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An update from Pacgold Limited ( (AU:PGO) ) is now available.
Pacgold Limited has announced a farm-in agreement to acquire up to 100% interest in the St George Gold-Antimony Project in North Queensland. This agreement grants Pacgold access to a significant land position with historical antimony production and high-grade mineralization. The project is strategically important due to the critical nature of antimony, a mineral with robust demand and limited supply, primarily controlled by China. Pacgold plans to commence immediate exploration activities, including mapping, geophysics, and drilling, aiming to unlock significant value from the high-grade targets identified. The completion of heritage clearance allows the company to proceed with exploration, fostering partnerships with local stakeholders and traditional owners.
More about Pacgold Limited
Pacgold Limited is a Queensland-focused gold exploration company, primarily engaged in exploring and developing gold and antimony resources. The company is strategically focused on expanding its portfolio within the Hodgkinson Province, North Queensland, with a particular emphasis on critical minerals like antimony, which are in high demand globally.
Average Trading Volume: 358,245
Technical Sentiment Signal: Sell
Current Market Cap: A$14.48M
See more data about PGO stock on TipRanks’ Stock Analysis page.