Location
The Maroochydore deposit is located in the north-eastern Pilbara region of Western Australia, ~85km southeast of Nifty.
History
Maroochydore was initially discovered by Esso Australia Ltd in 1984. Since discovery, Maroochydore has had numerous owners and JV partners that have collectively drilled out the Resource and performed various metallurgical testwork regimes and studies on production scenarios. The primary copper sulphide mineralisation remains open along-strike and down-dip.
Cyprium acquired 100% of the Maroochydore Copper Project in March 2021, as part of a larger transaction with Metals X (CYM ASX Announcement – Transformational Acquisition of Highly Attractive Copper Portfolio, 10 February 2021).
Status
Cyprium intends to perform further drilling (testing along-strike and down-dip extensions) and detailed metallurgical testwork to unlock the potential of this significant copper deposit. Cyprium’s testwork program will be used to optimise the processing flowsheet, which is expected to support a heap leach SX-EW project.
Infrastructure
Maroochydore has an exploration camp with diesel powered generators and road access to the Nifty Copper Mine.
Maroochydore Project
JORC Resources
Table 1: Maroochydore January 2025 Inferred Mineral Resource Estimate, by mineralisation category, ≥0.25% Cu Cutoff
Oxidation |
Resource |
Cu% |
Cu Metals |
Co ppm |
Co Metal |
|---|---|---|---|---|---|
Oxide |
42,190,000 |
0.52/p> |
219,000 |
385 |
16,000 |
Transitional |
55,500,000 |
0.51 |
283,000 |
272 |
15,000 |
Sulphide |
273,150,000 |
0.39 |
1,065,000 |
193 |
53,000 |
Total |
370,840,000 |
0.43 |
1,595,000 |
227 |
84,000 |
0.25% Cu cutoff. Metal grades take into account top and bottom cut. Numbers are rounded to reflect a suitable level of precision and may not sum due to rounding. The reported contained metal is not the same as a “recoverable” or “marketable” amount, as recovery rates and other factors can influence how much metal can be extracted. See accompanying technical report for additional details and important disclosures.
The Maroochydore Mineral Resource estimate was released to the ASX by Cyprium Metals Limited in an announcement dated 5th February 2025.
Table 2: Maroochydore January 2025 higher grade domain by mineralisation category, ≥0.45% Cu Cutoff
Oxidation |
Resource |
Cu% |
Cu Metals |
Co ppm |
Co Metal |
|---|---|---|---|---|---|
Oxide |
21,500,000 |
0.69 |
148,000 |
504 |
11,000 |
Transitional |
26,300,000 |
0.70 |
184,000 |
305 |
8,000 |
Sulphide |
58,500,000 |
0.66 |
386,000 |
238 |
14,000 |
Total |
106,300,000 |
0.67 |
712,000 |
308 |
33,000 |
0.45% Cu cutoff. Metal grades take into account top and bottom cut. Numbers are rounded to reflect a suitable level of precision and may not sum due to rounding. The reported contained metal is not the same as a “recoverable” or “marketable” amount, as recovery rates and other factors can influence how much metal can be extracted. See accompanying technical report for additional details and important disclosures.
The Maroochydore Mineral Resource estimate was released to the ASX by Cyprium Metals Limited in an announcement dated 5th February 2025.
Competent Person Statement
The information above relates to the estimation and reporting of the Maroochydore Mineral Resource Estimate dated 5 February 2025 is an accurate representation of the recent work completed by MEC Advisory Pty Ltd. Mr Dean O’Keefe has compiled the work for MEC Advisory and is Manager of Resources for MEC Mining and a Fellow of the Australasian Institute of Mining and Metallurgy (#112948). Mr O’Keefe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (CP). Mr O’Keefe consents to the inclusion in the release of the matters based on this information in the form and context in which it appears.
