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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.
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.
Fountain Head and Hayes Creek both relatively modest development scenarios
