Nifty Copper Project Update
Cyprium approved Nifty Copper Project restart with first cathode production expected mid-2026; Ecora royalty payments delayed.
- Ecora Realised Value Royalty on Nifty Project 1.5%
- Cumulative copper production threshold for royalty payments 800kt
- Expected first copper cathode production mid-2026
- Years until royalty threshold reached at least 5 years from production restart
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Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press release issued today by Cyprium Metals Limited ("Cyprium"), a copper developer focused on the phased restart of the Nifty Copper Complex in the Paterson region of Western Australia ("Nifty Project"), announcing that the Cyprium Board of Directors has approved the Cathode Project restart plan with first production of copper cathode expected in mid-2026.
Ecora holds a 1.5% Realised Value Royalty on the Nifty Project. Royalty payments to Ecora are not triggered until cumulative 800kt of copper has been produced from the mine. Taking into account historical copper production, targeted production of the Cathode Project and the restart of open pit mining operations, this threshold is not expected to be reached until at least five years from production restarting.
The full announcement from Cyprium can be viewed here: ASX:CYM - Cathode Restart Approved by Cyprium Board
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.