# PC2: PC Gold Secures Control of Spring Hill Development Footprint

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149832

Publisher: asx

Original announcement: 2026-10-07T21:22:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-07T22:21:45.524Z

Atlas analysis updated: 2026-10-07T22:21:45.524Z

- Company: PC Gold Limited

- Ticker: PC2

- Exchange: ASX

- Region: Northern Territory

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Agreement transaction, Resource update

- Extracted: 2026-10-07 22:21:46 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

PC Gold has entered a binding agreement to acquire the remaining third-party mining leases and a water license within its Spring Hill Gold Project in the Northern Territory for A$6.5 million, funded by cash and shares. This acquisition, along with a new 443ha mining lease application, consolidates the project's development footprint, simplifying permitting and de-risking project financing. The company will assume rehabilitation obligations and gain an established operating permit, positioning Spring Hill for accelerated development.

Reasoning: PC Gold has secured full control of the Spring Hill development footprint through a binding agreement to acquire existing mining leases and a water license, and has lodged an application for a new mining lease. This significantly de-risks the project's permitting, approvals, and financing pathway, and is fully funded. The document also presents a JORC-compliant Mineral Resource Estimate with clearly disclosed cut-off grades.

- Positive factor: Consolidates development footprint

- Positive factor: De-risks permitting and financing

- Positive factor: Secures strategic ground for infrastructure

- Positive factor: Includes permitted water supply

- Positive factor: Fully funded acquisition

- Positive factor: Expands mining lease footprint

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Subject to Ministerial approval

- Negative factor: Assumes rehabilitation obligations

- Negative factor: Mining Lease application subject to approval

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 19

## Classification and evidence

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: Mineral Resource Estimate reported in accordance with the JORC Code

Evidence · text

> Mineral Resource Estimate reported in accordance with the JORC Code

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Mr Peter Harris, a Competent Person who is a Member of the Australian Institute of Geoscientists, consents to the inclusion of information in this announcement.

Evidence · text

> Information in this announcement that relates to exploration results is based on and fairly represents work undertaken by Mr Peter Harris, a Competent Person who is a Member of the Australian Institute of Geoscientists.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The Mineral Resource Estimate table clearly states cut-off grades for each reported category and tonnage.

Evidence · table

> COG

Context: Tonnes \(Mt\)

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents an existing Mineral Resource Estimate for the Spring Hill Gold Project.

Evidence · text

> With a Mineral Resource Estimate reported in accordance with the JORC Code of 43.6Mt @ 1.1g/t Au for 1.5Moz Au

## Extracted facts

Stored fact records: 14. Some facts used in scoring do not have a stored record.

## Resource Estimates (14)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-5)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:bd9952b6dd9409a06efd
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 120900000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 1509000
- Contained Unit: oz
- Cutoff Grade: 0
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0 g/t cut-off provides a large tonnage base with economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 120.9

Context: 0.4

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-6)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:68cbed916f9178acf58f
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 88800000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 938000
- Contained Unit: oz
- Cutoff Grade: 0
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0 g/t cut-off provides a large tonnage base, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 88.8

Context: 0.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-7)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:f64a1fd5d161feae1c28
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 47300000
- Grade: 0.8
- Grade Unit: g/t
- Contained Metal: 1234000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0.3 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 47.3

Context: 0.8

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-8)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:115221961777fdd0f71e
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 28600000
- Grade: 0.7
- Grade Unit: g/t
- Contained Metal: 681000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0.3 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 28.6

Context: 0.7

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-9)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:423ccd50934113647cf7
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 35600000
- Grade: 0.9
- Grade Unit: g/t
- Contained Metal: 1114000
- Contained Unit: oz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0.4 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 35.6

Context: 0.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-10)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:4a23b1b05dd731988e97
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 19100000
- Grade: 0.9
- Grade Unit: g/t
- Contained Metal: 573000
- Contained Unit: oz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0.4 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 19.1

Context: 0.9

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-11)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:fb333a97cc19b0a25544
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 28800000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 1003000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0.5 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 28.8

Context: 1.1

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-12)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:cbf4716d60cdb8feefd0
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 14700000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 510000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0.5 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 14.7

Context: 1.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-13)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:fec427acf31912ccf9d5
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 22600000
- Grade: 1.2
- Grade Unit: g/t
- Contained Metal: 892000
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0.6 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 22.6

Context: 1.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-14)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:28b2fee643077cc3d2c1
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 11400000
- Grade: 1.2
- Grade Unit: g/t
- Contained Metal: 451000
- Contained Unit: oz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0.6 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 11.4

Context: 1.2

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-15)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:9d8053d69e93c9395bbe
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 17600000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 789000
- Contained Unit: oz
- Cutoff Grade: 0.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 0.7 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 17.6

Context: 1.4

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-16)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:5f176575569b5e319efa
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 9200000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 404000
- Contained Unit: oz
- Cutoff Grade: 0.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 0.7 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 9.2

Context: 1.4

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-17)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:049f228baed0be63bd42
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 9300000
- Grade: 1.9
- Grade Unit: g/t
- Contained Metal: 568000
- Contained Unit: oz
- Cutoff Grade: 1
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Indicated resource at a 1 g/t cut-off shows high-grade economic potential for an open-pit scenario, reported under JORC with QP sign-off.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 9.3

Context: 1.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/pc2-pc-gold-secures-control-of-spring-hill-development-footprint--0babe171-4796-4cb9-8a42-bd3de15d976d#fact-resource-facts-18)

Spring Hill Gold Project · gold

#### Identity

- Project: Spring Hill Gold Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory
- Ticker: PC2

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Mr Peter Harris
- Resource group id: resource:79f0c84666b866e3659b
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 5100000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 295000
- Contained Unit: oz
- Cutoff Grade: 1
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2026-10-08

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: This Inferred resource at a 1 g/t cut-off shows high-grade economic potential, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 5.1

Context: 1.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.