Pacgold produces maiden gold doré bar at White Dam project

Pacgold has reported the archetypal golden determination and accumulation of its maiden golden doré barroom from the White Dam Gold task successful South Australia.

The archetypal golden doré bar, weighing astir 3kg and estimated astatine 80oz of gold, has been sent to Perth Mint Refinery for last refining and sale.

The anticipated gross from this merchantability volition people Pacgold’s modulation from an exploration institution to a producer, supporting further on-site maturation activities. The White Dam Gold task is situated 80km eastbound of Broken Hill successful Olary Province.

Pacgold is concentrating connected golden accumulation from antecedently unprocessed material, aiming to ramp up re-crushing and leaching to 90,000t monthly.

Most works refurbishments are finished, but for 1 last CIC file needed to afloat reconstruct the circuit's capacity.

Design enactment continues for the projected pad expansion, handled by the North American steadfast Newfields engineers. The institution plans to implicit this by precocious July, aft which it volition proceed to tender operation and liner installation.

Drilling astatine the Vertigo deposit is complete, with assay results expected shortly.

Once received, a broad assets and excavation plan update volition enactment the planned afloat accumulation enlargement successful 2027.

Meanwhile, RC drilling is connected clasp portion awaiting approvals for drilling astatine White Dam North and securing unchangeable diesel proviso and pricing.

The institution initiated heap leach golden accumulation astatine the White Dam task successful January this year.

Pacgold said that its absorption remains connected boosting accumulation and currency travel from the existing pad.

Pacgold managing manager Matthew Boyes said: “The archetypal golden determination of galore to travel astatine White Dam is simply a transformative infinitesimal for Pacgold. Delivering our maiden golden doré barroom conscionable 5 months aft acquisition is simply a testament to the dedication of our operations squad and the ratio of our Phase 1 restart strategy.

“This milestone marks our authoritative modulation from explorer to producer. More importantly, this currency travel from the merchantability of the archetypal Dore’ provides america with our archetypal non-dilutive superior since the institution IPO, which greatly helps to de-risk the task and gives assurance successful backing our ongoing maturation initiatives.”

The institution besides revealed that licence applications for drilling person been submitted for respective exploration sites. These see Mary Mine, White Dam North, Green and Gold, Wilkins, and Wadnaminga, positioning Pacgold with aggregate drill-ready opportunities erstwhile approvals are obtained.

As of aboriginal April, astir 40,000t of re-crushed ore are nether irrigation astatine White Dam, with an further 75,000 to 80,000t acceptable for leaching erstwhile irrigation lines are acceptable up.