Phoenix
Copper Limited / Ticker: PXC / Sector: Mining
7 October 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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07/04/2024
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To
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06/10/2024
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Balance
of unallotted securities under scheme (s) from previous
return:
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14,125,158
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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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1,550,905 warrants at 20p expiring 15/5/27
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Less: Number
of securities issued/allotted under scheme(s) during
period (see LR3.5.7G):
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423,913 warrants exercised at
11.5p
2,932,641 warrants lapsed at
38.5p
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Equals: Balance under scheme(s)
not yet issued/ allotted at end of period:
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12,319,509
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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
1,550,905 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
11 October 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 188,040,104. 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
Paul de Gruchy
Richard Wilkins
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Tel: +1 208 954
7039
Tel: +1 208 794 8033
Tel: +44 7484 203720
Tel: +44 7590 216
657
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SP Angel Corporate Finance
LLP (Nominated Adviser)
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David Hignell / Caroline
Rowe / Devik Mehta
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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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Zeus Capital Limited (Joint
Broker)
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Harry Ansell / Katy
Mitchell
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Tel: +44 20 7220 1666
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Panmure Liberum Limited (Joint
Broker)
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Mark Murphy / Kieron
Hodgson
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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 specialising 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%. In May 2024 the Company
published its inaugural mineral reserve statement for the Empire
Open-Pit Mine. Proven and Probable mineral reserves are 10.1
million tonnes containing 109,487,970 lbs of copper, 104,000 oz of
gold and 4,654,400 oz of silver. This reserve was estimated using
assay data from 485 drill holes, extensive geological modelling,
metallurgical recovery test work, geotechnical evaluation, and mine
design. The reserve represents a combined 66,467 tonnes of copper
equivalent metal.
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 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 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/