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PC Gold Ltd (ASX:PC2)

ALERT: Price-sensitive ASX Announcement for PC2
Current share price for PC2 : $1.265 0.24 (23.41%)+
Announcement
Release
11 Jun 2026 8:21AM
Price at Release
$1.025
Full Release
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Summary
PC Gold Ltd has acquired existing camp infrastructure from Territory Iron to support its Spring Hill Gold Project. This facility, located near Pine Creek, Northern Territory, offers accommodation and support infrastructure, including utilities, office facilities, and storage. The acquisition, valued at A$770,000 plus GST, is expected to expedite development and reduce costs by avoiding the need for new construction. The camp will undergo refurbishment to align with safety standards and will provide accommodation for personnel involved in the Spring Hill project, which is advancing towards production with established mining leases and environmental approvals.
Key Points
  • PC Gold Ltd has acquired the former Territory Iron accommodation camp located in Pine Creek, Northern Territory.
  • The camp is approximately 30 minutes by road from the Spring Hill Gold Project.
  • The infrastructure includes 16 accommodation blocks with 64 rooms, office facilities, storage, and utility connections.
  • The acquisition cost is A$770,000 plus GST, comprising cash and PC Gold Ltd shares.
  • The acquisition is expected to reduce development time and costs compared to building new facilities.
  • The camp will support exploration and development activities at Spring Hill.
  • Refurbishment is planned to meet industry safety and operational standards.
  • The Spring Hill Gold Project is positioned to move swiftly through development with existing mining leases and approvals.
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.