Pc Gold Ltd. · ASX:PC2
Pc Gold — Investor Presentation (February 2026)
20 slides from Pc Gold's investor presentation, February 2026
Slide 1: PC Gold Ltd Investor Presentation February 2026
Not for release to US wire services or distribution in the United States PC GOLD LTD INVESTOR PRESENTATION FEBRUARY 2026 PC Gold Limited ACN 609 609 047 ASX:PC2 FSE: D6A 1 PC GOLD INVESTOR PRESENTATION ASX: PC2 1
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS IPO Objectives Exceeded – New Growth Targets Identified Expanded focus on resource growth - High grade UG targets and additional Open Pit Targets warranting accelerated work in 2026 Robust 821 Koz Au Mineral Resource (424 koz Au Indicated)1 +10,000m of res def drilling to be in
Slide 3: Capital Structure, Shareholders and Share Price Performance
CAPITAL STRUCTURE SHAREHOLDERS 28.2% Institutional 18.6% Management 2 Rivi Opportunity Fund 2 Share Price (13-Feb-25) Cash3 Other – ~900 shareholders $0.74 $32M 30.4% 22.8% SHARE PRICE PERFORMANCE Price ($) Volume (m) Shares on Issue Market Cap $0.80 10.0 311M $230M $0.70 $0.60 9.0 8.0 7.0 1,2 $0.50
Slide 4: 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 Anthony Benn Peter Harris Geoffrey Eupene Wei Li CHIEF OPERATING GM – MINE GEOLOGY GM – EXPLORAT
Slide 5: Spring Hill Gold Project within Pine Creek Goldfield
SPRING HILL GOLD PROJECT SPRING HILL WITHIN PINE CREEK GOLDFIELD • +20 Moz Pine Creek goldfield, Northern Territory - a world-class gold province. • Three new CIL plants permitted for construction in the past 18 months. Idle 2.4Mt pa Union Reef plant 26km by road. • Established regional infrastructu
Slide 6: 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 Pine Creek gold field. • Multi-Zone System Ready for Expansion four key zones defined across a +5km mineralised corridor to the North of the current MRE. • Bulk Tonnag
Slide 7: 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. Hong Kong remains open
Slide 8: Photon Assay / Met Programs
PHOTON ASSAY / MET PROGRAMS Photon Assay results support potential grade upside across the MRE and exploration targets Potential Grade Under Call Bulk Sample Metallurgical Program Implications for future • PC Gold has conducted a substantial amount of 13,250t bulk sample of mullock and free-dig ore
Slide 9: Macau Resource Definition Drilling Exceeding Expectations
SPRING HILL GOLD PROJECT MACAU RESOURCE DEFINITION DRILLING EXCEEDING EXPECTATIONS Phase 1 Resource Definition Drilling Results / More than 3,500 assays still pending • 26 drill holes for 7,137m completed targeting mineralisation immediately beneath the planned open pit: • 31m @ 1.92g/t Au from 75 m
Slide 10: Macau / Hong Kong High Grade Zone Discovered
SPRING HILL GOLD PROJECT MACAU / HONG KONG HIGH GRADE ZONE DISCOVERED Phase 1 Resource Definition Drilling Results • The HG Macau / Hong Kong Zone has now been tested by five diamond holes over a 225m strike length, with all holes intersecting visible gold within a hematite–magnetite unit traceable
Slide 11: Re-opening of Historical Underground Mine Adit
SPRING HILL GOLD PROJECT RE OPENING OF HISTORICAL UNDERGROUND MINE ADIT • Approvals secured to re-open the historical Spring Hill underground adit that extends approximately 427m and transects the Eastern, Middle and Main Lodes of mineralisation • Underground access enables the rapid assessment of h
Slide 12: New Macau Extension Identified in Step Out Drilling
SPRING HILL GOLD PROJECT NEW MACAU EXTENSION IDENTIFIED IN PHASE 1 STEP OUT 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
Slide 13: 2026 Work Program: Drilling and Major Resource Update
SPRING HILL GOLD PROJECT 2026 WORK PROGRAM DRILLING – 45,000m in 2026 MAJOR RESOURCE UPDATE Three rigs currently operating (two Diamond, one RC), driving rapid resource Updated Mineral Resource Estimate targeted for mid-2026, underpinning growth and resource conversion. More to be added. a long-term
Slide 14: 2026 Work Program: Feasibility Study Work
SPRING HILL GOLD PROJECT 2026 WORK PROGRAM FEASIBILITY UNDERGROUND / STUDY WORK HIGH GRADE POTENTIAL Approval granted to re-open the historical underground adit, creating a Processing plant at PFS level; remaining workstreams advancing to DFS new high-grade exploration opportunity Early underground
Slide 15: Investment Summary
INVESTMENT SUMMARY IPO Objectives Rapidly Exceeded – New Growth Targets Identified Expanded focus on resource growth - High grade UG targets and additional Open Pit Targets warranting accelerated work in 2026. Robust 821 Koz Au Mineral Resource (424 koz Au Indicated)1 +10,000m of res def drilling to
Slide 16: De-risked and Ready
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 17: 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 INVESTOR PRESENTATION ASX: PC2 17
Slide 18: 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 19: Disclaimer & Competent Persons Statement
19 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 General read this carefully before making any use of this presentation or any information contained in this
Slide 20: Disclaimer & Competent Persons Statement (cont.)
DISCLAIMER & COMPETENT PERSONS STATEMENT (cont.) COMPETENT PERSONS STATEMENT – RESOURCES COMPETENT PERSONS STATEMENT – EXPLORATION TARGET The information in this presentation that relates to the estimation and reporting of Mineral Resources The information in this Presentations that relates to Explo