Announcements

PNX has successfully completed 27 holes for 1,826 metres of infill and extensional reverse circulation (RC) drilling at Mt Bonnie.  Diamond drilling to commence at Iron Blow and also at 2 exploration targets, and results of assays results Langleys drill program

PNX has started a 7,500 metre infill and extensional RC and diamond drilling program on its Hayes Creek gold-silver-zinc project

7 hole RC drilling program has commenced at the Langleys prospect in the NT targeting extensions to known high-grade gold mineralisation

$1.5 million raised via a share placement at 1.9 cents to institutional and sophisticated investors. Funds raised will primarily be used to complete the PFS on the Company’s flagship Hayes Creek gold-silver-zinc project, as well as for regional exploration and drill testing gold and base metals targets in the Pine Creek region

PNX has completed the acquisition of three Mineral Leases highly prospective for gold adjacent to its flagship Hayes Creek gold-silver-zinc project in the NT

RC drilling program targeting areas of known high-grade gold mineralisation at Langleys within the Burnside Project in the NT is scheduled to commence in July

PNX has been awarded $85k of NT government grants to co-fund diamond drilling of two prospects within its Burnside and Chessman projects in the NT, Barossa and Tractor Corner

Technical components of a PFS on the Hayes Creek Zinc, Gold and Silver Project are now fully-funded after securing $1.6 million from the forward sale of silver under 2 agreements