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Highlights
- Cyprium appoints new CFO and VP to strengthen executive team
- Strategic focus remains on restarting Nifty Copper Complex
- Key regulatory approvals secured for project advancement
Cyprium Metals (ASX:CYM) has announced two senior leadership appointments as the company continues to prepare for the phased restart of its flagship Nifty Copper Complex in Western Australia. These strategic changes reflect Cyprium’s broader goal of reinforcing operational readiness and enhancing market communication as it moves towards executing key project milestones.
Strengthened Executive Appointments
The company has named Jeff Sommers as Chief Financial Officer and Angus Miles as Vice President of Corporate Development. These roles will oversee financial strategy and investor relations respectively—two critical pillars as Cyprium navigates project execution and funding pathways.
Jeff Sommers, with over two decades of executive experience in corporate finance and transformation, will guide Cyprium’s financial stewardship. His background is expected to support robust capital management and structured reporting frameworks, helping underpin the company’s developmental ambitions at Nifty.
Angus Miles, who has served Cyprium in various commercial roles, will now lead investor communications. His experience in project development and stakeholder engagement across notable Australian resource companies places him in a strong position to guide market-facing efforts. This role becomes increasingly important as the company prepares for more direct interaction with the investment community during the redevelopment phase.
Regulatory Green Lights for Nifty
Cyprium has recently secured a suite of regulatory approvals for Phase 1 of the Nifty redevelopment project. These include amendments to construction requirements, an extension of the works approval, and a postponement of the mine closure plan. Collectively, these permissions de-risk the upcoming restart activities and align with Cyprium’s strategic timelines.
Central to the plan is the recommissioning of the solvent extraction and electrowinning (SX-EW) cathode plant—a key component of the Nifty operation. By focusing on phased development, Cyprium aims to optimise cost efficiency while gradually scaling up production capabilities.
Executive Chair Matt Fifield noted that aligning environmental approvals with operational plans was a major advancement, allowing the project to proceed with renewed clarity and regulatory compliance.
Copper Sector Relevance
Though Cyprium Metals is not currently listed in the ASX 200, the developments at Nifty and the strengthening of its executive bench position the company well in Australia’s expanding copper landscape. As global demand for critical minerals grows, projects like Nifty may play a pivotal role in regional supply chains.
With leadership appointments reinforcing both financial discipline and stakeholder communication, Cyprium is poised for its next phase of growth, aligning operational milestones with broader market expectations.
