Australia's Cyprium Metals soars on deal to accelarate WA copper project

Macmahon Holdings

23/01/2025 24:36

** Shares of Cyprium Metals  CYM.AX  rise as much as 11.1%
to A$0.03
    ** Copper develop rose as much as 18.5% earlier in the day,
hitting their highest level since Oct. 21         
    ** Co enters non-binding heads of agreement with mining
services provider Macmahon Holdings  MAH.AX 
    ** Says agreement is to accelerate co's redevelopment of
Nifty Copper Complex in Western Australia
    ** Shares of Macmahon fall 1.6% to A$0.315
    ** Cyprium up more than 17% this year, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))