4th Sep 2023 13:30
Phoenix Copper Ltd - Base and precious metals explorer in the US state of Idaho - Says metallurgical test work at Empire mine shows possible "robust" copper, gold and silver recoveries. Says the test was completed by Forte Dynamics, which consisted of flotation processes as well as sulphuric acid leaching. Adds Navarre Creek drilling campaign is underway, with a total of 9.825 feet drilled so far.
Chief Executive Officer Ryan McDermott says: "The flotation process is an industry standard for the metal extraction of sulphide copper deposits.
We are continuing down this path with the expectation that a flotation-based process will further improve the economics and environmental, social and governance credentials of the Empire open pit, while potentially streamlining the later development of the company's deeper underground sulphide mineralisation."
Current stock price: 23.50 pence, up 1.1%
12-month change: up 4.4%
By Sabrina Penty, Alliance News reporter
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