Phoenix Copper Ltd. (United Kingdom) · LSE:PXC
Phoenix Copper Ltd. (United Kingdom) — Phoenix Copper — Investor Presentation (February 2022)
39 slides from Phoenix Copper Ltd. (United Kingdom)'s investor presentation, Feb 15, 2022
Slide 1: Phoenix Copper Limited
EMERGING PRODUCER OF COPPER, GOLD AND SILVER IN IDAHO, USA AIM: PXC | OTCQX: ADR:PXCLY February 2022 PHOENIX COPPER LIMITED
Slide 2: Disclaimer
2 DISCLAIMER AIM:PXC OTCQX:ADR:PXCLY 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 int
Slide 3: Copper Focused US Mining Operation with $1.4 Billion M&I Resource
3 COPPER FOCUSED US MINING OPERATION WITH $1.4 BILLION AIM:PXC MEASURED & INDICATED RESOURCE OTCQX:ADR:PXCLY Initial Production of Experienced management First world mining Copper & Zinc team location • Delivering copper into US • Constructed and commissioned • Idaho, USA – pro-mining with electrifi
Slide 4: Project Locations
4 PROJECT LOCATIONS AIM:PXC OTCQX:ADR:PXCLY • 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 Em
Slide 5: ESG & Sustainability Committee
5 ESG & Sustainability Committee AIM:PXC OTCQX:ADR:PXCLY • In 2020, Phoenix appointed Lenie Wilkie as ESG Coordinator, based in our Mackay, Idaho office • In 2021 a Board-level ESG & Sustainability Committee was established • Lenie and the Committee are responsible for overseeing the following: • Ad
Slide 6: Corporate Overview
6 CORPORATE OVERVIEW AIM:PXC OTCQX:ADR:PXCLY Phoenix Copper Limited (PXC) Shareholders + 3%** Market Cap £60.65m/ $82m @50p * Hargreaves Lansdown (Nominees) 16.77% Shares in Issue 121.31m Martin Hughes 9.59% Warrants 10.93m Interactive Investor Services (Nominees) 9.13% Options 6.02m Bank of New Yor
Slide 7: Executive Directors
7 AIM:PXC OTCQX:ADR:PXCLY 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 r
Slide 8: Non-Executive Directors
8 AIM:PXC OTCQX:ADR:PXCLY 1 2 3 NON-EXECUTIVE DIRECTORS 1 Andre Cohen, NED is a highly experienced banker who has advised on significant fund raisings and international transportation, infrastructure and project financings. Economics graduate from Sydney and Yale. Jason Riley, NED of Phoenix and CEO
Slide 9: Advisory Board and Project Management
9 AIM:PXC OTCQX:ADR:PXCLY 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 Reso
Slide 10: Empire Ore System Initial Targets
10 EMPIRE ORE SYSTEM AIM:PXC OTCQX:ADR:PXCLY 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
Slide 11: The Empire Open Pit Mine
11 AIM:PXC OTCQX:ADR:PXCLY 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:ADR:PXCLY 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 20
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:ADR:PXCLY 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 ta
Slide 14: Empire Open Pit Mine - Growing NI 43-101 Compliant Resource
EMPIRE OPEN PIT MINE - GROWING NI 43-101 COMPLIANT 14 RESOURCE AIM:PXC OTCQX:ADR:PXCLY 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 Ha
Slide 15: Empire Open Pit Mine - Robust Metallurgy
15 EMPIRE OPEN PIT MINE - AIM:PXC OTCQX:ADR:PXCLY 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 Scal
Slide 16: Preliminary Empire Open Pit Economic Analysis (Feb 2021)
PRELIMINARY EMPIRE OPEN PIT ECONOMIC ANALYSIS (Feb 2021) 16 AIM:PXC OTCQX:ADR:PXCLY 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 mi
Slide 17: Preliminary Economic Analysis (Feb 2021)
PRELIMINARY ECONOMIC ANALYSIS (Feb 2021) 17 AIM:PXC OTCQX:ADR:PXCLY YEARS 1 TO 7 YEARS 4 TO 10 YEARS 1 TO 7 YEARS 4 TO 10 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 tonn
Slide 18: General Arrangement of Planned Cu/Zn Heap Leach SX/EW Project
GENERAL ARRANGEMENT OF 18 PLANNED Cu/Zn HEAP LEACH SX/EW PROJECT AIM:PXC OTCQX:ADR:PXCLY Open Pit PHOENIX COPPER | CORPORATE PRESENTATION
Slide 19: Empire Mine Environmental Permitting
EMPIRE MINE ENVIRONMENTAL 19 PERMITTING AIM:PXC OTCQX:ADR:PXCLY • 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 mine and
Slide 20: Empire Open Pit Mine - Commitment to Being a Responsible Miner
20 EMPIRE OPEN PIT MINE - COMMITMENT TO BEING A AIM:PXC OTCQX:ADR:PXCLY 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
Slide 21: Significant Portfolio Upside
21 AIM:PXC OTCQX:ADR:PXCLY SIGNIFICANT PORTFOLIO UPSIDE (Silver/Lead/Gold/Copper/Cobalt/Zinc) Photo taken from Windy Devil PHOENIX COPPER | CORPORATE PRESENTATION
Slide 22: The Empire Open Pit Is Just the Start
22 AIM:PXC THE EMPIRE OPEN PIT IS JUST THE START… OTCQX:ADR:PXCLY 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 molybdenu
Slide 23: Land Holdings – Mining Claims of the Empire Ore System
LAND HOLDINGS – MINING CLAIMS OF THE EMPIRE ORE SYSTEM 23 AIM:PXC OTCQX:ADR:PXCLY 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
Slide 24: Empire Ore System Exploration Upside Along 5.4 km Mineralised Strike
EMPIRE ORE SYSTEM EXPLORATION UPSIDE ALONG 5.4 KM 24 MINERALISED STRIKE AIM:PXC Estimated less than 1% of the potential ore system at Empire has been explored OTCQX:ADR:PXCLY PHOENIX COPPER | CORPORATE PRESENTATION
Slide 25: Red Star Deposit including White Knob, Bluebird and Horseshoe
25 AIM:PXC OTCQX:ADR:PXCLY 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 an
Slide 26: Work Programmes Confirm Red Star Potential
26 WORK PROGRAMMES CONFIRM RED STAR POTENTIAL AIM:PXC OTCQX:ADR:PXCLY • Ground magnetics survey carried out at Red Star in 2021 • Discovery of three new subsurface magnetite zones east of the Red Star discovery outcrop • 7 RC holes drilled at Red Star • The programme was designed to test and help de
Slide 27: Red Star NI 43-101 Maiden Resource – High Grade Silver & Lead
27 RED STAR NI 43-101 MAIDEN RESOURCE – AIM:PXC HIGH GRADE SILVER & LEAD OTCQX:ADR:PXCLY 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
Slide 28: Navarre Creek (Gold)
NAVARRE CREEK (GOLD) 28 AIM:PXC OTCQX:ADR:PXCLY • 14.48 km2 claim block • 5 km west of Empire • 6.1 km mineralised strike along the axis of the property • Recent geophysical ground and aerial surveys confirm favourable geology and two new anomalies Geologically similar to high yielding volcanic host
Slide 29: Navarre Creek
2 29 NAVARRE CREEK AIM:PXC OTCQX:ADR:PXCLY 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 30: Empire Mine - Deep Sulphide Exploration
EMPIRE MINE - DEEP SULPHIDE EXPLORATION 30 AIM:PXC • 2021 drilling programme intercepted 8.38% copper OTCQX:ADR:PXCLY • 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 target at depth
Slide 31: Cobalt – Bighorn & Redcastle Claims in Idaho
31 COBALT – BIGHORN & REDCASTLE CLAIMS IN IDAHO AIM:PXC OTCQX:ADR:PXCLY BIGHORN REDCASTLE Claims along strike from Iron Creek Mine EMPIRE MINE PHOENIX COPPER | CORPORATE PRESENTATION
Slide 32: The Idaho Cobalt Belt – Overview
32 THE IDAHO COBALT BELT – OVERVIEW AIM:PXC OTCQX:ADR:PXCLY 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
Slide 33: Phoenix Copper Investment Case
33 AIM:PXC OTCQX:ADR:PXCLY 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:ADR:PXCLY Near-term production of Experienced First world mining Major mineralised copper, zinc and gold, silver management team location system from open pit mine Commitment to Exceptional Generating cash to build Exposure to a diversified sus
Slide 35: Contacts
35 CONTACTS AIM:PXC OTCQX:ADR:PXCLY 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 Tavira Securities (Joint Broker) Jonathan Evans /
Slide 36: Appendix
36 AIM:PXC OTCQX:ADR:PXCLY APPENDIX • Photo Gallery 36 PHOENIX COPPER | CORPORATE PRESENTATION
Slide 37: Empire Open Pit Mine - Picture Gallery
37 EMPIRE OPEN PIT MINE - PICTURE GALLERY AIM:PXC OTCQX:ADR:PXCLY PHOENIX COPPER | CORPORATE PRESENTATION
Slide 38: Empire Mine - 1901 to 1942
EMPIRE MINE - 1901 to 1942 38 AIM:PXC OTCQX:ADR:PXCLY • 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 I
Slide 39: Red Star - Picture Gallery
39 RED STAR - PICTURE GALLERY AIM:PXC OTCQX:ADR:PXCLY PHOENIX COPPER | CORPORATE PRESENTATION
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