• Pacgold was in confidential discussions to acquire White Dam Gold Operation
• Negotiations were completed and acquisition announced on 5 October 2025
• Pacgold plans to undertake a capital raising via a placement

In response to an ASX price query, Pacgold Ltd (PGO) confirmed it was in incomplete, confidential discussions regarding the potential acquisition of the White Dam Gold Operation from GBM Resources Ltd. At the time of receiving the ASX letter, the terms of the transaction remained confidential and subject to ongoing negotiations. The final terms were agreed on 5 October 2025, and the company released an announcement regarding the acquisition. The announcement also referred to Pacgold's intention to undertake a capital raising by way of a placement to professional and sophisticated investors. Pacgold stated that it was relying on Listing Rule 3.1A not to announce the ongoing discussions, as it had no reason to believe confidentiality had been breached. However, in light of the increased price and volume of trading, the company requested a trading halt and accelerated the negotiations to be able to release the announcement. Pacgold confirmed it is complying with the Listing Rules, particularly Listing Rule 3.1, and that the responses have been authorised and approved by the Board of Directors.