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Pacgold Limited ( (AU:PGO) ) has provided an announcement.
Pacgold Limited has appointed Mike Nelson as Consulting Project Director to lead the recommencement of gold production at the White Dam Gold Operation in South Australia. Nelson’s extensive experience in mineral processing and project leadership is expected to be instrumental in achieving Pacgold’s growth strategy and transitioning the company into a gold producer. This strategic move follows a successful capital raise, positioning Pacgold to restart production without further shareholder dilution, potentially marking a significant milestone in the gold market.
More about Pacgold Limited
Pacgold Limited (ASX: PGO) is an ASX-listed exploration and development company focused on large-scale gold and antimony discoveries in Australia. The company holds a portfolio of high-potential projects, including the Alice River Gold Project in Queensland and the St George Gold-Antimony Project. Pacgold aims to transition to a producer through the acquisition of the White Dam Gold Operation in South Australia, which includes established mines and a gold extraction plant.
Average Trading Volume: 1,332,831
Technical Sentiment Signal: Hold
Current Market Cap: A$23.19M
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