Cyprium Metals Ltd (ASX:CYM) Quarterly Activities Report
Quarterly Activities ReportPerth, April 29, 2021 AEST (ABN Newswire) - Cyprium Metals Limited (
ASX:CYM) is pleased to provide an overview of the Company s activities for the 3 months ending 31 March 2021 ( Quarter ).
Paterson Copper Projects
During February 2021, Cyprium entered into a Share Sale Agreement with Metals X Limited (
ASX:MLX) ( Metals X ) to acquire its 100% owned entity Paterson Copper Pty Ltd, the owner of the Nifty Copper Mine, Maroochydore Copper Project and the Paterson Exploration Project, which includes the farm-in agreement with IGO Limited ( IGO ) (together Copper Assets ) (the Transaction ). This portfolio of copper projects is located in the highly prospective Paterson Province of Western Australia.
Which ASX mining shares can take advantage of soaring copper prices?
Kerry Sun | April 27, 2021 1:50pm |
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While ASX mining shares such as
BHP Group Ltd(ASX: BHP) are diversified producers with copper production, here are the pure copper majors and juniors of the ASX.
Copper majors
Oz Minerals is the largest copper-focused ASX share with a market capitalisation of approximately $8 billion. Its shares have soared alongside copper prices, up 26% year-to-date and more than 150% in the past 12-months to record territory.
The company delivered a mixed first-quarter update with the softer copper product due to its Carrapatenna mine switching contractors, which lowered fleet availability and grades. Despite quarterly production potentially missing expectations, the company believes it is on track to meet its FY21 production guidance.
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