PNX to divest Moline Project for up to $3 million

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.

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2022-03-01T09:09:13+10:30