CYPRIUM METALS LIMITED (CYM)

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

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.

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

$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.

The company releases a notification regarding unquoted securities.

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

The company releases a supplementary prospectus.

The company releases a notice of proposed issue of securities.

The company releases a notification regarding unquoted securities.

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

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.

The company lodges its Half Yearly Report and Accounts.

The company releases the results of its meeting.

The company releases its General Meeting Presentation.

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).

The company releases a notice of proposed issue of securities.

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

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).

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.

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.

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

The company lodges its Quarterly Activities Report.

The company releases an Investor Presentation.

The company releases a notice of proposed issue of securities.

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.

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.

The company releases the results of its AGM.

The company releases its AGM Presentation.

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.

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

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.

The company lodges its Quarterly Activities Report.

The company lodges its Appendix 5B Cash Flow Report.

The company releases a notification of cessation of securities.

The company releases its Corporate Governance Statement 2022.

The company lodges its Annual Report to shareholders.

The company releases a notification of cessation of securities.

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.

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.

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.

The company releases a notice of proposed issue of securities.

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.

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.

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.

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

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).

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

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.

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.

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

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

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.

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.

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.

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.

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.

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.

name changed from Arc Exploration Limited