:18Z
Projects
nifty
Commodities
copper
Open original source ↗
Glencore Loan Facility Closed, Offtakes ExecutedEconomic Arrangement · HighExtracted

Executed 10-year Glencore cathode and concentrate offtakes on market-based terms; up to 30% product carve-out subject to consent. The original Glencore senior loan has since been refinanced.

Document ID
cym-2024-glencore-offtakes
Published UTC
2024-09-29T22:24:00Z
Projects
nifty
Commodities
copper
Open original source ↗
Nifty Heap Leach Mineral Resource EstimateResource Update · HighExtracted

JORC 2012 estimate for drilled material on Nifty heap-leach pads, with historical metallurgical reconciliation disclosed separately.

Document ID
cym-2024-heap-mre
Published UTC
2024-08-18T23:02:55Z
Projects
nifty
Commodities
copper
Open original source ↗
Nifty Surface Mine Scoping StudyStudy · HighExtracted

Superseded surface-mine scoping study, subsequently replaced by the November 2024 PFS.

Document ID
cym-2024-scoping
Published UTC
2024-05-22T23:01:35Z
Projects
nifty
Commodities
copper
Open original source ↗
Half Yearly Report and AccountsResults · LowExtracted

Historical interim report describing the earlier project portfolio and superseded resource positions.

Document ID
cym-2023-interim
Published UTC
2023-09-08T06:38:53Z
Projects
nifty · maroochydore · cue
Commodities
copper · gold · cobalt
Open original source ↗
Evidence facts75
f-2023-nifty-ownerNifty ownership

100 percent

2023-06-30
f-scoping-npvScoping study pre-tax NPV8

880000000 AUD

2024-05-23
f-scoping-resourceMarch 2024 Nifty mineral resource contained copper

1038000 tonnes Cu

2024-03-14
f-heap-total-tonnesHeap leach indicated and inferred resource

12675300 tonnes

2024-08-19
f-heap-gradeHeap leach resource copper grade

0.426 percent Cu

2024-08-19
f-heap-containedHeap leach resource contained copper

54050 tonnes Cu

2024-08-19
f-heap-reconciledHistorically reconciled unrecovered copper

91140 tonnes Cu

2024-08-19
f-offtake-cathode-termCathode offtake term

10 years

2024-09-30
f-offtake-concentrate-termConcentrate offtake term

10 years

2024-09-30
f-offtake-volumeAvailable cathode and concentrate committed, subject to carve-out

100 percent

2024-09-30
f-offtake-carveoutPotential product carve-out with Glencore approval

30 percent maximum

2024-09-30
f-pfs-pretax-npvCombined pre-tax NPV8

1129000000 AUD

2024-11-21
f-pfs-aftertax-npvCombined after-tax NPV8

756000000 AUD

2024-11-21
f-pfs-copper-pricePFS copper price

9370 USD per tonne

2024-11-21
f-pfs-fxPFS long-term AUDUSD

0.71 USD per AUD

2024-11-21
f-pfs-reserveCombined ore reserve contained copper

797000 tonnes Cu

2024-11-21
f-pfs-concentrate-npvConcentrate project pre-tax NPV8

1042000000 AUD

2024-11-21
f-pfs-cathode-npvInitial cathode project pre-tax NPV8

86000000 AUD

2024-11-21
f-pfs-max-drawdownCombined maximum project drawdown

431000000 AUD

2024-11-21
f-pfs-lifeCombined project life

20.8 years

2024-11-21
f-nbio-priceRejected indicative offer price

0.035 AUD per pre-consolidation share

2024-11-26
f-nbio-statusNBIO status

rejected None

2024-12-05
f-mst-sell-downAssumed Nifty sell-down

30 percent

2025-05-01
f-mst-sell-discountAssumed discount on Nifty sell-down

40 percent below analyst NAV

2025-05-01
f-mst-cost-stressOutside-view cost uplift

capex +16%; concentrate opex +11%; cathode opex +17% versus PFS None

2025-05-01
f-mst-issuer-paidIssuer payment disclosure

report prepared for a fee payable by Cyprium None

2025-05-01
f-annual-rehabMine rehabilitation provision

34337000 AUD

2025-06-30
f-annual-convertible-termsConvertible-note redemption date

2028-03-31 None

2025-06-30
f-annual-solstice-sharesSolstice shares received for Meekatharra sale

3000000 shares

2025-06-30
f-q3-raiseCapital raise gross proceeds

80000000 AUD

2025-10-17
f-q3-consolidationShare consolidation ratio

10 pre-consolidation shares per post-consolidation share

2025-10-28
f-q4-cashCash and cash equivalents

75014000 AUD

2025-12-31
f-q4-decmilEstimated DECMIL SXEW refurbishment contract value

27000000 AUD

2025-12-31
f-q1-cashCash and cash equivalents

96481000 AUD

2026-03-31
f-q1-raiseEquity capital raising

41000000 AUD

2026-03-31
f-3g-sharesOrdinary fully paid shares

578079732 shares

2026-05-01
f-3g-rightsPerformance rights

33176042 rights

2026-05-01
f-3g-optionsOptions expiring 31 December 2027 at A$0.42

26491025 options

2026-05-01
f-3g-purchased-rightsPurchased rights

1202268 rights

2026-05-01
f-iea-copper-gapProjected 2035 copper mine-supply deficit

25 percent

2026-07-16
f-iea-acid-costSulphuric-acid cost pressure

acid cost overtook energy for some mineral operations None

2026-07-16
f-iea-smelter-fees2026 benchmark copper smelter treatment charge

0 USD per tonne

2026-07-16
f-q2-cashCash and cash equivalents

68532000 AUD

2026-06-30
f-q2-debtLoan facilities drawn

39743000 AUD

2026-06-30
f-q2-runwayEstimated quarters of funding

9.6 quarters

2026-06-30
f-q2-solstice-valueValue of Solstice Minerals shareholding

7100000 AUD

2026-06-30
f-q2-first-cathodeTarget commencement of copper cathode production

September quarter 2026 None

2026-07-17
f-noosa-phase1Phase 1 target cathode capacity

6000 tonnes per annum

2026-07-24
f-noosa-maroochydoreMaroochydore inferred resource

370800000 tonnes

2025-02-05
f-diggers-priceCYM closing reference price

0.455 AUD per ordinary share

2026-08-03
f-diggers-sharesShares on issue

578000000 shares rounded

2026-08-03
f-diggers-cashCash

68500000 AUD

2026-06-30
f-diggers-senior-debtSenior debt

39600000 AUD

2026-08-03
f-diggers-convertibleConvertible notes face value

36000000 AUD

2026-08-03
f-ecora-royalty-rateNifty realised value royalty

1.5 percent

2026-09-02
f-ecora-triggerCumulative Nifty copper production trigger

800000 tonnes copper

2026-09-02
f-ecora-first-paymentExpected first royalty payment timing

at least five years after restart None

2026-09-02
f-sep-first-cathodeFirst cathode expected

fourth quarter 2026 None

2026-09-14
f-sep-acidAcid commissioning of Nifty heaps

commenced None

2026-09-14
f-sep-flowDirect-injection water trial commercial flow rate

250 cubic metres per hour, approximately

2026-09-14
f-sep-approvalsPhase 1 regulatory approvals

in place pending successful commissioning None

2026-09-14
f-sep-production-wellsProduction wells installed

98 wells

2026-09-14
f-sep-accessible-materialMaterial accessed by production wells

1700000 tonnes approximately

2026-09-14
f-sep-hv-replacementHigh-voltage component replacement

under procurement after test failure None

2026-09-14
f-sep-plant-capacityExpansion capacity under planning

20000 tonnes cathode per annum approximately

2026-09-14
f-sep11-closeCYM close before September operations update

0.52 AUD per ordinary share

2026-09-11
f-sep14-closeCYM close on September operations-update date

0.495 AUD per ordinary share

2026-09-14
f-sep14-volumeCYM volume on operations-update date

1817677 ordinary shares

2026-09-14
f-price-closeCYM raw close

0.465 AUD per ordinary share

2026-09-25
f-price-volumeCYM volume

656536 ordinary shares

2026-09-25
f-price-providerPrice provider

market data provider via miners.collect_stock_prices None

2026-09-25
f-price-securitySecurity basis

one ASX CYM ordinary share None

2026-09-25
f-sep-3h-rights-lapsedPerformance rights ceased

2774001 rights

2026-09-23
f-sep-3h-sharesOrdinary fully paid shares following cessation

578079732 shares

2026-09-24
f-sep-3h-rightsPerformance rights following cessation

30402041 rights

2026-09-24
Conflicts requiring judgment1
  • first_cathode_target

    The 14 September issuer operations update supersedes the June-quarter September-quarter target with Q4 2026.