Pacgold Ltd Secures St George Gold-Antimony Project in Queensland
Pacgold Ltd, an Australian company specializing in exploration and mining services, has recently expanded its portfolio with a significant acquisition in Queensland. On August 18, 2025, Pacgold announced a farm-in deal to earn 100% of the St George gold-antimony project. This strategic move is expected to bolster the company’s presence in the North Queensland gold exploration sector.
The St George project has shown promising results, with rock chips testing up to 66.6% stibnite and 112 grams per tonne (g/t) of gold. This acquisition aligns with Pacgold’s ongoing efforts to explore and develop gold projects in the region, reinforcing its commitment to expanding its footprint in the Northeast Queensland gold-antimony belts.
Pacgold, listed on the ASX All Markets stock exchange, has a market capitalization of 14,480,000 AUD. Despite a challenging financial year, reflected in a negative price-to-earnings ratio of -5.321, the company remains focused on leveraging its exploration capabilities to drive future growth.
The acquisition was reported by multiple sources, including The Age, The Sydney Morning Herald, The Market Online, and Mining.com, highlighting its significance in the industry. Pacgold’s proactive approach in securing valuable projects underscores its strategic vision and potential for future development.
For further information, Pacgold can be reached through its official website at www.pacgold.com.au . The company continues to serve customers globally, maintaining its reputation as a key player in the mining sector.