PC Gold – $15M Raise in Tier-1 Gold Location
PC Gold is developing the 100%-owned Spring Hill gold project in the +20Moz Pine Creek Province, NT, just 2 hours from Darwin with established infrastructure.
JORC 2012 Resource: 821koz (424koz Indicated) near-surface oxide gold.
Exploration Target: Additional 1–2Moz potential.
Approvals in Place: 21-year granted mining lease, environmental approvals secured, Native Title pre-dated.
Growth Drilling: +12,000m planned over next 6 months targeting high-grade extensions at Steve’s Gully, Lasagne Lode, and Vein Heaven.
Management Alignment: +$20M invested to date, team to hold +50% post-IPO.
Raise Details: $0.25/share, $10M–$15M raise underway, EV ~$54M, market cap $65M–$70M, EV/oz ~$65.
This is a permitted, growth-ready oxide gold project in a prolific Australian gold belt with substantial upside drilling planned.
IPO / raise details are:
Capital Raising Price: $0.25 per share
Capital Raise Amount: $10M–$15M
Shares on Issue Post-IPO: 261M–281M¹
Enterprise Value (EV): $54M
Market Cap Post-IPO: $65M–$70M
EV per Ounce: ~$65/oz (based on 821koz resource)
Performance Share Plan: 5.3M performance shares for management, vesting on three milestone achievements
Valuation at Offer: ~$70M
https://pcgold.com.au/ipo-prospectus/
