Phoenix
Copper Limited / Ticker: PXC / Sector: Mining
8 April 2024
Phoenix Copper
Limited
('Phoenix' or the
'Company')
Block Listing Six
Monthly Return
Phoenix Copper Ltd (AIM: PXC, OTCQX
ADR: PXCLY) the AIM quoted USA focused base and precious metals
emerging producer and exploration company, announces the following
block listing six monthly return:
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Name of applicant:
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Phoenix Copper Limited
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Name of scheme:
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Warrants
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Period of return:
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From:
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07/10/2023
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To
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06/04/2024
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Balance
of unallotted securities under scheme (s) from previous
return:
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9,221,457
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Plus: The amount by which the
block scheme(s) has been increased since the date of the last
return (if any increase has been applied for):
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1,602,827 at 11.5p expiring 31/1/27
3,300,874 at 20p expiring 1/3/27
-
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Less: Number
of securities issued/allotted under scheme(s) during
period (see LR3.5.7G):
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none
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Equals: Balance under scheme(s)
not yet issued/ allotted at end of period:
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14,125,158
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Name of contact:
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Richard Wilkins, CFO
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Telephone number of
contact:
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+44 (0) 7590 216
657
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Application to trading on AIM
Application has been made to the
London Stock Exchange for a block admission of up to 4,903,701
ordinary shares of no par value in the Company to be admitted to
trading on AIM ("Admission"). Admission is expected to become
effective at 8.00 a.m. on or around 15 April 2024. As and when, or
if, the warrants are exercised, the shares will be issued fully
paid and will rank pari passu in all respects with the existing
issued ordinary shares of the Company.
These shares will be block listed
pursuant to the Company's existing application which was filed to
enable holders of the Company's warrants to continue to voluntarily
exercise them without the need for the issue of a separate RNS and
admissions filing each time this occurs.
Total Voting Rights
The total number of ordinary shares
of no par value in the Company as at the date of this announcement
is 149,069,995. For the purposes of the Disclosure Guidance
and Transparency Rules, shareholders may use this figure as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the issued share capital of the Company. No ordinary
shares are held in treasury.
Contacts
For further information please
visit https://phoenixcopperlimited.com, or
contact:
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Phoenix Copper Limited
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Ryan McDermott
Brittany Lock
Richard Wilkins
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Tel: +1 208 954
7039
Tel: +1 208 794 8033
Tel: +44 7590 216
657
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SP Angel Corporate Finance
LLP (Nominated Adviser)
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David
Hignell / Caroline Rowe/ Kasia
Brzozowska
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Tel: +44 20 3470 0470
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Tavira Financial Limited (Joint
Broker)
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Jonathan Evans / Oliver
Stansfield
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Tel: +44 20 7100 5100
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WH Ireland (Joint Broker)
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Harry Ansell / Katy
Mitchell
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Tel: +44 20 7220 1666
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Panmure Gordon (UK)
Limited (Joint Broker)
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John Prior / Hugh
Rich / Ailsa Macmaster
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Tel: +44 20 7886 2500
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EAS Advisors (US Corporate
Adviser)
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Matt Bonner / Rogier de la
Rambelje
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Tel: +1 (646) 495-2225
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BlytheRay
(Financial PR)
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Tim Blythe / Megan
Ray
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Tel: +44 20 7138 3204
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Notes
Phoenix Copper Limited is an
emerging producer and exploration company specializing 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%. The measured and indicated
resource currently stands at 22,909,059 tonnes, with an average
grade of 0.38% copper, 0.324 grams per tonne ("g/t") gold, 10.3 g/t
silver, and 0.19% zinc. This resource represents 87,543 tonnes of
copper, 238,406 ounces of gold, and 7,595,198 ounces of
silver.
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 (34.13 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 with Electra
Battery Materials, Toronto, 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/