Strategic Partnership with Macmahon to Speed Up the Redevelopment of Nifty

Jan 23, 2025

Cyprium Metals Ltd (ASX: CYM) has entered a non-binding Heads of Agreement with Macmahon Holdings Ltd (ASX: MAH) to accelerate the redevelopment of the Nifty Copper Complex in Western Australia. This Strategic Alliance leverages Macmahon’s expertise in mining services to enhance Cyprium’s operational and execution capabilities.

It includes Macmahon leading the completion of the Bankable Feasibility Study via an Early Contractor Involvement contract, identifying early revenue opportunities, and supporting feasibility and refurbishment programs. Following the BFS, the companies aim to establish a long-term, life-of-mine operations contract. Cyprium Executive Chair Matt Fifield highlighted the partnership as a significant step in unlocking Nifty’s 20-year reserve potential. This alliance aims to de-risk Nifty’s redevelopment and position it as an essential Australian copper producer.

 

 

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