PACGOLD LIMITED — AGM Information 2021

Nov 25, 2021

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Alice River Gold Project ASX : PGO

AGM PRESENTATION – 26[th] November 2021

Cautionary Statement

Disclaimer & competent persons statement

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 you or any other party may require to evaluate the prospects of PGO.

NO RELIANCE

The information contained in this presentation is not investment, tax, accounting, legal or financial product advice and is not intended to be used as the basis for making any investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. To the fullest extent permitted by law, PGO, its related bodies corporate and their representatives expressly disclaim liability for any loss or damage arising in respect of your reliance on the information contained in this presentation (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

EXCLUSION OF REPRESENTATIONS OR WARRANTIES

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of PGO's directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making any investment decision, you should consider whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. You should seek professional advice from your accountant, financial adviser, stock broker, lawyer or other professional adviser before making any investment decision.

FORWARD LOOKING INFORMATION

Certain statements in this presentation constitute “forward looking information” that is based on expectations, estimates and projections as of the date of this presentation. This forwardlooking information includes, among other things, statements with respect to PGO’s business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, and exploration results. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’,’ believe’, ’estimate’, ‘expect’, ’intend’, ’may’, ’would’, ’could’, ’should’, ’scheduled’, ’will’, ’plan’, ’forecast’, ’evolve’ and similar expressions. These statements are subject to risks and uncertainties. The forward looking information should not be relied upon as representing the view of PGO after the date of this presentation. PGO has attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in the forward looking information. There can be no assurance that the forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward looking information. PGO disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law.

EVENTS AFTER THE DATE OF THIS DOCUMENT

COMPETENT PERSONS STATEMENT

The information in this document that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr Tony Schreck, who is a Member of The Australasian Institute of Geoscientists. Mr Schreck is PGO’s Managing Director and holds shares and options in PGO.

Mr Schreck has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Mr Schreck consents to the inclusion in the public report of the matters based on his information in the form and context in which it applies.

Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. PGO is not responsible for updating nor undertakes to update this presentation.

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Company Snapshot – ASX: PGO

Tight Capital Structure

Capital Structure

A$0.50 A$24.6M Share Price Market Cap @ 25/11/21 @ A$0.50 / Share 49.3M A$20.0M Ordinary Shares Enterprise Value 5.5M A$4.6M Unlisted Options Cash Balance @ 36c and 46c @ 30/09/21

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Shareholders
Top 20
37%
Other
37%
Directors /
Management
13% Top 20 Institutional Investors
13%
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Key Facts

• Only 49.3M shares on issue

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• Strong institutional support:
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$0.50
IPO LISTING 08/07/21
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Investment Highlights – Unlocking an Entire Gold Corridor PACGOLD LIMITED (ASX:PGO)

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New large-scale, high-grade target zone identified - not previously drilled

• Substantial thickening of gold zone below open pit, and 100m below previous drilling

• 26m @ 3.6g/t Au from 104m incl. 3m @ 21.0g/t Au from 126m

• 93m @ 0.8g/t Au from 131m

Excellent early success targeting the IP geophysics to intersect new Au zones – drilling focus initially along 4km strike (results pending)

• 6,500m drilling programme underway with 2 rigs on site - results received

for first 5 holes of a 40 hole programme (in progress)

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OPERATING AIRSTRIP
FRESH WATER DAM
CAMP
AQ OPEN PIT
PREVIOUS GOLD MILL CIRCA 2000
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Alice River Gold Project Overview Acquisition & Mining History

• Limited exploration over past 20 years (held by private company / prospector) – Pacgold acquired the project from a deceased estate in Dec 2020

• Overlooked opportunity – Pacgold achieving rapid success applying modern exploration

• Pacgold owns the project 100% - Minimal upfront payments - success milestone payments linked to JORC indicated resource definition and a 2% NSR.[1]

• Targets secured under 8 granted Mining Leases and 5 granted EPMs

Mining History

Late 1990’s

Late 1980’s

1900’s

Open pit mining to 40m, Colluvial & alluvial ore, 30,000oz @ 5.6g/t Au 3,000oz Au @ 2.5g/t Au

Several underground mines up to 40m deep over 3km, 3,000oz Au @ 30g/t Au

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1980’s – 1990’s campaigns - Gold produced via Carbon in Pulp (CIP) processing

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1 Full acquisition terms are detailed in Pacgold's IPO Prospectus dated 25 May 2021 - ASX release 06/07/2021

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5

Central Target

Excellent early success targeting new IP geophysics – resistivity lows defining mineralised shears

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Section A-A’
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Central Target

Excellent early success targeting new IP geophysics – resistivity lows defining mineralised shears

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Section B-B’
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Central Target – Long Section

Gold mineralisation open along strike and at modest depth

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Southern Target Northern Target High-grade gold in limited previous shallow drilling Defining new extensions

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6m @ 4.5g.t Au from 22m
(RAB hole)
Northern Target
2.5km extension of
Alice River Shear
Zone
Central Target
Oblique view
looking north
Resistivity IP 2D
Models
Southern Target
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Project Pipeline – Regional Structures Excellent regional prospectivity - scalability to significantly expand

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6m @ 1.1g/t Au
6m @ 2.7g/t Au
10m @ 1.7g/t Au
6m @ 12g/t Au
30m @ 0.7g/t Au
6m @ 8.1g/t Au
2m @ 1.0g/t Au
20m @ 0.4g/t Au
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Experienced Board & Management

Discovery | Project Financing | Mine Development

Cathy Moises Non-Exec Chair

Geologist with over 30 years in resource finance industry including senior roles for several of the most prominent stock broking firms in Australia and currently a Director for ASXlisted companies (ASX: ARU, APC, WAK, PLG and POD).

Michael Pitt Non-Exec Director

Co-founder of New Century Resources, playing an instrumental role in the restart of the Century zinc mine combined with a strong background in chemical engineering, project financing / management and business development.

Shane Goodwin Non-Exec Director

Extensive experience in mining corporate affairs and external relations for New Century Resources, MMG and Barrick Gold. Currently a Director of the Aboriginal Developments Trust (Gulf of Carpentaria).

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Tony Schreck Managing Director

Geologist with over 30 years of precious and base metal exploration, business development and discovery experience (Australia and overseas) combined with extensive ASX-listed corporate management. Graduate Australian Institute of Company Directors.

Geoff Lowe Exploration Manager

Geologist with over 35 years of precious and base metal exploration, business development, project management and mining services experience in Australia and internationally.

Suzanne Yeates CFO & CS

Chartered accountant with over 20 years’ experience as Chief Financial Officer and Company Secretary for many private and ASX-listed companies including ASX: NVX, CML, GAS, IHR and CTD.

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Unlocking an Entire Gold Corridor New ideas, modern exploration and an overlooked opportunity

Rapid exploration success using modern exploration - high-grade gold project overlooked for 20 years

New large-scale, high-grade target zone identified

• Significant thickening of gold zone intersected in initial drilling – 26m @ 3.6g/t Au from 104m incl. 3m @ 21g/t Au from 126m

• Potential to greatly accelerate towards resource definition through further drilling

• Alice River shear zone now defined by new IP geophysics over 4km - excellent targeting success

Large drill programme in progress (6,500m) – strong results news flow

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Managing Director

WWW.PACGOLD.COM.AU