Phoenix Copper Limited

Thank you, Idaho Mining Association, for hosting another fantastic conference! It’s always a pleasure to connect with the innovative leaders driving our industry forward. Pictured: Brittany Lock, Phoenix Vice President of Public Relations, and Ben Davenport, Executive Vice President of the Idaho Mining Association. #PXC #IdahoMining

Phoenix CFO Richard Wilkins spoke with BlytheRay today about the Company's recently published interim report and the pre-feasibility study for the proposed Empire Open-Pit Mine. Watch ⬇ https://lnkd.in/gGSnfCYn #PXC #PXCLY #Copper

NIU Invest has published its own announcement confirming its continued support for Phoenix. 🔗 https://bit.ly/4ez3sfj #Copper #RenewableEnergy

Phoenix has announced its unaudited interim results for the six months ended 30 June 2024. Read: https://bit.ly/3XXahRH #PXC #PXCLY #Copper

Delighted to announce the publication of the pre-feasibility study for the Empire Open Pit copper oxide project in #Idaho. This is a huge piece of work (500 pages long) that has taken years to refine, and which sets out a path to constructing a profitable #copper, #gold and #silver mine. The open pit is a relatively small, low execution risk project that has low start up costs, will be nearly immediately productive and profitable, and provide the cashflows that will allow us to further explore the huge potential of the copper sulphide deposit at Empire. With world demand for copper increasing year or year as the move to cleaner energy gathers pace, Phoenix is ideally positioned to bring a new source of copper, produced in the USA to the highest environmental standards, to the market. At the same time we have announced our strategy to combine exploration and early, small scale production from the sulphides that lie 400 feet below the oxide deposit. Historically, head grades of 6-8% copper and recovery of over 1.5g/T gold were being achieved from the sulphides, and our limited drilling program in 2021 intercepted copper at over 8%. Resources permitting, we plan over the next 12 months to drill an adit directly into the sulphides, allowing our team to better understand the ore body. If we find ores similar to those mined historically then our mine design allows us to process them alongside the copper oxides. If so, these much higher grade ores would materially improve the project economics for the open pit, but this is mining, and we will take each step as it comes. Read more at: https://lnkd.in/d8j9F-q8

We are looking forward to meeting potential future miners at the Custer County Career Fair today! #EconomicDevelopment #IdahoMining #copper

We are delighted to announce that the two pre-owned ball mills we purchased in March 2024 have been delivered to our premises in Mackay, Idaho. This equipment has been transported in 20 loads from Calgary, Canada. A temporary storage pad was constructed on company property and the equipment is monitored via video 24/7. The pictures give a great idea of the size of the ball mills.   As previously announced, we paid $1.1m for these mills. This strategic purchase has materially reduced the capital expenditure required to bring the Empire Open Pit Mine into production. Similar brand-new equipment costs around US$7-8million and has an estimated lead time of >12 months. We believe the purchase of the mills will have a positive impact the project’s economics and timescale for construction.   The next step is to finalize our pre-feasibility study, which we expect to complete in the near future. #copper #PXC #Idaho

#PXC Chairman Marcus Edwards-Jones was featured this week in the Financial Times for his take on #copper's vital role in achieving global net zero emission goals and how its volatility may reveal growing demand for the metal. 🔗Read https://bit.ly/3SXzetE

The Company recently announced that it has renewed its earn-in agreement with Electra Battery Materials on Phoenix's Redcastle cobalt property on the Idaho Cobalt Belt. 🔗https://bit.ly/3WkjKke #IdahoCobaltBelt #Cobalt #Exploration #PXC #PXCLY

We are pleased to share that Paul de Gruchy has been appointed as Vice President of Investor Relations and is also now a member of 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,” said Phoenix Copper CEO Ryan McDermott.   #PXC #PXCLY #Copper