New Zinc-Gold-Silver Mineralisation at Hayes Creek, NT


PNX is pleased to advise that it has received all assay results from recent drilling at the high-grade Hayes Creek zinc-gold-silver, incorporating resource extension drilling at Mt Bonnie as well as geotechnical, resource, hydrological, and metallurgical purposes for the DFS.  Highlights: Assay results indicate high-grade, near-surface mineralisation and resource extension potential 15 drill holes intersected previously unknown mineralisation outside the existing resource at Mt Bonnie, including: 4m @ 6.14% Zn, 1.14g/t Au, 176g/t Ag, 1.29% Pb, 0.11% Cu from 73m in MBRC080, including: 2m @ 10.28% Zn, 1.92g/t Au, 304g/t Ag, 2.11% Pb, 0.17% Cu from 74m Scope to increase

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PNX Debt Free & Well Positioned to Progress Hayes Creek Project


PNX is pleased to announce that 80 million ordinary shares have been issued to settle a $1.2 million loan, completing a debt for equity swap totalling $1.8 million first announced in Sept 2017.  $0.6m of convertible notes were settled in late November 2017. The agreement to convert debt into PNX shares at an average price of 1.73 cents per share represents a premium of 48% to PNX’s 5 day VWAP at the time of the announcement of the transaction and a 33% premium to PNX’s closing share price of 1.3 cents on 12 February 2018. PNX has also now received its 2017 R&D tax refund

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Appendix 3B


Issue of shares to settle $1.2 million loan and final interest on that loan

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Acquisition of Key Infrastructure Site – Hayes Creek Project


PNX is pleased to advise the signing of an agreement to acquire the Fountain Head Mineral Leases, the preferred site for the process plant and tailings facility for the Hayes Creek zinc-gold-silver Project in the Northern Territory. The mineral leases will be acquired from Kirkland Lake Gold for no cash outlay.  This transaction represents a key milestone for the development of the Project, with environmental Notice of Intent to now be submitted. As part of the deal, the Moline Exploration Project has also been acquired 100%. Kirkland Lake also recently confirmed it will not exercise its option to re-acquire 30% of

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