A 7,000-metre drilling campaign is currently underway to upgrade inferred resources to the indicated category. Results are expected to underpin an updated mineral resource estimate and refine Pacgold’s production plans for 2026.
White Dam’s historical performance adds confidence to the restart strategy. During its previous mine life, the operation processed about 7.5 million tonnes of ore at an average grade of 0.94g/t gold, producing approximately 180,000 ounces from the Hannaford and Vertigo pits. The nearby White Dam North resource remains unmined.
With cyanide irrigation imminent and initial gold production firmly in sight, White Dam is shaping up as a low-cost, low-risk pathway to early cash flow.
That cash is expected to support Pacgold’s broader growth strategy, including exploration at its 854,000-ounce Alice River gold project and the company’s fast-tracked St George gold-antimony ground in Queensland.
In a strong gold price environment, Pacgold’s push for near-term production and tight capital discipline looks set to unlock early value, while laying the foundations for longer-term optionality across its broader portfolio.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
