Proposed Issue of Securities – PNX
Angelo Gaudio2022-09-28T09:28:49+09:30Appendix 3B for Proposed issue of securities - PNX in relation to the acquisition of the Mt Porter gold Deposit as announced to the market on 28 September 2022.
Appendix 3B for Proposed issue of securities - PNX in relation to the acquisition of the Mt Porter gold Deposit as announced to the market on 28 September 2022.
The Company is pleased to advise that it has executed a sale and purchase agreement with private Company Ausgold Trading Pty Ltd to acquire the Mt Porter gold Deposit for consideration of $1.05 million to be paid upon Completion. Further staged payments are required subject to certain resource scale and development hurdles being met per the Key Terms of the agreement. The acquisition is consistent with the Company’s strategy to consolidate nearby projects which host existing gold, silver or base metals mineral resources to support the proposed Fountain Head and Hayes Creek development, and have significant exploration upside.
Audited Financial Report for year ended 30 June 2022.
The Company is pleased to announce an updated Mineral Resource Estimate for the Glencoe Gold Deposit (“Glencoe”) (reported in accordance with the JORC Code, 2012). Glencoe is located 3 kilometres north of the Fountain Head Gold Project. Both gold deposits are contained within granted Mineral Leases 100% owned by PNX and situated in the Pine Creek region of the Northern Territory.
The Company is pleased to announce the appointment of Dr. Michael Green as the Company’s new Exploration Manager. Michael will lead the geology team in formulating and managing the Company’s gold and base metals exploration in the Pine Creek region of the Northern Territory. Michael brings a wealth of relevant exploration experience to PNX and will be invaluable as the Company continues its strategy of developing exploration areas into operational mines. He is a qualified geologist with over 25 years of industry experience and has been engaged by the Company for the past 18 months as a consultant.
The Company is pleased to advise that it has lodged a second Supplement to the Fountain Head Gold Project (Project) draft Environmental Impact Statement (EIS) with the Northern Territory Environmental Protection Authority. The EIS is an important component of the Project approval process and contains a comprehensive risk assessment, including studies on groundwater and surface water, biodiversity, Aboriginal and cultural heritage, socioeconomic impacts, transport, air quality, noise, and closure/rehabilitation. A detailed body of work was completed by the Company and its Environmental Consultants, ERIAS Group, to identify potential Project environmental impacts and risks and mitigate these through careful and considered
Quarterly Appendix 5B Cashflow Report for the quarter ended 30 June 2022.
Quarterly Activities Report for the quarter ended 30 June 2022.
The Company is pleased to announce it has increased its Northern Territory exploration footprint in an area highly prospective for gold, base metals, and uranium. The Company has satisfied the terms of a Farm-In Agreement with private operators Oz Uranium Pty Ltd and Rockland Resources Pty Ltd, covering two granted Mineral Leases, one Mining Lease Application and five Exploration Licences. This acquisition continues to strengthen PNX’s footprint in the Pine Creek region. The new licenses are contiguous with PNX’s existing tenements at Hayes Creek that host the zinc-gold-silver mineral resource at Iron Blow. The Iron Blow and Mt Bonnie massive
The Company is pleased to advise that Grants NT has approved its application for co-funding in Round 15 of the Northern Territory Geophysics and Drilling Collaborations program. The Geophysics and Drilling Collaborations program is part of the Northern Territory Government’s ‘Resourcing the Territory’ initiative, https://resourcingtheterritory.nt.gov.au/. This is a competitive grants program administered by the Northern Territory Geological Survey to address geoscientific knowledge gaps, advance exploration activity and support the discovery and development of resources in the NT. PNX’s application for a 1,099 line-km drone magnetic survey to cover its 100% owned zinc-gold-silver Hayes Creek, and Fountain Head and Glencoe gold
Quarterly Appendix 5B Cashflow Report for the quarter ended 31 March 2022.
Quarterly Activities Report for the quarter ended 31 March 2022.
The Company is pleased to advise that rock chip samples taken during field mapping at its Glencoe gold deposit (“Glencoe”) have returned high-grade gold assay results and identified new gold bearing quartz veins. A total of thirty-five (35) rock chip samples were taken from selected sites at Glencoe during geological mapping to assist with determining the distribution of gold and understanding its geological context The majority of samples were taken from quartz veins with a strike direction (orientation) ~30° oblique to that of the main MRE gold lodes, and which have not been adequately tested by recent drilling. The orientation
The Company is pleased to announce that it has agreed to divest its Moline project in the Northern Territory to Sovereign Metallurgical Pty Ltd (a related party to Ausgold Trading Pty Ltd) for a total consideration of up to $3.0 million, plus refund the existing tenement bond of approximately $300,000. The Moline project is located approximately 65km east of the Company’s Fountain Head and Hayes Creek development.
Appendix 3Y Change of Director's Interest Notice for Graham Ascough
See Form 604 prepared by substantial shareholder, DELPHI Unternehmensberatung Aktiengesellschaft.
Appendix 2A for the quotation of 791,864,296 PNX: Fully Paid Ordinary Shares issued under the Non Renounceable Rights Issue announced on 20 January 2022.
The Company is pleased to advise the results of the non-renounceable pro-rata rights issue (ASX release 20 January 2022) that closed at 5:00pm (ACDT) on 9 February 2022. The total amount raised was $3,959,321 from acceptances of 791,864,296 new shares at an issue price of $0.005 per share, representing an approximate 87% take-up (including oversubscriptions).
The Company wishes to remind shareholders that the non-renounceable pro-rata rights issue, announced on 20 January 2022, closes at 5pm (Adelaide time) on Wednesday, 9 February 2022. 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 the Company directly.
Quarterly Appendix 5B Cashflow Report for the quarter ended 31 December 2021.
Quarterly Activities Report for the quarter ended 31 December 2021.
The Company is pleased to advise that, following the launch of a non-renounceable rights issue (Refer to ASX Announcement on 20 January 2022 for further detail), the following offer documents, attached hereto, have been despatched to shareholders today: (1) Entitlement Offer Booklet, and (2)Entitlement and Acceptance Form
This notice is given under section 708AA(2)(f) of the Corporations Act 2001 (Cth) and refers to the Company's Offer Memorandum and Appendix 3B lodged with ASX on 20 January 2022 for a one (1) for four (4) non-renounceable pro-rata entitlement issue of new shares in PNX Metals at an issue price of $0.005 per New Share to raise up to approximately $4.6M (before costs).
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.