Phoenix Copper Limited

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

Phoenix's corporate copper bonds have been admitted to trading on the Official List of The International Stock Exchange ("TISE"). Phoenix has also instructed BNYM to issue the second tranche of US$5 million Bonds to NIU Invest. 🔗https://bit.ly/3W4s8oN #PXC #PXCLY

We are pleased to announce Phoenix Copper has received the first tranche of $5 million against its $80 million fully subscribed corporate copper bond issue. "We are delighted to have found in NIU Invest a strategic investor who shares our vision of creating a new clean metals producer in the western United States and has participated in this innovative form of financing linked to the copper price, giving us a clear path to production," said Marcus Edwards-Jones, Chairman of Phoenix Copper. 🔗https://bit.ly/4aQyOvd #PXC #PXCLY #AIM #OTC #Copper

"...This is a now-rare instance of a financial innovation generated in London, specifically by Richard Wilkins, the company’s chief financial officer..." A glowing review of the Phoenix's CFO and copper bond issue by the AIM Journal! 🔗https://bit.ly/3VsnCAi #AIM #Copper #PXC

We are pleased to share the drilling results from the 2023 Navarre Creek exploratory drilling program, which revealed consistent gold values. The graphic below shows the mineralization zone identified. We will be uploading further drilling graphics on our website today. This is grassroots exploration, and the start of a process to determine the nature of the Navarre Creek resource. As a result of these findings, the Company has staked a further 400 acres of unpatented land contiguous with the anomaly.   CEO Ryan McDermott also provides an update on Empire feasibility engineering.   Full release: https://bit.ly/3QVg9qK   #goldexploration #PXC #PXCLY

#ICYMI "What's clear is that the stars are aligning for Phoenix Copper Ltd after seeing an $80million corporate copper bond issue fully subscribed by one investor..." #PXC #PXCLY #Copper #Gold #Silver https://lnkd.in/g2jQdnCk

Notice of Annual General Meeting Full details: https://bit.ly/3QHYy5K