Cyprium Metals Limited announced the receipt of assay results from the final 11 RC holes at Nifty West. The drilling programme targeted lightly drilled areas up-plunge of the former underground mine in the keel area of the Nifty syncline below the western end of the Nifty open pit. The results reported in this announcement are from single holes drilled on existing section lines 101,320E and 101,720E, with the other 9 holes completed on new section lines 101,360E and 101,440E.

Section 101,720E Hole 21NRWP064 was drilled to the immediate south of the traverse of holes previously reported on 28 February 2022. 1 The hole successfully confirmed the continuity of the thick zone of copper mineralisation returning 20m at 0.70% Cu from 210m, 31m at 1.61% Cu from 234m, including 14m at 2.72% Cu from 235m, and 13m at 0.55% Cu from 268m, which remains open to the south. Section 101,360E Six holes were completed along this section in the keel area of the Nifty syncline.

Narrow zones of low-grade copper mineralisation were intersected in holes 21NRWP071 and 72, with further drilling required into the northern limb of the syncline below the former Nifty open pit. Section 101,440E Three holes were drilled on this section into the keel area of the Nifty syncline. The significant interval of low-grade copper mineralisation intersected in hole 21NRWP069 indicates good potential remains on the untested northern limb of the syncline below the former Nifty open pit.

Preparations are underway for a resource update incorporating all the results from Cyprium's highly successful drilling campaigns at Nifty East and West, which is expected to grow the existing inventory of 732,200 tonnes of contained copper reported for Nifty in the November 2021 Mineral Resource estimate.