Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Cyprium Metals Limited
  6. News
  7. Summary
    CYM   AU0000050536

CYPRIUM METALS LIMITED

(CYM)
Delayed Australian Stock Exchange  -  12:10 2022-12-09 am EST
0.0810 AUD   +2.53%
11/17Cyprium Metals Hits Zinc, Copper at Cue Copper Project
MT
11/16Cyprium Metals Limited Announces Encouraging RC Drilling Results at the Cue Project
CI
11/16Cyprium Metals Ltd (asx : CYM) Encouraging RC Drilling Results at the Cue Project
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Cyprium Metals Ltd (ASX:CYM) Maroochydore Cu Co Project Initial RC Drilling Results

02/13/2022 | 05:36pm EST

Perth, Australia, Feb 14, 2022 - (ABN Newswire) - Cyprium Metals Limited (ASX:CYM) is pleased to report the results of the first round of assays that have been received from the 2021 Reverse Circulation ("RC") drilling campaign at the Maroochydore Copper - Cobalt Project.

- Drilling further extends massive Maroochydore copper - cobalt resource potential

- Near-surface oxide copper/cobalt mineralisation extended to 3000m long, up to 500m wide and up to 100m thick

- Sulphide copper - cobalt mineralisation 2,500m long (still open), up to 500m wide and up to 50m deep (still open)

Managing Director Barry Cahill commented:

"When I was at Maroochydore last year, I was absolutely blown away by the physical footprint of this shallow copper cobalt deposit, which is more than 3 kilometres in length and still open.

Maroochydore is a very exciting project and we are pleased to announce the results of our first round of RC drilling. These results reinforce the quality of this large copper-cobalt deposit. In addition, this drilling has increased the oxide-supergene resource potential further to the east.

The presence of fresh sulphide mineralisation at the base of hole 21MDRC018 is highly encouraging and demonstrates potential to expand the sulphide resource further along strike.

We look forward to the next round of assay results, targeting areas northwest along strike."

The 50 RC drillhole programme included 46 resource definition and extension holes (5,990m) and 4 water bores (228m) for a total of 6,218 metres as detailed in Figure 2*, Images 1 to 8* and Table 1*. To date, the results from 19 holes have been received by the Company as detailed in Appendix 1*. These RC drill holes targeted oxide, supergene and transitional mineralisation at the project with several holes extending into fresh basement rock. Sulphide mineralisation was intersected from 108m down hole in 21MDRC018 (refer to Image 7*).

The oxide mineralisation currently extends over a strike length of 3,000m, has a width of up to 500m and thicknesses up to 100m, as modelled in the existing JORC 2012 mineral resource estimate. The resource shapes are outlined in figure 1 and sections 1 & 2*.

Once all the RC assay results are received, they will be included in a revised mineral resource estimate of the Maroochydore copper - cobalt deposit. Hole collar and Survey details are summarised in Table 1*. All significant interval assays are summarised in Appendix 1*.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/9GJJO617


<b>About Cyprium Metals Ltd:</b>

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.

<b>Contact:</b>

Barry Cahill
Executive Director
T: +61 8 6374 1550

Wayne Apted
Chief Financial Officer
and Company Secretary

Lexi O'Halloran
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com

Copyright (C) 2022 ABN Newswire. All rights reserved., source Press Releases English

All news about CYPRIUM METALS LIMITED
11/17Cyprium Metals Hits Zinc, Copper at Cue Copper Project
MT
11/16Cyprium Metals Limited Announces Encouraging RC Drilling Results at the Cue Project
CI
11/16Cyprium Metals Ltd (asx : CYM) Encouraging RC Drilling Results at the Cue Project
AQ
10/30Cyprium Metals Ltd (asx : CYM) Quarterly Activities Report
AQ
10/27Cyprium Metals Ltd (asx : CYM) Investor Presentation
AQ
10/25Cyprium Metals Ltd (asx : CYM) Nanadie Well Project Copper-Nickel-PGE RC Drilling Results
AQ
10/25Cyprium Metals Limited Reports Assay Results from the April/May 2022 Reverse Circulatio..
CI
10/17Video : Cyprium Metals Ltd (ASX:CYM) Investor Presentation 1-2-1 Tech Metals
AQ
10/04Cyprium Metals Raises Mineral Resource Endowment at Nifty Copper Project in Western Aus..
MT
10/04Cyprium Metals Ltd (asx : CYM) Nifty Copper Project Restart Update
AQ
More news
Financials
Sales 2021 0,02 M 0,02 M 0,02 M
Net income 2021 -26,7 M -18,1 M -18,1 M
Net Debt 2021 4,79 M 3,26 M 3,26 M
P/E ratio 2021 -2,76x
Yield 2021 -
Capitalization 59,1 M 40,0 M 40,2 M
EV / Sales 2020 148x
EV / Sales 2021 4 083x
Nbr of Employees -
Free-Float 84,4%
Chart CYPRIUM METALS LIMITED
Duration : Period :
Cyprium Metals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CYPRIUM METALS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Managers and Directors
Barry John Cahill Managing Director & Executive Director
Wayne Apted Chief Financial Officer & Secretary
Gary Ernest Comb Non-Executive Chairman
John Banning Chief Operating Officer
Nicholas Rowley Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CYPRIUM METALS LIMITED-50.91%39
BHP GROUP LIMITED40.88%158 250
RIO TINTO PLC18.15%116 916
GLENCORE PLC46.31%88 573
ANGLO AMERICAN PLC9.40%48 963
SAUDI ARABIAN MINING COMPANY (MA'ADEN)74.78%44 896