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.
In 2025, the Board of Cyprium Metals Limited (Cyprium), a copper developer focused on the phased restart of the Nifty copper complex, approved the Cathode Project restart plan with first production of copper cathode expected in mid-2026.
Royalty payments to Ecora are triggered once a cumulative 800kt of copper has been produced from the mine. Taking into account historical production, as well as Cyprium’s forecast copper production, this threshold is expected to be reached five years following the restart of mining operations.
In January 2026, Cyprium announced that it has completed a A$41m equity raise, with part of the proceeds to be used for studies and early works on growth initiatives including the reactivation of the Nifty open pit, expansion of heap leach and SXEW capacity and concentrator refurbishment studies.