{"id":14231,"date":"2025-01-23T02:53:01","date_gmt":"2025-01-23T02:53:01","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/23\/strategic-alliance-with-macmahon-to-accelerate-redevelopment-of-nifty\/"},"modified":"2025-01-23T02:53:01","modified_gmt":"2025-01-23T02:53:01","slug":"strategic-alliance-with-macmahon-to-accelerate-redevelopment-of-nifty","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/23\/strategic-alliance-with-macmahon-to-accelerate-redevelopment-of-nifty\/","title":{"rendered":"Strategic Alliance with Macmahon to Accelerate Redevelopment of Nifty"},"content":{"rendered":"<\/p>\n<p><strong>Cyprium Metals Limited<\/strong> (ASX: CYM, OTC: CYPMF) (Cyprium or the Company), a copper developer focused on recommencing production at the Nifty Copper Complex in the Paterson region of Western Australia (Nifty), has entered into a non-binding Heads of Agreement (HOA) for a Strategic Alliance with leading global mining services provider Macmahon Holdings Ltd (Macmahon) (ASX: MAH) to accelerate Cyprium\u2019s redevelopment of Nifty. <\/p>\n<p><strong>Highlights of the Strategic Alliance include:<\/strong><\/p>\n<p>Following the completion of the works under the ECI Contract, and subject to the parties\u2019 agreeing all relevant terms, it is envisaged that Cyprium and Macmahon will enter an exclusive period to agree the terms of a life-of-mine, whole-of site alliance style operations contract.<br \/>\nMacmahon to identify early revenue opportunities and undertake rapid restart scenario planning to maximise advantage of brownfield infrastructure and prolific data.<\/p>\n<p><strong>Cyprium Executive Chair, Matt Fifield, commented: <\/strong><em>\u201cThe Strategic Alliance with Macmahon represents a significant step forward in enhancing our operational and execution capacity, building required capability through partnership. Macmahon is a recognised leader in mining services, bringing extensive expertise in engineering, procurement and best-in-class operating and environmental systems. Their operations align with the scale required for the new open-pit development at Nifty. They operate at the scale of mine and equipment that a new open pit at Nifty will require. Macmahon\u2019s expertise brings real-life experience to the feasibility process that further de-risks Nifty and sets parameters of our execution plans.<\/em><\/p>\n<p><em>\u201cIt\u2019s clear that Cyprium and Macmahon share a common vision for long-term success \u2013 deliver on the 20- year reserve life potential of the Nifty Copper Complex and exploit accretive near-term revenue opportunities. Expect more on this in 2025 as we turn study work into actionable plans.\u201d<\/em><\/p>\n<p><strong>Macmahon Managing Director and CEO, Mick Finnegan, said:<\/strong><em>\u201cWe are excited to partner with Cyprium and contribute to accelerating Nifty\u2019s redevelopment. Nifty, the Paterson Range, and copper more broadly, are very interesting to us. The project requirements fit many of our core capabilities including engineering services, operational execution, and providing end-to-end value for our clients. We look forward to the redevelopment of Nifty and resuming its history as a leading producer of Australian copper and being a value-adding execution partner for Cyprium.\u201d <\/em><\/p>\n<p>Macmahon to Lead <strong><\/strong>BFS<\/p>\n<p>It is envisaged that Macmahon will take the lead role with the BFS and contribute internal engineering, planning, estimation and project management resources needed to complete the BFS and restart copper production, through the ECI Contract and subject to stage gates. Cyprium will fund BFS costs related to work scopes not completed by Macmahon.<\/p>\n<p>The BFS will build on Cyprium\u2019s 2024 PFS, which demonstrated the economic viability of a new surface mine to feed a refurbished plant to produce 694,000 tonnes of copper in concentrate across a 20-year project life (Concentrate Project), and a low capital, high returning opportunity to reprocess existing above- ground heap leach reserves to quickly establish revenues by producing copper cathode (Cathode Project).<\/p>\n<p><strong>Alliance-Style LOM Contract Expected<\/strong><\/p>\n<p>The HOA includes an exclusive period during which the parties commit to progressing the feasibility studies and executing an alliance-style life-of-mine contract. The parties expect this contract to cover all operations on site including surface mining, concentrator refurbishment, cathode startup, and ancillary infrastructure. The exclusive period commences from the execution of the ECI Contract. <\/p>\n<\/p>\n<p><strong>Click here for the full ASX Release<\/strong><\/p>\n<div><\/div>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company), a copper developer focused on recommencing production at the Nifty Copper Complex in the Paterson region of Western Australia (Nifty), has entered into a non-binding Heads of Agreement (HOA) for a Strategic Alliance with leading global mining services provider Macmahon Holdings Ltd (Macmahon) (ASX: [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":14232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=14231"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/14232"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=14231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=14231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=14231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}