Slide 1: White Dam Gold Project Acquisition
White Dam Gold Project Acquisition October 2025 New Vertigo pit design Investor Presentation with ore shells ASX:PGO pacgold.com.au
Slide 2: Disclaimer
Disclaimer PURPOSE OF THIS DOCUMENT This presentation has been prepared by Pacgold Limited (“PGO") for general information purposes only using the information available to PGO at the time of publication. This presentation does not purport to be all-inclusive or to contain all the information that yo
Slide 3: Corporate Overview
Corporate Overview Shareholders 6% $0.09 226.2m 46% 29% Share Price Shares on Issue Employees (as at 2/10/2025) Private Stakeholders/ Investors $20m $17.5m Domestic Institutions and Brokers Foreign Institutions and Brokers Market Cap Enterprise Value Corporate Stakeholders Corporate 20.3m $2.5m Stak
Slide 4: Board and Management
Board and Management Caoilin Chestnutt Matthew Boyes Michael Pitt Richard Hacker Bruce Kendall Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Non-Executive Director A geologist by profession, Caoilin Matthew Boyes is an experienced Michael Pitt is an experienced
Slide 5: White Dam Project Acquisition - Near Term Production
White Dam Project Acquisition-Near Term Production Gold production Operating plant and Exploration Team with heap in Q4 2025 >100Koz in Resources upside leach experience INVE STOR PRE SE NTATI O N 5
Slide 6: White Dam Project Overview
White Dam Project Overview Operating heap leach mine producing gold doré, with circuit to produce copper concentrate ▪ White Dam is 50 km west of Broken Hill within the Curnamona Province of South Australia. ▪ Operational from 2010, White Dam has produced approximately ~180,000oz of gold from heap l
Slide 7: White Dam - Production History
White Dam - Production History Heap Leach White dam heap leach pad Mining concluded in 2018 after several campaigns Total: 7,458,425 t @ 0.94 g/t Au (224,603 oz Au) ▪ Overall gold recovered to January 2023*: 178,894 Au oz (~80% recovery) Remaining capacity ▪ Geotech assessed final heap height of 36.
Slide 8: White Dam Project - JORC Resources
White Dam Project - JORC Resources Existing JORC 2012 Resource base1 Resource Contained Gold Area Quantity (tonnes) Grade Au (g/t) category (ounces) Zones in Vertigo pit requiring immediate infill and Measured 0 0 0 expansion drilling Indicated 1,200,000 0.7 28,600 TOTAL Inferred 3,400,000 0.7 73,50
Slide 9: White Dam Mine Site
White Dam Mine Site Existing HL Pad SART Plant Existing infrastructure and permits ▪ Bindarrah Station camp ~12km south-east of Mine Site Hannaford Pit ▪ Water for operations and camp sourced from groundwater, storage dams ▪ Proximity to highway access to Broken Hill, Adelaide ensures reliable suppl
Slide 10: Low Risk Systematic Phased debt free approach to deliver maximum value
Low Risk Systematic Phased debt free approach to deliver maximum value Four step phased approach to increased production and cash flow-Derisking Phase 1 – Existing Heap ▪ Re-crush last lift of existing pad ▪ Au remaining in heap, full evaluation of available resources to be carried out ▪ Evaluate ot
Slide 11: Phase 1 Short-term opportunity: First 12 months, fast track to cashflow
PHASE 1 Short-term opportunity: First 12 months, fast track to cashflow INVE STOR PRE SE NTATI O N 11
Slide 12: Phase 1 - Re-crush and leach
Phase 1 - Re-crush and leach 12-18 months Re-crush final lift of pad ▪ Re-crushing with secondary and tertiary crushers to liberate remaining gold inventory ▪ Order placed with Metso to purchase 2 x cone crushers plus stacker, in-house expertise to run 24/7 crushing operations ▪ Contractors and load
Slide 13: Phase 1 - Increase - recalculate existing JORC Resources
Phase 1 – Increase - recalculate existing JORC Resources Hannaford and Vertigo are on ML’s for early production White Dam North conversion to ML post resource update Scope of works required in first 12 months ▪ Vertigo and Hannaford drill-outs, 15,000-20,000m, 2-3 months commence immediately ▪ White
Slide 14: Phase 2 Mid-term opportunity
PHASE 2 Mid-term opportunity: 1-4 years, near mine extensions INVE STOR PRE SE NTATI O N New Hannaford pit design with ore shells 14
Slide 15: Principal JORC Resources
Principal JORC Resources Mineralisation beneath Hannaford pit JORC 2012 Resource ▪ 1.7Mt @ 0.8 g/t Au for approx. 43koz1 ▪ On granted mining lease ▪ Mineralisation beneath floor of current pit likely significant depth extensions based on limited deeper drilling ▪ Two potential development pathways:
Slide 16: JORC Resources Vertigo exceptional upside
JORC Resources Vertigo exceptional upside Vertigo Pit – Overview JORC 2012 Resource Existing Pit wall ▪ 2.4Mt @ 0.6 g/t Au for approx. 42.9koz ▪ Recently completed optimisations on global resources indicated excellent potential for large mineable inventory ▪ On Granted Mining Leases ▪ Step out and i
Slide 17: Phase 3 Long-term opportunity
PHASE 3 Long-term opportunity: 36 months + Exploration upside and additional ounces INVE STOR PRE SE NTATI O N 17
Slide 18: Phase 3 - Multiple Near Mine Targets
Phase 3 - Multiple Near Mine Targets Rolling Prospect, White Dam East, Vertigo Strike ▪ There is potential to undertake systematic exploration across White Dam to find future deposits and feed for the existing mill ▪ Magnetics highlights structural features hosting the White Dam (Hannaford) and Vert
Slide 19: Phase 3 - Mary Mine Cu-Au Target
Phase 3 - Mary Mine Cu-Au Target Mary Mine - Near Mine Drill Target ▪ No drilling since Aberfoyle ownership ▪ Extensive Artisanal workings for Gold and Copper, mineralisation mapped and visible in shafts along a strike distance of 600m with mapped structures up to 10m in thickness ▪ Only very shallo
Slide 20: Phase 3 - Regional Targets
Phase 3 - Regional Targets Manna Hill - New Lease Application EPL 6946 ▪ New tenement granted East of Manna Hill and historic Goldfield ▪ Undercover extension of outcropping historic Manna Hill goldfield ▪ Large tenement with little exploration completed to date ▪ Multiple targets developed by GBM a
Slide 21: White Dam - Business Plan - Project Economics @ $5500/oz
White Dam - Business Plan - Project Economics @ $5500/oz Project Catalysts Opportunities ▪ $AUD 5,500/oz Au completely changes economic scenario ▪ Lower grade ores previously overlooked, follow up drilling and conversion in Indicated resources will significantly change project economics ▪ Last minin
Slide 22: Development Timeline
Development Timeline Timing of key activities and return to full production • Post re-evaluation of existing Resources, new schedules to be completed to produce best case cashflow scenario with minimum required working capital • Initial scheduling completed on Vertigo, White Dam North and Hannaford
Slide 23: Use of Funds - White Dam and existing exploration assets
Use of Funds - White Dam and existing exploration assets Funding for key activities over next 12-18 months A$12.4M required for full restart and commence extensive near mine and regional exploration Area of expense Description Amount (AUD) Asset purchase Upfront asset purchase as per terms agreed $1
Slide 24: White Dam - Represents outstanding value
White Dam - Represents outstanding value Deal metrics • Up front cash payment on conclusion of capital raise $AUD 1.2M • Up front equity issued 15M shares • Secondary payment of $AUD 2.2M upon achieving production of 5,000oz or more, payable in cash or shares INVE S TOR PRE SE NTATI O N Regional Opp
Slide 25: Alice River Gold Project and St George Gold-Antimony Projects Overview
Alice River Gold Project and St George Gold-Antimony Projects Overview Multiple high-grade Gold Historical artisanal & Antimony targets with open cut production of extremely high-grade 60T at 60% Antimony1 Antimony in rock chips & & no prior systematic first pass exploration exploration across the c
Slide 26: Alice River Project - Maiden MRE Table
Alice River Project - Maiden MRE Table Open Pit Mineral Resources - Inside Pit Shells (AUD 5000) Indicated Inferred TOTAL Model COG Tonnes (kT) Grade (g/t Au) Metal (Oz Au) Tonnes (kT) Grade (g/t Au) Metal (Oz Au) Tonnes (kT) Grade (g/t Au) Metal (Oz Au) Central 0.5 3,872 1.5 184,000 1,215 1.0 39,00
Slide 27: Why Invest in Pacgold?
WHY INVEST IN PACGOLD? Au Cashflow, Increase and Gold Price Experienced restarting Au prove up existing Leverage Management production at resources White Dam Pacgold will recommence Pacgold will recommence infill and Pacgold offers Pacgold’s new Board & production from existing pads extension drilli
Slide 28: Company Contact: Investor & Media Queries
Company Contact: Investor & Media Queries: Matt Boyes Jason Mack Managing Director & CEO White Noise Communications mboyes@pacgold.com.au jason@whitenoisecomms.com +61 (0) 498 189 338 +61 (0) 400 643 799 October 2025 Investor Presentation ASX:PGO pacgold.com.au