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Proactive investors - Cyprium Metals executes ECI with Macmahon for Nifty restart studies

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Cyprium Metals Ltd has cemented its strategic alliance with leading global mining services provider Macmahon Holdings Ltd by executing an Early Contractor Involvement (ECI) contract.

The ECI contract marks the start of a scope of works to advance Cyprium’s pre-feasibility study (PFS) towards a bankable feasibility study (BFS) for the restart of production at the Nifty Copper Complex in the Paterson region of Western Australia.

It means that Macmahon has the lead role during an exclusive period during which the parties commit to progressing the feasibility studies and executing an alliance-style life-of-mine contract.

READ: Cyprium Metals forms strategic alliance with Macmahon to accelerate Nifty copper redevelopment

This contract is in line with a non-binding heads of agreement (HOA) signed with Macmahon last month.

As well as leading Nifty site operations to accelerate scoping of studies and refurbishment programs, Macmahon is also tasked with identifying early revenue opportunities and will undertake rapid restart scenario planning to maximise advantage of brownfield infrastructure and prolific data.

Read the full article on Proactive Investors

Proactive - Cyprium Metals executes ECI with Macmahon for Nifty restart studies