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PC Gold Ltd (ASX:PC2)

ALERT: Price-sensitive ASX Announcement for PC2
Current share price for PC2 : $1.030 0.07 (7.29%)+
Announcement
Release
19 Aug 2026 8:03AM
Price at Release
$0.960
Full Release
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Summary
PC Gold Ltd announced significant advancements in its Spring Hill Metallurgy Project, achieving up to 99.4% gold extraction at a coarse grind size. The project utilized six master composite samples representing different lithological domains, showing strong gravity gold recoveries of between 33.1% and 48.9%. The metallurgical testwork, overseen by Strategic Metallurgy and executed by Bureau Veritas, highlighted the potential for reduced processing costs due to a coarser grind size, which also enhances mill throughput. This announcement underscores the high quality of the site water, low reagent consumption, and the absence of cyanicides in the extraction process. The Pre-Feasibility Study (PFS) is on track for completion by mid-November 2026, setting the stage for further development of the Spring Hill Gold Project.
Key Points
  • Achieved 99.4% gold extraction at a coarse grind size.
  • Utilized six master composite samples.
  • Gravity gold recoveries ranged from 33.1% to 48.9%.
  • Testwork conducted by Bureau Veritas under Strategic Metallurgy's guidance.
  • Potential for reduced processing costs with coarser grind size.
  • High quality site water contributed to low reagent consumption.
  • Absence of cyanicides in the extraction process.
  • PFS completion expected by mid-November 2026.
  • Spring Hill Gold Project poised for further development.
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.