Pacgold Secures $13 Million to Accelerate White Dam Growth
Pacgold Limited (ASX: PGO) has secured firm commitments to raise AU$13 million through a two-tranche placement, reflecting strong backing from institutional and sophisticated investors. The capital will support the expansion of the White Dam Gold Project, advance production activities, and fund exploration following the company’s recent high-grade gold-copper discovery at White Dam North.
The proceeds will also finance resource drilling, mine optimisation, heap leach pad expansion, and broader regional exploration. Pacgold plans to undertake up to 35,000 metres of reverse circulation drilling and 5,000 metres of diamond drilling to evaluate both shallow oxide and deeper sulphide mineralisation across key prospects. Directors have also committed to participate in the placement, subject to shareholder approval.
The funding strengthens Pacgold’s strategy of increasing production while unlocking the broader exploration potential surrounding White Dam. With several operational and exploration milestones scheduled in the coming months, the company aims to build on its recent discovery and position the project for long-term growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Pacgold Secures $13 Million to Accelerate White Dam Growth
Pacgold Limited (ASX: PGO) has secured firm commitments to raise AU$13 million through a two-tranche placement, reflecting strong backing from institutional and sophisticated investors. The capital will support the expansion of the White Dam Gold Project, advance production activities, and fund exploration following the company’s recent high-grade gold-copper discovery at White Dam North.
The proceeds will also finance resource drilling, mine optimisation, heap leach pad expansion, and broader regional exploration. Pacgold plans to undertake up to 35,000 metres of reverse circulation drilling and 5,000 metres of diamond drilling to evaluate both shallow oxide and deeper sulphide mineralisation across key prospects. Directors have also committed to participate in the placement, subject to shareholder approval.
The funding strengthens Pacgold’s strategy of increasing production while unlocking the broader exploration potential surrounding White Dam. With several operational and exploration milestones scheduled in the coming months, the company aims to build on its recent discovery and position the project for long-term growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au