News

Drilling Recommenced at Moline Gold and Base Metals Targets

2017-08-08T12:48:11+00:00

A 15 hole RC drill program has commenced at three prospects in the Moline Project area, approximately 65km to the east of the Hayes Creek zinc and precious metals project in the NT.   All three prospects returned excellent intersections of gold and base metals mineralisation in drilling done in 2016

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Hayes Creek Confirmed to be a Leading Zinc and Precious Metals Project

2017-08-08T12:46:05+00:00

PNX is pleased to announce the completion of a PFS for its Hayes Creek zinc-gold-silver Project, which confirms the Project to be a high value, relatively low risk and technically strong development opportunity for the Company.  Given these outcomes, the PNX Board has resolved to proceed immediately with a DFS.  PFS highlights: Robust zinc and precious metals Project forecast to generate net smelter revenues of $628 million over a 6.5 year mine life $266 million pre-tax net cashflow estimated over Life of Mine (LoM) at an average of $41 million per year  Pre-tax NPV10% of $133 million, IRR of 73% and

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New NT Gold and Base Metals Targets

2017-08-08T12:07:31+00:00

PNX has commenced exploration field work at the Burnside and Moline project areas in the Pine Creek region of the Northern Territory focusing on a number of exciting gold and base metal targets

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Successful Metallurgical Optimisation at Hayes Creek

2017-08-08T12:01:45+00:00

PFS met optimisation completed with an improvement in overall recoveries from initial test-work, de-risking metallurgical aspects of the project.  Zinc concentrate and Precious Metals concentrate readily saleable as high-value products

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Hayes Creek Mineral Resources Exceed 1.1Moz Gold Equivalent

2017-06-03T00:18:42+00:00

PNX is pleased to announce an update to the total Mineral Resources at its 100% owned Hayes Creek Project following completion of a revised Mineral Resource at Iron Blow. Total Hayes Creek resources are now 4.1 million tonnes @ 10.93% ZnEq or 8.47g/t AuEq (4.35% Zn, 1.81 g/t Au, 124 g/t Ag, 0.91% Pb, and 0.25% Cu) Contains 445,000 tonnes of ZnEq or 1.11 million ounces of AuEq 85% in the higher confidence Indicated category

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High-Grade Zinc-Gold-Silver Intersections Continue at Iron Blow

2017-06-03T00:18:43+00:00

PNX has now received all assays from a 30 hole infill and extensional drill program at the Iron Blow VMS deposit.  Highlights from final 9 holes assayed: 7.5m @ 19.1% Zn Eq (12.77% zinc, 1.89g/t gold, 326g/t silver, 2.82% lead, 0.35% copper) from 210.7m in IBDH060 eastern lode 29.5m @ 4.3% Zn Eq (1.82% zinc, 2.41g/t gold, 24.8g/t silver, 0.13% lead, 0.28% copper) from 247.9m in IBDH060 western lode 15.7m @ 5.5% Zn Eq (5.04% zinc, 0.82g/t gold, 19.2g/t silver, 0.13% lead, 0.24% copper) from 118.2m in IBRC029D eastern lode Results from this drill program confirm the geological model and

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High-Grade Zinc & Precious Metals – Iron Blow, Hayes Creek

2017-06-03T00:18:43+00:00

Excellent assay results from a further 9 holes at the Iron Blow infill and extensional drill program: 15.6m @ 16.8% Zn Eq[1] (12.25% zinc, 2.28g/t gold, 214g/t silver, 2.02% lead, 0.39% copper) from 64.2m in IBRC030D 12.0m @ 13.6% Zn Eq (8.94% zinc, 2.46g/t gold, 209g/t silver, 1.03% lead, 0.32% copper) from 40.0m in IBRC057 eastern lode, and 19.0m @ 9.7% Zn Eq (8.91% zinc, 1.73g/t gold, 40.7g/t silver, 0.25% lead, 0.25% copper) from 67.0m in IBRC057 western lode This excellent near-surface mineralisation intersected introduces the potential for an initial open-pit in addition to the previously considered underground mine - this could

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