Phoenix Global Mining Ltd Attendance at Shares Spotlight Evening
01 November 2017 - 2:42AM
RNS Non-Regulatory
TIDMPGM
Phoenix Global Mining Ltd
31 October 2017
Phoenix Global Mining Ltd / Ticker: PGM / Sector: Mining
31 October 2017
Phoenix Global Mining Ltd ('Phoenix' or the 'Company')
Attendance at Shares Spotlight Evening
Phoenix Global Mining Ltd (AIM: PGM), the AIM quoted,
US-focused, copper exploration and development company is pleased
to announce its attendance at the Shares Spotlight Evening in
London on 16 November 2017. The Company will provide an overview of
its Empire Copper Mine, which is being fast-tracked into
production, and its recently acquired copper-cobalt licences, both
of which are located in the pro-mining jurisdiction of Idaho,
US.
The event will take place between 6.00pm and 9.30pm at the
Novotel Tower Bridge, London, EC3N 2NR. Shareholders and potential
investors can register to attend for free at:
http://www.sharesmagazine.co.uk/events.
**ENDS**
For further information please visit www.pgmining.com or
contact:
Phoenix Global Dennis Thomas & c/o St Brides Partners
Mining Ltd Richard Wilkins Tel: +44 20 7236
1177
--------------------- ------------------------ -----------------------
SP Angel Lindsay Mair / Caroline Tel: +44 20 3470
(Nominated Advisor) Rowe 0470
--------------------- ------------------------ -----------------------
Brandon Hill Jonathan Evans / Tel: +44 20 3463
Capital (Broker) Oliver Stansfield 5000
/ Alex Walker /
Robert Beenstock
--------------------- ------------------------ -----------------------
St Brides Partners Charlotte Page / Tel: +44 20 7236
(Financial PR) Susie Geliher 1177
--------------------- ------------------------ -----------------------
Notes
Phoenix Global Mining Ltd (AIM: PGM) is a US-focused, base metal
explorer and developer, which is fast-tracking the
historically-producing Empire Mine in Idaho, USA back into
production.
Having established an initial copper oxide JORC resource of
12.8mt grading 0.53% copper ('Cu') for 68,200t contained Cu from
historical drill holes, Phoenix has defined a two-phase development
strategy. Phase One is focused on commencing low cost, open pit
production from the current oxide resource, targeting 7,000t copper
cathode per annum by 2020 via an SX-EW plant. Stage Two will look
to extend the life of mine by targeting the deeper (below c.120m),
higher grade copper sulphides, where intercepts of up to 11.4% Cu
have been recovered. Pre-feasibility Study work on the priority
open pit oxide resource is already underway.
It is estimated that only 5% of the potential ore system has
been explored to date and accordingly there is significant
opportunity to increase the resource through phased exploration;
the current resource relates to the oxide resource only, which
remains open along strike and does not include the deeper, higher
grade sulphides. Furthermore, the Mine has an exploration target of
between 3.4 to 6.7 million tonnes (derived from historic data),
grading 0.34% to 0.50% Cu for 11,560 to 33,500 tonnes of additional
contained copper and there is potential to extract additional
metals, including gold, silver, zinc and tungsten.
The Company also holds two highly prospective cobber-cobalt
properties in Idaho, US, which are located north of the Empire
Mine. These are situated close to the town of Cobalt and are
proximal to projects being advanced by Canadian junior miners,
including eCobalt Solutions and US Cobalt. Early stage exploration
is currently underway and drilling is targeted to commence in
2018.
With a management team that has successfully constructed,
commissioned and operated mines and a low risk, mining-friendly
jurisdiction with excellent infrastructure, Phoenix is looking to
fulfil its ambitions to become a mid-tier base metal producing
company, offering exposure to two high demand technology metals
with compelling demand/supply fundamentals.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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