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Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.510 0.005 (0.99%)+
Announcement
Release
10 Aug 2026 8:46AM
Price at Release
$0.505
Full Release
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Summary
Pilbara Gold Limited (PGL) has finalized all conditions of the Mineral Rights Agreement with PLS Group Limited, securing ownership of mineral rights (excluding lithium and tantalum) over 367 square kilometers at the Mt York Gold Project. This agreement enables PGL to explore for gold and base metals in the area. With ongoing drilling, PGL has already extended gold mineralization by 1,500 meters and plans further exploration through an airborne electro-magnetic survey. The agreement strengthens PGL's expansion plans, aiming to increase gold resources beyond the current 2.1Moz estimate.
Key Points
  • Pilbara Gold Limited (PGL) has completed all conditions precedent in the Mineral Rights Agreement (MRA) with PLS Group Limited at the Mt York Gold Project.
  • PGL now owns mineral rights (excluding lithium and tantalum) to 367 square kilometers of prospective terrain at Mt York.
  • The MRA allows PGL to explore the three PLS exploration licences and one application for gold and base metals.
  • PGL's ongoing drilling program has extended gold mineralization at the Mt York Gold Deposit by 1,500 meters.
  • PGL plans to conduct a large airborne electro-magnetic survey over Greater Mt York to identify new targets.
  • The MRA is crucial for expanding PGL's 2.1Moz Mt York Gold Project.
  • PGL aims to increase the gold resources beyond the current 2.1Moz with further drilling.
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.