Nifty surface mine project, Australia
Photo by Cyprium Metals
Name of the Project
Nifty surface mine project.
Location
Western edge of the Great Sandy desert, in the north-eastern Pilbara region of Western Australia.
Project Owner/s
Cyprium Metals.
Project Description
A scoping study has examined the potential and size of a surface mining and processing operation at the Nifty copper project targeting the copper sulphide resources, based on the March 2024 mineral resource estimate of 125.02-million tonnes grading 0.83% copper.
The development takes advantage of existing infrastructure and positions Nifty as one of the lowest near-term capital-intensive copper projects worldwide.
The optimal pit contains 70-million tonnes of sulphide ore at 0.9% copper for an expected 570 000 t of recovered copper through the expanded and refurbished 4.5-million-tonne-a-year concentrator over the 17-year life-of-mine (LoM).
Projected average production is estimated at 36 000 t/y of copper in concentrate over the LoM.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The scoping study has demonstrated that a surface mining operation can deliver a substantial net present value, based on an 8% discount rate, of $880-million and an internal rate of return of 46% at a copper price of A$13 000.
Capital Expenditure
A$175-million.
Planned Start/End Date
Not stated.
Latest Developments
The Cyprium board has authorised a prefeasibility study.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Cyprium Metals, email communications@cypriummetals.com.
Comments
Projects
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
