What's Happening?
Pacgold is advancing its White Dam Gold Project in South Australia, focusing on upgrading the resource estimate through ongoing drilling. The company has completed 85% of its drilling campaign, with significant gold and copper intercepts reported. Pacgold is also
conducting metallurgical testing and grade estimation to optimize its mining operations and reduce early working capital requirements.
Why It's Important?
The White Dam project is a key asset for Pacgold, offering potential for increased gold production and resource expansion. By advancing the project, Pacgold aims to enhance its operational efficiency and financial performance. The company's focus on optimizing resource models and pit operations reflects a strategic approach to maximizing value from its existing assets.
What's Next?
Pacgold plans to complete its drilling campaign and finalize new resource models and pit optimization studies by early Q3 2026. The company will then proceed with permit submissions to expand its mining operations. Stakeholders will be watching Pacgold's progress closely, as successful resource upgrades could significantly impact the company's growth trajectory and market position.
