Nifty, Australia / Copper
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Nifty is a high quality copper project in Western Australia, owned and operated by Cyprium Metals Limited. Ecora owns a 1.5% realised value royalty over the Nifty copper project in the north-eastern Pilbara region of Western Australia, owned and operated by Cyprium Metals Limited.
Development
Copper
Cyprium Metals
Australia
1.5% GRR
Royalty rate and type
1.5% GRR
Balance sheet classification
Royalty Intangible
Nifty is a mine restart project with substantial existing infrastructure. The operator states that the mine is recognised as the sixth ranked development project in Australia by copper metal resource. The copper has the highest grade of the top six projects in this ranking. Cyprium expects the resource estimates to increase as the mineral resource is open along strike in multiple directions and at depth.
Cyprium Metals Ltd (Cyprium) advanced the project towards the commencement of copper cathode production (Phase 1 Restart) of ~ 6,000 tpa, targeted for H2 2026.
Work continues in parallel to expand production to ~20,000 tpa through a refurbishment of the SXEW plant.
Evaluation of the shallow oxide material has also advanced and on completion of this work Cyprium expects to update Mineral Resources & Ore Reserves estimates for the Nifty Copper Complex during the second half of 2026.
Royalty payments to Ecora are not triggered until cumulative 800kt of copper has been produced from the mine, taking into account historical copper production this threshold is not expected to be reached until at least 5 years from production restarting.