Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that it has completed a new economic model for the Empire Mine open pit project in Idaho, USA to recover copper, zinc, gold and silver. - Copper led US mining operation with production targeted for 2022 - The updated Economic Model ( EM ) for the Empire Mine open pit project indicates strong cashflow and rapid payback in less than two years - 10-year Life of Mine ( LOM ) processing a total of 14.3 million tonnes Measured & Indicated ( M&I ) ore at a 0.5% copper cut-off grade
Phoenix Copper (LSE:PXC) | RNS | Phoenix Copper Ltd - Empire Mine Open Pit updated economic model
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