Cyprium Metals (ASX: CYM) gives corporate update, announces two new appointments - Kalkine Media

Highlights

• New experienced industry executives have been included in the company's management team
• Clive Donner comes from mining private equity and financing background, and he will manage capital raising exercises
• Milan Jerkovic is a mining veteran who will provide support in execution of development plan for Nifty Project

ASX-listed Cyprium Metals Limited (ASX: CYM) -- having copper projects including the Nifty Copper Mine, and Maroochydore Copper Project -- has reported the addition of two experienced industry executives, with immediate effect, to work with its management team and board. These new executives at Cyprium Metals are Clive Donner and Milan Jerkovic.

Clive Donner comes from mining private equity and financing background and has been engaged by Cyprium to lead corporate development and capital raising exercises for the board. He will initially assist the company source and execute capital financing for ongoing development plan, after which Mr. Donner will review the long-term development pathway for commercialisation of Nifty project.

Milan Jerkovic is a mining industry veteran. He will help in execution of the development plan for Cyprium’s Nifty Project.

Further board and management changes are expected once the capital financing has been secured, the company has added in the latest announcement.

Source: Company update

Nifty Copper Project

The development strategy for the project includes the integration of a Copper Oxide Heap Leach SX-EW starter operation, to be accompanied by a larger-scale sulphide open pit, together providing a 20-year mine life based on over 900,000 tonnes contained copper resource.

A detailed Restart Study for the Oxide Heap Leach starter operation has been finalised and Cyprium is close to completing a scoping study.

Oxide Heap Leach SX-EW is expected to produce ~25,000 tpa copper cathode for more than seven years, and Sulphide Concentrator can likely produce between 28,000 tpa (2.8Mtpa at +1.0% copper) and 40,000 tpa (4.0 Mtpa at +1.0% copper) of copper in concentrate over 15 years.