REG - Phoenix Copper Ltd - Corporate Appointment

Phoenix CopperAnnouncement

24/07/2024 07:15

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RNS Number : 6196X  Phoenix Copper Limited  24 July 2024

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

 

24 July 2024

Phoenix Copper Limited

('Phoenix' or the 'Company')

 

Corporate Appointment

 

Phoenix Copper Ltd (AIM: PXC, OTCQX ADR: PXCLY), the AIM-quoted USA-focused
base and precious metals company, is pleased to announce that Paul de Gruchy
has been appointed as Vice President of Investor Relations with immediate
effect and will also become a member of the Advisory Board, having served
Phoenix in a supporting investor relations capacity for the past two years.

 

Ryan McDermott, CEO of Phoenix Copper, said: "I am pleased to announce that we
have invited Paul de Gruchy to advance his position at Phoenix by naming him
Vice President of Investor Relations and offering him a position on the
Company's Advisory Board. Having supported Phoenix in an investor relations
capacity for the past two years, Paul has proved to be a great asset to our
Company. This, combined with his extensive background in corporate law, makes
Paul an ideal person to have in a leadership role."

Paul de Gruchy, Vice President of Investor Relations of Phoenix Copper, said:
"I've enjoyed working with the team at Phoenix Copper and am delighted to be
able to contribute further towards the Company's success as we embark on the
exciting transition from being an explorer to a producer of copper and other
metals. We have a number of developments planned to improve communications
with current and potential investors, and I look forward to implementing these
in the coming weeks."

 

Contacts

 

For further information, please visit https://phoenixcopperlimited.com/
(https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fphoenixcopperlimited.com%2F&data=05%7C02%7Cpaul.degruchy%40phoenixcopper.com%7Cd3c94638cd2a404fd97908dc4457be72%7C0ab43313efbd470e8b202b53ae10513d%7C0%7C0%7C638460390942473879%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=zDJLf9dFwaNJhQmfkjPJtPnIxiqtCJb%2F1IuX1s1r7kQ%3D&reserved=0)
, or contact:

 

 Phoenix Copper Limited                              Ryan McDermott                       Tel: +1 208 954 7039

                                                     Paul de Gruchy                       Tel: +44 7484 203720

                                                     Brittany Lock                        Tel: +208 794 8033

                                                     Richard Wilkins                      Tel: +44 7590 216 657
 SP Angel Corporate Finance LLP (Nominated Adviser)  David Hignell / Caroline Rowe        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
 Panmure Liberum (UK) Limited (Joint Broker)         Mark Murphy / Kieron Hodgson         Tel: +44 20 7886 2500
 EAS Advisors (US Corporate Adviser)                 Matt Bonner / Rogier de la Rambelje  Tel: +1 (646) 495-2225
 BlytheRay                                           Tim Blythe / Megan Ray               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 ounces of gold and 4,654,400
ounces 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/
(https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fphoenixcopperlimited.com%2F&data=05%7C02%7Cpaul.degruchy%40phoenixcopper.com%7Cd3c94638cd2a404fd97908dc4457be72%7C0ab43313efbd470e8b202b53ae10513d%7C0%7C0%7C638460390942473879%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=zDJLf9dFwaNJhQmfkjPJtPnIxiqtCJb%2F1IuX1s1r7kQ%3D&reserved=0)

 

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