PERE Pembridge Resources Plc

TIDMPERE

RNS Number : 2672X

Pembridge Resources plc

27 August 2020

27 August 2020

Minto Second Shipment of Copper Concentrate

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce the second shipment of copper concentrate from the Minto mine.

On Wednesday 26(th) August the second shipment of copper concentrate since the Minto mine re-opened left the port of Skagway on board the bulk carrier 'Sea Breeze'. This load of 10,000 wet metric tonnes represents the mine's production since April 2020, when the first shipment was made, and is expected to arrive at the discharge port of Niihama, in Japan, in mid-September.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"This second shipment of copper concentrate is the result of the incredible commitment and hard work of the Minto team during these very challenging times. Despite the Covid-19 pandemic, the Minto mine has remained open and operating. We at Pembridge very much appreciate the work and care of all the staff and management team at the mine that has made this possible."

ENDS

NOTES TO EDITORS

About Pembridge Resources plc

Pembridge is a mining company that is listed on the standard segment of the Official List of the FCA and trading on the main market for listed securities of London Stock Exchange plc. Pembridge has an investment in Minto Explorations Ltd, a British Columbia incorporated business operating the Minto mine in Yukon, Canada.

About Minto Explorations Limited

Minto operates the underground copper-gold-silver mine located in central Yukon, approximately 240 kilometres north of the capital Whitehorse along the Klondike Highway. In excess of US$350 million of capital expenditure has been invested into Minto operations since site construction began in 2006. The Minto mine was in continuous production between 2007 and 2018, when the mine was placed onto temporary care and maintenance. Pembridge acquired Minto from Capstone Mining Corporation in June 2019 and restarted operations in October 2019.

Enquiries:

Pembridge Resources plc: +44 (0) 20 7917 2968

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board

David James, Chief Financial Officer

   Brandon Hill Capital - United Kingdom:                                         +44 (0)20 3463 5016 

Jonathan Evans

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August 27, 2020 02:00 ET (06:00 GMT)

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