The Company is pleased to advise that regional fieldwork is continuing at the C6 gold prospect, where very high-grade gold assay results, including up to 186.6 g/t gold, were reported from surface rock chip samples (refer ASX release 31 May 2023).

The exploration Mine Management Plan has been submitted for approval to enable an accelerated program of trenching and drilling. Trenching and drilling will commence on the approval of the MMP expected in late June.

C6 is part of PNX’s Burnside Northern Leases with the new high-grade zone located on 100% owned EL31893, in the Pine Creek region of the NT, approximately 170 km from Darwin.