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Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.475 -0.01 (-2.06%)+
Announcement
Release
20 Jul 2026 9:18AM
Price at Release
$0.485
Full Release
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Summary
Pilbara Gold Limited reported its quarterly activities with a focus on extensive drilling programs at both the Mt York and Roe Hills projects. The company's cash balance was strong at $27.6 million, despite significant expenditures on exploration. A 50,000m drilling campaign is underway at Mt York to increase resources, with a Pre-Feasibility Study in progress. At Roe Hills, drilling has begun to explore the Terra and Caliburn Prospects. The company's cash flow from operations was negative due to exploration costs, but financing activities provided a positive cash flow, bolstered by proceeds from equity securities and options.
Key Points
  • Pilbara Gold's cash balance at the end of the quarter was $27.6 million.
  • The company spent $3.3 million on drilling activities this quarter.
  • Pilbara Gold is conducting a 50,000m drilling program at Mt York aiming to expand the mineral resources.
  • The Pre-Feasibility Study for Mt York is progressing with expected completion in Q2 CY2027.
  • Roe Hills Project drilling has commenced, targeting the Terra and Caliburn Prospects.
  • Cash flows from operating activities were negative due to exploration and administrative costs.
  • Net cash from investing activities was negative primarily due to expenditure on exploration and evaluation.
  • Financing activities resulted in positive cash flow through equity securities and exercise of options.
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.