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Cyprium Metals Limited ( (AU:CYM) ) has provided an announcement.
Cyprium Metals Limited has received approval from the Western Australia Department of Energy and Economic Diversification to proceed with restarting cathode operations at the Nifty Copper Complex. This approval marks the final administrative step needed to resume operations, which will involve copper recovery from existing leach pads, creating over 70 permanent jobs and more than 80 construction jobs. The restart is part of Cyprium’s phased redevelopment plan to establish the Nifty Copper Complex as a key source of Australian copper, leveraging existing infrastructure and resources.
More about Cyprium Metals Limited
Cyprium Metals Limited is a copper developer focused on the phased restart of the Nifty Copper Complex located in the Paterson region of Western Australia. The company is engaged in revitalizing copper processing hubs and enhancing Australian sovereign manufacturing capability through copper cathode production.
YTD Price Performance: 54.19%
Average Trading Volume: 1,197,493
Technical Sentiment Signal: Hold
Current Market Cap: A$172.3M
See more insights into CYM stock on TipRanks’ Stock Analysis page.