Pacgold's Gold Milestone: First Bars by April

0:00Pack-old limited just hit a huge milestone, pouring their first gold from the white damn heap leech sight, 80 kilometers east of Broken Hill in South, Australia. The Brisbane crew pulled about 60 ounces from just the first 14 days of operation after recommissioning the plan. This flips them from pure explorer to actual producer. A dream come true for any ASX gold play. The operation uses a stray Ford heap leech setup, stacking ore on pads, hitting it with a cyanide solution to dissolve the gold, then pulling it. Through carbon tanks for stripping and smelting into bars. Its low cost and fits white damn minerals perfectly, though big Aussie mines don't use it much. Four out of five main tanks are now humming at over 95% efficiency post-overhaul. The team is buzzing with pride over this step, calling it a symbolic win that kicks off real revenue potential. With gold prices soaring, margins look fat right now. And sees this as just the start, building momentum towards steady output.

1:01Crushing is ramping to 1,500 tons a day, eying 80,000 to 90,000 tons a month soon. They've kicked off re-crushing the top ore layer for fresh leeching, with returns in four to five weeks. Three more strips before shipping the first bars by late April. Looking ahead, engineers are designing a pad expansion for 4 million more tons of ore by July, and assays from nearby Vertigo drilling drop-in. Two to three weeks to boost resources. Packleds piecing together a solid producer's story at the perfect time. I'm Corey with The Story, and you've been listening to Sydney News today, AI-powered local news.