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Phoenix hopes Cobalt name no misnomer

Phoenix Global Mining (LN:PGM) has not rested since its June listing, and has now added two exploration areas to its portfolio. It will be hoping the Idaho town of Cobalt is named that way for the right reasons.

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Phoenix will be hoping the ground is as rich at its new properties as it is around the brownfield Empire project

The explorer listed on the back of its Empire copper project in the US and has now added two Idaho properties of around 6 square kilometres each.