Phoenix Copper Limited

PXC

VGG7060R1139

Diversified Mining

Delayed London S.E. Other stock markets 12:29:59 17/07/2024 pm IST			5-day change	1st Jan Change
20.25 ^GBX	0.00%		+1.25%	-4.71%

29/05	ExGen Resources Updates on Empire Mine Project in Idaho	MT
23/05	Windward wins deal; Kodal progresses at Bougouni	AN

Phoenix Copper notes "robust" drill results from Empire copper asset

January 04, 2023 at 05:18 pm IST

(Alliance News) - Phoenix Copper Ltd on Wednesday said latest drill results from its Empire copper asset were "robust".

The base and precious metals explorer in the US state of Idaho found 149 grammes of silver per tonne in Hole KXD22-04 and 7.43 grammes of gold per tonne in hole KXD22-05. Further, it found 1.6% zinc and around 5.2% copper in hole KXD22-04.

The company said that while metallurgical testing programme is progressing, assays are taking longer. Phoenix added that a laboratory backlog was to blame for longer than anticipated assay results.

Phoenix Copper shares were 1.6% higher at 27.95 pence each in London on Wednesday morning.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PRECIOUS METALS INDEX	3,288 PTS	-0.07%	+4.01%	-
S&P GSCI SILVER INDEX	1,520 PTS	-1.11%	+0.02%	-
SILVER	30.83 USD	-1.39%	+0.09%	-
PHOENIX COPPER LIMITED	20.25 GBX	0.00%	+1.25%	3.91Cr

Latest news about Phoenix Copper Limited

ExGen Resources Updates on Empire Mine Project in Idaho	29/05	MT
Windward wins deal; Kodal progresses at Bougouni	24/05	AN
Phoenix Copper Ltd Announces the Drilling Results from the 2023 Navarre Creek Exploratory Drilling Programme in Idaho, USA and an Update on Feasibility Engineering Activities at the Empire Mine	23/05	CI
ExGen: Phoenix Raises US$80 Million For Construction Of The Empire Mine, Idaho	18/05	MT
DSW eyes lower profit than expected; Mpac optimistic	17/05	AN
Phoenix Copper Limited Reports Earnings Results for the Full Year Ended December 31, 2023	16/05	CI
Phoenix Copper Limited announced that it expects to receive $80 million in funding from Niu Invest Se	15/05	CI
Home REIT cuts borrowings, Genflow shares restored	09/05	AN
Phoenix Energy: EU clears acquisition by CKI and CKA	17/04	CF
Phoenix Copper buys pre-owned ball mills for USD1.1 million	19/03	AN
Phoenix Copper Finalizes $1 Million Purchase of Mining Equipment	19/03	MT
Beowulf ups Vardar stake; Impellam buyout nears	04/03	AN
Phoenix Copper to Purchase New Mining Equipment, Restructure Loan Facility	19/02	MT
EARNINGS AND TRADING: Asia Strategic loss narrows; Verici Dx grant win	01/02	AN
Phoenix down after successful GBP2.7 million equity raise	26/01	AN
Phoenix Copper Concludes Placing of GBP1 Million Shares; Stock Plunges	26/01	MT
Phoenix Copper seeks to raise up to GBP2.4 million in equity	26/01	AN
Phoenix Copper Plans Equity Raise to Fund Mining Equipment Purchase	26/01	MT
Phoenix Copper down as Empire mine feasibility study nears completion	18/01	AN
Phoenix Copper Limited Provides an Update on Its Operations in Idaho, USA	18/01	CI
Phoenix Copper reaches final stage in bond issue to fund Empire mine	05/01	AN
Phoenix Copper in Advanced Talks for Copper Bond Financing with Investors	05/01	MT
Phoenix Copper extends USD2.0 million facility to new year	11/12	AN
Phoenix Copper Again Secures Extension to $2 Million Loan Facility	11/12	MT
Begbies to meet expectations; McBride shines	20/11	AN

Chart Phoenix Copper Limited

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Company Profile

Phoenix Copper Limited is a United Kingdom-based base and precious metals producer and exploration company. The Company is focused on gold, silver, and copper production and staged gold and cobalt exploration in Custer and Lemhi Counties. The Empire open pit oxide copper deposit is the Company's flagship operation. The Empire open pit oxide copper deposit is located near Mackay, Idaho, United States, which is in development stage for copper, gold, and silver production. Its Navarre Creek gold exploration project is located approximately five kilometers (km) west of its flagship project. Its Redcastle and Bighorn properties are located approximately 100 miles north of its flagship project, the Empire Mine. Redcastle property includes about 30 unpatented claims. Bighorn property includes about 29 unpatented claims. The Company's other projects include Redstar, Horseshoe, Whiteknob and Bluebird projects.

Sector

Diversified Mining

Calendar

26/09/2024 - Q2 2024 Earnings Release (Projected)

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Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2623 USD

Average target price

0.8123 USD

Spread / Average Target

+209.61%

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Sector Integrated Mining

	1st Jan change	Capi.
PHOENIX COPPER LIMITED	-4.71%	3.91Cr
BHP GROUP LIMITED	-15.29%	15TCr
RIO TINTO PLC	-13.76%	11TCr
GLENCORE PLC	-3.57%	7.22TCr
GRUPO MÉXICO, S.A.B. DE C.V.	+12.93%	4.68TCr
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	-7.72%	4.41TCr
ANGLO AMERICAN PLC	+17.22%	3.63TCr
HINDUSTAN ZINC LIMITED	+108.07%	3.35TCr
TECK RESOURCES LIMITED	+21.59%	2.58TCr
VEDANTA LIMITED	+76.17%	2.02TCr

Integrated Mining

Phoenix Copper Limited

Equities

PXC

VGG7060R1139

Diversified Mining

Phoenix Copper notes "robust" drill results from Empire copper asset

Stocks mentioned in the article

Latest news about Phoenix Copper Limited

Chart Phoenix Copper Limited

Company Profile

Income Statement Evolution

Analysts' Consensus

Annual profits - Rate of surprise

Sector Integrated Mining