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Pacgold Limited (ASX:PGO)

ALERT: Price-sensitive ASX Announcement for PGO
Current share price for PGO : $0.155 0.04 (34.78%)+
Announcement
Release
28 May 2026 8:17AM
Price at Release
$0.115
Full Release
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Summary
Pacgold Limited has announced the recommencement of drilling at the Vertigo deposit within their White Dam Gold Project in South Australia. This initiative is part of a three-phase growth strategy aimed at fully restarting production. The company has started the irrigation of approximately 100,000 tonnes of re-crushed material on the existing heap leach pad, targeting early cash flow. The drilling program consists of 3,000 meters of reverse circulation drilling to explore potential resource expansions. The company also plans to conduct further drilling at the White Dam North and Rolling areas, pending permit approvals. Pacgold aims to leverage these developments to accelerate its transition to full-scale production and enhance its revenue generation.
Key Points
  • Recommencement of drilling at Vertigo deposit.
  • Part of a low-risk three-phase growth strategy.
  • Irrigation of 100,000 tonnes of re-crushed material underway.
  • 3,000 meters of reverse circulation drilling planned.
  • Additional drilling planned at White Dam North and Rolling with permits received.
  • Entech contracted for Mineral Resource Estimate update.
  • Heap leach pad expansion design 50% completed.
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.