Phoenix Copper Ltd - British Virgin Islands-based base and precious metals production and exploration company - Co-Founder Roger Turner is stepping down from his current roles as non-executive director and chief technical officer with immediate effect, for personal and health reasons. Turner will continue to advise the company on a part-time consultancy basis. Turner has been with Phoenix since 2013, when he co-founded the company.
Phoenix Chair Marcus Edwards-Jones comments: "I sincerely thank Roger for his invaluable input over the last 8 years. Roger's wisdom and experience have been instrumental in much of what we have achieved over that period and I am delighted that he will remain involved with the company, albeit in a part-time consultancy role.
"We expect 2022 to be a significant year for the company as we look to permit, finance and construct our open pit copper mine at Empire, and continue our exploration programmes on the surrounding mineralised district, as well as the historically mined sulphide deposit below the open pit."
Current stock price: 53.24 pence, down 1.0% on Friday
Year-to-date change: up 35%
By Will Paige; willpaige@alliancenews.com
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Phoenix Copper. (PXC)