Cyprium Metals Divests Cue Project in Western Australia

MT Newswires Live

2025/03/21

Cyprium Metals (ASX:CYM) agreed to sell its Cue project in Western Australia to Q Resources, according to a Friday filing with the Australian bourse.

The transaction consideration includes AU$75,000 cash payment on completion of binding documentation and transfer of the Cue tenements, per the filing.

Cyprium will also receive 1% net smelter royalty on future output. QR may buy back 50% of the royalty for AU$500,000 if it becomes publicly listed. Further, Cyprium will receive 9.9% of the shares on a public listing of QR.

The disposal concludes the strategic review into Cyprium's copper portfolio in the Murchison region of Western Australia, the filing stated.

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QR may buy back 50% of the royalty for AU$500,000 if it becomes publicly listed. Further, Cyprium will receive 9.9% of the shares on a public listing of QR.</p><p>The disposal concludes the strategic review into Cyprium's copper portfolio in the Murchison region of Western Australia, the filing stated.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CYM.AU","symbol_name":"Cyprium Metals","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521487524","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521487524","pubTimestamp":1742523994,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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