Announcements

The Company is pleased to announce further positive gold results from the high-grade C6 gold prospect and that RC drilling commences to test fresh-rock below weathered gold-rich massive sulphide veins mapped in costeans.   The C6 prospect is part of PNX’s Burnside Northern Leases in the Pine Creek region of the NT, with the main high-grade zone located on its 100% owned EL31893, approximately 100 km south of Darwin and 35 km NNW of PNX’s Fountain Head gold development project.

Appendix 4G with Key to Disclosures for 2023 Corporate Governance Statement.

Notice of Meeting for the Annual General Meeting to be held 10:30am Thursday 9 November 2023, level 3/170 Frome Street, Adelaide.

The Company is pleased to advise that the first assays from costeans (trenches) at the C6 gold prospect have confirmed gold mineralisation in bedrock where previously reported assays from surface rock-chip samples returned gold values up to 189.5 g/t. Mapping and sampling from the remaining 6 trenches is ongoing with assays pending. The C6 prospect is part of the Company’s Burnside Northern Leases with the new high-grade zone located on its 100% owned EL31893, in the Pine Creek region of the NT, approximately 100 km south of Darwin and 35 km NNW of PNX’s Fountain Head gold development project. There

The Company is pleased to advise that further fieldwork at the C6 gold prospect has identified new high-grade gold zones at surface, including extending a gossan where up to 186.6 g/t Au was reported previously (refer ASX release 31 May 2023). The Company has received approval under its exploration Mine Management Plan for eight trenches/ costeans of up to 100 m in length and approximately 300 aircore drill holes. The trenching will be used to better evaluate the extent and geometry of gold mineralisation and to assist with targeting the subsequent drill-testing. The C6 prospect is part of PNX’s Burnside

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

The Company is pleased to advise that very high-grade gold assay results have been returned from surface rock chip samples collected during follow-up work at its C6 gold prospect, part of the Burnside Northern Leases in the Pine Creek region of the NT, approximately 170 km from Darwin. The Northern Leases host multiple kilometre-scale gold targets with the potential for economically significant gold mineralisation along the same structural corridor as Cosmo Howley (where modern mining has produced over one million ounces of gold) and numerous other gold deposits (refer ASX release 13 February 2023). Twenty-two (22) rock-chip samples were collected

The Company is pleased to advise that aircore drilling has commenced at Glencoe South. This work program will comprise broad-spaced drilling of up to 64 aircore holes over a 1.2 km x 700 m area. The aim is to obtain geochemical information relating to the bedrock situated beneath transported cover between PNX’s 100% owned Glencoe and Fountain Head gold deposits, located in the Pine Creek region of the Northern Territory. The prospective gold targets are located within newly delineated magnetic stratigraphy and a north-south structural corridor identified by the 2022 detailed drone-magnetic survey (refer ASX release 17 November 2022), and

The Company is pleased to announce that the buyer of PNX’s Moline project (“Moline”), Sovereign Metallurgical Pty Ltd, has elected to finalise the purchase of Moline by paying PNX the balance of the agreed consideration of $1.5 million, plus refund the existing tenement bond of approximately $300,000 on title transfer (refer Key Terms below for further information).

PNX Director Appointment / Resignation PNX is pleased to announce the appointment of Mr Rowan Johnston as an independent non-Executive Director effective immediately. In addition, the Company advises that Dr Frank Bierlein and Mr Richard Willson have resigned as non-Executive Directors of the Company effective from April 6th, 2023  

See Form 604 prepared by substantial shareholder, DELPHI Unternehmensberatung Aktiengesellschaft.

Appendix 3Y Change of Director's Interest Notice for Graham Ascough.

Appendix 2A for the quotation of 936,566,912 PNX: Fully Paid Ordinary Shares issued under the Non Renounceable Rights Issue announced on 30 January 2023.

The Company is pleased to advise the results of its non-renounceable pro-rata rights issue (ASX release 30 January 2023) that closed at 5:00pm (AEDT) on 20 February 2023. The total amount raised (before costs) was $2,809,701 from acceptances of 936,566,912 new shares at an issue price of $0.003 per share, representing an approximate 63.2% take-up (including oversubscriptions).

The Company is pleased to advise environmental approval has been granted for its 100% owned Fountain Head Gold Project, located in the Pine Creek region of the Northern Territory, approximately 170 km by road from Darwin. The decision to grant the environmental approval under the NT Environment Protection Act 2019 (EP Act) was made by the Hon Lauren Moss; Northern Territory Minister for Environment, Climate Change and Water Security; Minister for Equality and Inclusion; Minister for Mental Health and Suicide Prevention; Minister for Seniors; Minister for Youth.

The Company wishes to remind shareholders that the non-renounceable pro-rata rights issue, announced on 30 January 2023, closes at 17:00 (AEDT) on Monday, 20 February 2023.  All eligible shareholders should have received their Offer Booklet by now. If you have not received your booklet and wish to participate, the Company encourages you to contact your broker or custodian, or you can contact us directly.

The Company is pleased to advise that numerous high-grade surface gold samples were collected during an assessment of the northern leases of its Burnside exploration project.  Multiple targets, with the potential to host economically significant gold mineralisation, have been identified within prospective kilometre-scale gold corridors. These areas are located, along with PNX’s Fountain Head and Hayes Creek zinc, gold, silver Projects, in the Pine Creek region of the Northern Territory, approximately 170km from Darwin.