Short Term Trading Week Starting - 19th Jan, page-129

PNX -

EXCEPTIONALLY HIGH GRADE RESULTS AT IRON BLOW
Highlights: • Diamond drill hole IBDH023 intersected: o 50.39m @ 10.12% Zn, 2.66 g/t Au, 283 g/t Ag, 0.57% Cu, 1.39% Pb from 155.72m o Including 19.45m @ 15.48% Zn, 2.65 g/t Au, 492 g/t Ag, 0.56% Cu, 2.52% Pb from 156.5m

• Additional gold-rich zones identified outside boundaries of existing resource estimate • Drilling confirms continuity of mineralisation within the resource • The relatively shallow resource remains open at depth and to the south