and environmentally responsible mining
Capital Metals plc (AIM: CMET), a natural resources company focused on the development of the Eastern Minerals Project in Sri Lanka ( the Project ), one of the highest-grade mineral sands projects globally, is pleased to provide a further progress update on activities on the ground in Sri Lanka.
Our Sri Lanka management team has held several meetings with the relevant government authorities and report that good progress is being made with the environmental process, and the Company is expecting further news on this in the coming weeks.
In addition, CMET is pleased to provide the following background information on the Project s potential to open new economic opportunities in eastern Sri Lanka, and the Company s work with local communities and commitment to ecologically sensitive production procedures that ensure all mining areas are fully rehabilitated.
Notes
Phoenix Copper Limited is a USA focused, base and precious metal emerging producer and exploration company, which has carried out a drilling programme and generated a copper, gold, silver and zinc resource on which it is carrying out a feasibility study to bring the historically producing Empire Mine in Idaho, USA, back into production. It is also evaluating the silver and gold resources around three other past producing mines within the 23 km
2 Empire claims block as well as cobalt in two claims blocks north of Empire in Idaho.
Phoenix s primary operations are focused near Mackay, Idaho in the Alder Creek mining district. This district includes the historical Empire, Horseshoe, White Knob and Blue Bird Mines, past producers of copper, gold, silver, zinc, lead and tungsten from underground mines in the first half of the twentieth century. Additionally, the district includes Navarre Creek a Carlin-trend gold discovery which hosts a 6.1 km gold strike lengt
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 Catherine Evans has been appointed a Non-Executive Director of the Company with effect from 1 May 2021. In addition, Dennis Thomas is retiring as a Non-Executive Director from the same date and will join the Company s newly created Advisory Board. He will also continue with his executive role as VP Investor Relations in a non-board position. Harry Kenyon-Slaney has also agreed to join the Advisory Board. Following these changes, the Board will continue to consist of seven Directors, three executive and four non-executive, of whom two will be deemed to be independent, including Catherine Evans. The Advisory Board will consist of two members.
Investegate |Capital Metals PLC Announcements | Capital Metals PLC: Resource Potential and Infrastructure investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.