PHOENIX GLOBAL MINING LIMITED

ABOUT PHOENIX GLOBAL MINING

Phoenix Global Mining Ltd (PGM) is a private resource company registered in the British Virgin Islands. The Management team behind PGM has extensive capital markets experience and a successful track record of listing and managing mining companies from exploration through to construction and commissioning.

 

The company currently has 52.1 million shares and 3.4 million warrants in issue (exercisable at 8p to December 31, 2016). There are 150 shareholders, including institutions, corporates and HNW individuals. PGM is debt free.

PGM is committed to the evaluation and development of mineral properties on an international scale, and the company is focused on the search for world-class reserves and deposits having significant  market value upside.

 

To that effect, PGM has an agreement to acquire 80% of a past-producing high-grade copper, gold, silver and tungsten property in Idaho, USA.

 

This, the Empire Mine, is currently PGM’s highest-profile and highest-priority asset.

However, PGM's greatest asset and strength continues to be its people. An experienced and knowledgeable core of mining engineers, geologists, and entrepreneurs form a team of highly qualified people who ensure that the evaluation and development of PGM’s properties is precise and above reproach.

 

Over the years, company management has acquired invaluable expertise in developing gold, silver, copper, lead and zinc deposits around the world. With this experience in hand PGM has set its corporate mission as follows:

 

  • Update the mineral reserves and develop low unit cost mining operations at Empire

 

  • Aggressive exploration at Empire to determine the total property potential

 

  • Pursue a philosophy of diversification by seeking participatory opportunities in large-scale base and precious metal projects in low risk jurisdictions worldwide

 

  • Expand diversification by looking into other metals such as tungsten, cobalt and rare earths

 

  • Continue to search for properties that will provide near-term cash flow

 

  • Secure a stock exchange listing as soon as is practicable

 

With this corporate mission in place PGM is well suited to acquire and develop the type of resource opportunities that will greatly enhance shareholder value.

 

EXPERIENCED MANAGEMENT, NEAR TERM

PRODUCTION, FIRST WORLD JURISDICTION,

EXCELLENT UPSIDE RESOURCE POTENTIAL

MANAGEMENT

Click to learn more about:

IDAHO IS RANKED 7TH IN THE WORLD

FOR BEST PRACTICES MINERAL POTENTIAL*

*FRASER INSTITUTE ANNUAL "SURVEY OF MINING COMPANIES, 2014"

THE EMPIRE MINE

The Empire Mine is located in the Alder Creek mining district in Custer County, four miles west of Mackay, Idaho.

 

The Empire Mine consists of 50 claims, 23 of which are patented (private), covering 744 acres. The property is accessible by road throughout the year and is in a mining friendly jurisdiction.

 

There is easy year round road access to the Empire Mine property which has an extensive history of mining on this brown field site.

 

Idaho is ranked 7th in the world by the Fraser Institute for Best Practices Mineral Potential, ahead of Alberta, Ontario, BC and Finland. Idaho is also ranked 3rd in the US for the same, ahead of Arizona. The Empire Mine is surrounded by supportive local communities and is located in an established mining state.

 

*Fraser Institute Annual "Survey of Mining Companies 2014"

550

Mackay

population

3,400

Custer County

population

90

miles to Idaho Falls

Regional Airport

140

miles to Twin Falls

Regional Airport

210

miles to Boise

International Airport

 

  • In 1997, Cambior Exploration USA (acquired by IAMGOLD in 2006 for $1.1 billion) completed a near surface oxide copper resource based on the results of 220 drill holes above old underground mine copper sulphide workings

 

  • 67 additional dill holes have been completed since these calculations and a new JORC compliant resource will be completed in Q1 2016 as the front end of a Bankable Feasibility Study (BFS)

 

  • Metallurgical testwork by Metcom and Kappes Cassiday shows a 65% copper recovery in a heap leach solvent extraction electro winning plant (SXEW) on the oxide reserves. The potential for additional oxide resources is excellent and the potential for world class sulphide copper reserves below the oxides is high with drill intersections in sulphides | 7.3% Cu over 24m | 8.6% CuEquiv over 4m | 16% CuEquiv over 1.5m | 6.4% CuEquiv over 4.6m

 

  • Target production from the Phase 1 mine on existing oxide reserves is 7,000 tonnes of copper cathode per year

 

  • Production from the deeper, higher grade sulphide ore, will follow on completion of an in-depth assessment of the resources below the sulphides which will include an analysis of by-product metals including zinc, tungsten as well as gold and silver

EMPIRE MINE HIGHLIGHTS

CONTACT PGM

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UK OFFICE

8 Shepherd Market

Suite 113

London

W1J 7JY

United Kingdom

REGISTERED OFFICE

Akara Building

24 De Castro Street

Wickhams Cay 1

Road Town

Tortola

British Virgin Islands

REGISTERED AGENT

Smythe & Greenwood Ltd

PO Box 3136

Road Town

Tortola

British Virgin Islands

CORPORATE ADVISOR

Brandon Hill Capital Limited

1 Tudor Street

London

EC4Y 0AH

CORPORATE ADVISOR

Beaufort Securities Limited

131 Finsbury Pavement

London

EC2A 1NT

United Kingdom

 

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