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2 clusters · 3 sources · 9 days · First seen 27 days ago · Last updated 19 days ago

PC Gold Spring Hill Project development

Overview

PC Gold has reported positive metallurgical testwork results for its Spring Hill Gold Project in Australia’s Northern Territory. Testing on various mineralisation domains showed gold extraction rates as high as 99.4%. Executive Chair Ashley Pattison noted that weathered material may process at a coarser grind size than expected, which could potentially “lower power requirements, reduce processing costs, and support higher plant throughput.”

Following these technical results, PC Gold announced a $75 million institutional placement to fund the project. The capital is intended for drilling programs, infrastructure refurbishment, and the completion of Prefeasibility and Definitive Feasibility Studies.

Entities

PC Gold · Ashley Pattison · Spring Hill Project · Bureau Veritas · Taylor Collison

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Pengana Capital Group Limited has announced an on-market share buy-back of its ordinary fully paid shares. www.finnewsnetwork.com.au · www.sharecafe.com.au
[● 2 SOURCES] The proposed buy-back encompasses a maximum of 9,783,561 ordinary fully paid securities. www.finnewsnetwork.com.au · www.sharecafe.com.au
[● 2 SOURCES] The buy-back program is scheduled to run from September 14, 2026, to September 14, 2027. www.finnewsnetwork.com.au · www.sharecafe.com.au
[○ 1 SOURCE] PC Gold is raising $75 million through a single tranche institutional placement. mining.com.au
[○ 1 SOURCE] The company will issue 71.4 million shares at an offer price of $1.05 per share. mining.com.au
[○ 1 SOURCE] Richard Clark and associates have committed to invest $2 million into this placement. mining.com.au
[○ 1 SOURCE] Proceeds will be used to fund drilling programs at the Spring Hill Project in the Northern Territory. mining.com.au

Timeline

19 days ago

[BUSINESS] 3 sources
PC Gold raises $75M for Spring Hill; Pengana Capital announces share buy-back
PC Gold is raising $75 million for its Spring Hill Project drilling programs, while Pengana Capital Group has announced a 10% on-market share buy-back program starting in September 2026.
27 days ago

[BUSINESS] 2 sources
PC Gold reports up to 99.4% gold extraction at Spring Hill Project
PC Gold reported gold extraction rates of up to 99.4% at its Spring Hill Gold Project, with results suggesting coarser grind sizes could reduce processing costs and increase throughput.

Sources

finnewsnetwork.com.au · mining.com.au · sharecafe.com.au