Fountain Head Exploration
Fountain Head Gold Project
Development Steps to gold Production in <1 year
Mining and Infrastructure
✓
Open-pit mining optimisation and pit designs completed
Staged approach to ore deliveries, water and tails management
Existing Infrastructure to minimise footprint, utilises existing waste dump, water storage dams etc
Process design and metallurgical test work
✓ Feasibility level technical studies to inform the proposed milling and CIL process route (PFS June 2021)
✓ Design criteria established for crushing, gold leaching and recovery based on preliminary data
✓ Usage of 2nd hand equipment under consideration
✓ Finalising construction agreement with Como Engineers Q4 2021
➤ Construction from Q2 2022 (upon receipt of approvals and financing)
Approvals
✓ Project Notice of Intent submitted to NT Environmental Protection Authority in Dec 2019
✓ Mine Management Plan for dewatering approved
✓
EIS submission Q2 2021 - Public consultation period ended August 2021, minimal additional
supplementary work required, final submission Nov 21
EIS and Mine Management Plan approvals from end Q1 2022
Production
➤ Target first gold production from Q4 2022
PNX
METAL S
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