Phoenix Copper Limited New Corporate Presentation

TIDMPXC

Phoenix Copper Limited

28 June 2022

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

28 June 2022

Phoenix Copper Limited

("Phoenix" or the "Company")

New 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 an updated Corporate Presentation will be available today for download on the Company's website at https://phoenixcopperlimited.com/media-presentations

Contacts

For further information please visit https://phoenixcopperlimited.com or contact:

 
 Phoenix Copper            Ryan McDermott                       Tel: +1 208 
  Limited                   Brittany Lock                        954 7039 
                            Richard Wilkins                      Tel: +1 208 
                                                                 794 8033 
                                                                 Tel: +44 7590 
                                                                 216 657 
 SP Angel Corporate        David Hignell / Caroline             Tel: +44 20 
  Finance LLP (Nominated    Rowe                                 3470 0470 
  Adviser) 
                          -----------------------------------  --------------- 
 Tavira Securities         Jonathan Evans / Oliver Stansfield   Tel: +44 20 
  Ltd (Joint Broker)                                             7100 5100 
                          -----------------------------------  --------------- 
 WH Ireland (Joint         Harry Ansell / Adam Pollock          Tel: +44 207 
  Broker)                   / Katy Mitchell                      2201666 
                          -----------------------------------  --------------- 
 Panmure Gordon            John Prior / Hugh Rich /             Tel: +44 20 
  (UK) Limited              Ailsa Macmaster                      7886 2500 
  (Joint Broker) 
                          -----------------------------------  --------------- 
 EAS Advisors              Matt Bonner / Rogier de la           Tel: +1 (646) 
  (US Corporate             Rambelje                             495-2225 
  Adviser) 
                          -----------------------------------  --------------- 
 BlytheRay                 Tim Blythe / Megan Ray               Tel: +44 20 
  (Financial PR)                                                 7138 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. 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAKDLFLLQLBBBD

(END) Dow Jones Newswires

June 28, 2022 02:00 ET (06:00 GMT)