The board of PNX Metals Limited announced that it has appointed Graham Ascough as Executive Chairman, as James Fox the current Managing Director has made the decision to transition to a part-time role to pursue other business opportunities. Mr. Fox is to remain on the board as technical Director to ensure an orderly transition and to provide ongoing leadership and strategic support to the PNX team. As Executive Chairman, Mr. Ascough will focus on providing strategic support for the exploration and development programs within PNX's 1,500km Pine Creek tenure which includes the recently discovered C6 high-grade gold prospect, Thunderball uranium deposit and associated uranium rights 1, and the advanced Hayes Creek zinc-gold- silver and Fountain Head gold projects.