Earlier in the month the company received initial assays from two holes grading up to 23.7 g/t gold at the Moline exploration project located in the Pine Creek region of the Northern Territory.
In November, across at the Hayes Creek gold-silver-zinc project, PNX intersected two zones of massive sulphide mineralisation.
The halt will remain in place until the opening of trade on Monday 12th December 2016, or earlier if an announcement is made to the market.