• Cyanide irrigation commenced at White Dam heap leach pad
• Metso screen and cone crusher commissioned, ramp up of re-crushing underway
• Infill RC drilling at Vertigo target supports anticipated MRE upgrade

Pacgold Limited (ASX: PGO) has reported its Quarterly Activities Report for the three-month period ending 31 March 2026, highlighting key operational progress at the White Dam Gold Project in South Australia. Cyanide irrigation commenced along the western wall of the heap leach pad, with approximately 250,000 tonnes of original run of mine (ROM) ore on the first lift of the existing heap leach dump turned over and irrigated. The heap leach irrigation is utilizing the relined and approved Pregnant Leach Solution (PLS) pond and existing fully operational processing infrastructure on site. Additionally, a Metso screen and cone crusher were mobilized to site and commissioned, with the ramp up of re-crushing underway. The company is targeting a re-crushing rate of 90kt per month. Pacgold also reported that its 25,000m RC drilling program at the Vertigo Pit, the first of three published Mineral Resource Estimate (MRE) zones, is 95% complete. The drilling is designed to upgrade the predominantly Inferred Resources (JORC 2012) to the Indicated category, as a prelude to re-running mine optimisations and open pit designs. The drilling results have supported the anticipated MRE upgrade, with several holes intersecting strong gold and copper mineralisation in the upper strata bound lenses above the main MRE zone. Subsequent to the end of the quarter, Pacgold achieved maiden gold production at the White Dam Gold Project, marking a key company milestone in its transition from explorer to gold producer.

Pacgold is firmly on track to establish a consistent, high-margin revenue stream from the White Dam Gold Project. The company is focused on ramping up production and cashflow from the existing heap leach pad, while also advancing near-mine exploration and expansion opportunities. Pacgold's dual-track strategy, including the new profit-share agreement at Wadnaminga, is expected to deliver further low-cost production potential.