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CYPRIUM METALS LIMITED (CYM)

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Our website ranking of CYM: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000050536
Address: Level 1, 437 Roberts Road Subiaco, WA, 6008
Tel:  + 61 8 6169 3050Fax: (02) 9419 8099

Date first listed: 26/04/1985
Company Secretary: David Hwang
Sector: Materials Industry Group: XMJ
Activities: Mineral exploration in Canada, Indonesia and Australia

News & Events

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CYM issued ordinary shares have been reinstated to official quotation and will resume trading upon market open today following the confirmation from ASX of the satisfaction of certain conditions for reinstatement to quotation

21/09/2023

The suspension of trading in the securities of Cyprium Metals Limited will be lifted from the commencement of trading on Thursday, 21 September 2023, following the release by CYM of an announcement regarding the completion of a capital raising and confirmation of satisfaction of ASX's conditions for reinstatement.

20/09/2023

The company releases the following: Pre-Reinstatement Disclosure, Top 20 Shareholders and Distribution Schedule.

19/09/2023

$24M Placement to Sophisticated and Institutional Investors Completed. $5M Entitlement Offer closed oversubscribed raising $7.6M from book build and shareholder demand. $21M (US$14.5M) Bridging Facility Completed last quarter. Placement received significant demand from numerous new and existing high quality domestic and offshore institutions, family offices and private equity investors. Investor support for the Equity Raising provides a strong endorsement of Cyprium's strategy to restart the Nifty operation as a long-life large scale open pit mine. Leading private equity firm Pacific Road Capital Management has subscribed for $8.3M in the Equity Raising to hold a 15.5% interest in the Company.

18/09/2023

The company releases a notification regarding unquoted securities.

12/09/2023

The company releases a notice of application for quotation of securities.

12/09/2023

The company releases a supplementary prospectus.

11/09/2023

The company releases a notice of proposed issue of securities.

11/09/2023

The company releases a notification regarding unquoted securities.

11/09/2023

The company releases a notice of application for quotation of securities.

11/09/2023

The Company advises that the Entitlement Offer closed at 5.00 pm (AWST) on Thursday, 7 September 2023, and proceeds of approximately $1.6 million have been raised pursuant to the Entitlement Offer. The Company received applications for 40,496,934 Shares under the Entitlement Offer from existing Shareholders on the same terms as the Placement in respect of which the Company has received firm commitments for $24 million. The issue of the Shares and New Options under the Placement was approved by shareholders at the General Meeting held on 7 September 2023.

08/09/2023

The company lodges its Half Yearly Report and Accounts.

08/09/2023

The company releases the results of its meeting.

07/09/2023

The company releases its General Meeting Presentation.

07/09/2023

The company has executed a Shortfall Agreement with Nebari Natural Resources Credit Fund II, LP to take $500,000 of the shortfall under the $5,000,000 Entitlement Offer which closes on 7 September 2023. Under the Shortfall Agreement, Nebari has agreed to subscribe for $500,000 worth of Shares (being 12,500,000 Shares at an issue price of $0.04 per Share (with free attaching 1:2 Options at $0.06 per option) pursuant to the Shortfall Offer. The Board has received interest to take a substantial portion of the shortfall (if any).

28/08/2023

The company releases a notice of proposed issue of securities.

16/08/2023

The company releases an updated notice of proposed issue of securities.

15/08/2023

The company releases a prospectus for a pro-rata non-renounceable entitlement issue of one (1) Share for approximately every 5.84 Shares held by those Shareholders registered at the Record Date at an issue price of $0.04 per Share together with one (1) free attaching New Option for every two (2) Shares applied for and issued to raise up to $5,000,000 (before costs).

14/08/2023

Reinstatement will now occur following completion of the proposed capital raising, comprising: the placement to sophisticated and professional investors, in respect of which firm commitments for $24m have been received; and the pro rata non"renounceable rights issue to raise up to an additional $5 million (before costs). To avoid any potential delays with Reinstatement, a transaction specific prospectus for the Entitlement Offer will now be lodged during the notice period for the general meeting at which all approvals in relation to the Capital Raising will be sought.

09/08/2023

Notice is given that the General Meeting will be held at: 11:00am (AWST) on 07 September 2023 at Vibe Hotel Level 9, 9 Alvan Street SUBIACO WA 6008.

09/08/2023

The company lodges its Quarterly Appendix 5B Cash Flow Report.

31/07/2023

The company lodges its Quarterly Activities Report.

31/07/2023

The company releases an Investor Presentation.

13/07/2023

The company releases a notice of proposed issue of securities.

12/07/2023

Firm commitments received for a conditional placement to raise $24M. Additional pro rata non-renounceable entitlement offer to raise up to $5M. 1 new share for every 10.64 shares held on the record date. Offer will be open to all eligible Cyprium shareholders. Placement bookbuild received significant demand from numerous new and existing high quality domestic and offshore institutions. Investor support for the Placement provides a strong endorsement of Cyprium's strategy to restart the Nifty operation as a long life integrated large scale open pit mine. Mr Clive Donner, an experienced mining industry executive, to be appointed as Managing Director upon the issue of Placement Shares. Leading private equity firm Pacific Road Capital Management has subscribed for $4.05 million in the Placement to hold a 9.9% interest in the Company post Placement. Upon completion of the Placement, PRCM will have the right to appoint a nominee to the Company's board of directors.

12/07/2023

The company has secured an 18-month, A$21.0 million1 equivalent USD-denominated secured loan facility with Nebari Natural Resources Credit Fund II, LP. The facility has refinanced the existing short term Secured Loan Deed facility with Avior Asset Management No. 2 Pty Ltd and provides working capital to advance the development of Nifty.Cyprium and Nebari have executed formal loan documentation for a Senior Secured Loan Facility to provide up to USD14.5 million in two Tranches, with USD7.5 million drawn at closing and USD7.0 million available to be drawn subject to a limited number of conditions precedent.

26/06/2023

The company releases the results of its AGM.

31/05/2023

The company releases its AGM Presentation.

31/05/2023

Cyprium has, with immediate effect, appointed two experienced industry executives, Clive Donner and Milan Jerkovic, to work with the current management team and board. The refreshed team will review, optimise and recommend the best path to fund and execute the agreed development plan for the Nifty project. The Nifty development strategy includes the integration of a Copper Oxide Heap Leach SX-EW starter operation which will be complemented by the largerscale sulphide open pit, which will together provide a significant +20-year mine life based on +900,000 tonne contained copper resource. Cyprium has finalised a detailed Restart Study for the Oxide Heap Leach starter operation. The Company is nearing the completion of a scoping study which will lead into a detailed open pit life of mine study, which includes the large sulphide resource inventory. Cyprium has substantial infrastructure already in place to treat both oxide and sulphide mineral inventory.

23/05/2023

The company lodges an updated Appendix 5B Cash Flow Report.

01/05/2023

The company's AGM will be held at 11:00 am (WST) on 31 May 2023 at Vibe Hotel Level 9, 9 Alvan Street SUBIACO WA 6008.

28/04/2023

The company lodges its Quarterly Activities Report.

28/04/2023

The company lodges its Appendix 5B Cash Flow Report.

28/04/2023

The company releases a notification of cessation of securities.

13/04/2023

The company releases its Corporate Governance Statement 2022.

31/03/2023

The company lodges its Annual Report to shareholders.

31/03/2023

The company releases a notification of cessation of securities.

31/03/2023

The company has entered into a secured loan deed for $6 million. Cyprium is undertaking a full strategic review of all assets. Cyprium has a suite of high-quality copper projects with +1.6Mt of contained Copper in Mineral Resources.

24/03/2023

The securities of Cyprium Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding alternative financing arrangements for the Nifty Copper Project Restart.

23/02/2023

The suspension of trading in the securities of Cyprium Metals Limited will be lifted immediately following the release by CYM of an announcement regarding a capital raise.

06/02/2023

The company releases a notice of proposed issue of securities.

06/02/2023

Firm commitments received for a Placement of 318.6 million shares at $0.11 per share to raise A$35 million (before costs). Placement participants to receive 1 attaching option for each Share, with a 2-year term and an exercise price of $0.15 per option. Placement bookbuild received significant demand from numerous new and existing high quality domestic and offshore institutions. Investor support for the Placement provides a strong endorsement of Cyprium's strategy and will be used as part of a total funding package for the Nifty Copper Project Restart.

06/02/2023

The securities of Cyprium Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding a capital raising.

03/02/2023

The Supreme Court of Western Australia heard the Company's application seeking orders in relation to the Company's inadvertent administrative error in not lodging a cleansing notice in the required timeframe for the issue of shares on 11 December 2020. The Company has been granted orders and anticipates the trading of its securities will recommence at market open on 12 July 2022.

11/07/2022

The company releases a letter to ineligible shareholders in relation to the pro-rata non-renounceable rights issue.

11/07/2022

The company releases an entitlement issue prospectus for a pro-rata non-renounceable entitlement issue of one Share for every eight Shares held by those Shareholders registered at the Record Date at an issue price of $0.115 per Share to raise up to $10,119,276 (based on the number of Shares on issue as at the date of this Prospectus and assuming issue of the Placement Shares).

11/07/2022

The timetable in respect to the Entitlement Offer has been updated.

06/07/2022

The securities of Cyprium Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding the determination of the Court.

06/07/2022

The suspension of trading in the securities of Cyprium Metals Limited will be lifted immediately, following the release by CYM of an announcement regarding a strategic acquisition and a capital raising.

10/02/2021

The company releases a presentation on Paterson Copper Portfolio Acquisition & Capital Raising.

10/02/2021

The company releases a notice of Proposed issue of Securities - CYM.

10/02/2021

Cyprium to acquire Metals X's portfolio of Western Australian Copper Assets: Nifty Copper Mine (currently in care and maintenance); Maroochydore Copper Project; Paterson Exploration Project. Nifty and Maroochydore contain +1.1 Mt copper Mineral Resources(2012 JORC compliant) with substantial growth upside. Nifty offers a near-term open pit oxide heap leach production opportunity which includes extensive existing mine and site infrastructure. Maroochydore technical studies to be updated - presents a substantial oxide copper development project opportunity. Large, highly prospective +2,800km2 of exploration tenements in the Paterson Province, adjacent to Nifty processing infrastructure. Cyprium well placed to capitalise on strong positive global copper fundamentals. Firm commitments received for A$90 million placement at A$0.20 per share. Transaction rapidly advances several of Cyprium's previously stated objectives.

10/02/2021

The securities of Cyprium Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding a strategic acquisition and a capital raising.

09/02/2021

The suspension of trading in the securities of Cyprium Metals Limited will be lifted immediately, following the release by CYM of an announcement regarding diamond drilling assay results.

14/10/2019

The company announces the results from the metallurgical diamond drilling programme at Hollandaire and Hollandaire West at the Cue Copper Project. The drilling highlights are as follows: 10.4m @ 14.9% Cu in drill hole 19HOMET003 from 84.5m downhole including: 4.5m @ 21.9% Cu with 1.2 g/t Au and 46.4 g/t Ag from 90.4m; 19.1m @ 1.3% Cu in drill hole 19HOMET002 from 85.9m downhole including: 6.4m @ 2.1% Cu with 0.5 g/t Au and 10.5 g/t Ag from 98.6m; 27.9m @ 1.1% Cu in drill hole 19HOMET001 from 45.7m downhole including: 9.0m @ 1.6% Cu with 0.1 g/t Au and 2.3 g/t Ag from 63.2m.

14/10/2019

The company announces the results from the metallurgical diamond drilling programme at Hollandaire and Hollandaire West at the Cue Copper Project. The drilling highlights are as follows: 10.4m @ 14.9% Cu in drill hole 19HOMET003 from 84.5m downhole including: 4.5m @ 21.9% Cu with 1.2 g/t Au and 46.4 g/t Ag from 90.4m; 19.1m @ 1.3% Cu in drill hole 19HOMET002 from 85.9m downhole including: 6.4m @ 2.1% Cu with 0.5 g/t Au and 10.5 g/t Ag from 98.6m; 27.9m @ 1.1% Cu in drill hole 19HOMET001 from 45.7m downhole including: 9.0m @ 1.6% Cu with 0.1 g/t Au and 2.3 g/t Ag from 63.2m.

14/10/2019

The securities of Cyprium Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYM, pending the release of an announcement regarding diamond drilling assay results.

10/10/2019

name changed from Arc Exploration Limited

26/06/2019

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    29/12/2023Matthew Fifield3,249,646$0.027$88,251
    25/06/2021Nicholas Rowley385,000$0.265$102,025
    30/04/2021Gary Comb500,000$0.287$143,500
    01/04/2021Gary Comb400,000$0.738$295,000
    11/03/2021Gary Comb200,000$0.276$55,250

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Matthew FifieldExecutive Chairman13/09/2023
    Milan JerkovicCOO18/09/2023
    Manu TrivediCFO12/10/2023
    Gary CombNon Exec Director17/06/2019
    Ross BhappuNon Exec Director15/11/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Clive DonnerManaging Director13/09/202316/02/2024
    John FeatherbyNon Exec Director12/04/202315/11/2023
    Wayne AptedCFO17/06/201912/10/2023
    Barry CahillExecutive Director17/06/201913/09/2023
    Nicholas RowleyNon Exec Director31/05/201812/04/2023
    John BanningCOO06/12/202131/03/2023
    Marcello CardaciDirector31/05/201810/07/2019
    Simon TaylorNon Exec Director11/10/201617/06/2019
    Andrew J CookeNon Exec Director11/10/201630/06/2018
    Simon O'LoughlinNon Exec Chairman11/10/201631/05/2018
    Robert WillcocksNon Exec Director14/07/200813/09/2017
    Bruce WatsonNon Exec Chairman03/04/200511/10/2016
    Jeffrey MalaiholloManaging Director, CEO01/10/201311/10/2016
    Cahyono HalimCFO11/10/2016
    Max RamajayaNon Exec Director01/09/201411/10/2016
    John CarlileNon Exec Director03/03/199811/10/2016
    George TahijaNon Exec Director03/03/199822/05/2014
    Tony NadalinFinancial Controller07/12/200530/12/2012
    Christopher MelloyNon Exec Director09/01/200104/01/2008
    Ian PriceCEO18/11/200230/07/2006
    Pieter GreeffNon Exec Chairman13/03/200130/06/2005
    Bruce PatersonNon Exec Director03/03/199811/03/2005
    Robert BartonNon Exec Director09/01/200123/01/2003
    Kingston LeeDeputy Chairman06/08/199709/01/2001
    Anna ChengNon Exec Director05/09/199709/01/2001

    Date of first appointment, title may have changed.