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An announcement from Pacgold Limited ( (AU:PGO) ) is now available.
Pacgold Limited has issued 237,718 fully paid ordinary shares to an external consultant as consideration for services, without disclosure to investors under the Corporations Act. The company is also in discussions regarding a potential acquisition of a brownfields gold project in Queensland, though details remain incomplete and uncertain. This move could impact Pacgold’s operations by potentially expanding its project portfolio, though the outcome remains uncertain.
More about Pacgold Limited
Pacgold Limited is an ASX-listed minerals exploration company focused on the Alice River Gold Project located in the Northeast Queensland Mineral Province. This region is known for its gold-rich deposits, including notable sites like Pajingo, Mt Leyshon, Kidston, and Ravenswood. The Alice River Gold Project spans 377 square kilometers and includes 30 kilometers of prospective gold targets, set within a large intrusion-related gold system similar to the Fort Knox deposit in the USA and the Hemi deposit in Western Australia.
Average Trading Volume: 468,434
Technical Sentiment Signal: Sell
Current Market Cap: A$15.83M
For a thorough assessment of PGO stock, go to TipRanks’ Stock Analysis page.