Cyprium adds copper and ESG depth to board

Proactive

Written by Jonathan Jackson

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) will seek shareholder approval at its late-November AGM to appoint Jim Simpson and Amber Banfield as non-executive directors as the company advances the phased restart of the Nifty Copper Complex in WA’s Paterson region. Current non-executive director Ross Bhappu will retire at the conclusion of the meeting.

Executive chair Matt Fifield said the proposed appointments align the board’s skills with the company’s next phase of development, following a recent capital raise and work programs aimed at initial cathode production at Nifty.

“Jim brings deep copper experience and has navigated many of the steps ahead of us. Amber adds strength in governance, sustainability and stakeholder communication,” Fifield said.

Subject to approval, Simpson and Banfield will join immediately following the AGM. Bhappu will step down after two years on the board.

Incoming directors

Jim Simpson is a mining executive with operational and development experience across copper assets. He was most recently managing director of Peel Mining, a Cobar-district copper developer, and previously managing director of Aurelia Metals. During his tenure at Aurelia, the company stabilised production at its first operation, acquired a second mine, reduced debt and entered the ASX 300. Earlier roles covered underground operations, study and planning work, and copper leaching.

Amber Banfield brings nearly 30 years across the resources, energy and infrastructure sectors. She is chair of SRG Global (ASX: SRG) and a non-executive director of Perseus Mining (ASX: PRU). Her prior executive and advisory roles include senior positions at Worley (ASX: WOR), where she contributed to the company’s growth as a global engineering services provider. More recently, she has advised Australian companies on ESG strategy, decarbonisation initiatives and sustainable investment.

Project status and strategy

Cyprium is executing a staged return to production at Nifty, a brownfields copper project with existing infrastructure. The restart plan targets near-term cathode production through leach-SX-EW while assessing longer-term expansions. The company has indicated that board composition is being aligned to operational delivery, sustainability performance and market communication as Nifty moves toward restart milestones.

Timing and next steps

• AGM: Late November (date to be confirmed).

• Resolutions: Election of Simpson and Banfield as non-executive directors.

• Transition: Bhappu to retire at the close of the meeting; new directors to join immediately thereafter, subject to vote.

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