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PNX Metals sees significant opportunities to grow its Fountain Head and Hayes Creek projects

PNX Metals Ltd's (ASX:PNX) James Fox tells Proactive's Andrew Scott they've allowed the exclusivity period relating to a proposed joint venture for the funding of infrastructure and production sharing for its Fountain Head Gold deposit to lapse. There's been a significant improvement in the Fountain Head and Hayes Creek Projects economics during the period of JV negotiations, particularly relating to silver and zinc prices, with forecasts for metal prices remaining strong. PNX is also progressing evaluation of additional gold prospects that may have the potential to augment overall project returns.

Quick facts: PNX Metals Ltd

Price: 0.008 AUD

ASX:PNX
Market: ASX
Market Cap: $20.34 m
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