Cyprium Gains Full Control of Paterson Copper Project as IGO Withdraws

“With strategic control of the ground and exploration process, Cyprium can extend the upside potential of our copper platform in the P aterson,” commented Cyprium Executive Chair Matt Fifield.

He added that Nifty is able to process both oxide and sulphide ores via its two brownfield processing plants.

The company released a prefeasibility study for Nifty this past December, confirming the viability of large-scale copper-in-concentrate output at the site. The earliest projection for concentrate production at Nifty is in 2026.

When it comes to Paterson, Cyprium said its next step will be to absorb all the information generated by IGO over the years so that it can reintegrate this data with what it knows about Nifty and Maroochydore.

It will then go through a strategic review to keep the best interests of its stakeholders.

“We are excited to take the baton and build on (IGO’s) work, unlocking the full potential of this exciting landholding,” noted Fifield in the company’s press release.

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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.