• First gold pour from White Dam marks significant milestone
• Maiden gold dore bar weighing ~3kg for estimated 80oz Au
• First cash flow from gold sale completes Pacgold's transition to producer

Pacgold Limited (ASX: PGO) has announced the successful completion of its first gold pour from the White Dam Gold Project, located 80km east of Broken Hill in South Australia's Olary Province. This achievement represents a significant milestone in Pacgold's execution of its Phase 1 restart strategy for the project, with the company delivering its first gold dore bar within 5 months of acquiring the asset. The maiden gold dore bar weighed approximately 3kg, representing an estimated (unreconciled) 80oz of gold, which has been shipped to the Perth Mint Refinery for final refining and subsequent sale. This first cash flow from the gold sale will effectively complete Pacgold's transition from explorer to producer and provide the company with funds to support its ongoing growth initiatives. Pacgold is now focused on ramping up production, with the company continuing its efforts to re-crush and leach additional ore to target 90kt per month. Design work is also underway for the proposed pad expansion area, and the company is awaiting final assays from the recently completed resource drilling at the Vertigo deposit. Pacgold has also submitted applications for drill permits across multiple exploration targets, including Mary Mine, White Dam North, Green and Gold, Wilkins and Wadnaminga, providing the company with a pipeline of drill-ready projects.

As Pacgold continues to ramp up production and optimize the heap leach circuits at the White Dam Gold Project, the company looks forward to increasing the frequency and size of its gold pours in the coming months. The return from the first 40,000T parcel of re-crushed ore is expected within 3 weeks, followed by a further 200,000T to be under irrigation by late May. Pacgold is well-financed to deliver on its growth initiatives and will continue to provide updates on its progress.