Cyprium Metals Limited (ASX: CYM) has appointed a number experienced industry executives to join its team and support development of the Nifty Copper Project in Australia.
Clive Donner and Milan Jerkovic have been named to work with the current management team and board. The refreshed team will review, optimize and recommend the best path to fund and execute the agreed development plan for the Nifty project.
Mr Donner is an experienced mining private equity and financing expert, who has been engaged to lead the company’s focus on corporate development and capital raising initiatives for the board. His initial role will be to assist the company source and execute the capital financing for the current development plan and thereafter, review the optimum longer term development pathway to commercialize the full potential of the Nifty project. Mr Donner will focus on reviewing the capital intensity, timing and risk factors of the various longer term development alternatives.
Mr Jerkovic is an experienced mining veteran who will assist in the execution of the development plan for Nifty and provide leadership input to the development team in the company. He has previously built a number of mines, with substantial and relevant copper expertise.
It is anticipated that there will be further board and management changes once the capital financing has been secured. Barry Cahill will resign from the board and remain in a technical development role. The pair will continue as executives of the company on a full-time basis.
“The company has a high-quality portfolio of late-stage Australian based copper projects, with mineral resources of over 1.6 million tonnes of contain copper,” Cyprium’s Chairman, Gary Comb said.
“It is with pleasure that we announce the appointments of Clive Donner and Milan Jerkovic to the executive team of Cyprium. Their financing experience and knowledge will be of great benefit to optimize the development of Nifty and progress Cyprium’s pipeline of development projects.”
For further information please visit: https://cypriummetals.com/
