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10/18/13 - A$0.04
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phoenix copper ltd (PNX) Details

Phoenix Copper Limited is engaged in the exploration, mining, and production of copper and gold minerals. The company holds 20 exploration licenses and 3 mining leases covering an area of approximately 5,500 square kilometers located in South Australia. It principally focuses on the Yorke Peninsula project; and Eagle prospect, which is located to the north of Burra. Phoenix Copper Limited is based in Rose Park, Australia.

phoenix copper ltd (PNX) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$250.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$177.3K
Geology Manager
Total Annual Compensation: A$81.4K
Compensation as of Fiscal Year 2013.

phoenix copper ltd (PNX) Key Developments

Phoenix Copper Limited Indentifies Copper Anomaly at New Condor Prospect

Phoenix Copper reported that a new surface geochemical copper anomaly has been identified directly south of the Burra Township in South Australia coincident with an existing geophysical anomaly. With all access approvals granted, the exploration team has undertaken field work at the newly named Condor prospect. A total of 718 Field Portable X-Ray Fluorescence (fpXRF) measurements were taken in the area. The results have provided a strong correlation with existing IP data, and the surface anomaly extends to the south beyond the limit of the reprocessed historical IP survey. The surface copper geochemical anomaly is approximately 1,000m x 400m, is coincident with an existing IP anomaly and also lies directly over the Kingston fault, the structure interpreted as controlling the significant copper mineralisation to the north at the Eagle prospect and also at the historical Monster Mine. Background fpXRF copper level in soils in the region is approximately 27ppm, with the anomaly in excess of 180ppm. Analysis of Monster Mine historical mining records indicates that zinc was associated with and acted as a pathfinder element for the copper mineralisation. The anomalous zinc fpXRF values support the copper anomaly. These geochemical survey results provide Phoenix Copper with clear targets to drill test, and significantly increases the confidence that the IP target is associated with copper sulphides. The company believes this prospect has the potential for mineralisation similar to that intercepted at the Eagle Prospect, which was predominantly copper sulphides in the form of disseminated bornite, chalcopyrite and chalcocite, with minor malachite and azurite closer to surface. The best drill results from the Eagle prospect in hole PCD0040 were 26.3m at 2.86% copper from 50.7m, including 15.7m at 4.65% copper from 61.1m, and 2.4m at 11.28% copper from 65.0m1.

Phoenix Copper Limited Reports Consolidated Cash Flow Results for the First Quarter Ended September 30, 2013

Phoenix Copper Limited reported consolidated cash flow results for the first quarter ended September 30, 2013. For the quarter, the company reported net cash used in operating activities of AUD 449,000.

Phoenix Copper Limited, Annual General Meeting, Nov 21, 2013

Phoenix Copper Limited, Annual General Meeting, Nov 21, 2013., at 10:30 AUS Central Standard Time. Location: Suite 6, Ground Floor, 60 Hindmarsh Square,. Agenda: To consider adoption of remuneration report; to consider re-elections of directors; and to consider approval of employee performance rights plan;.


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