Phoenix Global Mining Ltd New Corporate Presentation

TIDMPGM

Phoenix Global Mining Ltd

16 November 2017

Phoenix Global Mining Ltd / Ticker: PGM / Sector: Mining

16 November 2017

Phoenix Global Mining (PGM) (the "Company" or "Phoenix")

New Corporate Presentation

Phoenix Global Mining Ltd (AIM:PGM), the AIM quoted, US-focused copper exploration and development company, is pleased to announce that an updated version of its corporate presentation is now available to view on the Company's website at www.pgmining.com

The presentation contains no new material information that has not already been disclosed.

**ENDS**

For further information please visit www.pgmining.com or contact:

 
 Phoenix Global         Dennis Thomas & Richard    c/o St Brides 
  Mining Ltd             Wilkins                        Partners 
                                                     [phone] 
                                                            1177 
---------------------  -------------------------  -------------- 
 SP Angel               Lindsay Mair / Caroline         Tel: +44 
  (Nominated Advisor)    Rowe                       20 3470 0470 
---------------------  -------------------------  -------------- 
 Brandon Hill           Jonathan Evans / Oliver         Tel: +44 
  Capital (Broker)       Stansfield/ Alex Walker    20 3463 5000 
                         /Robert Beenstock 
---------------------  -------------------------  -------------- 
 St Brides Partners     Charlotte Page / Susie          Tel: +44 
  (Financial PR)         Geliher / Hugo de Salis    20 7236 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 19.4 mt grading 0.47% copper ('Cu') for 90,547 t contained Cu. 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. Preliminary 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. The Company also holds two prospective copper-cobalt properties in Idaho, US, which are located north of the Empire Mine. These are situated close to the town of Cobalt and are close to projects being advanced by Canadian junior miners, including eCobalt Solutions and US Cobalt. Early stage exploration is underway with drilling 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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November 16, 2017 02:01 ET (07:01 GMT)