Pacgold (ASX: PGO) is mobilising crushing and screening equipment to its White Dam Gold Project, a critical step towards unlocking near-term production and cash flow.
The company expects assay and drilling results shortly, which will be key to understanding the project's full potential.
Pacgold is deploying a Metso ST 4.1 screen and HP300 cone crusher with a radial stacker to its White Dam Gold Project, with the equipment scheduled to arrive in the week of 9 March 2026.
The company has executed a hire purchase agreement with Tutt Bryant for the necessary machinery.
With the equipment on site, the re-crush of the top lift of the White Dam heap leach pad is set to commence.
Near-Term Catalysts: Assays and Drilling
Assay and LeachWELL test results are anticipated within one week, providing crucial data on the gold recovery process.
A sonic drilling campaign, comprising approximately 100 holes, is currently underway to further delineate the remaining resource and leachable gold at White Dam.
These results will inform the production forecast for 2026-27, which Pacgold intends to disclose after the test work results and initial ramp-up phases are complete.
Operational Context and Delays
The re-crush circuit has a designed throughput of approximately 350 tonnes per hour (tph), and the company expects to ramp-up to full capacity after an initial period.
Recent severe weather, including 100 mm of rainfall, caused access restrictions and paused refurbishment activities for about seven days.
This highlights the inherent execution and timing risks involved in such operations, particularly those related to weather.
"This weather event has caused a short delay in completion of refurbishment works on the several of the CIC columns, although leaching continues and the addition of significant amount of water into the pad and storage ponds is very welcome,” managing director Matthew Boyes said.
“The plant is scheduled to be back running at full nameplate capacity again after this minor delay, as we continue to ramp up leaching and irrigation capacities.”
Strategic Focus: Alice River & St George
Pacgold holds a broader portfolio beyond White Dam, .
The company previously delivered a maiden Mineral Resource Estimate at its Alice River Gold Project, detailing a global resource of 854 koz Au.
Pacgold has also expanded its interests by entering a farm-in agreement for the St George Gold-Antimony Project in North Queensland.
Funding for these ongoing exploration efforts has been bolstered by recent capital raises, including a placement of A$4.1 million in September 2024 and a further A$5.6 million two-tranche placement in May 2025.
