PNX Metals Limited (ASX:PNX) (?PNX? ?the Company?) noted 15 February 2024?s ASX announcement by Kin Mining NL (ASX:KIN). PNX confirmed that it has received an unsolicited, non-binding, indicative, and incomplete proposal in relation to a potential merger from KIN (Indicative Proposal) and has subsequently engaged in preliminary discussions with KIN regarding the Indicative Proposal.

The discussions are at an early stage and remain incomplete, and there is no certainty that the Indicative Proposal or any other transaction will eventuate. PNX shareholders do not need to take any action at this time. Should a transaction eventuate, PNX will make a further announcement to the market in accordance with its continuous disclosure obligations.

To advise PNX on this matter, Taylor Collison Limited has been appointed as financial adviser, and Piper Alderman as legal advisers. This announcement has been authorised for release to the ASX by PNX's board of directors.