Business
Audited results for the year end 31 December 2018
Audited results for the year end 31 December 2018.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \nRNS Number : 7270A Phoenix Global Mining Ltd 31 May 2019 \n\n \nPhoenix Global Mining Ltd\n(\"Phoenix\" or the \"Company\")\n \nFinal audited results for the year ended 31 December 2018\nNotice of AGM\n \n31 May 2019\n \nPhoenix Global Mining Ltd (AIM: PGM; OTCQX: PGMLF), the North American focused base and precious metals exploration and development company, is pleased to announce its audited results for the year ended 31 December 2018.\n \nHighlights\n \n- Admitted to trading on New York OTCQX Market in October 2018\n- Completed an additional 8,600 metre, 93 hole drilling programme to update open pit resource\no 46% increase in Measured & Indicated (\"M&I\") resource to 15.2 million tonnes\no 37% increase in M&I contained copper to 73,872 tonnes\no 108% increase in M&I contained zinc to 29,813 tonnes\no 76% increase in M&I contained gold to 139,000 ounces\no 70% increase in M&I contained silver to 6.038 million ounces\no 60% increase in value of open pit M&I contained metal to $849 million\n- Bankable Feasibility Study on Empire Mine open pit heap leach SX-EW project underway\n- Empire Mine land acreage increased to 5,717 acres\n- Maiden Inferred sulphide resource at newly discovered Red Star lead / silver zone\n- 45% increase in Net Assets to $9.15 million (2017: $6.30 million)\n- Additional $1.24 million raised in February 2019 and $900,000 in late May 2019\n \nThe Company also announces that the Annual General Meeting (\"AGM\") will be held at the Washington Mayfair Hotel, 5 Curzon Street, London W1J 5HE on 26 June 2019 at 11.00am.\n \nThe Notice of AGM and Forms of Proxy will be despatched to shareholders on 3 June 2019 and will be available on the Company's website at www.pgmining.com.\n \nThe Company's Annual Report and Consolidated Financial Statements for the year ended 31 December 2018 will also be available on the website from 3 June 2019.\n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purp...