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41.42
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103.05
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Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
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Hang Seng
17,679.55
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40,415.44
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39,799.54
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8,198.78
(0.53%)
USD/AUD
0.6690
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Iron Ore
103.05
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Hang Seng
17,679.55
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40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
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USD/AUD
0.6690
(-0.32%)
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67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
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41.42
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Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
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40,415.44
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Nikkei 225
39,799.54
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8,198.78
(0.53%)
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2,404.30
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103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
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40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
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8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
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2,404.30
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41.42
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Iron Ore
103.05
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17,679.55
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40,415.44
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39,799.54
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8,198.78
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67,675.89
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Oil
79.95
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2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
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Bitcoin
67,675.89
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Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
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Iron Ore
103.05
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17,679.55
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40,415.44
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39,799.54
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USD/AUD
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67,675.89
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79.95
(0.21%)
Gold
2,404.30
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41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)
Hang Seng
17,679.55
(0.25%)
Dow Jones
40,415.44
(0.32%)
Nikkei 225
39,799.54
(0.51%)
FTSE 100
8,198.78
(0.53%)
USD/AUD
0.6690
(-0.32%)
Bitcoin
67,675.89
(-1.09%)
Oil
79.95
(0.21%)
Gold
2,404.30
(0.4%)
Lithium
41.42
(1.37%)
Iron Ore
103.05
(-0.42%)

PNX Metals (ASX: $PNX) responds to kin mining nl

PNX Metals' Response to Kin Mining NL's Proposal


PNX Metals Limited (ASX: $PNX) has responded to Kin Mining NL's (ASX: $KIN) announcement regarding an unsolicited, non-binding, indicative, and incomplete proposal for a potential merger. PNX has engaged in preliminary discussions with KIN regarding the Indicative Proposal. The discussions are at an early stage and remain incomplete, and there is no certainty that the Indicative Proposal or any other transaction will eventuate. PNX shareholders are advised not to take any action at this time. Taylor Collison has been appointed as financial adviser, and Piper Alderman as legal advisers to advise PNX on this matter.

Executive Commentary on the Indicative Proposal


The Company confirms that it has received an unsolicited, non-binding, indicative, and incomplete proposal in relation to a potential merger from KIN and has engaged in preliminary discussions with KIN regarding the Indicative Proposal. The discussions are at an early stage and remain incomplete, and there is no certainty that the Indicative Proposal or any other transaction will eventuate. PNX shareholders do not need to take any action at this time. Should a transaction eventuate, PNX will make a further announcement to the market in accordance with its continuous disclosure obligations. To advise PNX on this matter, Taylor Collison has been appointed as financial adviser, and Piper Alderman as legal advisers.

Summary of PNX Metals' Response and Outlook


PNX Metals Limited (ASX: $PNX) has responded to an unsolicited, non-binding, indicative, and incomplete proposal for a potential merger from Kin Mining NL (ASX: $KIN). The discussions are at an early stage and remain incomplete, and there is no certainty that the Indicative Proposal or any other transaction will eventuate. PNX shareholders are advised not to take any action at this time. Taylor Collison has been appointed as financial adviser, and Piper Alderman as legal advisers to advise PNX on this matter. PNX will make a further announcement to the market in accordance with its continuous disclosure obligations if a transaction eventuates. The Company holds significant mineral resources at its 100% owned Hayes Creek zinc-gold-silver, and Fountain Head gold projects, both located in the Pine Creek region of the Northern Territory. PNX's Pine Creek tenure, including the Thunderball Uranium deposit, has recently had the Uranium rights returned. The Company has been progressing development studies at its Fountain Head gold project and received Environmental approvals in 2023, with mining approvals expected to be granted imminently. Recent regional exploration has also been successful and uncovered high-grade gold at surface at multiple targets, with the potential to host economically significant gold mineralisation within prospective kilometre-scale gold corridors across its Northern Burnside exploration Leases. PNX Metals Limited continues to focus on its corporate strategy and will provide further updates as the situation develops.

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