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Family office provides funding solution for PNX's gold development in NT

GENERALIST family office Halifax Capital has further boosted its leverage to the gold boom, agreeing in principle to provide up to A$40 million in funding for development of PNX Metals' Fountain Head project in the Pine Creek region of Northern Territory.

Michael Quinn
PNX in action, Pine Creek, NT

PNX in action, Pine Creek, NT

  The $40 million will be used to build a CIL plant rather than the heap leaching planned previously by PNX. In return, Halifax, through subsidiary Bridge Creek Mining, will get a 50% stake in the...

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