A New Copper Producer - An Overnight Success
Coffee with Samso Episode 69 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM)
Cyprium Metals is now a copper producer having acquired the Nifty Copper Mine and Maroochydore Copper project.
When I was preparing for this Coffee with Samso, Cyprium had a AUD20M market capitalisation. That same morning, Cyprium announced the acquisition which will make them a producer in 2022. What their market capitalisation will be after this move will become very clear in the coming week.
I have been a copper bull for a long time and I am very interested in what this company can do with these projects. Barry Cahill comes from a strong history of making projects like this work and hearing him speak gives me the same confidence. He has a wealth of experience and this new challenge will see him working hard for the next few years.
From what I can tell, the new story for Cyprium is going to make them a lone sailor in this sector of the copper market. I cannot think of another company that can produce metal in 18 months and with a large exploration potential.
Barry Cahill shares with us his thoughts and passion on the path forward.
About Barry Cahill
Mr. Cahill is a mining engineer with over 30 years’ experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development. He was the Managing Director of Finders Resources Limited from 2013 until its takeover in 2018. Mr. Cahill has previously been executive director of a number of public companies including operations director at Perilya Limited and Managing Director of Australian Mines Limited and Norseman Gold Plc.
About Cyprium Metals Limited (ASX:CYM)
Cyprium Metals Limited (ASX: CYM) is an ASX listed company headquartered in Perth, WA, that is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital commodities, strong shareholder returns and sustainable value for our stakeholders.
Cyprium has projects with mineral resources of 200,000 tonnes of copper (Hollandaire 51.5kt JORC 2012 and Nanadie Well 151.5kt JORC 2004) and 100,000 ounces of gold (Hollandaire 28.8koz JORC 2012 and Nanadie Well 74.2koz JORC 2004) in the Murchison region, an established Western Australian mining jurisdiction, which includes the Cue Copper Project and the nearby Nanadie Well Copper Gold Project.
Cyprium has a highly credentialed executive management team in place with a meaningful equity investment, to target projects that have a copper mineral resource, with sulphide mineralisation and high sulphide content, together with excellent potential to increase the size of the mineral resource.
The development of the projects will be optimised using low-cost sulphide heap leach, which is ideal for stranded projects, problematic mineralogy, lack of scale and/or challenging locations. Innovative processing solutions will be used with the aim of producing final metal product on site to maximise value.
Cyprium pursues their strategy with all of their stakeholders, which includes employees, global markets, suppliers, shareholders, communities and government, that is based on integrity, co-operation, transparency and mutual value creation.
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