Announcements

PNX Launches $5.48 Million Underwritten Rights Issue

2019-04-18T13:04:42+00:00

PNX Metals Limited is pleased to announce the launch of a three (3) for five (5) non-renounceable pro-rata rights issue at an issue price of $0.006 per new fully paid ordinary PNX share to raise approximately $5.48 million (before costs and expenses).  With strong support from key shareholders, and engagement of Hartleys Limited as Lead Manager to the Offer, PNX has secured commitments and underwriting for the full amount of the Rights Issue. The proceeds of the Offer will be used to undertake significant activity at PNX’s flagship Hayes Creek zinc-gold-silver project, including completion of the Definitive Feasibility Study, and

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Hayes Creek test work identifies new process to materially increase gold/silver recoveries

2019-04-11T14:46:35+00:00

PNX Metals Limited is pleased to advise that it has identified a new pathway to materially increase recoveries of gold and silver from the Iron Blow volcanogenic massive sulphide (VMS) deposit. Iron Blow, along with the Mt Bonnie VMS deposit and the Fountain Head gold prospect, collectively comprise the Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The recently completed optimisation test work will feed into the definitive feasibility study as a new unit process designed to capture additional gold and silver from the Iron Blow float tails that would otherwise remain locked in the

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New Hayes Creek Drilling Program Underway

2019-03-20T10:50:07+00:00

PNX Metals Limited is pleased to advise that it has commenced diamond drilling at the Iron Blow VMS deposit which along with the Mt Bonnie VMS deposit, and the Fountain Head gold prospect collectively comprise the Hayes Creek zinc-gold-silver project  in the Pine Creek region of the Northern Territory. Two diamond drill holes are planned for approximately 500 metres at Iron Blow to provide; • Representative samples of the eastern and western massive sulphide lodes to finalise Definitive Feasibility Study (DFS) level metallurgical flotation testwork for offtake and marketing purposes, and • Additional geotechnical information and assay data relating to stope

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Gold Mineralisation Extended at Cookies Corner

2019-01-29T12:29:16+00:00

PNX Metals Limited is pleased to advise that assay results have been received from its latest program of reverse circulation (RC) drilling completed in late 2018 at its Cookies Corner prospect, located less than 30km from PNX’s flagship Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The objective of this program was to extend gold mineralisation discovered in August 2018, and to increase confidence in the continuity of mineralisation to estimate a mineral resource to augment the Hayes Creek project. Based on the assay results PNX has extended the near-surface gold mineralisation at Cookies Corner down-dip, along section (width)

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Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.