White Dam, parked just 80 kilometres west of the famed Broken Hill mining town, has a storied history as a proven heap-leach setup. From 2010 to 2018, it pulled out some 180,000 ounces of gold before closure, with the site still packing a 4.6-million-tonne resource grading 0.7 grams per tonne (g/t) gold for 102,000 ounces of the precious metal. That resource doesn’t include the residual metal in the existing pads that are primed for re-treatment.
The company says the camp expansion is also underway, with three extra accommodation units slotting in to bolster the crew as operations ramp up.
Pacgold says the restart is leaning on existing gear, with only a modest $600,000 outlay required to unlock quick cash at the project.
The company’s timing could not be sharper, with a white hot gold market on the hoof again, currently trading at almost A$6600 per ounce and seemingly on its way to testing new highs.
Cash from the South Australian production play is set to feed Pacgold’s exploration push at its 854,000-ounce Alice River gold project and the company’s recently fast-tracked St George gold-antimony ground, both in Queensland.
Recent rock chips at St George peaked as high as 52.7 per cent antimony and 10.2g/t gold, prompting a maiden drilling program on the prospect, now underway.
With irrigation firing up and the drill rods turning, White Dam is eying first gold pours for the new year, setting up cash to fuel exploration across the board.
As 2026 dawns, Pacgold stands ready for fully funded fresh discoveries in both states, with the company currently in trading halt ahead of anticipated exploration results from its St George gold-antimony project.
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