TIDMPXC
RNS Number : 6715M
Phoenix Copper Limited
25 May 2022
Phoenix Copper Limited / Ticker: PXC / Sector: Mining
25 May 2022
Phoenix Copper Limited
('Phoenix' or the 'Company')
Phoenix Corporate Appointments
Phoenix Team Expands with Hire of Public Relations Manager and
Investor Relations Coordinator
Phoenix Copper Limited (AIM: PXC, OTCQX ADR: PXCLY), the
AIM-quoted USA-focused base and precious metals emerging producer
and exploration company, is pleased to announce the appointments of
Public Relations Manager Brittany Lock and Investor Relations
Coordinator Paul de Gruchy.
Brittany Lock was born and raised in Idaho, USA and graduated
from Boise State University. Before joining the Phoenix management
team, Brittany worked as an Emmy winning journalist for Idaho's
most-watched television news station. During her career in public
relations, she has managed and supported communication strategies
for three mining and exploration companies operating in the state
of Idaho. In addition to managing Phoenix's Public Relations and
Investor Relations, Brittany is also a founding member of the Idaho
Woman Advocates of Mining organisation where she leads statewide
education efforts.
Brittany Lock, Public Relations Manager of Phoenix Copper
Limited, said: "I am a passionate advocate for the benefits of a
robust and responsible mining industry. In my role as Public
Relations Manager, I intend to use my skills and expertise to help
bridge the gap between Phoenix's operational and ESG priorities,
and the stakeholders who help make those operations possible."
Paul de Gruchy has over 20 years' experience in the legal
sector, including advising government and regulators, and as Head
of Legal for BNP Paribas Offshore. He is a keen private investor
and market commentator and was a non-executive director of GCP
Infrastructure Investments during a period that saw its market cap
grow from GBP30 million to over GBP1 billion. He is a graduate of
Queens' College Cambridge and is currently a director of ShareSoc,
the not-for-profit organisation representing private investor
interests in the UK.
Paul de Gruchy, Investor Relations Coordinator of Phoenix Copper
Limited, said: "I have been a supporter of Phoenix for quite some
time now. What has always excited me about the Company is the
experience and leadership of its directors. They've strategically
positioned the Company to produce metals that are essential to a
clean energy transition with a low-cost, highly cash generative,
flagship project. All this, with the highest standards of ESG. I am
eager to share this message and am looking forward to presenting at
the Mello investor conference this week."
Contacts
For further information please visit https://phoenixcopperlimited.com or contact:
Phoenix Copper Ryan McDermott Tel: +1
Limited Brittany Lock 208 954
Richard Wilkins 7039
Tel: +1
208 794
8033
Tel: +44
7590 216
657
SP Angel Corporate David Hignell / Caroline Tel: +44
Finance LLP Rowe 20 3470
(Nominated 0470
Adviser)
Tavira Securities Jonathan Evans / Oliver Tel: +44
Limited (Joint Stansfield 20 7100
Broker) 5100
WH Ireland Harry Ansell / Adam Pollock Tel: +44
(Joint Broker) / Katy Mitchell 20 7220
1666
Panmure Gordon John Prior / Hugh Rich Tel: +44
(UK) Limited / Ailsa Macmaster 20 7886
(Joint Broker) 2500
EAS Advisors Matt Bonner / Rogier de Tel: +1
(US Corporate la Rambelje (646) 495-2225
Adviser)
BlytheRay Tim Blythe / Megan Ray Tel: +44
(Financial 20 7138
PR) 3204
Notes
Phoenix Copper Limited is a USA focused, base and precious
metals emerging producer and exploration company, initially
targeting copper and zinc production from an open pit mine.
Phoenix's primary operations are focused near Mackay, Idaho in
the Alder Creek mining district, at the 80% owned Empire Mine
property, which historically produced copper at grades of up to 8%,
as well as gold, silver, zinc and tungsten, from an underground
mine.
Since 2017, Phoenix has carried our extensive drill programmes
which have defined a NI 43-101 compliant PEA (preliminary economic
assessment) for an open pit heap leach solvent extraction and
electrowinning ("SX-EW") mine, which was updated in October 2020.
The contained metal in all NI 43-101 compliant categories of
resources, Measured, Indicated and Inferred, stand at 129,641
tonnes of copper, 355,523 ounces of gold, 10,133,772 ounces of
silver and 58,440 tonnes of zinc. Phoenix updated its economic
model in February 2021 to include the processing of all contained
metals through a two phased approach.
In addition to Empire, the district includes the historic
Horseshoe, White Knob and Blue Bird Mines, past producers of
copper, gold, silver, zinc, lead and tungsten from underground
mines. A new discovery at Red Star, 330 metres northwest of the
Empire Mine proposed open pit, has revealed high grade silver /
lead sulphide ore, and from three shallow exploration drill holes a
maiden resource of 103,000 tonnes containing 173.4 g/tonne silver,
0.85 g/tonne gold and 3.85% lead (1.6 million ounces silver
equivalent) was reported in an NI 43-101 technical report published
in May 2019. Additionally, the district includes Navarre Creek, a
volcanic hosted precious metals target in a 14.48 sq km area. The
Company's total land package at Empire comprises 8,034 acres (32.51
sq kms).
At Empire, it is estimated that less than 1% of the potential
ore system has been explored to date and, accordingly, there is
significant opportunity to increase the resource through phased
exploration. The stated aim of the Company is to fund this phased
exploration through free cashflow generated by its initial mine. A
Plan of Operations in respect of the initial open pit mine was
filed with the relevant regulatory authorities in June 2021.
Phoenix also has two wholly owned cobalt properties on the Idaho
Cobalt Belt to the north of Empire. An Earn-In Agreement has been
signed with Electra Battery Materials (formerly First Cobalt
Corporation), Toronto, in respect of one of those properties.
Phoenix is listed on London's AIM (PXC), and trades on New
York's OTCQX Market (PXCLF and PXCLY (ADRs)). More details on the
Company, its assets and its objectives can be found on PXC's
website at https://phoenixcopperlimited.com/
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