News

Moline Drilling Commenced – Potential New Ore Source for Hayes Creek Project

2018-08-07T09:38:11+00:00

PNX has commenced an 11 hole, ~1,300 metre RC drill program at its 100% owned Moline Project, approximately 65km east of the Hayes Creek zinc-gold-silver project. Drilling objective is to extend significant gold and base metals mineralisation identified by PNX in 2017. Of note, metallurgical testwork highlights the potential for any Moline ore to be recovered and upgraded to a high-value concentrate through the proposed Hayes Creek process plant.    

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High-Grade Gold Intercepts Continue at Fountain Head

2018-08-02T09:44:46+00:00

Assays from a further three RC holes have been received from drilling at PNX's Fountain Head gold project in the Pine Creek region of the Northern Territory.  New significant results being reported from this batch of assays include: 1m @ 10.86 g/t Au from 29m in FHRC072, and 6m @ 2.05 g/t Au from 2m in FHRC073 Assays from the remaining 17 holes are due to be received over the coming weeks, and diamond drilling targeting the down-plunge potential to commence week of Aug 6.   Fountain Head is the first target in an extensive regional exploration program aimed at identifying

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PNX Raises $3.36 million to Accelerate NT Exploration

2018-07-25T09:22:29+00:00

PNX has executed agreements with sophisticated investors and received commitments from Company Directors to raise a total of $3.36 million before costs via the placement of approximately 421 million ordinary shares at a price of 0.8 cents per share. The Placement consists of two tranches ($2.1 million and $1.26 million) and investors are entitled to one free option (‘Option’) for each share subscribed, with the issue of the second tranche of shares and all the Options subject to approval by PNX shareholders. The Placement includes $2 million from new cornerstone investor Delphi Unternehmensberatung Aktiengesellschaft, a German investment company, as well

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High-grade Gold from Fountain Head Drilling

2018-07-23T09:06:40+00:00

PNX is pleased to announce receipt of the first batch of assays from a maiden RC drilling campaign at its Fountain Head gold project in the NT.   Assays from 11 of 31 holes have been received, with 7 of the first 11 holes containing significant gold, including 3m @ 11.09 g/t Au from 93m in FHRC062, including 1m @ 29.30 g/t Au from 95m, and 1m @ 28.00 g/t Au from 83m in FHRC07   Assays from the remaining holes will be reported over the coming weeks.  Diamond drilling targeting the down-plunge potential for high-grade gold under the historic mining

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High-Grade Lithium & Lead-Gold-Silver in Rock Chips at Kilfoyle Project

2018-07-16T12:52:32+00:00

PNX is pleased to announce that an initial field visit to its new Kilfoyle Project in the NT has clearly confirmed the prospectivity of these leases for multiple styles of mineralisation, notably lithium and lead-gold-silver: Numerous outcropping pegmatites mapped over a broad area with up to 7.16% (White Rocks prospect) and 6.24% (Goosewing prospect) Li2O in surface sampling Up to 1.92% lead, 115g/t silver and 1.04g/t gold in surface sampling at White Rocks   The Kilfoyle Project is located less than 80km to the west of PNX’s zinc-gold-silver Hayes Creek Project.

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Exploration Co-Funding Secured – Kilfoyle Project, NT

2018-06-21T12:27:04+00:00

PNX is pleased to advise that its application for drill co-funding to test the potential for nickel-copper-cobalt (Ni-Cu-Co) sulphide mineralisation at its Kilfoyle Project north of Daly River in the Northern Territory has been successful.  Co-funding of up to $83k has been secured for a drill program to commence following geophysical targeting.

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Drilling of Gold Targets Underway at Fountain Head

2018-06-21T12:15:30+00:00

PNX is pleased to announce that drilling activities have commenced at the Fountain Head gold project, being the first target in an extensive regional exploration program aimed at identifying additional high value mineralisation to complement its Hayes Creek zinc-gold-silver project. High-grade gold mineralisation will be targeted, with numerous open high-grade intersections existing that have not been followed up.  

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Acquisition of Kilfoyle Project, Northern Territory

2018-06-01T11:16:54+00:00

PNX has signed a binding term sheet to acquire via farm-in, a 90% interest in three exploration licenses in the Litchfield area of the Northern Territory (Kilfoyle Project) located 130km SSW of Darwin, and less than 80km to the west of PNX’s zinc-gold-silver Hayes Creek Project.  The Kilfoyle Project is prospective for a range of commodities (zinc-lead-silver-gold-lithium-nickel-cobalt-copper) and is considered to be an excellent strategic fit with the Company's existing NT projects.  

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NT Exploration Season Commences with Drilling at Fountain Head + Presentation

2018-04-30T15:42:31+00:00

PNX is pleased to advise that it will commence its regional exploration season in the Northern Territory (NT) in May.  The attached Presentation summarises high-priority drill targets that have been identified at Fountain Head and at the Burnside and Moline exploration areas. These targets will be systematically tested, commencing at Fountain Head in the near term, and have the potential to complement and enhance the Hayes Creek development project, where the Company continues to advance the Definitive Feasibility Study towards completion.

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New Zinc-Gold-Silver Mineralisation at Hayes Creek, NT

2018-02-15T09:33:11+00:00

PNX is pleased to advise that it has received all assay results from recent drilling at the high-grade Hayes Creek zinc-gold-silver, incorporating resource extension drilling at Mt Bonnie as well as geotechnical, resource, hydrological, and metallurgical purposes for the DFS.  Highlights: Assay results indicate high-grade, near-surface mineralisation and resource extension potential 15 drill holes intersected previously unknown mineralisation outside the existing resource at Mt Bonnie, including: 4m @ 6.14% Zn, 1.14g/t Au, 176g/t Ag, 1.29% Pb, 0.11% Cu from 73m in MBRC080, including: 2m @ 10.28% Zn, 1.92g/t Au, 304g/t Ag, 2.11% Pb, 0.17% Cu from 74m Scope to increase

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