Pc Gold Ltd. · ASX:PC2
Pc Gold — Shareholder Meeting (November 2025)
23 slides from Pc Gold's shareholder meeting presentation, Nov 26, 2025
Slide 1: PC Gold Ltd Investor Presentation
PC GOLD LTD INVESTOR PRESENTATION NOVEMBER 2025 PC Gold Limited ACN 609 609 047 ASX:PC2 1 PC Gold ASX Listing Investor Presentation 1
Slide 2: Disclaimer & Competent Persons Statement
2 DISCLAIMER & COMPETENT PERSONS STATEMENT IMPORTANT NOTICE AND DISCLAIMER The following important notice and disclaimer applies to this investor presentation and you are therefore advised to read this carefully before making any use of this presentation or any information contained in this presenta
Slide 3: Disclaimer & Competent Persons Statement (cont.)
DISCLAIMER & COMPETENT PERSONS STATEMENT (cont.) COMPETENT PERSONS STATEMENT – EXPLORATION TARGET COMPETENT PERSONS STATEMENT - RESOURCES The information in this Report that relates to Exploration Targets is based on, and fairly represents, The information in this presentation that relates to the es
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS 821 Koz Au Mineral Resource (424 koz Au Indicated)1 Mineralisation open at depth and along strike 1-2 Moz Au Exploration Target1 Supported by historical drilling, geochemistry and geophysics Feasibility Study Underway – Targeting Long Mine Life Maiden ore reserves and standalon
Slide 5: Capital Structure and Shareholders
Capital Structure Shareholders Capital Raising Price IPO Proceeds 12.4% $0.25 $13.35M 23.6% 25.9% Shares on Issue Market Cap 274M1 $68.5M 38.1% Enterprise Value EV/Oz $55.8M Institutional $68 Management 2 Rivi Opportunity Fund 2 Other – ~445 shareholders Note: 1. A Performance share plan has been pu
Slide 6: Peer Comparison – ASX Gold Developers
PEER COMPARISON – ASX GOLD DEVELOPERS (as of 10th Oct 25) Average EV/oz Au AUD$175 Selected ASX Listed Gold Developers – EV/Resource ($/oz Au)(1,2) Market Cap $336m $641m $255m $345m $412m $428m $205.7m $398.8m $153m $231m $294m $68m Cash $29.7m $54m $20m $18.6m $50.5m $42.9m $28m $25.9m $6.2m $15.7
Slide 7: Board & Management
Board & Management Ash Pattison Rob Jewson Kevin Puil John Menzies John Lewis EXECUTIVE CHAIR / CEO NON-EXEC DIRECTOR NON-EXEC DIRECTOR NON-EXEC DIRECTOR NON-EXEC DIRECTOR / COMPANY SECRETARY Sean Church Peter Harris Geoffrey Eupene Wei Li CHIEF OPERATING GM – EXPLORATION NT TECHNICAL ADVISOR CHIEF
Slide 8: Spring Hill Gold Project
SPRING HILL GOLD PROJECT SPRING HILL WITHIN PINE CREEK REGION • Situated in +20 Moz Pine Creek goldfield, Northern Territory, a world-class gold province. 3 New CIL plants permitted for construction in last 18 months. • 100% owned Spring Hill gold project, comprising a 1.035ha ML, surrounded by a 3,
Slide 9: Spring Hill Gold Project: Solid Foundation, Real Growth Ahead
SPRING HILL GOLD PROJECT SOLID FOUNDATION, REAL GROWTH AHEAD • High-grade, sheeted vein system consistent with major deposits in the +20Moz Pine Creek province. • Multi-Zone System Ready for Expansion three key zones defined across a +5km mineralised corridor to the North of the current MRE— each sh
Slide 10: Spring Hill Gold Project: A Robust Platform for Growth
SPRING HILL GOLD PROJECT A ROBUST PLATFORM FOR GROWTH The Heart of Spring Hill’s MRE The Hong Kong zone is one of five zones within the MRE zone and hosts a majority of the current MRE ounces — a near-vertical ore body with a strike length of 1.1km and widths averaging 50–60m. Growing with Depth: Hi
Slide 11: Spring Hill Gold Project: Hong Kong Zone Looking North
SPRING HILL GOLD PROJECT HONG KONG ZONE LOOKING NORTH Notes: 1. Conceptual pit shell based on a A$4,650 gold price 2. Open pit mining to be followed by a proposed underground mine down plunge on the main Hong Kong zone PC Gold ASX Listing Investor Presentation 11
Slide 12: Exploration Momentum – Results Flowing & Major Drilling Ahead
SPRING HILL GOLD PROJECT EXPLORATION MOMENTUM – RESULTS FLOWING & MAJOR DRILLING AHEAD Post-IPO Acceleration • 3 Rigs on site – 2 Diamond and 1 RC • Outstanding results received from initial +5,000m drilled to date in the Lasagne lode immediately along strike from the 821koz Au resource • Photon Ass
Slide 13: New Macau Extension Identified in Phase 1 Drilling
SPRING HILL GOLD PROJECT NEW MACAU EXTENSION IDENTIFIED IN PHASE 1 DRILLING Phase 1 Drilling Results • No historical drilling has been recorded in the Macau Extension , • Drilling intersected three mineralised lodes over more than 300 metres of strike and across a 30–40 metre-wide zone that remains
Slide 14: Visible Gold / High Grade in Phase 1 Drilling
SPRING HILL GOLD PROJECT VISIABLE GOLD / HIGH GRADE IN PHASE 1 DRILLING Phase 1 Drill Results – Lasagne Target • Visible gold confirmed in diamond holes at the Lasagne Target, directly along strike from the Company’s 821,000oz Au Resource at the 100% owned Spring Hill Gold Project. • SDG25_009 is co
Slide 15: High Grade Eastern Zone Extension Identified in Phase 1 Drilling
SPRING HILL GOLD PROJECT HIGH GRADE EASTERN ZONE EXTENSION IDENTIFIED IN PHASE 1 DRILLING Phase 1 Drilling Results • The Eastern Lode represents both a near surface open pit and a historic underground target, the latter of which produced approximately 650oz at 18.6 g/t Au historically. The Eastern L
Slide 16: Photon Assay Re-Assay Program
PHOTON ASSAY RE-ASSAY PROGRAM PC Gold Sees Potential To Demonstrate Grade Upside in the MRE and Exploration Target Thru Photon Assay Potential Grade Under Call Bulk Sample Metallurgical Program • PC Gold has done a substantial amount of historical Screen 13,250t of mullock and free-dig ore processed
Slide 17: De-Risked and Ready: Tenure, Permitting & Infrastructure
DE-RISKED AND READY TENURE, PERMITTING & INFRASTRUCTURE SECURE TENURE PERMITTING FAVOURABLE LOCAL SUPPORT & WITH LONG MINE FRAMEWORK LOGISTICS & WORKFORCE LIFE LARGELY IN PLACE UTILITY ACCESS INFRASTRUCTURE Large 1,035Ha, granted Fully permitted for open-pit Project is 10km off the Stuart Pine Creek
Slide 18: Investment Summary
INVESTMENT SUMMARY MINERAL RESOURCE OF 821,000oz Au EXPERIENCED TECHNICAL TEAM WITH SIGNIFICANT UPSIDE WITH PROVEN REGIONAL SUCCESS Current resource underpinned by ~38,000m of drilling and New team appointed with deep history in the Pine Creek fire assays. Mineralisation remains open in all directio
Slide 19: More Information
MORE INFORMATION Ashley Pattison Investor Relations Executive Chairman Paul Berson T: +61 8 6313 3996 T: +61 (0) 421 647 445 E: admin@pcgold.com.au E: paul@corporatestorytime.com U38/460 Stirling Highway Peppermint Grove WA 6011 Australia pcgold.com.au PC Gold ASX Listing Investor Presentation 19
Slide 20: Appendix 1 – Resource and Exploration Targets
APPENDIX 1 – RESOURCE AND EXPLORATION TARGETS A breakdown of the Spring Hill Mineral Resource Estimate by category A breakdown of the Spring Hill Exploration Target is as follows: and various Cut Off Grades (COG) is as follows: Notes: 1. Figures may not add up due to rounding. 2. All Mineral Resourc
Slide 21: Appendix 2 – Project Development Timeline
APPENDIX 2 - PROJECT DEVELOPMENT TIMELINE +$20M PRIVATELY FUNDED INTO THE ADVANCEMENT OF THE PROJECT SINCE ACQUISITION IN 2016 Acquired 100% Completed Federal Drilled 960m Finalised Full Updated JORC Appointed New ASX Listing 15 Of TM Gold Pty 13,000t Bulk Environmental Co-funded Metallurgical Resou
Slide 22: Appendix 3 – Team Bios
APPENDIX 3 - TEAM BIO's DIRECTORS MANAGEMENT ASH PATTISON EXECUTIVE CHAIR / FOUNDER Ash has over 25 years’ experience in the resource sector with broad operational and corporate finance experience. He has been involved in the management and startup of producing gold and copper mines in Australia and
Slide 23: Appendix 4 – Peer Comparison Source Information
APPENDIX 4 – PEER COMPARISON SOURCE INFORMATION Market Enterprise Peer Cash Debt Measured Resource Indicated Resource Inferred Resource Total Resource Sources Cap Value (EV) Tonnes Grade Cont Tonnes Grade Cont Tonnes Grade Cont Tonnes Grade Cont ($m) ($m) ($m) ($m) Financials Resources (Mt) (g/t Au)