Spring Hill Project (PC Gold)
Company Overview
PC Gold Ltd owns 100% of the Spring Hill Gold Project, located in the Pine Creek Orogen of the Northern Territory, Australia. The project is fully permitted for open-pit mining and sits on one of the largest mining leases in the area, which pre-dates native title obligations. The project contains a new JORC resource (MRE) of 828,000 ounces at 1.0 gpt Au at a 0.5 gpt cut-off, with potential to expand to over 1Moz.
Licenses and Validity
Spring Hill is fully permitted for open-pit mining operations. It includes ML23812, surrounded by the newly amalgamated EL 33234. The combined tenement package spans 9.2 km north-south and up to 5.5 km wide in parts.
Exploration Potential
The project hosts a JORC-compliant resource of 828koz Au at 1.0 gpt Au, with 431koz in the indicated category. Significant exploration targets along the northern strike have been identified, with further potential at depth and across the project area.
Feasibility Plans
Advanced metallurgical testing and economic evaluations highlight robust production potential. The mine plan incorporates three stages, with an estimated free cash flow of $390M and 403koz recoverable Au from open-pit and underground mining.
Mineral Resources and Reserves
Mineralization occurs across five main zones, with substantial coarse gold identified. Updated resource estimations (2023) indicate a total of 1Moz at 1.1 gpt Au when including screen fire assays, emphasizing its economic viability.
Basic Geological Characteristics
The project lies within the geologically rich Pine Creek region, featuring mineralized hills and granitic intrusions. Historical drill data and geophysical surveys confirm the presence of gold-bearing quartz veins and associated sulphide mineralization.
Mining Roadmap
PC Gold has a three-stage mining plan for the Spring Hill Project:
Stage 1 Open Pit: Targeting 2.98 Mt of ore at 1.01 gpt Au for 93,135 recovered ounces.
Stage 2 Open Pit: Extracting an additional 4.9 Mt of ore at 1.14 gpt Au for 172,492 ounces.
Stage 3 Underground Mining: Focused on 1.9 Mt of ore at 2.45 gpt Au, recovering 138,104 ounces.
The roadmap includes key activities like environmental approvals, exploration, and infrastructure upgrades.
Community Commitments
PC Gold adheres to strict environmental regulations and actively addresses the protection of Ghost Bats in the area by establishing exclusion zones and proposing artificial habitats. The company ensures minimal ecological disruption through responsible
Contact Information
PC Gold Ltd
U38/460 Stirling Highway, Peppermint Grove WA 6011
Australia Phone: +61 8 6313 3996
Email: admin@pcgold.com.au
Website: www.pcgold.com.au
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