• Resource drilling at Vertigo 95% complete with assay results supporting an anticipated Mineral Resource Estimate (MRE) upgrade
• Consistent shallow gold zones encountered above the main MRE model, with potential for additional tonnes
• Heap leach pad crushing commencing, with full crushing capacity scheduled by mid-April

Pacgold Limited is pleased to announce further results from the drilling program designed to expand and upgrade the JORC 2012 Mineral Resource Estimate (MRE) at its 100% owned White Dam Gold Project in South Australia. The Vertigo Pit MRE drilling is 95% complete, with assay results continuing to match and exceed expectations. Several drillholes have intersected strong gold and copper mineralization in the upper strata bound lenses above the main MRE zone, indicating potential for additional tonnes in an upgraded MRE. The company plans to commence drilling at the Hannaford Pit MRE in mid-April, followed by the White Dam North MRE in June. Additionally, the critical phase 1 milestone of re-commencing leaching operations is now underway, with mobile crushing equipment now onsite and commissioned. The team is scheduled to achieve the target throughput of approximately 350tph by mid-April, with plans to leach 50,000T packages of re-crushed material initially before ramping up to 100,000T cells in late Q3. The next 8-12 weeks are crucial for the company as it works towards consistent monthly production from the White Dam mine.

Pacgold plans to continue the MRE drilling program at Hannaford, White Dam North and Rolling, with the program scheduled to be completed by late June. The drilling data and assays will inform updated block models and revised Mineral Resource Estimations, followed by mine planning commencing in Q3 2026. The company is also mobilizing an additional RC drilling rig to site in May to accelerate the MRE drilling program and commence drilling on priority regional targets within the White Dam environs.