News

Fountain Head Gold Project Development

2021-03-04T09:15:38+10:30

The Company is pleased to provide an update on the Fountain Head Gold Project development with a number of important milestones reached. The Company has finalised the Sale and Purchase Agreement (SPA) with private company, Ausgold Trading Pty Ltd (“Ausgold”), to acquire the Glencoe Gold Deposit (Glencoe) for a total consideration of $1.875 million. A $0.5 million payment was made in Dec 20’ (fully refundable under certain conditions), with a further $0.675 million due upon execution of the SPA, and the balance to be paid by 31 December 2021 (refer to Key Terms in ASX announcement 10 December 2020 for

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RCR Research Report

2021-02-18T11:14:01+10:30

PNX Metals Limited - Gold and silver developer preparing for mine approval PNX Metals (ASX: PNX) holds a unique mix of zinc, gold and silver assets 170km south of Darwin in the Northern Territory. Gold resources of 400koz, 16.2Moz of silver and 180kt of zinc, are located on 100% owned Mining Licences. At the Fountain Head Gold Mine, construction of a ±A$40M CIL plant is being evaluated with potential for commencement in 2021. The recent Glencoe acquisition (43koz at 1.9g/t, JORC 2004) shows promise to augment the gold mine and grow resources. We have a Speculative Buy, with a 12-month

Appendix 3G

2021-02-02T14:14:09+10:30

Appendix 3G in relation to the grant of unquoted Performance Rights under the PNX Metals Limited Employee Performance Rights Plan approved by shareholders at the Annual General Meeting held on 23 October 2019.

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Cleansing Notice Under Section 708A(5)(e)

2021-01-29T14:28:11+10:30

This notice is given under section 708A(5)(e) of the Corporations Act 2001 (Cth) and the Company’s confirms that it has issued a total of 202,288,206 ordinary shares on 29 January 2021 to sophisticated and professional investors being a placement of the shortfall shares under the non-renounceable rights issue announced to the ASX on 30 November 2020. The related Appendix 2A was lodged with the ASX on 25 January 2021.

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Appendix 2A

2021-01-25T09:25:04+10:30

Appendix 2A for the quotation of 202,288,626 PNX: Fully Paid Ordinary Shares to be issued on 29 January 2021 for the placement of the non-renounceable rights issue shortfall.

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Strongly Supported Rights Issue Shortfall Placement

2021-01-25T09:18:52+10:30

The Company is pleased to advise that it has received firm commitments for the full placement of the non-renounceable pro-rata rights issue shortfall, being 202,288,626 new shares (refer ASX release 22 December 2020) pursuant to the non-renounceable pro-rata rights issue (refer ASX release 30 November 2020) which closed on 17 December 2020.

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