News

Drilling underway and visible gold discovered at Glencoe

2021-10-28T08:56:04+10:30

The Company is pleased to advise that a 2,000m RC drill program has re-commenced at the Glencoe gold deposit (“Glencoe”) which is located on a granted Mineral Lease approximately 170 km south of Darwin, and 3 km north of PNX’s Fountain Head Gold Project in the Pine Creek region of the Northern Territory.  Drilling will predominantly focus on testing the ‘Eastern Zone’ extensional area, and increasing geological confidence within the current Mineral Resource Estimate. Significantly, during recent geological field mapping and sampling, numerous occurrences of coarse gold were detected at surface in a discontinuous sub-cropping quartz vein traced for over

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Results of Annual General Meeting

2021-10-27T13:41:02+10:30

The Company advises the outcome of the resolutions considered by Shareholders at the Company’s Annual General Meeting held earlier today, 27 October 2021.  All resolutions were decided by way of a poll.

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High-Grade gold in surface rock chips at Glencoe

2021-09-23T08:55:48+09:30

The Company is pleased to advise that it has received assay results from rock chip samples taken during geological mapping of the Glencoe gold deposit (“Glencoe”) and the surrounding area. Glencoe is located on a granted Mineral Lease approximately 170 km south of Darwin and 3km north of PNX’s Fountain Head Gold Project in the Pine Creek region of the Northern Territory. Numerous high-grade gold values in excess of 1.0g/t were returned from the newly defined ‘Eastern Zone’, including 6.02g/t Au (TGU5467), 4.04g/t Au (TGU5459) and 3.05g/t Au (TGU5486). These samples were collected from outcropping quartz-sulphide veined and altered mafic rocks

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Multiple zones of high-grade gold mineralisation at Glencoe

2021-09-14T09:18:29+09:30

The Company is pleased to advise that it has successfully completed 27 reverse circulation drill holes for 2,352 metres at the Glencoe gold deposit (“Glencoe”). Glencoe is located on a granted Mineral Lease approximately 170 km south of Darwin and 3 km north of PNX’s Fountain Head Gold Project in the Pine Creek region of the Northern Territory. Glencoe represents a ‘bolt-on’ asset that has significantly expanded the proposed Fountain Head development. In a highly successful first drill program at Glencoe, immediate extensions to near-surface gold mineralisation were intersected, extending the strike by more than 200 metres to the southeast of

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Fountain Head Gold Project Drilling Results

2021-08-11T08:54:18+09:30

The Company is pleased to advise that it has received assay results from reverse circulation drilling of ‘near-mine’ exploration targets at the Fountain Head Gold Project (“Fountain Head”).  Fountain Head is 100% owned by PNX and located on granted Mineral Leases approximately 170km south of Darwin in the Pine Creek region of the Northern Territory.

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Drilling commenced at the Glencoe gold deposit

2021-07-16T08:07:27+09:30

The Company is pleased to advise that a reverse circulation (RC) drill program of up to 2,000 metres has commenced at the Glencoe gold deposit (“Glencoe”). Approximately 1/3 of the drill program is designed to test for immediate extensions where near-surface gold anomalism highlights along-strike potential, with the remainder to be drilled within the boundary of the Mineral Resource to increase geological confidence. Glencoe is located on a granted Mineral Lease approximately 170km south of Darwin and 3km to the north of PNX’s Fountain Head Gold Project in the Pine Creek region of the Northern Territory.

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Engineers engaged to fast-track gold plant development at Fountain Head

2021-06-29T08:43:34+09:30

The Company is pleased to advise that it has engaged Como Engineers Pty Ltd (“Como”) to assist with fast-tracking the Fountain Head Gold Project development. Fountain Head is 100% owned by PNX and located on granted Mineral Leases approximately 170km south of Darwin in the Pine Creek region of the Northern Territory, and is part of a broader sequential development strategy that includes the Hayes Creek Project (refer ASX release 17 June 2021 ‘Positive PFS supports long-term gold, silver, zinc Project development’). Como is an experienced and well-regarded engineering group that specialises in ‘fit for purpose’ solutions and utilises modular

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Drilling Underway at the Fountain Head Gold Project

2021-06-23T09:32:03+09:30

The Company is pleased to advise that a reverse circulation drill program of up to 2,800 metres has commenced at the Fountain Head Gold Project (“Fountain Head”). The program aims to test newly identified exploration targets with the potential to host additional ‘near-mine’ gold resources. Fountain Head is 100% owned by PNX and located on granted Mineral Leases approximately 170 km south of Darwin in the Pine Creek region of the Northern Territory.

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Director Appointments

2021-06-18T09:49:02+09:30

The Company is pleased to announce the appointment of Dr Frank Bierlein and Mr Richard Willson as non-executive directors of the Company effective today.

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Positive PFS supports long term gold, silver, zinc Project

2021-06-17T11:36:42+09:30

The Company is pleased to announce the results of a Preliminary Feasibility Study (PFS) that supports the sequential development of its 100% owned Fountain Head gold and Hayes Creek gold-silver-zinc Projects (Project), both of which are located approximately 170km south of Darwin in the Pine Creek region of the Northern Territory. Over the last 12 months the Company has studied a range of options and completed a comprehensive assessment of the technical and economic parameters relating to the sequential development of the Project, that the Company believes holds the best potential to maximise shareholder returns. The proposed development will make

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Environmental Impact Statement lodged for FH Gold Project

2021-06-01T09:16:45+09:30

The Company is pleased to advise that the Environmental Impact Statement (EIS) for the Fountain Head Gold Project (Project) has been lodged with the Northern Territory Environmental Protection Authority. The EIS is an important milestone in the Project approval process and the culmination of a significant detailed body of work by the Company and its Environmental Consultants, ERIAS Group, to identify potential Project environmental impacts and risks and mitigate these through careful and considered management. The EIS contains a comprehensive risk assessment, and studies on groundwater and surface water, biodiversity, Aboriginal and cultural heritage, socioeconomic impacts, transport, air quality, noise,

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