Pacgold (ASX:PGO) Spins Out 1.33Moz of North Queensland Gold Into an Emerald-Backed Vehicle

Pacgold to spin out QLD gold assets into Emerald Resources-backed IPO

Pacgold Ltd will demerge its Qld gold assets into the IPO-bound vehicle Manda Resources, creating a new 1.33Moz gold exploration play, backed by the $4B giant Emerald Resources.

Pacgold (ASX:PGO) spins out 1.33Moz of North Queensland gold into an Emerald-backed vehicle

Shareholders get Manda paper, a $9m pre-IPO and a cleaner path to White Dam cash flow Pacgold (ASX:PGO) has signed a binding term sheet to demerge its North Queensland exploration assets into Manda Resources, a new vehicle backed by Emerald Resources (ASX:EMR). The Alice River and St George projects go into Manda, which simultaneously acquires Territory Minerals to add the Tregoora, Northcote, Atric and Reedy projects. The combined entity will h…

Minrex Resources spinning the bit at Barje deposit in southern Serbia

Fully funded 2026 drilling program at the Barje deposit Barje the cornerstone of company’s flagship Tlamino gold project Significant intercepts reported from previous drilling at Barje Fully funded 7,000m drilling program underway Minrex Resources (ASX:MRR) is targeting a resource upgrade with drilling within the North-Eastern contours of the Barje deposit in the cornerstone of the Tlamino gold project in Serbia. Listen to the HotCopper podcast …