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Proactive - Cyprium bolsters senior leadership team with key appointments

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Cyprium Metals Ltd (ASX: CYM, OTC:CYPMF) has strengthened its executive with the appointment of Jeff Sommers as chief financial officer (CFO) and Angus Miles as vice president of corporate development, leading investor relations.

These leadership changes align with the company’s focus on the phased restart of the Nifty Copper Complex in Western Australia’s Paterson region.

CYM recently received a suite of regulatory approvals and amendments that pave the way for Phase 1 redevelopment at Nifty. The approvals cover crucial aspects of the project, including modifications to construction specifications, an extension to the works approval, and a deferral of the mine closure plan submission.

These updates enable Cyprium to progress the restart of its solvent extraction and electrowinning (SX-EW) cathode plant, a central component of the staged reactivation strategy at Nifty.

Executive chair Matt Fifield said the approvals represented a major step forward in de-risking the project. “We have aligned Nifty’s environmental approvals with our forward work plans following a review of our existing approvals that cover the refurbishment and operation of the SX-EW plant, operation of the heap leach pads,” he said.

Jeff Sommers has officially been appointed CFO after initially joining Cyprium earlier this year to establish enterprise reporting and assurance frameworks in partnership with mining services provider Macmahon.

Sommers brings over 20 years of executive finance experience to the role, with previous positions at ASX-listed and global companies including Lion, Qantas, AMP, GenesisCare, and most recently, Folium.

His experience spans corporate finance, financial control, and enterprise transformation—skills considered integral to the company’s evolving operational and financial requirements. His appointment is expected to provide greater financial discipline and support Cyprium’s capital management and funding strategies as it progresses development activities at Nifty.

Angus Miles, who has been with Cyprium for over two years, has been appointed to lead investor relations as part of his role as Vice President of Corporate Development.

With a career that includes significant capital markets and transaction experience with Azure Capital and EY, and corporate development and investor relations experience with GreenTech Metals, Miles has a strong background in stakeholder engagement, project development, and commercial management.

His appointment to investor relations is intended to enhance Cyprium’s communication with shareholders and institutional investors, particularly as the company advances its restart strategy for the Nifty Copper Complex.

The move highlights Cyprium’s focus on clear communication with the market as the project moves closer to execution.