Cleansing Statement – Non Renounceable Rights Issue
Angelo Gaudio2019-04-18T13:01:22+09:30Cleansing Statement in relation to the launch of the Non Renounceable Rights Issue and notice under Section 708AA of the Corporations Act
Cleansing Statement in relation to the launch of the Non Renounceable Rights Issue and notice under Section 708AA of the Corporations Act
Non Renounceable Rights Issue Offer Memorandum
Investor Presentation for Non Renounceable Rights Issue
Appendix 3B in relation to launch of Non Renounceable Rights issue
PNX Metals Limited is pleased to announce the launch of a three (3) for five (5) non-renounceable pro-rata rights issue at an issue price of $0.006 per new fully paid ordinary PNX share to raise approximately $5.48 million (before costs and expenses). With strong support from key shareholders, and engagement of Hartleys Limited as Lead Manager to the Offer, PNX has secured commitments and underwriting for the full amount of the Rights Issue. The proceeds of the Offer will be used to undertake significant activity at PNX’s flagship Hayes Creek zinc-gold-silver project, including completion of the Definitive Feasibility Study, and
The Company’s announcement ‘Hayes Creek test work identifies new process to materially increase gold/silver recoveries’ dated 9 April 2019 has been re-released with the inclusion of Table 1 as an Appendix.
PNX Metals Limited is pleased to advise that it has identified a new pathway to materially increase recoveries of gold and silver from the Iron Blow volcanogenic massive sulphide (VMS) deposit. Iron Blow, along with the Mt Bonnie VMS deposit and the Fountain Head gold prospect, collectively comprise the Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The recently completed optimisation test work will feed into the definitive feasibility study as a new unit process designed to capture additional gold and silver from the Iron Blow float tails that would otherwise remain locked in the
PNX Metals Limited is pleased to advise that it has commenced diamond drilling at the Iron Blow VMS deposit which along with the Mt Bonnie VMS deposit, and the Fountain Head gold prospect collectively comprise the Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. Two diamond drill holes are planned for approximately 500 metres at Iron Blow to provide; • Representative samples of the eastern and western massive sulphide lodes to finalise Definitive Feasibility Study (DFS) level metallurgical flotation testwork for offtake and marketing purposes, and • Additional geotechnical information and assay data relating to stope
PNX Metals Limited is pleased to advise that assay results have been received from its latest program of reverse circulation (RC) drilling completed in late 2018 at its Cookies Corner prospect, located less than 30km from PNX’s flagship Hayes Creek zinc-gold-silver project in the Pine Creek region of the Northern Territory. The objective of this program was to extend gold mineralisation discovered in August 2018, and to increase confidence in the continuity of mineralisation to estimate a mineral resource to augment the Hayes Creek project. Based on the assay results PNX has extended the near-surface gold mineralisation at Cookies Corner down-dip, along section (width)
PNX Metals Limited is pleased to advise the appointment of Mr Angelo Gaudio as Company Secretary and Chief Financial Officer. Mr Gaudio is replacing Mr Tim Moran who has resigned as Company Secretary and Chief Financial Officer, effective from the close of business on 10 January 2019. Mr Gaudio has over 35 years’ experience in the accounting profession and over 8 years’ experience as a Company Secretary for ASX listed companies. His experience includes exploration, development and mining within the uranium, copper, gold, silver and graphite sectors, as well as fuel distribution, engineering and fabrication operations. He is a Fellow
PNX Metals Limited is pleased to announce that new assay results containing high-grade gold have been received from diamond drilling to test extensions to the mineralised vein systems associated with the Fountain Head and Tally Ho gold lodes at its Fountain Head Gold Project in the Pine Creek region of the Northern Territory.
Emerging base metals and precious metals developer, PNX Metals Limited is pleased to advise that it has now earned a 90% interest in the Burnside and Chessman projects in the Northern Territory from Newmarket Gold NT Holdings Pty Ltd a subsidiary of Kirkland Lake Gold Ltd.
PNX is pleased to advise it has commenced a follow-up 20 hole, 1800m RC drill program at its highly prospective gold project at Cookies Corner - NW section of Burnside project, approx. 30km from the Company's Hayes Creek Project.
MD James Fox, presenting at the Brisbane Resources Round-up
PNX has completed a 16 hole, ~1,100 metre RC drill program at the Cookies Corner prospect, located in the NW corner of the Burnside project and less than 30km from the Hayes Creek Zn-Au-Ag project. This initial drill program tested a 1km long gold-in-soils anomaly, and all 16 holes intersected gold mineralisation over a continuous 500 metre strike that remains open, including: 20m @ 1.93 g/t Au from 12 metres in CCRC005, including; 8m @ 4.29 g/t Au from 12 metres; and 6m @ 3.72 g/t Au from 71 metres in CCRC002
Second and final tranche of placement shares issued - 169.4 million shares for $1.4 million. Total funds raised from the capital raise were $3.5 million.
PNX has commenced diamond drilling at the Banner prospect (Fountain Head Project), following up the recent discovery of further high-grade gold mineralisation. Diamond drill-hole FHDD091 is being drilled directly under FHRC085 which returned an intercept of 6m @ 39.5g/t Au from 54m. Results from this program will be essential to designing a much larger follow up drill program planned to commence during October.
Updated research from Hartleys Limited, after visiting PNX's project sites in the Northern Territory. Recommendation remains 'Speculative Buy'
PNX has made a discovery of near-surface high-grade gold mineralisation in its first drilling program at the Banner prospect, within PNX’s 100% owned Fountain Head project in the NT. High-grade gold mineralisation was intersected in three of seven holes drilled, with remaining assays from a further three holes drilled on the northern most section expected to be received and reported shortly. Significant results: 1m @ 5.92 g/t Au from 42m; and 2m @ 5.85 g/t Au from 50m in FHRC079 1m @ 1.70 g/t Au from 46m in FHRC081 2m @ 1.86 g/t Au from 6m; and 6m @ 39.5 g/t
High-grade gold assays have been received from a further 5 RC drill holes at Fountain Head. The new results were received from drilling to test extensions to the mineralised vein systems associated with the Fountain Head and Tally Ho gold lodes. Significant results include: 16m @ 1.37 g/t Au from surface in FHRC074 (Fountain Head), including; 1m @ 8.39 g/T Au from 5m 2m @ 4.04 g/t Au from 21m; and 5m @ 3.96 g/t Au from 107m in FHRC076 (Tally Ho lode), including 2m @ 9.17 g/t Au from 110 The first diamond tail completed to test the down-plunge extent of
Refer to PNX’s company page at www.asx.com.au for Announcements prior to 1 July 2014.