Articles On PNX Metals (ASX:PNX)

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

PNX Metals may need to find about A$40-50 million to develop a Northern Territory gold project that will subsequently fund a gold-silver-zinc ...

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.

The headline numbers from a preliminary feasibility study on PNX’s Fountain Head gold and Hayes Creek gold-silver-zinc projects show it will be a profitable long-life operation. Emerging producer PNX Metals (ASX:PNX) has completed a prefea...

Exploration junior PNX Metals (ASX: PNX) has revealed results of a pre-feasibility study (PFS) that supports the sequential development of its wholly-owned Fountain Head gold and Hayes Creek gold-silver-zinc projects in the Northern Territo...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intrad...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

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 (ASX: PNX) has lodged the environmental impact statement for its proposed mining operation at the Fountain Head gold project in the Northern Territory in what managing director James Fox says is an “important milestone”. Mr Fox s...

Summary Frontier Resources has announced the final results from its trench sampling and mapping program. The PNX share price has climbed 12.5% to AU$0.009, after the company released its quarterly report on Friday. Carnavale Resources...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

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 has ticked off several key boxes in its Northern Territory gold development strategy in the past few weeks, most recently defining its first resource for the newly acquired Glencoe deposit.  PNX Metals (ASX:PNX) has delivered an initial...

The recent acquisition of a nearby “bolt on” gold discovery has significantly increased the global mineral resource of PNX Metals’ (ASX: PNX) flagship Fountain Head project at Pine Creek in the Northern Territory. The advanced explorer anno...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

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.

Special Report: PNX Metals (ASX: PNX) has cashed up ahead of the commencement of the 2021 exploration season in the ... Read More The post PNX gets cash top-up for big NT exploration push appeared first on Stockhead.

Major shareholder German-based Delphi increased its holding in the company to 46.97% with a series of investments during 2020.

The German-based mineral resources sector investor has lifted its stake to 46.97% following participation in PNX’s recent rights issue and placement.

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.

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.

The share price of micro-cap base and precious metals explorer PNX Metals Ltd [ASX:PNX] is up today, thanks to solid rock chip samples from its Burnside project in the Northern Territory. Like many Aussie gold stocks, PNX shares hit their h...

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.

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 is raising funds to advance its exploration and development strategy focused on gold and zinc-gold-silver projects in the Northern Territory.

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.

The company is planning to undertake a high-resolution aeromagnetic survey over the Fountain Head area to assist in locating follow-up drill holes.

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.

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.

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.

The company has made a strategic decision to target near-term gold production from Fountain Head prior to the development of Hayes Creek