Pacgold’s St George Project Emerges Amid Global Antimony Supply Crunch

Initial Drilling Success at St George

Pacgold Limited (ASX – PGO) has announced promising initial assay results from its maiden reverse circulation (RC) drilling campaign at the St George Gold-Antimony Project in northeast Queensland. The first two holes of a nine-hole, 826-metre program have intersected multiple thick, continuous structures carrying high-grade antimony, including a standout 1-metre interval grading 11.9% antimony (Sb) from 22 metres downhole. These results validate the presence of significant mineralisation beneath the surface, confirming that historic workings represent only a small part of a much larger mineralised system.

A Province-Scale Antimony Opportunity

The St George Project now emerges as a newly defined antimony province, with geochemical anomalies and mapped mineralisation extending over 20 kilometres of strike within the tenement package. This extensive corridor includes the St George mine itself, as well as the Ridgeline and Fence prospects, all showing strong potential for further discoveries. The initial drilling focused on testing the depth extent of high-grade surface samples and has confirmed continuity within multiple quartz vein structures, some containing visible stibnite, the primary antimony sulphide mineral.

Strategic Metal in a Tight Market

Antimony is increasingly recognised as a critical metal, essential for energy transition technologies and military applications. With global supply heavily reliant on China, prices for ex-China antimony have sustained levels around US$50,000 per tonne, underscoring the metal’s strategic importance. Pacgold’s St George Project is well positioned to capitalize on this market dynamic, offering a rare opportunity to develop a significant new source of antimony outside of China.

Next Steps and Outlook

Assay results from the remaining seven drill holes are expected early in 2026, which will provide a clearer picture of the mineralisation’s extent and grade continuity. Meanwhile, Pacgold is advancing plans for further drilling at the Fence and Ridgeline prospects, alongside ongoing surface sampling at the Big Watson epithermal target. These efforts aim to systematically unlock the full potential of this emerging antimony district.

Managing Director Matthew Boyes highlighted the significance of these early results, emphasizing the scale of the opportunity and the company’s intent to rapidly advance exploration and development activities in response to the favourable market outlook.