Trading Halt


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


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


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 for Announcements prior to 1 July 2014.