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LSE:PERE
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Pembridge Resources PLC continues to build track record of copper production

Snapshot

  • Pembridge Resources says drilling started in the Minto North area of the Minto mine in Canada
  • 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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LSE:PERE

Price: 5.475 GBX

Market Cap: £4.87 m

About the company

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.

How it is doing

28 Jul 2021

Pembridge Resources PLC (LSE:PERE) 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.

"This is an exciting time for the Minto mine as it restarts exploration on the Minto Claims especially when you consider no exploration drilling has been done on our property for almost a decade,” said chief executive and Chairman Gati Al-Jebouri. "We are optimistic that the results will show further scope to extend the life of the mine."

A total of 13,220 metres of drilling is planned for 2021 with final results expected in early 2022.

15 Jul 2021

Pembridge Resources PLC (LON:PERE) 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.

16 Jun 2021

Pembridge Resources PLC (LON:PERE) hailed an agreement by which the Minto copper project in Canada, in which it owns a major stake, will list on the TSX Venture Exchange via a reverse takeover.

Minto Explorations Ltd will reverse into a Canadian shell company named 1246778 BC LTD, known as 778, and list the shares on the TSX under the new name of Minto Metals Corp, which will own 100% of the Minto mine.

What management says

24 May 2021

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 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

2 min read