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Pin to quick picksPhoenix Copper. Regulatory News (PXC)

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Corporate Presentation

5 Jun 2019 07:00

RNS Number : 1494B
Phoenix Global Mining Ltd
05 June 2019
 

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

5 June 2019

Phoenix Global Mining Ltd ('Phoenix' or the 'Company')

 

Corporate Presentation

 

Phoenix Global Mining Ltd (AIM:PGM, OTCQX: PGMLF), the North American-focused base and precious metals exploration and development company, has updated its corporate presentation. A copy of the Company's updated corporate presentation can be found on its website at https://www.pgmining.com.

 

 

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

Phoenix Global Mining Ltd

Dennis Thomas / Richard Wilkins

Tel: +44 7827 290 849 (Dennis) / 

+44 7590 216 657 (Richard)

 

SP Angel

(Nominated Adviser and Joint Broker)

 

Lindsay Mair / Caroline Rowe

Tel: +44 20 3470 0470

Brandon Hill Capital (Joint Broker)

Jonathan Evans / Oliver Stansfield

 

Tel: +44 20 3463 5000

Blytheweigh

(Financial PR)

Tim Blythe / Camilla Horsfall / Megan Ray

Tel: +44 20 7138 3204

 

Notes

Phoenix Global Mining Ltd (AIM: PGM, OTCQX: PGMLF) is a North American focused, base and precious metal explorer and developer, which is fast-tracking the historically-producing Empire Mine in Idaho, USA, back into production, and exploring for cobalt in Idaho.

Phoenix's flagship project is a brownfield, past producing, copper, gold, silver, zinc and tungsten underground mine, the Empire Mine near Mackay in Idaho. Phoenix acquired an 80% interest in the property in 2015. Based on a total of 320 drill holes an oxide resource was completed in late 2017. A NI 43-101 compliant PEA (preliminary economic assessment) for an open pit heap leach solvent extraction and electrowinning ("SX-EW") mine was completed in April 2018. In June 2018 a drilling campaign consisting of 8,600 metres in 93 holes was started and completed in late 2018. This programme was designed to upgrade and increase the oxide resources, provide samples for ongoing metallurgical testwork, geotechnical and hydrological studies and condemnation drilling for the heap leach pad site, waste dump and plant site. An updated NI 43-101 compliant resource was completed in early May 2019 which resulted in an increase from the PEA resources of 37% contained copper and 108% contained zinc. This resource will now be used as the basis for the Bankable Feasibility Study ("BFS") scheduled for completion in mid 2020.

At Empire, it is estimated that only 1 to 2% 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 resources relate to the oxide resource only, with the exception of the Red Star discovery "Inferred" resource, which remains open along strike and does not include the deeper, higher grade sulphides. In addition, Phoenix has increased the claim area from 818 acres at the time of its acquisition to 5,717 acres, mainly to the northwest and west, and in so doing has increased the potential for additional oxide and sulphide resources by a total strike length of approximately 2,500 metres towards another brownfield mine, the Horseshoe Mine, which is now within the property boundary.

The Company also holds two prospective 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 First Cobalt. Fieldwork, consisting of mapping and sampling and locating drill holes for the 2019 drilling programme, has been completed.

With a management team that has successfully constructed, commissioned and operated mines and low risk, mining-friendly jurisdictions with excellent infrastructure, Phoenix is looking to fulfil its ambitions to become a mid-tier base metal, precious metal and cobalt production company, offering exposure to high value and high demand metals with compelling demand/supply fundamentals.

More details on the Company, its assets and its objectives can be found on PGM's website at www.pgmining.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRASSDESLFUSESM
Date   Source Headline
27th Mar 20247:00 amRNSExtension of Warrants
19th Mar 20247:00 amRNSPurchase of Empire Processing Equipment Finalised
4th Mar 20247:00 amRNSRefinancing of Short-Term Loan Facility
19th Feb 20247:00 amRNSUpdate: Purchase of Equipment and Debt Refinancing
31st Jan 20246:15 pmRNSResult of Retail Offer and Additional Subscription
26th Jan 202412:10 pmRNSResult of Placing and Subscription
26th Jan 20249:25 amRNSClose of Accelerated Bookbuild
26th Jan 20247:01 amRNSRetail Offer
26th Jan 20247:00 amRNSProposed Placing, Subscription and Retail Offer
18th Jan 20247:00 amRNSOperational Update
5th Jan 20247:00 amRNSCorporate copper bonds and loan facility update
11th Dec 20237:00 amRNSExtension of Loan Facility
20th Nov 20237:00 amRNSExtension of Loan Facility
24th Oct 20237:00 amRNSUpdate for Navarre Creek Exploratory Drilling
10th Oct 20235:02 pmRNSBlock Listing Six Monthly Return
28th Sep 20237:00 amRNSInterim Results
4th Sep 20237:00 amRNSResults of Metallurgical Testing at Empire Mine
17th Jul 20237:00 amRNSCommencement of Navarre Creek Drilling Programme
23rd Jun 20237:00 amRNSExtension of Loan Facility
8th Jun 202312:33 pmRNSResult of Annual General Meeting
6th Jun 20237:00 amRNSPreliminary Results of Metallurgical Testing
25th May 20237:00 amRNSFinal results for the year ended 31 December 2022
12th Apr 20237:00 amRNSExploration Drilling Results at the Empire Mine
6th Apr 20237:00 amRNSBlock Listing Six Monthly Return
29th Mar 20239:05 amRNSSecond Price Monitoring Extn
29th Mar 20239:00 amRNSPrice Monitoring Extension
24th Mar 20239:05 amRNSSecond Price Monitoring Extn
24th Mar 20239:00 amRNSPrice Monitoring Extension
24th Mar 20237:00 amRNSCorporate Update
16th Mar 20237:00 amRNSFurther Results of Metallurgical Core Drilling
12th Jan 20237:00 amRNSFurther Results of Metallurgical Core Drilling
5th Jan 20237:00 amRNSPhoenix Subsidiary Welcomes New General Manager
4th Jan 20237:00 amRNSAdditional Results of Metallurgical Core Drilling
9th Dec 202211:00 amRNSPrice Monitoring Extension
10th Nov 20227:00 amRNSInitial Results of Metallurgical Core Drilling
6th Oct 20227:00 amRNSBlock Listing Six Monthly Return
29th Sep 202211:05 amRNSSecond Price Monitoring Extn
29th Sep 202211:00 amRNSPrice Monitoring Extension
29th Sep 20227:00 amRNSInterim Results
23rd Sep 20229:06 amRNSSecond Price Monitoring Extn
23rd Sep 20229:00 amRNSPrice Monitoring Extension
20th Sep 20221:47 pmRNSTR-1: Notification of major holdings
15th Sep 20222:05 pmRNSSecond Price Monitoring Extn
15th Sep 20222:00 pmRNSPrice Monitoring Extension
13th Sep 20222:05 pmRNSSecond Price Monitoring Extn
13th Sep 20222:00 pmRNSPrice Monitoring Extension
8th Sep 20227:00 amRNSOperational & Financing Update
12th Jul 20227:00 amRNS2022 Drilling Programme Underway at Empire
5th Jul 20224:41 pmRNSSecond Price Monitoring Extn
5th Jul 20224:36 pmRNSPrice Monitoring Extension

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