PC2.ASX: Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Stock	PC2.ASX (PC2.ASX)
Release Time	29 Jul 2026, 8:20 a.m.
Price Sensitive	Yes

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PC2.ASX Reports Successful Drilling and Resource Expansion

Key Points

Completed 8,653m of HQ3 diamond drilling across 24 holes
Updated Mineral Resource Estimate increased by 84%
Identified new Footwall Lode parallel to the Macau Zone
Cash at quarter end was A$21.7 million
Acquired Pine Creek camp and Terracore Gold Pty Ltd

Full Summary

PC2.ASX delivered a highly productive quarter at Spring Hill, completing 8,653m of HQ3 diamond drilling across 24 holes. Drilling generated strong results across the Link Zone, Main Lode Southern Extension, Hong Kong, and Macau areas. The Link Zone continues to develop into a larger and more robust mineralised domain. A new Footwall Lode was identified parallel to the Macau Zone. The updated Mineral Resource Estimate increased by 84% to 43.6Mt @ 1.1g/t Au for 1.51Moz Au. Cash at quarter end was A$21.7 million. The company also acquired the Pine Creek camp and Terracore Gold Pty Ltd, expanding its strategic landholdings.

Guidance

PC2.ASX: Updated Mineral Resource Estimate increased by 84% to 43.6Mt @ 1.1g/t Au for 1.51Moz Au

Outlook

PC2.ASX is well funded to complete the updated Mineral Resource Estimate and the Pre-Feasibility Study. Drilling will continue through the September quarter.