Engineers Appointed for Hayes Creek Feasibility Study


PNX is pleased to announce the appointment of GR Engineering Services Limited as Study Manager for the Hayes Creek Definitive Feasibility Study.  GRES will be responsible for all process design and engineering aspects of the Project, and their appointment is another important milestone for the Project.

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Strong Zinc and Gold Targets Identified at Swan


Induced Polarisation (IP) geophysical survey completed at the Swan prospect (Moline Project) with excellent results: Near-surface zinc-lead target, and a deeper (75-100m) potential gold sulphide target identified Zinc-lead target located 250 metres from PNX drill hole MORC26 where 1m @ 4.66% zinc, 11.37g/t gold, 95.5g/t silver and 0.90% lead from 45m was intersected These two significant, high-priority new targets are planned to be drilled, commencing early December

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Zinc Exploration Program Commenced – Hayes Creek and Regional Projects, NT


PNX has commenced a significant new phase of exploration at its Hayes Creek zinc-gold-silver project and its Moline Exploration Project in the Pine Creek region of the Northern Territory: Induced Polarisation geophysical surveys underway at Moline over 3 new large zinc targets (Waterhole, Mango, Swan) with drilling to follow 4,000m of drilling has commenced at Hayes Creek to support DFS and potentially extend mine life

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New Priority Zinc Targets Identified at Moline, NT


A number of new, high priority zinc targets have been identified from within PNX's Moline Project, approximately 65km to the east of the Hayes Creek zinc-gold-silver Project: Waterhole - significant zinc-lead geochemical anomaly defined over a 1,300m x 400m area Mango - strong zinc-lead geochemical anomaly measuring 800m x 100m near a historic base metals mine Swan - zinc-lead anomaly approximately 700m in length immediately to the north of a drill intercept of 1m @ 4.66% Zn, 11.37 g/t Au, 95.5 g/t Ag and 0.90% Pb (MORC026 from 45m) Geophysical surveys to commence in order to refine targets ahead of drilling.  

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High Grade Gold with Zinc-Silver Drilled at Moline Project


High-grade gold returned from drilling at the Moline Project Analysis highlights extensions to mineralisation over three main zones; the School prospect, beneath the historic Moline Pit, and the newly identified Swan prospect 3m @ 7.6 g/t Au from 138m in MORC015 below 7m @ 11.9 g/t Au in MORC002 shows high-grade gold mineralisation continuing at depth at the School prospect Newly discovered mineralisation at the Swan prospect - 1m @ 11.37 g/t Au, 128 g/t Ag, 4.66% Zn from 45m (MORC0026) demonstrates potential for mineralisation complementary to Hayes Creek

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PNX Now Well-Funded to Advance NT Zinc Projects


PNX has finalised the first of a significant series of transactions comprising a Placement, Share Purchase Plan and Debt for Equity Swap which will leave PNX debt-free and well-funded for a significant upcoming exploration program and to advance the Hayes Creek Project in the NT. $1.9 million Placement completed which was significantly oversubscribed $0.6 million Share Purchase Plan to be offered to eligible shareholders Total new capital of up to $2.5 million is in addition to the $0.8 million recently secured from the forward sale of silver from the Hayes Creek Project Subject to necessary approvals, existing PNX debt of

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Refer to PNX’s company page at for Announcements prior to 1 July 2014.