Pacgold Limited

Industry: MINING

Pacgold Limited (ASX: PGO) is rapidly advancing high-grade gold discoveries at its flagship Alice River Gold Project in North Queensland, a 30km mineralised gold corridor with multi-million-ounce potential. Recent standout drilling results, including 8m @ 55.9g/t Au and 24m @ 8.0g/t Au, underscore the project’s growing scale and significance.

With strong institutional backing (28%), a tight capital structure (84.1M shares on issue), and a market cap of just A$13.0M, Pacgold represents a high-grade, undervalued gold opportunity. The company is the first to apply modern exploration techniques to this historic goldfield, unlocking previously untapped zones and significantly expanding its resource base.

Strategically positioned within a tier-1 gold system, Alice River boasts eight granted mining leases and a 377km² exploration footprint, providing a robust foundation for long-term growth. As drilling ramps up in 2024/25, Pacgold is targeting resource expansion and new high-grade discoveries, setting the stage for a potential gold re-rating.

With a history of 30,000oz @ 5.6g/t Au production and major exploration upside, Pacgold is on track to redefine North Queensland’s next high-grade gold district.