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...

“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

The company is now finalising the EIS and incorporating updates related to the proposed carbon-in-leach process route, and tailings and water management.

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.

Special Report: PNX Metals’ plans to move into gold production in the Northern Territory have received a major boost with the offer of up to $40 million in funding to develop its Fountain Head project as a central processing hub in the Pine...

The proposed investment will cover the anticipated capital required for development of gold processing infrastructure and related costs necessary to fast-track the project.

The Fountain Head and Tally Ho mineral resources are adjacent to each other on granted mineral leases 100%-owned by PNX.

An updated mineral resource estimate for Fountain Head is due shortly, which will inform pit optimisations and proposed mining schedules.

The company gave notice to PNX Metals Limited on April 11 that it had completed stage 2 of the farm-in and moved to a 90% position.

Remaining drill assays are pending with an updated mineral resource due in May 2020.

The company has funding in place to advance feasibility studies for the Fountain Head Gold Project.

The company will use the funds raised to advance feasibility studies and approvals for a heap leach operation.

Special Report:Raising capital at a premium to your share price would appear nigh on impossible in this market, but that is exactly what PNX Metals (ASX: PNX) has done with the help of German cornerstone investor Delphi. PNX, which is curre...

The Ladder-Vein West sits between the Fountain Head and Tally Ho lodes and could support early mining and an increase in gold resources.

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.

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.

Ausmex Mining has gained 60 per cent control of PNX Metals Burra tenements in South Australia, while drilling work has also been suspended due to fire bans in the area. The company had undertaken drilling ending on December 17 2019 at the P...

Medea Natural Resources will assist with negotiating, structuring and arranging financing for the NT project.

Special Report: PNX Metals has indicated it could be producing gold from its Hayes Creek Project in the Northern Territory in just over 12 months as it swings focus onto proving up a heap leach operation based around the Fountain Head depos...