Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Michael Pitt is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • May 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Michael Pitt is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions • Dec 30
Non-Executive Director recently bought AU$58k worth of stock On the 24th of December, Richard Hacker bought around 834k shares on-market at roughly AU$0.07 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$270k more in shares than they have sold in the last 12 months. Board Change • Dec 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Michael Pitt is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 공시 • Oct 20
Pacgold Limited Appoints Mike Nelson as Consulting Project Director Pacgold Limited announced the appointment of highly experienced Mining Executive, Mr. Mike Nelson, to the newly created position of Consulting Project Director. Mr. Nelson brings over 30 years of experience across mineral processing operations and project leadership roles that will greatly assist in delivering the Company's objective to recommence gold production at the recently acquired White Dam Gold Operation in South Australia. Mr. Mike Nelson is a highly experienced mining executive with more than 30 years in mineral processing operations and project leadership across large-scale precious and base metal projects. He has extensive international experience, having played key roles in major developments such as the Reko Diq copper-gold project in Pakistan (operated by Barrick Gold Corporation) and the Quebrada Blanca Phase II copper project in Chile (operated by Teck Resources). More recently, he led the reshaping of the process flowsheet and development strategy for Chalice Mining's Gonneville Project in Western Australia. Mr. Nelson is also a Non-Executive Director of Toubani Resources and holds a Bachelor of Science (Honours), along with a Master of Applied Finance. 공시 • Oct 07
Pacgold Limited (ASX:PGO) entered into a Share Sale and Purchase Agreement to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 4.8 million. Pacgold Limited (ASX:PGO) entered into a Share Sale and Purchase Agreement to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 4.8 million on October 5, 2025. Total consideration for the acquisition comprises a combination of: 1) AUD 1.2 million upfront cash payment inclusive of AUD 75,000 exclusivity fee, funded by existing cash on completion; 2) issue of 15 million FPO Pacgold shares which will be subject to a 12-month voluntary escrow period; and 3) a contingent payment of AUD2.2 million, payable in cash or Pacgold shares (at Pacgold’s election), upon achieving commercial production of at least 5,000oz of gold at the Project. Pacgold has engaged Bell Potter and Taylor Collison to act as Joint Lead Managers to undertake a capital raise to secure funding to advance the acquisition and for restart of the White Dam project. Under the Agreement, existing royalties associated with the Project will be assumed by Pacgold Limited, and Pacgold Limited will retain the benefit of an environmental bond associated with the Project, with an estimated value of AUD 2 million.
Completion of the Divestment is subject to conditions precedent including Pacgold obtaining shareholder approval for issue of consideration shares and all other purposes and the parties obtaining all necessary third-party approvals, consents and waivers to allow the parties to complete the transaction contemplated in the SSA. Completion is expected to occur in December 2025. 