The Finocchiaro CLP Government has welcomed PC Gold's announcement that it has commenced trading as a publicly listed company on the Australian Stock Exchange (ASX), marking a major step forward for the Pine Creek gold mining industry, a vote of investor confidence in the Territory and creating new opportunities for jobs, investment, and economic growth.
PC Gold raised $13.35 million through its oversubscribed ASX listing, reflecting strong investor support for the company's growth strategy, the strong commodity price and the Pine Creek region's gold potential.
The funds will advance PC Gold's wholly owned Spring Hill Project, 20 kilometres north of Pine Creek, toward development as an open-pit mining operation, a cornerstone asset with a Mineral Resource of 821,000 ounces of gold.
The Spring Hill Project has an initial five-year mine life with significant potential for growth, and this listing will facilitate the finance required to accelerate exploration and development.
Minister for Mining and Energy Gerard Maley said the Spring Hill Project could deliver around 180 jobs at peak construction and approximately 145 ongoing operational roles.
"This milestone is the latest chapter in the 150-year gold mining legacy in Pine Creek, and will generate investment, royalties, and jobs for Territorians," Minister Maley said.
"The CLP Government has removed red tape and unnecessary regulatory barriers that have previously stifled project development, as part of our year of action, security and certainty. Our message is simple: the Territory is open for business, and we're seeing real confidence in our resources sector."
PC Gold was the recipient of $82,300 in co-funding for drilling at Tats Target at the Spring Hill Project as part of the NT Government's 2025/26 Geophysics and Drilling Collaborations grants program, further supporting PC Gold's development.
Minister Maley highlighted the NT Government's commitment to attract, encourage, facilitate and grow mineral exploration, so Territorians can prosper from the Spring Hill Project.
"The value of the Territory resources sector is $10.2 billion as of the last financial year, and PC Gold's Pine Creek activities will kickstart momentum for other gold investment opportunities in the region. As of June 2025, there are six Pine Creek Projects with approvals in place, or in the approvals process, with several gold projects well advanced towards potential production," Minister Maley said.
"The project's location within the Pine Creek province, home to over 20 million ounces of gold, offers significant expansion opportunities. We are actively working with PC Gold to unlock the project's potential so it can move swiftly into production."
"Gold isn't just for jewellery, it's vital for tech, medicine, space, and telecoms, and the Territory is ready to leverage its vast minerals to become a global resource sector leader."
PC Gold Executive Chair and CEO Ashley Pattison said the ASX listing marked a major milestone for PC Gold and the Pine Creek region.
"We're absolutely thrilled with the response to our ASX listing. To see such strong interest from investors, both institutional and retail, is a real vote of confidence in what we're building and in the enormous potential of the Pine Creek region.
"The support we've had from the Northern Territory Government has been fantastic; they share our vision for unlocking the economic and social benefits this project can bring to the Territory."
"Listing now feels like the right move at the right time. We've put in the hard yards privately, tackled the challenges head-on, and now we're ready to push ahead with development.
"What's really exciting is the scope we have to grow. There's still huge potential to add ounces through exploration across our tenements. With the gold price outlook remaining strong, it's a genuinely exciting time for PC Gold, and for the region as a whole."