Cyprium Metals Ltd has entered a strategic alliance with leading global mining services provider Macmahon Holdings Ltd to accelerate the redevelopment of Cyprium’s Nifty Copper Complex in the Paterson region of Western Australia.
The parties entered into a non-binding heads of agreement (HOA) for a strategic alliance under which Macmahon will lead and contribute internal resources to complete the bankable feasibility study (BFS) for the redevelopment of Nifty, via an early contractor involvement (ECI) contract.
The BFS builds on Cyprium’s recent pre-feasibility study (PFS).
Macmahon will lead Nifty site operations to accelerate scoping of feasibility studies and refurbishment programs. It is also tasked with identifying early revenue opportunities and will undertake rapid restart scenario planning to maximise advantage of brownfield infrastructure and prolific data.
Upon completion of the works under the ECI Contract, it is envisaged that Cyprium and Macmahon will then enter …