CYM Price sensitive 14 Sep 2026, 9:50 AM

Operations Update - Phase 1 Cathode Restart Project

Cyprium Metals Ltd

Cyprium Metals Ltd Phase 1 Cathode Restart Project Update

Key points

  • Commissioning of heaps with acid has commenced for the first time since 2009
  • Direct injection leaching trial confirmed well design and commercial flow rates
  • SX area mechanically complete; EW area preparing for cathode and anode installation
  • All regulatory approvals in place for Phase 1 project
  • First cathode expected in the fourth quarter

Full summary

Cyprium Metals Ltd has commenced commissioning of the heaps with acid solution, marking the first leach on these pads in nearly 20 years. The successful trial of direct injection leaching technology confirmed well design and the ability to accept injected solution at commercial flow rates. The SX plant is substantially mechanically complete, and the EW plant is preparing for cathode and anode installation. Regulatory approvals are in place, and the company expects the first cathode in the fourth quarter. The project aims to produce copper from existing heaps and cathode from the B Train of the SX-EW plant.

Guidance

First cathode expected in the fourth quarter of 2026

Outlook

Cyprium Metals Ltd is focused on completing the Phase 1 Cathode Restart project and preparing for future expansion of cathode production capacity.

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