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Pacgold Limited (ASX:PGO)

ALERT: Price-sensitive ASX Announcement for PGO
Current share price for PGO : $0.105 -0.015 (-12.50%)+
Announcement
Release
25 Jun 2026 8:15AM
Price at Release
$0.120
Full Release
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Summary
Pacgold Limited announced the successful completion of its second gold pour from the White Dam Project, producing a 97 oz gold doré bar. The company is advancing its re-crushing strategy with significant progress in material irrigation and expects high-grade leachate to soon be processed. A recent drilling program at Vertigo, aimed at resource expansion and quick restart of operations, has completed 700m at White Dam North. Additionally, Pacgold is evaluating an early restart of the Vertigo pit to access fresh oxide ore, with plans to expand its heap leach pad by late July and commence construction in Q4 2026. The company remains focused on generating near-term revenue and cash flow from its operations in South Australia.
Key Points
  • Pacgold Limited completed its second gold pour from the White Dam Project, producing a 97 oz gold doré bar.
  • The company is progressing well with re-crushing operations, with 120,000T of material under irrigation and more planned.
  • High-grade leachate has been confirmed at the base of the re-crush material, though it hasn't yet been processed.
  • A drilling program at Vertigo has been completed, aiming to expand resources and fast-track mining operations.
  • Pacgold is considering an early restart of the Vertigo pit to access fresh oxide ore earlier than planned.
  • Heap leach pad expansion is on track, with construction set to begin in Q4 2026.
  • The company is focused on generating near-term revenue from its White Dam Gold Operation.
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.