Pembridge Resources plc Minto First Shipment (2306L)

TIDMPERE

RNS Number : 2306L

Pembridge Resources plc

29 April 2020

29 April 2020

Minto First Shipment

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce the first shipment to Japan of copper concentrate from the Minto mine.

As a major landmark since the re-opening of the Minto mine last year, the first shipment of copper concentrate has left the port of Skagway. The cargo represents the mine's production since re-opening until the end of March, which was previously transported to Skagway.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"This first shipment of copper concentrate is now on its way to Sumitomo in Japan. This is an important event for the Minto mine, both commercially and symbolically. Re-starting mine operations has been an important step in the plan for realizing Minto's value, although challenged by the latest COVID-19 developments. This landmark event shows the strength of the team at Minto and with the support of our partners, the ability to meet targets set."

ENDS

NOTES TO EDITORS

About Pembridge Resources plc

Pembridge is a mining company that is listed on the standard segment of the Official List of the FCA and trading on the main market for listed securities of London Stock Exchange plc. Pembridge has an investment in Minto Explorations Ltd, a British Columbia incorporated business operating the Minto mine in Yukon, Canada.

About Minto Explorations Limited

Minto operates the underground copper-gold-silver mine located in central Yukon, approximately 240 kilometres north of the capital Whitehorse along the Klondike Highway. In excess of US$350 million of capital expenditure has been invested into Minto operations since site construction began in 2006. The Minto mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance. Pembridge acquired Minto from Capstone Mining Corporation in June 2019 and restarted operations in October 2019.

Enquiries:

Pembridge Resources plc: [phone]

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board

David James, Chief Financial Officer

   Brandon Hill Capital - United Kingdom:                                       [phone] 

Jonathan Evans

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April 29, 2020 02:00 ET (06:00 GMT)