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Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.475 -0.325 (-40.63%)+
Announcement
Release
29 Apr 2026 8:56AM
Price at Release
$0.800
Full Release
download
Summary
Pilbara Gold Limited reported a 50% increase in the resource estimate for its Mt York Gold Project in Western Australia, now totaling 2.08 million ounces of gold. This growth resulted from a 27,000-meter drilling campaign completed in 2025 at a discovery cost of $13.40 per ounce. The company is conducting a 50,000-meter drill program in 2026 aimed at further resource extension, infill, and exploration. A mining lease for the Mt York project was granted, marking a significant milestone for its development. Pilbara Gold also completed a name change from Kairos Minerals Ltd and a share consolidation. The company's cash balance stood at $30.5 million at the end of the quarter, supporting ongoing drilling and feasibility studies.
Key Points
  • Resource estimate for Mt York Gold Project increased by 50%.
  • New resource total is 2.08 million ounces of gold.
  • Drilling program of 27,000 meters completed in 2025.
  • Discovery cost was $13.40 per ounce.
  • 50,000-meter drill program underway in 2026.
  • Mining lease granted for Mt York project.
  • Company name changed from Kairos Minerals Ltd to Pilbara Gold Limited.
  • Share consolidation completed.
  • Cash balance of $30.5 million at quarter-end.
  • Focus on resource extension, infill, and exploration.
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.