Company
PNX Metals Ltd
ASX:PNX
PNX Metals Ltd (ASX:PNX) has a large tenement portfolio containing a mix of gold, silver and zinc assets in the Pine Creek region of the Northern Territory. Total contained gold in PNX’s projects to date is close to 400,000 ounces. The advanced Fountain Head Project hosts a mineral resource of 2.94 million tonnes at 1.7 g/t gold for 156,000 ounces of gold.
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PNX Metals spots new gold target zone between Fountain Head and Glencoe in NT
“The detailed drone-mag geophysical survey flown over the Fountain Head/Glencoe gold projects has highlighted new targets within the same prospective stratigraphy that hosts the nearby 1.2-million-ounce Cosmo Howley gold mine," PNX MD James
PNX Metals has RC drill turning in bid to grow Glencoe’s 79,000-ounce gold resource
"The current Glencoe mineral resource remains open in all directions and with further drilling success, has the potential to significantly enhance project economics at the company’s proposed Fountain Head Gold development,” said MD James Fo
PNX Metals adds 48,200-ounce Mt Porter gold deposit to Northern Territory asset base
The acquisition is consistent with the company’s strategy to acquire ‘bolt-on’ assets with exploration upside that supports its proposed development.
PNX Metals boosts gold confidence at Glencoe thanks to upgraded resource
Around 443 drill holes worth of data feeds into the update, which increases the gold ounces in Glencoe’s measured and indicated categories.
PNX Metals strengthens geology team with appointment of industry veteran as exploration manager
Dr Michael Green will lead the geology team in formulating and managing the company’s gold and base metals exploration in the Pine Creek region of the Northern Territory.
PNX Metals lodges comprehensive second supplement to Fountain Head draft EIS
“The PNX project team and our environmental consultants have worked tirelessly to provide the supplementary information requested by the NT EPA to support the Fountain Head Gold Project Environmental Impact Statement, in particular around g
PNX Metals' Fountain Head Gold Project development activities remain on time and on-budget
The company has made a strategic decision to target near-term gold production from Fountain Head prior to the development of Hayes Creek
PNX Metals expands Northern Territory exploration footprint with multiple acquisitions prospective for gold, base metals and uranium
“The completion of this earn-in to obtain 100% ownership of five ELs, and the hard-rock rights over three MLs contiguous with our Hayes Creek zinc-gold-silver project continues to improve our development prospects and strengthen our positio
PNX Metals farm-in expands NT gold footprint
PNX Metals has strengthened its position and expanded its gold footprint in a highly prospective region of the Northern Territory.
PNX Metals garners NT government funds for airborne magnetic survey at gold and base metal projects
“This grant approval is a positive development as it flags the start of our new NT exploration season, and additional focus by the NTGS on highlighting the significant gold and base metals prospectivity within the Pine Creek Orogen,” says M
PNX Metals finds new gold-bearing quartz veins through high-grade rock chips at Glencoe deposit
An updated Glencoe gold mineral resource is being finalised and is due shortly.
PNX Metals to divest non-core Moline Project for up to $3 million
“The proposed divestment of a non-core asset realises immediate value for PNX and allows the company to focus on the development of its 100%-owned Fountain Head gold and Hayes Creek gold, silver and zinc projects located in the Pine Creek r
PNX Metals fields $3.9 million from non-renounceable rights issue
PNX’s largest shareholder took up its full entitlement under the rights issue, as did the company’s directors and management.
PNX Metals raising up to A$4.6 million in rights offer to drive development of Northern Territory projects
The funds will support regional and near-mine exploration to expand mineral resources at the company's gold, zinc and silver projects, spearheaded by Fountain Head and Hayes Creek.
PNX Metals extends near-surface gold zones to more than 1.4 kilometres at Glencoe, remaining open in all directions
“Glencoe continues to strengthen with infill and extensional drilling complementing our previous results and supporting the increased scale potential of the deposit,” says MD.
PNX Metals delivers development update on Fountainhead Gold Project
“Capital cost pressures related to the current economic climate have been in part mitigated and offset by use of second-and equipment, with suitable filtration equipment identified and engineering assessment underway, and use of mobile crus
PNX Metals' RC drilling extends near-surface gold zones at Glencoe deposit
RC drilling is ongoing to test further extensions and increase confidence in the mineral resource estimate.
PNX Metals kicks off RC drilling at Glencoe as mapping identifying coarse gold at surface at Glencoe South
The company’s drill program is expected to take up to six weeks to complete, with assays due from the end of November 2021.
PNX Metals envisages gold, silver, zinc operation in the Pine Creek region following positive pre-feasibility study
The study envisages initial gold mining and processing at Fountain Head (Years 1 to 5) to be followed by gold-silver-zinc development at Hayes Creek (from Year 4).
PNX Metals high-grade surface rock chips highlight potential for Glencoe gold deposit extensions
A further 2,000 metres of reverse circulation drilling is planned to begin next month to test the eastern extensions and to upgrade a portion of the existing Glencoe mineral resource estimate to the indicated category.
PNX Metals intersects multiple new high-grade gold zones at Glencoe
The latest intersections increase the footprint and potential scale of the Glencoe deposit, just 3 kilometres north of its flagship Fountain Head Gold Project.
PNX Metals uncovers high-grade gold mineralisation beyond Fountain Head mineral resource
The gold explorer’s latest exploration campaign has highlighted new areas of open mineralisation on the margins of the deposit and outside the current mineral resource envelope.
PNX Metals begins drilling to test for Glencoe gold extensions in NT
About one-third of the program is designed to test for extensions where near-surface gold anomalism highlights along-strike potential with the remainder for resource infill purposes.
PNX Metals engages engineers to fast-track Fountain Head gold plant
PNX is working with Como Engineers to deliver a design and proposal of the gold plant for a fixed-duration, lump-sum price, thereby removing a large portion of the project risk from PNX.
PNX Metals has RC drill spinning at Fountain Head Gold Project testing five new targets
The company will test new near-surface targets with the potential to host high-grade gold mineralisation beyond the current mineral resource envelope.
PNX Metals enhances board skillset through two director appointments
The company believes that the appointments of Frank Bierlein and Richard Willson as non-executive directors will ensure board skills are aligned with the strategic direction of the company.
PNX Metals tables positive PFS supporting long-term gold, silver, zinc project development
The pre-feasibility study is based on a decade-long life of mine, with nearly half of the multi-commodity project revenue thought to be delivered via gold production.
PNX Metals lodges Environmental Impact Statement for Fountain Head Gold Project
It will continue progressing the assessment and approval process over the next few months with regulatory approval for the Project targeted for the second half of 2021.
PNX Metals first gold resource at new Glencoe deposit expands Fountain Head development
The recent Glencoe acquisition increases the global mineral resource of the Fountain Head Gold Project where the company is targeting first production in 2022.
PNX Metals receives first government approval for development of Fountain Head Gold Project
“The approval of the company’s MMP to enable dewatering of the Fountain Head pit is an important milestone in the development of the project,” says MD.
PNX Metals makes key appointment in transition to production at NT projects
Craig Wilson has worked in Africa, central and Western Australia in copper, uranium, coal, iron ore and numerous open-cut and underground gold mines and will take a leading role in transitioning the Fountain Head gold and Hayes Creek zinc-g
PNX Metals progresses Fountain Head Gold Project feasibility towards development decision next quarter as it finalises Glencoe deposit purchase
It has also finalised the sale and purchase agreement to acquire the Glencoe Gold Deposit, a ‘bolt on’ asset that has the potential to expand the Fountain Head gold development.
PNX Metals receives firm commitments for the full placement of the non-renounceable pro-rata rights issue shortfall, raising $1.2 million before costs
Government approvals for drilling at Fountain Head have been received and the company looks forward to kicking off a busy and productive program of work in late February.
PNX Metals granted trading halt with capital raising announcement pending
Major shareholder German-based Delphi increased its holding in the company to 46.97% with a series of investments during 2020.
PNX Metals buoyed by continuing support of major shareholder Delphi
The German-based mineral resources sector investor has lifted its stake to 46.97% following participation in PNX’s recent rights issue and placement.
PNX Metals directors participate in rights issue to support exploration and project development
Capital raising proceeds will be used to accelerate activities at the 100%-owned Fountain Head and Hayes Creek projects, including feasibility work and government and environmental approvals submission.
PNX Metals’ completed rights issue takes capital raising to $5.437 million
Proceeds from the fundraising initiatives will be used to accelerate activities at the 100%-owned Fountain Head and Hayes Creek projects, including feasibility work and government and environmental approvals submission.
PNX Metals receives up to 7.21 g/t gold in rock chip samples at Burnside Project in NT
The company’s recent field assessment of priority gold exploration targets identified during a recent comprehensive assessment of PNX’s NT exploration tenure has returned high-grade gold in rock chip samples taken from surface outcrop.
PNX Metals new NT gold acquisition has potential to be Fountain Head bolt-on
The acquisition represents the first of many opportunities the company has identified with the potential to add to its existing gold resource base and generate additional flexibility in its development strategy.
PNX Metals substantial shareholder Delphi increases stake to 44.38%
PNX is raising funds to advance its exploration and development strategy focused on gold and zinc-gold-silver projects in the Northern Territory.
PNX Metals raising up to $6.67 million to progress NT gold and zinc-gold-silver projects
It has received firm commitments for a placement to investors, including substantial shareholder Delphi Unternehmensberatung AG, of 378,333,333 fully-paid ordinary shares at an issue price of 0.6 cents per share.
PNX Metals in trading halt with capital raising news pending
The company is planning to undertake a high-resolution aeromagnetic survey over the Fountain Head area to assist in locating follow-up drill holes.
PNX Metals discovers new untested gold lode position adjacent to Fountain Head Project
The high-grade Tally Ho lode, part of the Fountain Head mineral resource, lies within an interpreted N/NW trending structural zone that crosscuts the main Fountain Head anticline.
PNX Metals to expedite Fountain Head feasibility study; aims to commence development activities in 2021
Significant upside at the Fountain Head gold and Hayes Creek zinc-gold-silver Projects has prompted PNX to revert to sole ownership and full control over future development.
PNX Metals identifies new Burnside gold targets for immediate follow-up
The four areas identified for immediate follow-up reinforce the belief that Burnside Project has the potential to support a long-life gold mining operation.
PNX Metals expects to submit EIS for Fountain Head Gold Project by year-end
The company is now finalising the EIS and incorporating updates related to the proposed carbon-in-leach process route, and tailings and water management.
Gold-silver ratio reaches highest level in 87 years from lowest level in 41 years
Silver has been turning heads in recent months and there are signs of a sustained near-term uptrend that could extend for some time.
PNX Metals receives screen fire assays with gold identified between 145–181 metres at Fountain Head Gold Project
The company is working towards formalising the recently announced $40 million joint venture proposal for the development of processing infrastructure at the Fountain Head Project.
PNX Metals takes big step towards Fountain Head gold development with $40 million JV proposal for process infrastructure
The proposed investment will cover the anticipated capital required for development of gold processing infrastructure and related costs necessary to fast-track the project.
PNX Metals boosts Fountain Head gold resource by 13% to 156,000 ounces
The Fountain Head and Tally Ho mineral resources are adjacent to each other on granted mineral leases 100%-owned by PNX.
PNX Metals high-grade gold results confirm potential upside at Fountain Head
An updated mineral resource estimate for Fountain Head is due shortly, which will inform pit optimisations and proposed mining schedules.
PNX Metals shares up 20% after identifying visible gold from drilling at Fountain Head
Remaining drill assays are pending with an updated mineral resource due in May 2020.
PNX Metals substantial holder exercises 74 million unlisted options
The company has funding in place to advance feasibility studies for the Fountain Head Gold Project.
PNX Metals secures $1.6 million to advance Fountain Head Gold Project
The company will use the funds raised to advance feasibility studies and approvals for a heap leach operation.
PNX Metals drills high-grade gold at Fountain Head development
The Ladder-Vein West sits between the Fountain Head and Tally Ho lodes and could support early mining and an increase in gold resources.
PNX Metals progresses Fountain Head gold heap leach development at Hayes Creek Project
An additional 3,000 metres of RC drilling has been completed in 2020 to support metallurgical test work, increase resource confidence and for mine development planning.
PNX Metals sets sight on near-term gold production at Fountain Head Project
Drilling is ongoing to increase geological confidence in the Fountain Head gold resource, extend the known mineralisation and identify new areas with the potential to augment the current resource.
PNX Metals appoints lead financial adviser for Fountain Head Gold Project
Medea Natural Resources will assist with negotiating, structuring and arranging financing for the NT project.
PNX Metals targets near-term heap leach gold production from Fountain Head
A new 8,000 metre RC and diamond drilling program has begun to support metallurgical test work, increase resource confidence and mine development planning.
PNX Metals drilling intersects additional high-grade gold at Fountain Head
Results confirm high-grade continuity at depth and along strike adjacent to the current resource envelope.
PNX Metals adds European focus through appointment of Hans-Jörg Schmidt as director
The company holds a significant base and precious metals tenement portfolio, primarily in the Northern Territory as well as in South Australia.
PNX Metals receives gold recoveries up to 97% in tests on Fountain Head ore
A geotechnical study for a 1 million tonnes per annum heap leach facility has been scoped and detailed planning is progressing for further drilling centred on start-up mining at Fountain Head West.
PNX Metals makes steady progress on Hayes Creek zinc-gold-silver project DFS
The board and management remain confident that continued exploration work will be successful in growing the resource base.
PNX Metals returns to Fountain Head with resource growth in mind
Drilling will be searching for a much larger and previously overlooked near-surface gold system.
PNX Metals reveals 138,000-ounce maiden resource at Fountain Head Gold Project
Potential for future growth in resource remains through further drilling along strike.
PNX Metals shares more than double as it drills 85 metres at 11.8% zinc
Shares hit an intra-day high this morning of 1.4 cents, nearly triple yesterday’s closing price of 0.5 cents.
PNX Metals' board of directors participate in non-renounceable rights issue
The funding will see the company through a transformative period over the next 12 months as it progresses its Hayes Creek project to a low-cost, high-margin zinc and precious metal mine.
PNX Metals’ German substantial shareholder Delphi increases stake to 40.6%
The company recently identified a new process to increase gold and silver recoveries from its Hayes Creek Zinc-Gold-Silver Project.
PNX Metals completes rights issue to progress Hayes Creek zinc-gold-silver project
Substantial holder Delphi’s shareholding in PNX will increase to about 40.6% on an undiluted basis.
PNX Metals’ $5.48 million rights issue closing on Friday
The company has already secured commitments and underwriting for the full amount.
PNX Metals launches rights issue of up to $5.48 million to fund Hayes Creek DFS completion
Major shareholder DELPHI will underwrite the offer while eligible shareholders can participate through a sub-underwriting.
PNX Metals is in trading halt with capital raising news pending
Assays from drilling at Iron Blow are expected later this month and the DFS at Hayes Creek has re-started with the expectation that it will increase confidence in the project.
PNX Metals has potential new gold and silver revenue stream from tailings at Hayes Creek
Optimisation work has potential to recover about 13,000 ounces of gold and 1 million ounces of silver that would otherwise end up in tailings.
PNX Metals begins diamond drilling at VMS deposit within Hayes polymetallic project in NT
Studies are underway to inform the Hayes Creek DFS including those required for government and environmental approvals.
PNX Metals advances NT portfolio with zinc-gold focus
The Northern Territory is PNX’s focus as exploration efforts move indoors during the wet season.
PNX Metals intersects gold mineralisation at Cookies Corner, extending strike to more than 800 metres
The company expects to estimate a near-surface open pittable gold mineral resource after completing the drilling.
PNX Metals appoints Angelo Gaudio as company secretary and chief financial officer
PNX recently received high-grade gold assays from drilling at the Fountain Head Project in the Northern Territory.
PNX Metals drills gold extensions at Fountain Head
Fountain Head is only 15 kilometres from the flagship Hayes Creek Project.
PNX Metals earns 90% interest in two projects near Hayes Creek containing high-value targets
Aim is to define additional resources to add further value to the Hayes Creek zinc-gold-silver project.
Investments and investor services
Kin Mining attracts new substantial shareholder with a 9.31% interest
Mostia Dion Nominees participated in Kin’s 2 for 5 rights issue and subsequent shortfall underwriting.
PNX Metals’ German substantial shareholder Delphi increases stake to 18.09%
The company’s exploration is targeting high-value, highly profitable deposits complementary to its flagship Hayes Creek Project.
PNX Metals commences follow-up drilling for gold at Cookies Corner
Three of the 20 holes planned will extend recent holes that ended in mineralisation.
PNX Metals pursuing two work streams in parallel
A project development stream focused on Hayes Creek and an exploration stream.
Investments and investor services
Brisbane Resources Round-up will showcase Australia’s resources sector
The annual convention is on next week at the Hilton Brisbane with 48 presentations and 70 exhibitors.
PNX Metals identifies gold mineralisation at Cookies Corner prospect in NT
The strong results come from one of several prospective areas PNX is exploring around its Hayes Creek project.
PNX Metals’ German cornerstone investor and directors increase stake
The company recently received positive gold drilling results from its Fountain Head Project.
PNX Metals completes $3.46 million capital raising, drill updates to come
The company now has the required funding to drill the emerging Fountain Head targets.
PNX Metals commences follow-up diamond drilling at Banner gold discovery
The Banner, Tally Ho and Fountain Head prospects could all be the same gold system.
PNX Metals makes new discovery at Fountain Head with 6 metres at 39.5 g/t gold from 54 metres
Fountain Head, Tally Ho and now Banner prospects have the potential to host sizeable gold systems.
PNX Metals’ drilling extends high-grade gold mineralisation at Fountain Head
The new results highlight the potential to increase the company’s gold resources.
PNX Metals starts drilling at potential new ore source for the Hayes Creek Project
Drilling at Moline in 2016 and 2017 returned numerous high-grade gold and base metal intersections.
PNX Metals hits high-grade gold in drilling at Fountain Head
The company is seeking further resources to complement the Hayes Creek zinc-gold-silver development project.
PNX Metals raises $3.36 million, attracts new cornerstone investor
Funding will go towards the company's Northern Territory project portfolio.
PNX Metals hits high-grade gold at Fountain Head in NT, commences capital raising
The drilling program consisted of 31 holes for 2,610 metres along the Fountain Head anticline.
PNX Metals reveals high-grade lithium and lead-silver-gold in rock chips at Kilfoyle
The company's shares are trading 12.5% higher intra-day, at 0.9 cents.