Acquisition of High-Grade Massive Sulphide Deposits – NT


Phoenix Copper has signed an agreement to acquire 100% of the Iron Blow and Mount Bonnie deposits from Canadian-listed gold producer Crocodile Gold Corp, and to earn up to a 90% interest in the nearby Burnside, Moline and Maud Creek base metals and gold exploration projects in the Northern Territory.

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Copper anomaly identified at new Condor Project


Phoenix Copper is pleased to report 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.  

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Phoenix Copper Acquires Further Shares in Avalon


Phoenix Copper Limited (ASX:PNX) advises today that it has acquired further shares in Avalon Minerals Limited increasing its relevant interest in Avalon to 10.4%. A notice of change in substantial holding, Form 604, is attached to this announcement.

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Sale of Leigh Creek Copper Mine


Phoenix Copper Limited is pleased to announce that it has signed a non-binding term sheet with Clean TeQ Holdings Limited (ASX:CLQ) for the sale of Phoenix's wholly owned subsidiary Leigh Creek Copper Mine Pty Ltd ("LCCM").

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$350,000 Raised via Share Placements


Phoenix Copper Limited is pleased to announce the receipt of $350,000 by way of share placements to sophisticated investors. A total of 7,777,778 shares will be issued at a price of 4.5 cents, with funds raised to be used for working capital purposes.

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RC Drilling to Commence at Black Hill Gold Prospect


Phoenix Copper Limited is pleased to advise that Reverse Circulation drilling has commenced to test gold targets at the company's wholly owned Black Hill Prospect. Black Hill is situated approximately 22km to the north-east of Burra in South Australia within the Mongolata Goldfields.

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$1m Additional Funds Secured


Phoenix Copper Limited is pleased to announce that it has secured unconditional agreements for $600,000 in funding through the issue of convertible notes and has also received its Research & Development claim for the 2012 tax year of $391,000 and disposed of non-core assets, for total proceeds of approximately $1 million.

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Results from IOCG Drilling on the Yorke Peninsula


Phoenix Copper Limited is pleased to announce that results from its recently completed Yorke Peninsula shallow drilling programme have returned anomalous base metal geochemistry from altered rocks indicative of Iron Oxide Copper Gold (IOCG) mineralisation at the Balgowan and Cross Prospects.

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Phoenix Copper completes $1.5m capital raise


Phoenix Copper is pleased to announce the receipt of $1.53 million from the exercise of 15.3 million 30 June 2012 10 cent options. As a result, the Company has issued 15.3 million fully paid ordinary shares in PNX, and a further 15.3 million free attaching options, each exercisable at $0.15 and expiring 30 June 2013, will be issued later this month.

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Up to 7.92% copper in sulphides at Burra North


Excellent Copper Assay Results recently returned in near-surface Diamond Core from PCD0038 at Burra North. Intercepts are contained wholly within the northern extension of the Monster Mine sequence of mineralised host rocks and structures which include the interpreted Kingston Fault. Planned follow up reverse circulation (RC) drilling program of up to 1,000m to determine the extend of the mineralisation surrounding PCD0038.

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Refer to PNX’s company page at for Announcements prior to 1 July 2014.