Company: Phoenix Copper Ltd (PXC)
Date: 7 July 2021
Time: 5pm – 6pm
Presenters: Ryan McDermott (CEO) and Richard Wilkins (CFO)
Company Information: Phoenix Copper Limited is a base and precious metals emerging producer and exploration company, whose focus is on North America and specifically to bring the historically producing Empire Mine near Mackay, Idaho, back into production. Phoenix has carried out a drilling programme and generated a copper, gold, silver and zinc resource on which it is carrying out a feasibility study and is targeting commencement of copper production in late 2022. The Company is also continuing to explore and evaluate the high-grade Red Star silver/lead project, 330 metres north of the Empire Mine and the on-strike extension from Red Star into the prospective silver/lead and gold resources around three other past producing mines within the 23 km2 Empire claims blocks. Additionally, the highly prospective Navarre Creek Carlin-type gold discovery, west of the Empire Mine, which hosts a 6.1 km strike length within a 9.8 km² area is now the subject of an Electromagnetic Survey, which will target drill holes for the summer 2021 RC drilling programme. The Company also intends to test the exciting “deep sulphides” potential beneath the Empire Mine oxide open pit with a series of deep core holes planned for later in 2021. Phoenix Copper also owns two prospective claims blocks north of Empire Mine in the Idaho Cobalt Belt, one of which, the Redcastle property, was recently the subject of a joint-venture agreement with First Cobalt Idaho, a subsidiary company of First Cobalt Corporation, the leading cobalt mining and processing company in North America.
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