Capital Raising
OPEN
PC Gold
Fully permitted near term gold producer
INDUSTRY
Resources
RAISING
A$1.25M
PRE-MONEY VALUATION
A$30.2M
OFFER PRICE
A$1.00
MINIMUM INVESTMENT
A$50,000
Investment Highlights
Company Overview
Transaction Overview
Team
Transaction Summary
PC Gold
Raising A$1.25M
Pre-money Valuation A$30.2M
Investment Highlights
1Moz gold resource with substantial exploration upside
Fully permitted for mining on a granted mining license
Initial mine plan is targeting production of +250koz over 5 years
Ongoing exploration to focus on historical drilling within one of the largest mining leases located in the Northern Territory
Company Overview
Resources have grown from 200,000oz to 1Moz under the current board and ownership
Funding now being sought to complete formal mine studies with a decision to mine to be made in early 2024
Very experienced mining board and management with vast experience in mine development and operations
Private equity backed unlisted public company
PC Gold is an unlisted public company that owns 100% of the Spring Hill Gold Project located in the Pine Creek region of the Northern Territory, Australia.
To date, more than 4Mozs of gold have been mined from the Pine Creek region and today the region is also home to one of the largest undeveloped gold projects in Australia, the Mt Todd gold mine.
More than $26M has been spent on the Spring Hill project by multiple owners, with PC Gold owning the project for the last 7 years.
An existing JORC resource of 1Mozs of gold supports an additional exploration target of + 1Moz for the Spring Hill gold project, all within one of the largest mining leases in the Northern Territory.
The Project is however fully permitted for mining today with all approvals required in place.
Previous Funding
Previously raised A$12M from private investors over the last 6 years. Prices have been at $0.20, $0.70 and $0.85 as exploration and permitting milestones have been achieved
Main shareholder RIVI Capital LLP is a precious metal private equity fund from the US – 28%
Board and management control 44% and have participated in all raises to date
Transaction Overview
Terms of offer:
Seeking to raise up to A$1.25M in new equity at an issue price of A$1 per share.
20%
Open pit feasibility study with Entech Mining
12%
Underground scoping study with Entech Mining
12%
Open pit grade control drilling
56%
Costs of raise and working capital
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