InvestSMART

PC Gold Ltd (ASX:PC2)

ALERT: Price-sensitive ASX Announcement for PC2
Current share price for PC2 : $1.135 0.91 (404.44%)+
Announcement
Release
3 Nov 2025 8:22AM
Price at Release
$0.225
Full Release
download
Summary
PC Gold Limited is actively advancing its Spring Hill Gold Project in Northern Territory, Australia, following a successful IPO. The project involves both infill drilling and aggressive exploration to boost the existing Mineral Resource Estimate (MRE). High-grade gold intersections have been identified in the Lasagne and Macau Extension Targets, suggesting potential for expansion. The project is well-positioned for open-pit mining with environmental approvals and mining leases in place. PC Gold's dual-stream strategy aims to enhance resource confidence and explore new zones for future updates. Three drill rigs are operational, targeting promising extensions such as the Eastern Lode.
Key Points
  • PC Gold Limited is advancing its Spring Hill Gold Project in Northern Territory, Australia.
  • The company has completed a successful IPO on the Australian Securities Exchange.
  • Three drill rigs are actively exploring the Spring Hill site.
  • New high-grade gold intersections have been identified in the Lasagne and Macau Extension Targets.
  • The Eastern Lode has potential for expansion with high-grade intersections noted.
  • PC Gold's strategy involves both infill drilling and aggressive exploration to enhance the resource estimate.
  • Environmental approvals are in place for open-pit mining.
  • The Spring Hill project is hosted in a virgin gold system with existing mining leases.
  • A dual-stream strategy is utilized: infill drilling for resource confidence and extensional exploration.
  • Potential new bulk-tonnage zones have been identified for future MRE updates.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.