Phoenix Copper Limited / Ticker:
PXC / Sector: Mining
28 November 2024
Phoenix Copper
Limited
("Phoenix" or the
"Company")
New Website and Updated
Corporate Presentation
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 that it has launched a new Company website,
which can be viewed via the following link: https://phoenixcopper.com.
In conjunction with this rebranding
exercise, the Company also announces that an updated Corporate
Presentation has been uploaded to the website and is now available
for download via: https://phoenixcopper.com/investors/corporate-presentation/.
The presentation makes reference to
the Company's aim of completing the permitting process for the
Empire Mine during 2025, followed by the commencement of production
during 2026. For the avoidance of doubt, these timelines are
estimates and are dependent upon both the satisfactory completion
of the permitting process and the Company having access to funding
to complete the construction of the Empire Mine.
Market Abuse Regulation (MAR) Disclosure
The Company deems the information
contained within this announcement to constitute inside information
as stipulated under the Market Abuse Regulations (EU) No. 596/2014,
which has been incorporated into UK law by
the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
Environmental, Social, and Corporate
Governance
Phoenix is committed to meeting
and exceeding the environmental standards required by law as a core
value of the Company. The baseline environmental data collected to
date will be used to further the permitting process, but as
importantly, will be used as the building blocks for the Company's
ongoing Environmental, Social, and Corporate Governance ("ESG")
platform, overseen by the Company's ESG & Sustainability
Committee.
For further information please
visit https://phoenixcopperlimited.com.
|
Phoenix Copper Limited
|
Ryan McDermott
Paul de Gruchy
Richard Wilkins
|
Tel: +1 208 9547039
Tel: +44 7484 203 720
Tel: +44 7590 216 657
|
|
SP Angel Corporate Finance
LLP (Nominated Adviser)
|
David Hignell / Caroline
Rowe / Devik Mehta
|
Tel: +44 20 3470 0470
|
|
Tavira Financial Limited (Joint
Broker)
|
Jonathan Evans / Oliver
Stansfield
|
Tel: +44 20 7100 5100
|
|
Zeus Capital Limited (Joint
Broker)
|
Harry Ansell / Katy
Mitchell
|
Tel: +44 20 7220 1666
|
|
Panmure Liberum (UK)
Limited (Joint Broker)
|
Mark Murphy / Kieron
Hodgson
|
Tel: +44 20 7886 2500
|
|
EAS Advisors (US Corporate
Adviser)
|
Matt Bonner / Rogier de la
Rambelje
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Tel: +1 (646) 495-2225
|
|
BlytheRay
(Financial PR)
|
Tim Blythe / Megan
Ray
|
Tel: +44 20 7138 3204
|
Notes
Phoenix Copper Limited is an
emerging producer and exploration company specialising in base and
precious metals, with an initial focus on copper, gold, and silver
extraction from an open-pit mining operation within the United
States.
Located in the historic Alder
Creek mining district near Mackay,
Idaho, Phoenix's flagship asset is the Empire Mine,
in which the Company holds an 80% ownership stake. The historic
Empire underground mine, located beneath the surface of the
Company's proposed open pit, boasts a rich history of producing
high-grade copper, gold, silver, zinc, and tungsten.
Since 2017, Phoenix has
executed extensive drilling initiatives, resulting in an expansion
of the Empire Open-Pit resource by over 200%. In May
2024 the Company published its inaugural mineral reserve
statement for the Empire Open-Pit Mine. Proven and Probable
mineral reserves are 10.1 million tonnes containing 109,487,970 lbs
of copper, 104,000 oz of gold and 4,654,400 oz of silver. This
reserve was estimated using assay data from 485 drill holes,
extensive geological modelling, metallurgical recovery test work,
geotechnical evaluation, and mine design. The reserve represents a
combined 66,467 tonnes of copper equivalent metal.
In addition to the Empire
Mine, Phoenix's holdings in the district also encompass
the Horseshoe, White Knob, and Blue Bird Mines, all of which
have been producers of copper, gold, silver, zinc, lead, and
tungsten from underground operations, a new high-grade silver and
lead orebody at Red Star, and the Navarre Creek gold
exploration project, which was first drilled in 2023. The Company's
land package at Empire spans 8,434 acres (34 sq km).
Phoenix also owns two cobalt
properties situated along the Idaho Cobalt Belt to the north of
Empire. An Earn-In Agreement has been established concerning one of
these 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/