Pembridge Resources PLC continues to build track record of copper production

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  • Pembridge Resources says Minto raised C$30.5mln ahead of listing in Toronto
  • Pembridge Resources reveal 2021 drilling plans for Minto, ‘recognising its true value’
Pembridge Resources - Pembridge Resources pushes ahead as production resumes at Minto mine

Quick facts: Pembridge Resources PLC

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Pembridge Resources is a London-listed mining company with an investment in Minto Exploration, the company that operates the Minto copper-gold-silver mine in the Yukon, Canada.

The underground copper-gold-silver mine is located around 240km north of the capital Whitehorse along the Klondike Highway. More than US$350mln of capital expenditure has been invested into Minto operations since site construction began in 2006.

The mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance, before Pembridge backed Minto restarted operations in October 2019.

22 Sep 2021

() said about C$30.5mln (GBP17.5mln) of capital has been committed to Minto Explorations Ltd ahead of its listing on the TSX Venture Exchange via a reverse takeover.

The capital raising was priced at C$2.60 per share, implying a valuation before listing of C$156.6mln, or C$187.1mln after listing.

Pembridge invested C$3.8mln of this new capital to maintain its shareholding in Minto at 11.1%.

Of the capital raised, C$15.2mln has been received in escrow accounts, where it will remain until listing approval is received. The remaining C$15.3mln has been committed, with about C$0.55mln anticipated to be closed in the next week and the remaining C$14.75mln being closed on completion of the reverse takeover.

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28 Jul 2021

() said drilling started on July 20 as planned in the Minto North area of the Minto copper-gold-silver mine in Yukon, Canada.

The exploration drilling programme will explore undeveloped parts of the licensed Minto claims in and around the existing deposits and infrastructure that, based on past geophysical surveys and geochemistry, are highly prospective, Pembridge said.

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15 Jul 2021

() announced record quarterly production and offtake sales from the Minto copper-gold-silver mine in the Yukon territory.

During the second quarter, 8,323 wet metric tonnes of concentrate were produced, up from 7,023 wet metric tonnes in the first quarter.

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24 May 2021

‘s () Gati Al-Jebouri joins Proactive London after announcing their 2021 exploration plans for the Minto copper project in Canada.

The plans are to explore the highly prospective and undeveloped parts of the Minto Claims area after the senior management of Minto Exploration Ltd approved an exploration drilling programme.

Al-Jebouri talks though the results of the 43-101 Preliminary Economic Assessment Technical Report.

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Pembridge Resources reveal 2021 drilling plans for Minto, ‘recognising its…

Pembridge Resources PLC’s (LON:PERE) Gati Al-Jebouri joins Proactive London after announcing their 2021 exploration plans for the Minto copper project in Canada.

The plans are to explore the highly prospective and undeveloped parts of the Minto Claims area after the senior management of Minto…

on 24/5/21

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