Phoenix Copper Ltd. (united Kingdom) · LSE:PXC
Phoenix Copper Ltd. (united Kingdom) — Phoenix Copper — Investor Presentation (June 2026)
24 slides from Phoenix Copper Ltd. (united Kingdom)'s investor presentation, June 2026
Slide 1: Phoenix Copper Corporate Presentation
AIM: PXC OTC: PXCLY PHOENIXCOPPER.COM June 2026 1
Slide 2: Disclaimer
Disclaimer This Presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the bas is of or be relied on in connection with, or act as any inducement to enter into any contract or commitm
Slide 3: Investment Case
Investment Case Metals For Electrification Strong Foundation in Sustainability Stable Mining Jurisdiction Copper is a highly efficient conductor of Phoenix’s sustainability priorities guide every Idaho, a state located in the western United electricity, making it an essential component of step of ou
Slide 4: Corporate Overview
Corporate Overview (at 12 August 2026) th PXC Share Structure Shareholders >3% Pershing Nominees 18.3% Shares Issued & Total Voting Rights 830,635,083 Catherine Evans & Family 11.05% Warrants Outstanding 252,754,185 Vidacos Nominees 11.07% Hargreaves Lansdown (Nominees) 9.56% Options Outstanding Nil
Slide 5: Board of Directors
Board of Directors Executive Non-Executive Ryan McDermott Catherine Evans Jason Riley David Jarvis Chief Executive Officer Interim Chair Advisors Paul de Gruchy Harry Kenyon-Slaney 5
Slide 6: Management
Management Mining Operations Ryan McDermott Dave Jarvis Chief Executive Officer, General Manager, Konnex Konnex Administration Operational Office Mackay, Idaho Paul de Gruchy Catherine Evans Lenie Wilkie Investor Relations Audit, Investor ESG Coordinator Relations & ESG 6
Slide 7: Polymetallic Portfolio
Polymetallic Portfolio Copper, gold, silver, lead Red Star • High grade silver and lead resource – drill Navarre Creek intercepted1,100 g/t silver and 21% lead • 2023 inaugural drilling program identifies continuous zone of anomalous, low-grade gold • Maiden inferred sulphide resource of 103,000 min
Slide 8: Empire & Navarre Mining Claims
Empire & Navarre Mining Claims 8
Slide 9: History of Empire
History of Empire 2017-2023 1901-1942 • Phoenix acquires 80% of Empire • Underground sulphide mining • Phoenix drills additional holes, increasing drill hole count to roughly 485 holes • Up to 8% copper head grade • Phoenix grows resource to include gold and silver • 4% tungsten shipped just before
Slide 10: Empire Mine – Open-Pit Cu, Au, Ag
Empire Mine – Open-Pit Cu, Au, Ag 2024 Mineral Reserve Statement for Empire Mine 2024 Mineral Reserve Statement for the Empire Open-Pit Oxide Deposit, Custer County, Idaho, USA* Fully diluted tonnes at a Net Smelter Return cut-off of $22.59/tonne Classification Tonnes Copper Gold Silver Copper Equiv
Slide 11: 2024 Pre-Feasibility Report by Hardrock Consultants - Economic Model
2024 Pre-Feasibility Report by Hardrock Consultants - Economic Model Project Evaluation Overview After Tax Before Tax Cumulative Net Cashflow (millions) $132.44 $152.98 NPV @ 5.0% (millions) $89.55 $105.44 NPV @ 7.5% (millions) $73.75 $87.86 NPV @ 10.0% (millions) $60.71 $73.29 Internal Rate of Retu
Slide 12: 2026 Internal Calculation Using $5.85 Cu, $5,000 Au, and $80 Ag - Economic Model
2026 Internal Calculation Using $5.85 Cu, $5,000 Au, and $80 Ag - Economic Model Project Evaluation Overview After Tax Before Tax Cumulative Net Cashflow (millions) $384.52 $441.58 NPV @ 5.0% (millions) $276.14 $318.77 NPV @ 7.5% (millions) $236.00 $273.21 NPV @ 10.0% (millions) $202.69 $235.37 Inte
Slide 13: General Arrangement – Empire Open-Pit Mine
General Arrangement – Empire Open-Pit Mine 13
Slide 14: General Arrangement Detail – Mill
General Arrangement Detail Mill 14
Slide 15: Empire Open-Pit Process Flow Diagram
Empire Open-Pit Process Flow Diagram 15
Slide 16: Development Roadmap
Development Roadmap Empire Open-Pit Permitting • Mine situated mainly on patented (private) land, simplifying and accelerating permitting • Extensive environmental baseline data already recorded • Aim to Complete Detailed Engineering Q4_2026 • Aim to file Plan of Operations Q1_2027 • Aim for Record
Slide 17: Empire Sulphide Vein System
Empire Sulphide Vein System Significant Upside Potential • 2018 drilling program intercepted 12.80% copper and 2021 drilling program intercepted 8.38% copper • Documented production of up to 8% copper from years 1901-1942 • Later historical production included 4% tungsten • Exploration and developme
Slide 18: Red Star & Horseshoe Complex
Red Star & Horseshoe Complex Custer County, Idaho • High grade silver and lead deposit • A seam of mineralization at least 320m long, open at both ends with intercepts including 1,100g/t silver and 21% lead • Maiden inferred sulphide resource of 173.4g/t silver, 3.85% lead, 0.33% copper, 0.92% zinc
Slide 19: Red Star Mineral Resource Statement
Red Star Mineral Resource Statement Mineral Resource Statement for the Red Star Resource Area, Custer County, Idaho, USA, Hard Rock Consulting, April 10, 2019 Tonnes Silver Gold Lead Zinc Copper Resource Silver Gold Lead Zinc Copper (x1000) Grade Grade Grade Grade Grade (Metric) g/t oz g/t oz % lb (
Slide 20: Navarre Creek Gold Exploration
Navarre Creek Gold Exploration Custer County, Idaho Located roughly 5 km west of Phoenix Copper's flagship project, the Empire Mine, on 16 sq km of unpatented mining claims in Custer County, Idaho. 2023 Drilling Program Highlights • 28 reverse-circulation drill holes into four target areas within 4,
Slide 21: Cobalt Holdings in Idaho
Cobalt Holdings in Idaho Lemhi County, Idaho Bighorn Project Redcastle Project • Claims along strike from Iron Creek Mine. • Earn-In agreement with neighboring cobalt exploration and development company. 21
Slide 22: Sustainability
Sustainability Environmental Baseline Studies Include: • Flora and Fauna • Hydrology • Soil and rock geochemistry • ARD • Noise • Socio-economic studies Phoenix has obtained an ‘A’ No critical issues identified to date. rating from Digbee ESG, the leading independent ESG verification company. Empire
Slide 23: Konnex Community Advisory Team
Konnex Community Advisory Team KCATAdvisory Board Established 2022 • Proactively supports an enduring model of partnership, transparency, and accountability between Phoenix and the communities surrounding the Empire Open-Pit operations. • Composed of three representatives of Konnex Resources/Phoenix
Slide 24: Directory
Directory Phoenix Copper Limited Catherine Evans cathy.evans@phoenixcopper.com Tel: +44 7775566030 Ryan McDermott ryan.mcdermott@phoenixcopper.com Tel: +1 208 9547039 SP Angel (Nominated Advisor) Jen Clarke/David Hignell/Devik Tel: +44 20 3470 0470 Mehta Zeus Capital (Joint broker) Harry Ansell/Katy