Imminent Gold Production and Cashflow from White Dam Project
| Stock | Pacgold Ltd (PGO.ASX) |
|---|---|
| Release Time | 7 Jan 2026, 8:22 a.m. |
| Price Sensitive | Yes |
Pacgold Commences Gold Production at White Dam
- Heap leach irrigation underway at White Dam Gold Project
- Up to 250,000 tonnes of ore to be under irrigation by mid-January
- Exploration team and drill crews mobilizing to site
Pacgold Ltd (ASX: PGO) has announced that gold production and initial cash flow is imminent at its White Dam Gold Project in South Australia, with cyanide irrigation now underway along the western wall of the heap leach pad. Approximately 250,000 tonnes of original run of mine (ROM) ore on the first lift of the existing heap leach dump has been turned over and will be fully irrigated by mid-January 2026. The heap leach irrigation will utilize the recently relined and approved Pregnant Leach Solution (PLS) pond and existing fully operational processing infrastructure on site. The initial leaching timeframe is expected to be approximately 5-6 weeks, with ore to be processed and sold as soon as possible to provide initial cash flow and funding for additional development and exploration activities. The company's exploration team and drill crews are also mobilizing back to site, with development drilling at Vertigo, Hannaford and White Dam North set to recommence within the next week. Pacgold's Managing Director, Matthew Boyes, commented that commencing heap leach irrigation at White Dam is a major milestone for the company, marking the transition from project acquisition to gold production. The company is also working on a full re-crush of the final lift of the pad and plans to have equipment mobilizing to commence this activity within Q1 2026.
The company expects to generate initial cash flow from the first batch of ore processed through the heap leach operation within the next 5-6 weeks.
Pacgold is focused on unlocking near-term value from the White Dam Gold Project, with plans to expand the heap leach pad capacity and restart full-scale mining operations in the coming months. The company's exploration efforts are also ramping up, with drilling set to continue through to May-June 2026 when resource estimates and mining studies will be updated.