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Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.475 0.005 (1.06%)+
Announcement
Release
22 Jul 2026 9:25AM
Price at Release
$0.470
Full Release
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Summary
Pilbara Gold Limited (PGL) has reported significant progress in extending gold mineralisation at its Mt York Gold Project, located in Western Australia's Pilbara region. The company has completed 12,139 meters of a planned 50,000-meter drilling program, with results indicating the presence of gold below the current pit shell at Main Hill and Gossan Hill. Notably, drill hole 26MYDD022 revealed 94 meters of continuous mineralisation, suggesting that gold extends deeper than previously modeled. This drilling activity aims to expand resource estimates in preparation for a Prefeasibility Study (PFS). PGL plans to continue the drilling program and expects to update the Mt York Mineral Resource estimate by late 2026.
Key Points
  • Five rigs on site at Mt York, sixth arriving soon
  • 12,139m of drilling completed in 50,000m program
  • Significant intercepts at Main Hill and Gossan Hill
  • Drill hole 26MYDD022: 94m at 0.88g/t Au
  • Gold mineralisation remains open at depth
  • Mt York Mineral Resource Estimate update expected late 2026
  • Ongoing work for PFS including metallurgical and geotechnical studies
  • Current resources estimated with A$5,500/oz gold price and 0.4 g/t Au cutoff
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.