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PC Gold Ltd (ASX:PC2)

ALERT: Price-sensitive ASX Announcement for PC2
Current share price for PC2 : $1.195 -0.165 (-12.13%)+
Announcement
Release
24 Apr 2026 8:12AM
Price at Release
$1.360
Full Release
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Summary
PC Gold Ltd's quarterly activities report for the period ending 31 March 2026 highlights significant advancements at the Spring Hill project despite a challenging wet season. The company completed 6,610 meters of diamond drilling, discovering new high-grade zones including the Link Zone and a southern extension of the Main Lode. The report also notes a successful A$24M institutional placement to fund further drilling and feasibility studies. The updated Mineral Resource Estimate (MRE) is due in June 2026, with a Pre-Feasibility Study (PFS) targeted for October 2026. As of the end of the quarter, PC Gold had a strong cash position of $25.7 million, supporting ongoing project advancements.
Key Points
  • High-grade drilling success at Spring Hill.
  • 21 diamond drillholes completed totaling 6,610 meters.
  • New high-grade Link Zone discovered.
  • Successful A$24M institutional placement completed.
  • Updated MRE due in June 2026, PFS on target for October 2026.
  • Strong cash position of $25.7 million at quarter end.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.