Phoenix Copper Ltd. (United Kingdom) · LSE:PXC
Phoenix Copper Ltd. (United Kingdom) — Phoenix Copper — Investor Presentation (November 2021)
44 slides from Phoenix Copper Ltd. (United Kingdom)'s investor presentation, November 2021
Slide 1: Phoenix Copper Limited
EMERGING PRODUCER OF COPPER, GOLD AND SILVER IN IDAHO, USA AIM: PXC | OTCQX: PXCLF November 2021 PHOENIX COPPER LIMITED
Slide 2: Disclaimer
2 DISCLAIMER AIM:PXC OTCQX:PXCLF 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 basis of or be relied on in connection with, or act as any inducement to enter into an
Slide 3: Copper Focused US Mining Operation with $1.4 Billion Measured & Indicated Resource
3 COPPER FOCUSED US MINING OPERATION WITH $1.4 BILLION AIM:PXC MEASURED & INDICATED RESOURCE OTCQX:PXCLF Production targeted for 2022 Experienced management First world mining • Delivering copper into US team location electrification programme • Constructed and commissioned • Idaho, USA – pro-mining
Slide 4: Project Locations
4 PROJECT LOCATIONS AIM:PXC OTCQX:PXCLF • Brownfield mine site 4 miles west of Mackay • Phoenix land package – 32.51 sq kms Bighorn and Redcastle • Good access to existing infrastructure: Cobalt projects • Power & Water Empire Mine Project • Accessible by road throughout the year Red Star and Empire
Slide 5: Environmental, Social & Corporate Governance (ESG)
ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE (ESG) 5 AIM:PXC OTCQX:PXCLF • In 2020, Phoenix appointed Lenie Wilkie as ESG Coordinator, based in our Mackay, Idaho office • In 2021 a Board-level ESG Committee was established • Lenie and the Committee are responsible for overseeing the following: • Adh
Slide 6: Corporate Overview
6 CORPORATE OVERVIEW AIM:PXC OTCQX:PXCLF Phoenix Copper Limited (PXC) Shareholders + 3% % Market Cap £86.6m/ $119.5m @74p * Hargreaves Lansdown (Nominees) 16.85 Shares in Issue 117.10m Martin Hughes 9.64 Warrants 13.18m Interactive Investor Services (Nominees) 8.77 Options 6.02m Bank of New York (No
Slide 7: Executive Directors
7 AIM:PXC OTCQX:PXCLF 1 2 3 EXECUTIVE DIRECTORS Marcus Edwards Jones, Chairman has significant experience in global institutional capital raisings. 1 MD of Lloyd Edwards-Jones S.A.S. a Paris and Dubai-based finance boutique specialising in selling equities to institutional clients and advising resou
Slide 8: Non-Executive Directors
8 AIM:PXC OTCQX:PXCLF 1 2 3 4 NON-EXECUTIVE DIRECTORS Roger Turner, NED and CTO, is a co-founder of Phoenix Copper Limited and has spent over 40 years in 1 the mining industry. He was previously CEO of Nelson Gold (TSX) and co-founder and CEO of Oxus Gold (AIM) which built gold mines in Tajikistan a
Slide 9: Advisory Board and Project Management
9 AIM:PXC OTCQX:PXCLF 1 2 3 4 ADVISORY BOARD Dennis Thomas is co- founder Phoenix Copper Limited. He has held senior management roles including 1 CEO of Delta Pacific Mining plc and was a Non-Exec Director of Cariboo Gold, Gold, Ridge Resources, Rembrandt Gold Mines Limited and St Genevieve Resource
Slide 10: Empire Ore System Initial Targets
10 EMPIRE ORE SYSTEM AIM:PXC OTCQX:PXCLF INITIAL TARGETS ➢ Empire Open Pit Oxide Mine ➢ Empire Deep Sulphides ➢ Navarre Creek ➢ Red Star, White Knob, Bluebird ➢ Empire Open Pit Mine ➢ Empire Deep Sulphides ➢ Red Star, White Knob, Bluebird • Open pit within 5.4km polymetallic • Historically mined cop
Slide 11: The Empire Open Pit Mine
11 AIM:PXC OTCQX:PXCLF THE EMPIRE OPEN PIT MINE (Copper/Gold/Silver/Zinc) PHOENIX COPPER | CORPORATE PRESENTATION
Slide 12: Development of the Empire Mine
12 DEVELOPMENT OF THE EMPIRE MINE AIM:PXC OTCQX:PXCLF Drilling History • 1901-1942: high grade underground mining – 6 to 8% copper head grade • 1962-2017: 287 holes drilled into Empire open pit • 2017-2021: Additional 158 holes completed, totalling 445 drill holes property wide Phoenix • June 2017:
Slide 13: Re-opening the Empire Copper/Gold Mine in Idaho USA
13 RE-OPENING THE EMPIRE COPPER/GOLD MINE IN IDAHO USA AIM:PXC OTCQX:PXCLF Empire Open Pit Mine - Initial Milestones Commence construction finance (debt) on submitting "Plan of Operations" for final permitting US$ 52m pre-production capital cost : less than 2 years payback Production start-up target
Slide 14: Empire Open Pit Mine Resource Block Model
EMPIRE OPEN PIT MINE RESOURCE BLOCK MODEL 14 AIM:PXC Distribution of copper OTCQX:PXCLF PHOENIX COPPER | CORPORATE PRESENTATION
Slide 15: Empire Open Pit Mine - Growing NI 43-101 Compliant Resource
EMPIRE OPEN PIT MINE - GROWING NI 43-101 COMPLIANT 15 RESOURCE AIM:PXC OTCQX:PXCLF Resource upgraded three times since April 2018 with in-situ value of M&I at $1.36bn and Inferred resource value of $616M NI 43-101 Measured & Indicated Resources After Annual Drilling Programmes 2018 - 2020 (by Hard R
Slide 16: Empire Open Pit Mine - Robust Metallurgy
16 EMPIRE OPEN PIT MINE - AIM:PXC OTCQX:PXCLF ROBUST METALLURGY Confirmed adoption of environmentally friendly processing technology using ammonium thiosulfate resulting in no Gold bead from AuRIC Labs ATS test work on the Empire sample in Oct 2020 requirement for a cyanide permit ATS Bench Scale Te
Slide 17: Preliminary Empire Open Pit Economic Analysis (Feb 2021)
PRELIMINARY EMPIRE OPEN PIT ECONOMIC ANALYSIS (Feb 2021) 17 AIM:PXC OTCQX:PXCLF Mine producing 14.3m tonnes of Measured and Indicated ore recovering copper, zinc, gold, and silver. Mining and processing to occur in two phases. Copper and zinc recovered from a heap leach SX-EW operation with a mine l
Slide 18: Preliminary Economic Analysis (Feb 2021)
PRELIMINARY ECONOMIC ANALYSIS (Feb 2021) 18 YEARS 1 TO 7 YEARS 4 TO 10 YEARS 1 TO 7 AIM:PXC YEARS 4 TO 10 OTCQX:PXCLF PRODUCTION Cu Zn Au Ag OPERATING COSTS (LIFE OF MINE) Cu Zn Au Ag Total ore tonnes 14,317,207 14,317,207 Mining (Rehandle Heap to Au Ag Plant) $ 102,575,000 10,725,000 Total tonnes o
Slide 19: Open Pit – Heap Leach – SX/EW – Copper Cathode Production
OPEN PIT – HEAP LEACH – SOLVENT EXTRACTION – 19 ELECTROWINNING (SX/EW) – COPPER CATHODE PRODUCTION AIM:PXC OTCQX:PXCLF 99.9% copper cathode production PHOENIX COPPER | CORPORATE PRESENTATION
Slide 20: General Arrangement of Planned Cu/Zn Heap Leach SX/EW Project
GENERAL ARRANGEMENT OF 20 PLANNED Cu/Zn HEAP LEACH SX/EW PROJECT AIM:PXC OTCQX:PXCLF Open Pit PHOENIX COPPER | CORPORATE PRESENTATION
Slide 21: Empire Mine Environmental Permitting - Q3 2021
21 AIM:PXC OTCQX:PXCLF Empire Mine Environmental Permitting - Q3_2021 • Phoenix submitted a Plan of Operations (PoO) under 43 CFR 3809 to initiate the formal permitting process in June 2020 • The Plan of Operations is the culmination of 4 years extensive environmental baseline data collection and mi
Slide 22: Empire Open Pit Mine - Commitment to Being a Responsible Miner
22 EMPIRE OPEN PIT MINE - COMMITMENT TO BEING A AIM:PXC OTCQX:PXCLF RESPONSIBLE MINER Use of non-toxic ammonium Environmental base line studies thiosulfate in processing of precious Open-pit located on “Patented identify no flora, wildlife, water, metals – environmentally friendly Claims” – own surf
Slide 23: Significant Portfolio Upside
23 AIM:PXC OTCQX:PXCLF SIGNIFICANT PORTFOLIO UPSIDE (Silver/Lead/Gold/Copper/Cobalt/Zinc) Photo taken from Windy Devil PHOENIX COPPER | CORPORATE PRESENTATION
Slide 24: The Empire Open Pit Is Just the Start
24 AIM:PXC THE EMPIRE OPEN PIT IS JUST THE START… OTCQX:PXCLF The portfolio includes significant prospects and historic mines with significant exploration upside Red Star (silver/lead/copper/gold) Navarre Creek (gold) Empire sulphide deposit (copper/gold/silver/zinc/tungsten – possible molybdenum, t
Slide 25: Land Holdings – Mining Claims of the Empire Ore System
25 LAND HOLDINGS – MINING CLAIMS OF THE EMPIRE ORE SYSTEM AIM:PXC OTCQX:PXCLF Patented Claims 23 “Patented” + 398 “Unpatented” claims totalling 32.51 km2 • Lead agency for permitting is the Idaho Department of Lands • Federal Government has passed title to Claimant making it private land • Owner has
Slide 26: Empire Ore System Exploration Upside Along 5.4 km Mineralised Strike
EMPIRE ORE SYSTEM EXPLORATION UPSIDE ALONG 5.4 KM 26 MINERALISED STRIKE AIM:PXC Estimated less than 1% of the potential ore system at Empire has been explored OTCQX:PXCLF PHOENIX COPPER | CORPORATE PRESENTATION
Slide 27: Red Star Deposit Including White Knob, Bluebird and Horseshoe
27 AIM:PXC OTCQX:PXCLF RED STAR DEPOSIT INCLUDING WHITE KNOB, BLUEBIRD AND HORSESHOE SULPHIDE DEPOSITS High-grade silver/lead 2,500 m mineralised strike Red Star Maiden Inferred Historically mined high sulphide drill intercepts at length already identified Resource of 103,000t grade Horseshoe and no
Slide 28: Red Star NI 43-101 Maiden Resource – High Grade Silver & Lead
28 RED STAR NI 43-101 MAIDEN RESOURCE – AIM:PXC HIGH GRADE SILVER & LEAD OTCQX:PXCLF Maiden inferred resource estimate completed by Hard Rock Consulting with 15.5 ozs silver equivalent per tonne Depth (meters) Composite g/t % Length From To Ag Au Pb Zn Cu (meters) KX18-55 0 9.15 9.15 23.71 0.03 0.24
Slide 29: Navarre Creek (Gold)
NAVARRE CREEK (GOLD) 29 AIM:PXC OTCQX:PXCLF • 14.48 km2 claim block • 5 km west of Empire • 6.1 km mineralised strike along the axis of the property • Geologically similar to high yielding volcanic hosted gold deposits in Northern Nevada PHOENIX COPPER | CORPORATE PRESENTATION
Slide 30: Navarre Creek
2 30 NAVARRE CREEK AIM:PXC OTCQX:PXCLF 1 3 1 Gold in oxidised outcrop (Gossan) Old mine portal in gold antimony workings at 2 Navarre Creek 3 Gossan with gold plus up to 1% antimony PHOENIX COPPER | CORPORATE PRESENTATION
Slide 31: Navarre Creek 2020 Sampling
NAVARRE CREEK 2020 SAMPLING 31 AIM:PXC • Surface sampling results confirm presence of volcanic hosted, Carlin-type mineralisation along OTCQX:PXCLF selected sections of the 6.1-kilometre strike length • Majority of samples detect gold and silver, with gold grades as high as 0.57 grammes per tonne •
Slide 32: Empire Mine - Deep Sulphide Exploration
EMPIRE MINE - DEEP SULPHIDE EXPLORATION 32 AIM:PXC • 5,200 metres core drilling into the sulphide zone planned for 2021 OTCQX:PXCLF • Potential world class silver/copper/gold/lead/zinc/tungsten orebody below the oxides and along a 5.4 km strike within the claim block • Molybdenum/tungsten porphyry t
Slide 33: Phoenix Copper Investment Case
33 AIM:PXC OTCQX:PXCLF PHOENIX COPPER INVESTMENT CASE 33 PHOENIX COPPER | CORPORATE PRESENTATION
Slide 34: Emerging Copper Producer in Idaho, USA
34 EMERGING COPPER PRODUCER IN IDAHO, USA AIM:PXC OTCQX:PXCLF Production targeted in 2022 Experienced First world mining Major mineralised Copper, gold, silver, zinc management team location system from an open pit mine Commitment to Exceptional Generating cash to build Exposure to a diversified sus
Slide 35: Contacts
35 CONTACTS AIM:PXC OTCQX:PXCLF Ryan McDermott Tel: +1 208 954 7039 Phoenix Copper Limited Dennis Thomas Tel: +44 7827 290 849 Richard Wilkins Tel: +44 7590 216 657 SP Angel (Nominated Adviser) David Hignell / Caroline Rowe Tel: +44 20 3470 0470 Brandon Hill Capital (Joint Broker) Jonathan Evans / O
Slide 36: Appendix
36 AIM:PXC OTCQX:PXCLF APPENDIX • Empire Open Pit Drill Results • Empire Open Pit NI 43-101 Resource • Empire Open Pit Mine Gallery • Red Star Gallery • Idaho Cobalt Belt • Redcastle & Bighorn • Cobalt Exploration Results 36 PHOENIX COPPER | CORPORATE PRESENTATION
Slide 37: Empire Open Pit Mine – Selected Drilling Results
37 EMPIRE OPEN PIT MINE – SELECTED AIM:PXC OTCQX:PXCLF DRILLING RESULTS • Stepout Intercepts (extend the resource envelope) • Hole KX18-51: 1.5 m of 1.75% copper equivalent from 73 m depth • Hole KXD18-18: 18.9 m of 2.14% copper equivalent from 41.8 m depth including 8.1 m of 3.86% copper equivalent
Slide 38: Empire Oxide Open Pit Mine – NI 43-101 Compliant Resource October 2020
38 AIM:PXC EMPIRE OXIDE OPEN PIT MINE – NI 43-101 COMPLIANT OTCQX:PXCLF RESOURCE OCTOBER 2020 Mineral Resource Statement for Empire Mine, after Hard Rock Consulting October 2020 Average Grade Metal Content Cu Cu CLASS Tonnes Equiv Cu Zn Ag Au Cu Zn Ag Au Equiv % % % g/t g/t tonnes tonnes ozs ozs Ton
Slide 39: Empire Open Pit Mine - Picture Gallery
39 EMPIRE OPEN PIT MINE - PICTURE GALLERY AIM:PXC OTCQX:PXCLF PHOENIX COPPER | CORPORATE PRESENTATION
Slide 40: Empire Mine - 1901 to 1942
EMPIRE MINE - 1901 to 1942 40 AIM:PXC OTCQX:PXCLF • Copper / gold / silver discovered in 1888 • Underground mining from 1901 to 1942 • Underground production to a depth of 1,100 feet from eleven 100-foot vertically- spaced adits • Workings were developed on visible high- sulphide lodes • Mines Inspe
Slide 41: Red Star - Picture Gallery
41 RED STAR - PICTURE GALLERY AIM:PXC OTCQX:PXCLF PHOENIX COPPER | CORPORATE PRESENTATION
Slide 42: The Idaho Cobalt Belt – Overview
42 THE IDAHO COBALT BELT – OVERVIEW AIM:PXC OTCQX:PXCLF Phoenix registered Idaho companies Borah Resources Inc and Salmon Canyon Resources (both 100% owned by Phoenix) • Borah holds the prospective copper-cobalt Redcastle property on the Idaho Cobalt Belt, 200 km north of Empire Mine • Redcastle Pro
Slide 43: Cobalt – Bighorn & Redcastle Claims in Idaho
43 COBALT – BIGHORN & REDCASTLE CLAIMS IN IDAHO AIM:PXC OTCQX:PXCLF BIGHORN REDCASTLE Claims along strike from Iron Creek Mine EMPIRE MINE PHOENIX COPPER | CORPORATE PRESENTATION
Slide 44: Cobalt - Exploration Results
44 COBALT - EXPLORATION RESULTS AIM:PXC OTCQX:PXCLF • Results show cobalt mineralisation from 0.31% (3,120 ppm) cobalt and 0.17% cobalt plus 4.12% copper • Cobalt values greater than 100 ppm and copper values greater than 0.5% are significant for the purposes of exploration targets Property Sample #
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