Announcements

Placement and Rights Issue to raise up to $6.67M

2020-11-30T12:55:35+10:30

The Company is pleased to announce that it has received firm commitments for a placement to eligible professional and sophisticated investors, including existing substantial shareholder DELPHI Unternehmensberatung Aktiengesellschaft, of 378,333,333 fully paid ordinary shares in the Company at an issue price of $0.006 per share (New Shares) to raise approximately $2.27 million before costs. The Company is also offering eligible shareholders the opportunity to acquire New Shares at the same price as the placement ($0.006 per share) through a one (1) for four (4) non-renounceable pro-rata rights issue to raise up to $4.4 million (before costs and expenses).

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Director Appointment/Resignation

2020-11-30T12:48:25+10:30

The Company advises the following changes to the composition of its Board of Directors. Mr David Hillier has resigned as Non-Executive director with effect from 26 November 2020 and Mr Hansjörg Plaggemars has been appointed to the board as Non-Executive Director with effect from 28 November 2020.

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Trading Halt

2020-11-30T01:12:01+10:30

The securities of the Company will be placed in trading halt at the request of PNX, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 30 November 2020 or when the announcement is released to the market.

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Fountain Head Development Update

2020-11-16T09:24:38+10:30

PNX Metals Limited advises that the exclusivity period for negotiation of a proposed Joint Venture for the funding of gold processing infrastructure at PNX’s 100% owned Fountain Head Gold deposit (“Project” or “Fountain Head)” and production sharing agreement with Halifax Capital Pty Limited and its subsidiary Bridge Creek Mining Pty Limited has been allowed to lapse. As no agreement satisfactory to PNX has been reached, the Company has elected not to extend the negotiations (or negotiating period) and will retain 100% of the Project on its own terms.

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Expiry of Unlisted Options

2020-11-02T17:16:56+10:30

The Company advises that the following unlisted options expired on 30 October 2020: -  20,000,000 unlisted options, exercisable at $0.0149 expiry on 30 October 2020.

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Results of Annual General Meeting

2020-10-28T15:23:54+10:30

The Company advises the outcome of the resolutions considered by Shareholders at the Company’s Annual General Meeting held earlier today. All resolutions were decided by way of a poll.

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New Gold Targets Prioritised for Immediate Follow-up

2020-10-09T09:37:52+10:30

The Company is pleased to advise that a regional review of its Burnside Exploration Project (located in the Pine Creek region of the Northern Territory, approximately 170km from Darwin) has identified multiple high priority gold targets, separate from Fountain Head, each with the potential to host economic quantities of gold mineralisation. Four areas have been prioritised for immediate follow-up.

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Trading Halt

2020-07-15T12:15:17+10:30

The Company requested it's securities be placed in trading halt pending the release of an announcement for a joint venture arrangement in relation to the Fountain Head project and infrastructure. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 16 July 2020 or when the announcement is released to the market.

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Mineral Resource Update at Fountain Head

2020-07-15T12:00:37+10:30

The Company is pleased to announce an update to the Mineral Resource estimate for the 100% owned Fountain Head Gold Project (reported in accordance with the JORC Code, 2012) located in the Pine Creek region of the Northern Territory. The Mineral Resource estimate for Fountain Head and Tally Ho is shown in the Table included in the ASX announcement. The Mineral Resource estimate is reported above a cut-off grade of 0.7 g/t Au, consistent with the assumed open pit mining method..

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Further high-grade gold at Fountain Head

2020-05-19T09:44:04+10:30

PNX is pleased to provide an update on its Fountain Head gold development project, located in the Pine Creek region of the Northern Territory, following the receipt of final assays from the recently completed Reverse Circulation (RC) drilling program. Between December 2019 and February 2020, the Company drilled 59 RC holes at Fountain Head, with all assays now received and reported. The drilling program was designed to confirm and provide support to the Mineral Resource Estimate and has resulted in increased confidence in the geological model and Project economics. Significantly, a number of holes intersected gold outside the proposed pit-shell

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