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

Cyprium Metals Ltd has entered a strategic alliance with leading global mining services provider Macmahon Holdings Ltd to accelerate the redevelopment of Cyprium’s Nifty Copper Complex in the Paterson region of Western Australia. The parties entered into a non-binding heads of agreement (HOA) for a strategic alliance under which Macmahon will lead and contribute internal resources to complete the bankable feasibility study (BFS) for the redevelopment of Nifty, via an early contractor involvement (ECI) contract. The BFS builds on Cyprium’s recent pre-feasibility study (PFS). Read more: Cyprium Metals robust Nifty pre-feasibility study points to $1,129 million pre-tax NPV and 797,000-tonne ore reserve Macmahon will lead Nifty site operations to accelerate scoping of feasibility studies and refurbishment programs. It is also tasked with identifying early revenue opportunities and will undertake rapid restart scenario planning to maximise advantage of brownfield infrastructure and prolific data. Upon completion of the works under the ECI Contract, it is envisaged that Cyprium and Macmahon will then enter an exclusive period to agree the terms of a life-of-mine, whole-of-site alliance style operations contract. “The strategic alliance with Macmahon represents a significant step forward in enhancing our operational and execution capacity, building required capability through partnership,” Cyprium executive chair Matt Fifield said. “Macmahon is a recognised leader in mining services, bringing extensive expertise in engineering, procurement and best-in-class operating and environmental systems. "Their operations align with the scale required for the new open-pit development at Nifty. They operate at the scale of mine and equipment that a new open pit at Nifty will require. “Macmahon’s expertise brings real-life experience to the feasibility process that further de-risks Nifty and sets parameters of our execution plans. “It’s clear that Cyprium and Macmahon share a common vision for long-term success – deliver on the 20-year reserve life potential of the Nifty Copper Complex and exploit accretive near-term revenue opportunities. Expect more on this in 2025 as we turn study work into actionable plans.” Macmahon managing director and CEO Mick Finnegan added: “We are excited to partner with Cyprium and contribute to accelerating Nifty’s redevelopment. "Nifty, the Paterson Range, and copper more broadly, are very interesting to us. “The project requirements fit many of our core capabilities including engineering services, operational execution and providing end-to-end value for our clients. "We look forward to the redevelopment of Nifty and resuming its history as a leading producer of Australian copper and being a value-adding execution partner for Cyprium.” Netflix Inc (NASDAQ:NFLX, ETR:NFC) has free rein to grow revenue after unveiling a boom in subscriber numbers over the last quarter, Wedbush analysts have said. A record 18.9 million subscribers were added during the fourth quarter, Netflix said on Tuesday, taking its year-end total to 302 million. Having trounced expectations, this left the streaming service able to avoid updating investors on subscriber numbers “for a while” and instead focus “solely” on revenue. Wedbush pointed to substantial price increases, which were also unveiled on Tuesday, alongside extra ad-tier features and expanded advertising. Though this could prompt some subscribers to trade down to cheaper plans, analysts added US$18 billion in planned new content meant “meaningful upside” to guidance in 2025. “The bottom line is that if the price increases drive more trade downs than churn, the result will be sooner ad-tier parity and even higher profitability,” analysts said. An ‘outperform’ rating was reiterated as a result, while Wedbush hiked Netflix’s share price target from US$950 to US$1,150. “While massive subscriber growth was the primary driver in 2024, we expect price increases to drive revenue growth in 2025 and the ad tier to drive revenue higher in 2026. “As Netflix expands from here, its contribution margin can massively exceed our estimates, driving outsized free cash flow.” Both UBS and Oppenheimer also upped Netflix’s share price target to US$1,150 respectively on the back of the update. “We believe Netflix’s dominance will continue, given its clear advantage in producing high-engagement content and monetizing that content more effectively than peers,” Oppenheimer said. UBS added growth was set to be further fueled over the coming year by new content from the likes of its ‘Stranger Things’ and ‘Squid Game’ franchises, alongside advertising, gaming and live content. Revenue was seen climbing by 13% over the course of 2025 as a result. Shares jumped 10.2% to US$958.14 on Wednesday.

Jan 23, 2025 | www.proactiveinvestors.com