Pacgold

What Pacgold does

Pacgold Limited is an ASX-listed Australian gold mining company headquartered in Brisbane that is transitioning from a pure exploration company to a gold producer. Its core producing asset is the White Dam heap leach gold operation in South Australia's Olary province, which it acquired and restarted in early 2026 using existing permits and infrastructure to minimise capital expenditure. The company achieved its maiden gold pour (approximately 80oz doré) in May 2026 and a second pour (97oz) in June 2026, with stated ramp-up targets toward 90,000 tonnes of monthly leaching throughput via newly commissioned crushing equipment. Its core technology is conventional heap leach gold extraction augmented by re-crush processing to recover residual gold from previously leached material.

Beyond White Dam, Pacgold holds a portfolio of exploration and development assets across Queensland and South Australia. The St George project in Far North Queensland has defined a 30km+ mineralised gold-antimony corridor with rock chip results up to 18.5g/t gold and seven major anomalies, six still undrilled. The Alice River gold project in Queensland has returned positive drill results at Kapok and Victoria targets. The company also holds a 50-50 profit-sharing joint venture with Grainger Gold for the Wadnaminga project, targeting approximately 20,000 tonnes of historical tailings near White Dam. Within White Dam, the Vertigo Open Pit has 95% of resource drilling complete and is being evaluated for a potential early restart in late 2026 versus the originally planned mid-2027 timeline.

Pacgold generates revenue by selling gold doré bars to refiners, with Perth Mint Refinery identified as its refining partner. Pricing is set by prevailing gold spot prices, making the company a price-taker on global commodity markets with no disclosed hedging arrangements. The company has 11-50 employees, a market capitalisation of approximately A$55M, and underwent a board reshuffle in late 2024 with Caoilin Chestnutt assuming the Chair role and Richard Hacker joining as Non-Executive Director.

Name

Pacgold

Legal name

Pacgold Limited

Website

https://pacgold.com.au

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Pacgold is an ASX-listed Australian gold mining company transitioning from explorer to producer, operating the White Dam heap leach project in South Australia and exploring gold-antimony assets in Queensland, selling gold doré bars to refiners at spot prices.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining operations
• Heap leach processing
• Mineral exploration services
• Gold doré production
• Gold-antimony exploration

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Core offering

Pacgold is an Australian gold mining company that operates heap leach gold extraction operations and mineral exploration projects. The company's primary producing asset is the White Dam Gold Project in South Australia, which produces gold doré bars sent to Perth Mint Refinery for refining and sale. The company also holds a portfolio of gold and gold-antimony exploration projects in Queensland targeting near-term production and resource growth.

Product overview

Pacgold is an Australian gold mining company operating a portfolio of heap leach operations and exploration projects. The company's primary producing asset is the White Dam Gold Project in South Australia, a heap leach operation producing gold doré bars. The company has transitioned from explorer to producer with maiden gold production in May 2026 and is ramping up to 90,000 tonnes monthly leaching capacity. Pacgold also holds exploration projects including the St George gold-antimony project in Queensland (30km mineralised corridor), the Alice River gold project, and has a 50-50 profit-sharing arrangement for the Wadnaminga project.

Differentiator

Problem solved

Functional benefit

Products and services

• White Dam Gold Project Heap leach gold operation in South Australia's Olary province producing gold doré bars. The company re-crushed 20,000 tonnes of heap leach material with validation confirming high-grade leachate reporting to the base of the re-crush. An additional 50,000 tonnes was placed under irrigation, ramping up to a target of 90,000 tonnes monthly leaching capacity. Gold doré is sent to Perth Mint Refinery for refining and sale into commodity markets.
• St George Gold-Antimony Project Exploration project in Far North Queensland where surface sampling defined a mineralised corridor stretching more than 30 kilometres. High-grade rock chip results returned values up to 18.5g/t gold at the Limestone prospect. The Fence structural zone hosts seven major anomalies with six remaining undrilled, representing significant exploration upside in an emerging gold-antimony province.
• Alice River Gold Project Gold exploration project in Queensland with positive drill results from the Kapok prospect revealing continuous gold zones and mineralized zones at the Victoria target. Follow-up drilling is planned after the wet season to advance the resource definition.
• Vertigo Open Pit High-grade open pit within the White Dam project where 95% of resource drilling has been completed. Assay results aligned with or exceeded the 2020 resource model, including standout intercepts of 21m at 1.4g/t gold and 0.32% copper from 44m depth. The company is evaluating an early restart potentially in late 2026 versus the originally planned mid-2027.

Quantifiable outcome

• Maiden gold pour of 3kg (80oz) achieved transitioning from explorer to producer
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• GBM Resources: Small-cap Australian gold and copper explorer with Queensland gold assets; similar size and stage to Pacgold, with comparable exploration-to-development pathway.
• Capricorn Metals: Australian small-mid cap gold producer with a single primary asset (Karlawinda) and exploration upside; directly comparable in scale and stage to Pacgold, though further advanced.
• Westgold Resources: Australian gold producer with multiple operating mines in the Murchison and Bryah regions; broadly comparable in gold-only focus and multi-asset strategy.
• Ramelius Resources: Mid-cap Australian gold producer operating multiple mines in Western Australia; comparable operating model and commodity exposure, though materially larger and more diversified.
• Kingsgate Consolidated: Australian gold producer with heap leach operations (Chatree in Thailand historically); directly comparable in heap leach processing expertise and gold producer profile.
• Saturn Metals: Australian gold explorer-developer focused on the Apollo Hill project in WA; similar size and stage to Pacgold, transitioning from explorer toward producer status.
• Aeris Resources: Australian gold and copper producer with operations including Tritton and Cracow; comparable in scale and commodity mix (Pacgold's Vertigo contains copper credits).
• Wiluna Mining: Australian gold producer operating in Western Australia; comparable gold-only focus and emerging producer profile, though currently undergoing corporate transition.

Broad incumbents

• Silver Lake Resources: Mid-cap Australian gold producer operating multiple mines in WA; comparable gold-focused operating model but materially larger scale and broader asset base.
• Chalice Mining: Larger Australian exploration and development company where Pacgold director Richard Hacker serves on the board; comparable exposure to Australian resources market but focused on nickel-copper-PGEs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PacgoldASX
• LinkedInlinkedin.com/company/pacgold

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pacgold