The Paterson Exploration Project (100% Cyprium) is a large-scale, highly prospective copper exploration project located in the world-class Paterson Province of Western Australia. It spans 1,938km² along a 200km strike length on the western edge of the Paterson Orogen – a region known for hosting major copper and gold deposits such as Nifty, Maroochydore, Telfer and Winu.
The tenure is underexplored and highly prospective for new copper discoveries across several deposit styles, including sediment-hosted copper, carbonate-hosted lead-zinc-silver, and intrusive-related copper-gold systems. The Paterson Exploration Project offers strong potential for the delivery of additional oxide and sulphide feed within trucking distance to Nifty’s processing facilities to support Cyprium’s long-term growth ambitions.
History
Between 2020 and 2025, Cyprium’s joint venture partner IGO Limited invested approximately $24 million across the tenement package, completing over 36,000 metres of drilling, surface sampling and extensive geophysical surveys. In April 2025, IGO withdrew from the joint venture, returning full ownership to Cyprium.
The extensive exploration work completed to date across the Paterson Exploration Project incorporates more than 900,000 metres of drilling and includes a substantial body of geoscientific data comprising geochemistry, magnetic geophysics and ground gravity surveying.
Status
A first-pass review of these high-quality datasets has identified several compelling exploration targets, including Rainbow, NB08, MB01 and NL05. These targets offer significant potential for broader regional exploration and resource upside potential to complement Cyprium’s nearby Nifty Copper Complex.
Most notably, the Rainbow prospect possesses large-scale geochemical anomalies comparable to Nifty and is located only 30km to the north-northwest.
In parallel with its phased restart at Nifty, Cyprium is ramping up exploration activities across its tenure, including drill testing of several key regional targets.
Location of the Paterson Exploration Project
