HIGHLIGHTS
- Fixed Income Investor Calls commencing with international debt capital market investors
- The contemplated Senior Secured Bond Issue is part of a total debt funding package for the Nifty Copper Project Restart
- All Required Regulatory Approvals prior to financing have been received
Managing Director
"We are very pleased to have finalised due diligence and documentation to commence fixed income investor calls for a contemplated Senior Secured Bond Issue with
The restart project economics remain very robust and are further enhanced based on current copper prices of around AUD13,000 per tonne. These copper prices are AUD1,000 per tonne higher than used in the Nifty Copper Project Restart Study.
As all of the required regulatory approvals have been able to be completed prior to financing being received, we are looking forward to completing our total funding package so that we can commence executing our
The net proceeds from the contemplated bond issue together with the Offtake Prepayment Facility (refer to CYM ASX announcement dated
All of the approvals that are required prior to completion of financing have been received, with the final approval for the amendment to the State Agreement required to be submitted post finance. The Company will advise of any material developments as the proposed issue is progressed.
About
Contact:
Executive Director
T: +61 8 6374 1550
Chief Financial Officer
and Company Secretary
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com
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