REG - Phoenix Copper Ltd - Appointment of Non-Executive Director

Phoenix CopperAnnouncement

23/04/2026 07:00

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RNS Number : 5590B  Phoenix Copper Limited  23 April 2026

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

 

23 April 2026

Phoenix Copper Limited

("Phoenix" or the "Company")

Appointment of Non-Executive Director

Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM quoted, 100% USA
focused base and precious metals emerging producer and exploration company
announces the appointment of David Alan Jarvis as Non-Executive Director with
immediate effect.

David is a degreed mining engineer with 35 years of extensive management and
director experience in mining and mineral processing at both open pit and
underground operations in the Americas and Asia. He has previously served as
an independent director of Patagonia Gold (now Hunt Mining Corp.), Managing
Director and General Manager of Eldorado Gold's China operations, Vice
President and General Manager of Coeur Mexicana, Coeur's flagship operation in
Palmarejo, Mine Manager at Centerra Gold's Kumtor Mine in Kyrgyzstan, and as
Mine Superintendent at Newmont Gold's Yanacocha Mine in Peru.

Most recently, David has been serving as the General Manager at Phoenix's
Empire project in Mackay, Idaho since 2023.

Interim Non-Executive Chair Catherine Evans commented, "It is a pleasure for
us to welcome David to the Board. David has proven invaluable to Phoenix in
his role as General Manager and the Board believes he will make an important
contribution as a Director.  David's blend of leadership and operational
management is a great fit for us as we repopulate the Board with our focus
aimed directly at funding, permitting and constructing the Empire Mine."

The following disclosures are made pursuant to Schedule 2(g) of the AIM Rules
for Companies:

 

David Alan Jarvis, aged 71, currently holds or has held the following
directorships or partnerships in the past five years:

 

 Current  Past five years
          Hunt Mining Corp. (previously Patagonia Gold plc)

 

David Jarvis holds no ordinary shares in the Company.

There are no further disclosures required in accordance with AIM Rule 17 or
Schedule 2(g) of the AIM Rules for Companies.

For further information please visit  https://phoenixcopperlimited.com
(https://phoenixcopperlimited.com/) .

 

Contacts

 Phoenix Copper Limited                               Ryan McDermott                                Tel: +1 208 9547039

                                                      Paul de Gruchy                                Tel: +44 7484 203 720

 SP Angel Corporate Finance LLP (Nominated Adviser)   David Hignell / Jen Clarke / Devik Mehta      Tel: +44 20 3470 0470
 Tavira Financial Limited (Joint Broker)              Jonathan Evans / Oliver Stansfield            Tel: +44 20 7100 5100
 Zeus Capital Limited (Joint Broker)                  Harry Ansell / Katy Mitchell                  Tel: +44 20 7220 1666
 Oak Securities (Corporate Bond Adviser)              Hugh Rich                                     Tel: +44 20 3973 3678
 BlytheRay                                            Megan Ray / Rachael Brooks                    Tel: +44 20 7138 3204

 (Financial PR)

 

 

Notes

Phoenix Copper Limited is an emerging producer and exploration company
specialising in base and precious metals, with an initial focus on copper,
gold, and silver extraction from an open-pit mining operation within the
United States.

Located in the historic Alder Creek mining district near Mackay,
Idaho, Phoenix's flagship asset is the Empire Mine, in which the Company
holds an 80% ownership stake. The historic Empire underground mine, located
beneath the surface of the Company's proposed open pit, boasts a rich history
of producing high-grade copper, gold, silver, zinc, and tungsten.

Since 2017, Phoenix has executed extensive drilling initiatives, resulting
in an expansion of the Empire Open-Pit resource by over 200%. In May
2024 the Company published its inaugural mineral reserve statement for
the Empire Open-Pit Mine. Proven and Probable mineral reserves are 10.1
million tonnes containing 109,487,970 lbs of copper, 104,000 oz of gold and
4,654,400 oz of silver. This reserve was estimated using assay data from 485
drill holes, extensive geological modelling, metallurgical recovery test work,
geotechnical evaluation, and mine design. The reserve represents a combined
66,467 tonnes of copper equivalent metal.

In addition to the Empire Mine, Phoenix's holdings in the district also
encompass the Horseshoe, White Knob, and Blue Bird Mines, all of which have
been producers of copper, gold, silver, zinc, lead, and tungsten from
underground operations, a new high-grade silver and lead orebody at Red Star,
and the Navarre Creek gold exploration project, which was first drilled in
2023. The Company's land package at Empire spans 8,434 acres (34 sq km).

Phoenix also owns two cobalt properties situated along the Idaho Cobalt Belt
to the north of Empire. An Earn-In Agreement has been established concerning
one of these 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/

 

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