ASX:PGO

4 stories mentioning ASX:PGOUpdated 16d ago

Every FINWIRES story that references ASX:PGO, newest first.

Pacgold Drilling Identifies 'Significant Shallow Extensions' at South Australia Gold Deposit; Shares Gain 5%

Pacgold (ASX:PGO) said drilling at the White Dam gold operation in South Australia identified "significant shallow extensions" to the Vertigo deposit, according to a Tuesday filing with the Australian bourse.Assay results from infill and extension drilling include 13 meters at 1.3 grams per tonne grade of gold from 14 meters; 17 meters at 0.9 g/t gold from six meters; nine meters at 1.3 g/t gold from three meters; seven meters at 0.9 g/t gold from four meters; and 13 meters at 1 g/t gold from five meters, among other intercepts.The company said it is fast-tracking mine designs, cash flow modelling, and permitting "to get Vertigo back into production as soon as practicable." It added that a mineral resource estimate is in progress for delivery early in the September quarter.Pacgold shares gained 5% in recent Tuesday trade.

ASX:PGO

Asia42d ago

Pacgold Completes Second Pour of Gold Doré for South Australia Project; Shares Fall 4%

Pacgold (ASX:PGO) completed the second pour of gold doré for the White Dam gold project in South Australia, according to a Thursday Australian bourse filing.The company delivered a gold doré bar weighing 97 ounces, per the filing. Meanwhile, a further 20,000 tonnes of material from the existing heap leach pad has been re-crushed for irrigation to date.Pacgold is also evaluating a potential early restart of the Vertigo pit.The company's shares fell past 4% in recent trading on Thursday.

ASX:PGO

Wire45d ago

Pacgold Says Non-Executive Chair Resigns

Pacgold (ASX:PGO) said Caoilin Chestnutt has resigned as its non-executive chair, effective June 19, according to a Monday Australian bourse filing.Richard Hacker was appointed as Chestnutt's successor, per the filing.The company's shares fell 2% in recent trading on Monday.

ASX:PGO

Asia64d ago

Pacgold to Demerge North Queensland Projects to Manda Resources, Shares Up 10%

Pacgold (ASX:PGO) entered into a binding agreement to demerge the Alice River gold project and St George gold-antimony projects, both in North Queensland, into Manda Resources, an entity backed by its major shareholder, Emerald Resources (ASX:EMR), according to a Wednesday Australian bourse filing.Subject to Pacgold shareholder approval, eligible Pacgold shareholders will receive an in-specie distribution of one Manda share for every 6.76 Pacgold shares held, representing 64 million shares in Manda at a deemed issue price of AU$0.25.Manda is expected to raise AU$9 million after a pre-initial public offering (IPO) seed capital raising round. It will then seek to acquire a public unlisted company, Territory Minerals, securing ownership of the Tregoora, Northcote, Atric, and Reedy gold projects, also in North Queensland.Manda received in-principle advice from the ASX that its structure and operations are suitable for a listing and it plans to conduct an IPO late in the year. It expects to raise a minimum of AU$21 million, before costs, subject to market conditions. Manda will seek to offer Pacgold shareholders a priority allocation of AU$2 million within the IPO.Emerald expects to cornerstone the IPO raising and intends to hold around a 19.9% stake in Manda after the IPO.Its shares jumped 10% in recent trading on Wednesday.

ASX:EMRASX:PGO

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