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ASX:PC2

8 stories mentioning ASX:PC2Updated 4d ago

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Asia

PC Gold Reports Nearly AU$22 Million in Cash at June Quarter End

PC Gold (ASX:PC2) held cash of AU$21.7 million at the end of the June quarter, according to a Wednesday Australian bourse filing.The company said it completed 8,653 meters of diamond drilling at its Spring Hill Gold Project in Australia's Northern Territory over the quarter, expanding the Link Zone prospect, with its mineral resource estimate lifted 84% to 43.6 million tonnes at 1.1 grams per tonne (g/t) gold for 1.5 million ounces at a 0.5 g/t cut-off.The company's shares rose almost 2% in recent Wednesday trade.

ASX:PC2
Asia

PC Gold Reports 84% Increase in Spring Hill Mineral Resource to 1.51 Million Ounces

PC Gold (ASX:PC2) reported an updated mineral resource estimate (MRE) for its Spring Hill gold project in the Northern Territory, with the global mineral resource up 84% to 43.6 million tonnes at 1.1 grams per tonne grade of gold for 1.51 million ounces at a cut-off grade of 0.5 g/t gold, according to a Tuesday Australian bourse filing.The company said the indicated component of the resource increased 136% to 28.8 million tonnes at 1.1 g/t gold for 1 million ounces at a cut-off grade of 0.5 g/t gold, with the pre-feasibility study (PFS) on track for delivery in late fourth quarter of the year.

ASX:PC2
Asia

PC Gold Completes AU$770,000 Territory Iron Camp Acquisition

PC Gold (ASX:PC2) completed the AU$770,000 acquisition of the former Territory Iron camp near Pine Creek, securing a fully serviced workforce accommodation and operations base located near its Spring Hill Gold Project in the Northern Territory, according to an Australian bourse filing on Thursday after market hours.The acquisition was funded with AU$475,000 in cash and AU$295,000 in shares, with 274,419 new shares issued to the vendor at AU$1.075 per share, per the filing.The camp features 16 accommodation blocks with a total of 64 rooms, along with office and storage facilities and connections to mains power, water, and sewerage.The company also plans to refurbish the facility in the second half and has also approved the issuance of 500,000 performance rights to employees under its incentive plan to align remuneration with company growth and key project milestones, the filing said.The company said the acquisition is expected to shorten development timelines, lower development costs, and strengthen its exploration and project development efforts, the filing added.

ASX:PC2
Asia

PC Gold Intersects High-Grade Gold Mineralization in Northern Territory Project; Shares Up 6%

PC Gold (ASX:PC2) intersected high-grade gold mineralization during recent drilling at the Link Zone and Macau footwall lode of its Spring Hill gold project in Australia's Northern Territory, according to a Tuesday Australian bourse filing.The results were up to 9.5 meters at 3.04 grams per tonne gold from 189.6 meters and 22 meters at 2.60 g/t gold from 164 meters.The newly reported results are not included in the mineral resource estimate currently being finalized, confirming additional resource growth potential beyond the upcoming update, the filing added.The company said it has entered into a conditional share purchase agreement to acquire 100% of Terracore Gold for AU$450,000 through the issue of PC Gold shares at AU$1.28 apiece, the filing added.The acquisition of the adjoining exploration licence increases PC Gold's landholding by about 68 square kilometers, securing highly prospective tenure along strike and immediately east of the Spring Hill gold project, it added.The company's shares rose 6% in recent Tuesday trade

ASX:PC2
Asia

PC Gold Acquires Accommodation Camp to Support Northern Territory Gold Project, Shares Fall 6%

PC Gold (ASX:PC2) acquired the former Territory Iron accommodation camp located in Pine Creek, Northern Territory, about 30 minutes by road from its Spring Hill gold project, for AU$770,000 plus goods and services tax, according to a Thursday Australian bourse filing.The company said the existing camp infrastructure includes 16 accommodation blocks comprising 64 rooms, office facilities, storage infrastructure, and connection to power, water, and sewerage.Once refurbished, the camp will provide operational capacity to support project activities in the Pine Creek region, with space for additional rooms to support proposed mining activities at Spring Hill, delivering significant time and cost advantages compared with constructing a new facility, it added.The company's shares fell 6% in recent Thursday trade.

ASX:PC2
Asia

PC Gold Confirms Resource Growth Potential of Northern Territory Project

PC Gold (ASX:PC2) confirmed the resource growth potential of the Spring Hill project in the Northern Territory following results from ongoing drilling, according to a Thursday filing with the Australian bourse.Results for five holes were reported, with extensive visible gold observed in two additional Link Zone holes, with assays pending, the filing said.Drilling also found a mineralized lode in the footwall of the Macau Lode in two drill holes, per the filing.Shares rose 2% in morning trade on Thursday.

ASX:PC2
Asia

PC Gold Intersects High-Grade Gold Mineralization in Northern Territory Project, Shares Down 4%

PC Gold (ASX:PC2) intersected high-grade gold mineralization during a recent drilling at the Main Zone South deposit of its Spring Hill gold project in Australia's Northern Territory, according to a Monday Australian bourse filing.The results were of up to 10 meters at 4.51 grams per tonne grade of gold from 161 meters, 11.5 meters at 1.12g/t gold from 227.5 meters, and four meters at 2.3g/t gold from 245 meters.The company said high-grade mineralization continues to extend beyond the current resource in the Main Zone, with mineralization intersected within the existing pit optimization shell in areas previously classified as waste material in the pit wall.The company added that a third rig has been mobilized to increase drilling capacity within the mineral resource estimate area and recent discoveries, with an RC rig due in mid to late May and a bulk fuel supply secured, it added.The company's shares fell 4% in recent Monday trade.

ASX:PC2
Asia

PC Gold to Conduct Reverse Circulation Drilling at Northern Territory Gold Project to Further Define Mineralization

PC Gold (ASX:PC2) is set to conduct a 10,000-meter reverse circulation drilling program at the Eastern lode at the Spring Hill project in the Northern Territory to further define high-grade mineralization, according to a Friday Australian bourse filing.Additional drilling required to define the high-grade Link zone was completed and will be incorporated into the updated mineral resource estimate.Planning and approvals for underground drilling from the eastern adit will continue in the June quarter, per the filing.Follow-up reverse circulation and diamond drilling is planned at the Northern exploration targets for the 2026 dry season to test historical results from 24 holes drilled by Ross Mining and Billiton.Its shares fell 1% in recent trading on Friday.

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