Pacgold (ASX: PGO)
Announced that gold production and initial cash flow is imminent with cyanide irrigation now underway along the western wall of the heap leach pad at the recently acquired White Dam Gold Project, located in South Australia, approximately 80km west of
Broken Hill.
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Aerial view of the White Dam Project – Courtesy of Pacgold Ltd.
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| Pacgold | ASX : PGO | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | A$38.7m @A$ 9.1 | |
| Location | Queensland, Australia | |
| Website | www.pacgold.com.au/ |
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Pacgold Imminent Gold Production from The White Dam Project – Up to 250kt of ore to be under irrigation by mid-January
Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce that gold production and initial cash flow is imminent with cyanide irrigation now underway along the western wall of the heap leach pad at the recently acquired White Dam Gold Project (‘the Project’), located in South Australia, approximately 80km west of
Broken Hill.
HIGHLIGHTS
HEAP LEACH IRRIGATION UNDERWAY – Cyanide irrigation is now underway along the western wall of the heap leach pad at the White Dam Gold Project in South Australia.
NEAR TERM GOLD PRODUCTION AND CASH FLOW – Up to 250,000T of original run of mine (ROM) ore on the first lift of the existing heap leach dump has now been turned over and aerated and will be fully under irrigation by mid-January 2026, paving the way for near term gold production and initial cash flow.
EXPLORATION TEAM AND DRILL CREWS MOBILISING- The full exploration team is now mobilising back to site with development drilling at Vertigo, Hannaford and White Dam North set to recommence within the next week.
Approximately 250,000 tonnes of original run of mine (ROM) ore on the first lift of the existing heap leach dump has been turned over and will be irrigated by mid-January 2026.
heap leach irrigation will utilise the recently relined and approved Pregnant Leach Solution (PLS) pond and existing fully operational processing infrastructure
on site.
The excavator will remain onsite for the coming months and continue to focus on aeration of areas of the pad which have received less irrigation to date.
The initial leaching timeframe is expected to be approximately 5-6 weeks with ore’ to be processed and sold as soon as possible providing initial cash flow from the operation and funding for additional development and exploration activities throughout the company’s portfolio.
Results are expected to provide confidence in future recovery rates of gold remaining in pad.
Pacgold’s Managing Director, Matthew Boyes, commented:
“Commencing heap leach irrigation at White Dam is a major milestone for the Company and marks the transition from project acquisition to gold production.
“We are all very keen to see how this first batch of material reacts to aeration and being turned over.
“This exercise should be viewed as a large-scale metallurgical test work programme, results of which we anticipate will demonstrate the potential to extract significant value from the 7.5 million tonnes of existing ROM ore on the leach pad over the coming months.
“With cyanide irrigation now underway and up to 250,000 tonnes of ROM ore expected to be under leach by mid-January, we are on track for imminent gold production and the generation of initial cash flow.
“This is a significant low cost and low-risk step in unlocking near-term value from White Dam and strengthening the Company’s financial position in the current high gold price environment.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Pacgold
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