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Pacgold Limited (ASX:PGO)

ALERT: Price-sensitive ASX Announcement for PGO
Current share price for PGO : $0.155 0.065 (72.22%)+
Announcement
Release
7 Jan 2026 8:22AM
Price at Release
$0.090
Full Release
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Summary
Pacgold Limited has commenced cyanide heap leach irrigation at the White Dam Gold Project in South Australia, with up to 250,000 tonnes of ore expected to be under leach by mid-January 2026. This marks a significant milestone towards imminent gold production and initial cash flow generation. The project will use existing infrastructure, and the initial leaching process is anticipated to last 5-6 weeks. An exploration team is being mobilized for drilling at nearby sites, and the operation is viewed as a large-scale metallurgical test to demonstrate potential value extraction from the extensive ore on the leach pad.
Key Points
  • Pacgold Limited announced commencement of heap leach irrigation at White Dam.
  • 250,000 tonnes of ore to be under irrigation by mid-January 2026.
  • Initial gold production and cash flow expected in the near term.
  • Full exploration team mobilising for drilling at Vertigo, Hannaford, and White Dam North.
  • The operation will utilise existing processing infrastructure and a recently relined Pregnant Leach Solution pond.
  • Initial leaching timeframe is expected to be 5-6 weeks.
  • The project includes a large-scale metallurgical test work programme.
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.