Pacgold Strikes Profit Share Deal to Unlock Historic Wadnaminga Gold Project

Pacgold Limited ( (AU:PGO) ) just unveiled an update.

Pacgold has signed a 50-50 profit share agreement with Grainger Gold over the Wadnaminga Project, 80km southwest of its White Dam mine, covering the New Milo and Great Eastern mining centres and related historical stockpiles. The project area, which produced nearly 20,000 ounces of high-grade gold in the early 1900s but has seen no modern systematic drilling, hosts about 20,000 tonnes of tailings and heap leach material that will be resampled, tested for recoverable gold and potentially trucked to White Dam, while first-pass drilling will target unmined lode extensions to quickly define new resources.

Management says the deal expands Pacgold’s Broken Hill footprint and could provide short-term ore feed to White Dam, leveraging historic high grades and the lack of previous modern exploration. If stockpiles and new drilling confirm economic grades, Wadnaminga could fast-track into production, offering a low-capex growth avenue and strengthening Pacgold’s position as a regional consolidator of stranded and historical gold assets.

The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.

More about Pacgold Limited

Pacgold Limited is an Australian gold exploration and development company listed on the ASX, focused on building a regional footprint around its White Dam processing facility in the Broken Hill region. The company targets high-grade and near-surface gold deposits, aiming to generate short-term ore sources that can be trucked to White Dam for leaching and rapid monetisation.

Average Trading Volume: 3,527,247

Technical Sentiment Signal: Buy

Current Market Cap: A$64.67M

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