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An announcement from Pacgold Limited ( (AU:PGO) ) is now available.
Pacgold Limited has issued 10 million fully paid ordinary shares to Hardrock Mineral Exploration Pty Ltd as part of a Farm-In Agreement and Joint Venture. This move, executed without investor disclosure under the Corporations Act, signals strategic growth efforts. Additionally, Pacgold is in preliminary discussions for acquiring a brownfields gold project in Queensland, though the terms remain uncertain. These developments could potentially enhance Pacgold’s operational capacity and market position in the gold exploration sector.
More about Pacgold Limited
Pacgold Limited is an ASX-listed minerals exploration company focused on the Alice River Gold Project in Northeast Queensland’s Mineral Province. This region is known for its gold-rich deposits, including notable sites like Pajingo and Mt Leyshon. The project spans 377 square kilometers, featuring 30 kilometers of prospective gold targets within a large intrusion-related gold system, akin to the Fort Knox deposit in the USA and the Hemi deposit in Western Australia.
Average Trading Volume: 442,939
Technical Sentiment Signal: Sell
Current Market Cap: A$14.03M
For detailed information about PGO stock, go to TipRanks’ Stock Analysis page.