Pacgold : The Australian Gold Conference Investor Presentation

ersonal use only

Unlocking an Entire Gold Corridor

Alice River Gold Project

15 June 2022 - The Australian Gold Conference	ASX : PGO
Investor Presentation

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 onlydoes 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 c ntained 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 usepr sentation. 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 a umed 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 forward- ersonalooking information includes, among other things, statements with respect to PGO's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, t rgets 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 ide tify 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

inf rmation, estimates, or options, future events or results or otherwise, unless required to do so by law.

EVENTS AFTER THE DATE OF THIS DOCUMENT

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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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.

Investment Highlights - Unlocking an Entire Gold Corridor

PACGOLD LIMITED (ASX:PGO)

only	Alice River Gold Project - Outstanding success applying modern
	exploration to an overlooked gold asset
	• High-grade discovery on the F1a zone (Central Target)
use		• 17m @ 9.3g/t Au from 192m incl. 3m @ 25.3g/t Au from 195m1
	• 43m @ 3.0g/t Au from 214m incl. 6m @ 17.5g/t Au from 216m1
		• Drilling success to date has created an excellent platform to build a
ersonal		substantial resource base
Aggressive drilling programme underway - targeting maiden JORC
	resource
		• 80% Exploration growth and step out drilling to expand F1a discovery
		• 20% Regional pipeline drilling - priority target defined over 30km
ASX: PGO | 3	1Source: PGO ASX 12 Jan 2022 and 14 Feb 2022

Company Snapshot - ASX : PGO

Best performing gold IPO on the ASX for 20211

onlyCapital Structure

A$0.65

Share Price

@ 10 June 22

use66.8M

Ordinary Shares

5.5M

ersonalUnlisted Options @ 31c, 36c and 42c

ASX: PGO | 4

A$43.4M

Market Cap

@ A$0.65 / Share

A$31.1M

Enterprise Value

A$12.3M

Cash Balance

• 31 March 22 incl. Capital Raise (excl. fees)

Share Price

IPO 25c

Shareholders

Top 20

27%

Other

41%

Directors / Management	Top 20 Institutional
11%	21%

1Source: Austex Resource Opportunities - 14 Feb 2022 presentation

Key Facts

• Only 66.8M shares on issue
• Strong institutional support:

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FRESH WATER DAM

CAMP

OPERATING AIRSTRIP

AQ OPEN PIT

PREVIOUS GOLD MILL CIRCA 2000

Alice River Gold Project Overview

Mining History

• Limited exploration over past 20 years (held by private company) - Pacgold acquired the project 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% NSR2
• Targets secured under 8 granted Mining Leases and 5 granted EPMs

Mining History

1900's	Late 1980's	Late 1990's
Several underground mines	Open pit mining to 40m,	Colluvial & alluvial ore,
up to 40m deep over 3km,	30,000oz @ 5.6g/t Au	3,000oz @ 2.5g/t Au
3,000oz @ 30g/t Au

1980's - 1990's campaigns

Gold produced via Carbon in Pulp (CIP) processing

ASX: PGO

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2 Full acquisition terms are detailed in Pacgold's IPO Prospectus dated 25 May 2021 - ASX release 6 Jul 2021