Pilbara Gold's (PGL) 50,000m Drill Plan: Chasing the Next De Grey? - MD Peter Turner
LEVRD5 Juni

Pilbara Gold's (PGL) 50,000m Drill Plan: Chasing the Next De Grey? - MD Peter Turner

In this episode of LEVRD, Matt sits down with Pilbara Gold CEO Peter Turner to discuss the company's strategy to aggressively grow its existing 2-million-ounce gold resource through a planned 50,000-metre drilling campaign.


The conversation explores why management believes the project still has significant upside, the geological similarities to other major Pilbara gold discoveries, and whether Pilbara Gold can follow a path similar to De Grey Mining's transformation from explorer to major gold development story.


Topics discussed include:


- Overview of Pilbara Gold and its flagship project


- The existing 2Moz gold resource and where it sits today


- Why the company is committing to a 50,000m drilling program


- Priority targets for resource growth


- Geological similarities and differences versus De Grey's Hemi discovery


- Potential for multiple deposits and a larger district-scale gold system


- What success looks like from the upcoming drilling campaign


- Key catalysts investors should watch over the next 12 months


- Funding, balance sheet and development pathway


If you're interested in ASX gold stocks, Western Australian gold discoveries and the next generation of development stories, this interview provides a deep dive into one of the more interesting gold exploration stories currently emerging in the Pilbara.


(0:00) PREVIEW


(0:32) Comparison to De Grey by Simon Lill


(2:45) Mt York history


(5:45) Current 2moz resource


(7:40) Is it refractory?


(13:80) Banded Iron Formation overview


(17:20) How big would this project be?


(19:30) Where will the resource growth come from?


(23:01) Zhaojin on register


(24:48) Balance sheet


(30:15) Early native title agreement


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