Cyprium Flags Major Copper Upside After Regaining Paterson Exploration Ground

The latest announcement is out from Cyprium Metals Limited ( (AU:CYM) ).

Cyprium Metals has completed a first-pass review of an extensive exploration dataset for its Paterson Exploration Project, recently regained from former joint venture partner IGO, which invested $24 million in exploration over the ground. The review has highlighted numerous high-priority copper targets, including significant potential to extend known mineralisation at the Rainbow and Rainbow South prospects, supported by historic intercepts of high-grade copper and silver, and promising results at Stirling, NL04b, MB01 and NL05a, where drilling and follow-up programs are now being designed or scheduled. The company views the Paterson Exploration Project as a major opportunity to convert the large volume of legacy drilling, geochemical and geophysical data into new copper discoveries that could enhance the future scale and longevity of its Nifty Copper Complex operations and strengthen its position as an emerging Australian copper producer.

The most recent analyst rating on (AU:CYM) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Cyprium Metals Limited stock, see the AU:CYM Stock Forecast page.

More about Cyprium Metals Limited

Cyprium Metals Limited is an Australian copper developer focused on restarting and expanding the Nifty Copper Complex in the highly prospective Paterson province of Western Australia. The company controls about 2,000 square kilometres of exploration ground adjacent to the Nifty Copper Complex and the Maroochydore Copper-Cobalt Project, targeting base metals, particularly copper, with potential silver by-product credits.

YTD Price Performance: 3.70%

Average Trading Volume: 1,157,060

Technical Sentiment Signal: Hold

Current Market Cap: A$275.6M

For a thorough assessment of CYM stock, go to TipRanks’ Stock Analysis page.