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.
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.
The Company is pleased to advise that a comprehensive geological review of the areas surrounding the Fountain Head Gold Deposit has identified new exploration targets with the potential to host additional ‘near-mine’ gold resources.
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.
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.
Quarterly Appendix 5B Cashflow Report for the quarter ended 30 September 2020.
Quarterly Activities Report for the quarter ended 30 September 2020
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.
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.
Notice of Meeting for the Annual General Meeting to be held 10:30am Weds 28 October 2020, level 3/170 Frome Street, Adelaide
Appendix 4G with Key to Disclosures for 2020 Corporate Governance Statement.
Annual Report to shareholders for year ended 30 June 2020.
Audited Financial Report for year ended 30 June 2020
Quarterly Appendix 5B Cashflow Report for the quarter ended 30 June 2020.
Quarterly Activities Report for the quarter ended 30 June 2020
The Company is pleased to provide an update on the Fountain Head gold Project development located in the Pine Creek region of the Northern Territory, including the receipt of final assays from diamond drill hole FHDD181.
The Company is pleased to announce the signing of a non-binding term sheet with Halifax Capital Pty Limited and its subsidiary Bridge Creek Mining Pty Limited.
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.
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..
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
Quarterly Appendix 5B Cashflow Report for the quarter ended 31 March 2020.
Quarterly Activities Report for the quarter ended 31 March 2020
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.
