Overview
Status | Care and Maintenance |
Mine Type | Underground |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 20 years (as of Jan 1, 2022) |
The Nifty Copper Project is in a state of readiness so that at the completion of the finance process, there is an effective and efficient transition from care and maintenance to full construction and then commissioning to production.
The re-start opportunity for Nifty: – The oxide open pit was stopped prematurely to access the underground sulphide ore to produce a low impurity copper concentrate to feed Aditya Birla Minerals India-based smelters. – Cyprium will restart the open pit oxide mine and re-treat the existing heap leach pads in Phase 1 of the Nifty Copper Project restart. – Phase 2 will continue the open pit into the sulphide portion of the orebody for a +20 year mine life. |
Source:
p. 54,64
Company | Interest | Ownership |
Nifty Copper Pty Ltd.
(operator)
|
100 %
|
Direct
|
Cyprium Metals Ltd.
|
100 %
|
Indirect
|
Paterson Copper Pty Ltd holds the Nifty Copper Operation through its 100%-owned subsidiary Nifty Copper Pty Ltd.
In March 2021, Cyprium acquired 100% of the shares on issue held by Metals X Limited (“Metals X”) in Paterson Copper Pty Ltd.
Contractors
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Summary:
The Nifty copper deposit is a sediment hosted copper deposit hosted within the Neoproterozoic sub greenschist facies of the Paterson Orogen, immediately to the east of the Archaean Pilbara Craton.
Copper mineralisation occurred/s as both supergene oxide, sulphide, and transitional mineralisation to a depth of approximately 300m and as stratabound hypogene sulphides hosted by carbonaceous and dolomitic shales, principally within the Nifty carbonate member, to a depth of approximately 600m. The mineralisation is a structurally controlled, chalcopyrite-quartz-dolomite replacement of carbonaceous and dolomitic shale within a folded sequence. The copper mineralisation is largely confined to the northern limb and keel of a significant syncline.
Weathering has altered the mineralisation to a depth of about 200m and therefore three main styles of copper mineralisation occur at Nifty:
1. Oxide dominated mineralisation consisting of malachite, azurite, cuprite, and native copper which extends to depths of up to 100m below the surface.
2. Supergene secondary sulphide mineralisation occurs overlying the base of oxidation. This style of mineralisation is dominated by chalcocite and occurs typically between 100m and 200m below the surface.
3. Primary sulphides occur in quartz-dolomite altered carbonates and shales. The primary copper mineral is chalcopyrite with minor covellite and bornite. Pyrite is a common gangue mineral but only occurs with chalcopy ........

Summary:
Underground mining is currently carried out using open stoping methods and backfill. This is a bulk mining method where stopes (25m wide, 25 to 50m long and 40 to 60m high) are drilled and blasted and copper ore is loaded and hauled into to an underground crusher and conveying system.
The Restart is focused around the first phase of heap leach retreat and oxide open pit, and it is envisaged that the life will extend to the sulphide stage of the open pit with a considerably larger resource available.
Source:
Summary:

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Production:
Commodity | Units | 2020 | 2019 | 2018 | 2017 |
Copper
|
t
| ......  | ......  | 16,774 | 23,264 |
All production numbers are expressed as metal in concentrate.
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Operational Metrics:
Metrics | 2020 | 2019 | 2018 | 2017 |
Ore tonnes mined
| 409,653 t | 1,321,032 t | 1,361,019 t | 1,390,007 t |
Tonnes processed
| 476,007 t | 1,254,879 t | 1,361,371 t | 1,397,534 t |
Annual processing capacity
| | 2.5 Mt | 2.5 Mt | 2.5 Mt |
Reserves at May 16, 2022:
Cut-off grade 0.25 % Cu.
Category | Tonnage | Commodity | Grade | Contained Metal |
Measured
|
48.7 Mt
|
Copper
|
1.1 %
|
524,700 t
|
Indicated
|
27.6 Mt
|
Copper
|
1 %
|
263,400 t
|
Inferred
|
18.8 Mt
|
Copper
|
0.8 %
|
152,100 t
|
Total Resource
|
95.1 Mt
|
Copper
|
1 %
|
940,200 t
|
Heavy Mobile Equipment as of October 4, 2019:
HME Type | Size | Quantity |
Truck (underground)
|
50 t
|
.......................
|
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Corporate Filings & Presentations:
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