PC GOLD LTD — Capital/Financing Update 2025

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26 November 2025
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PC GOLD EXPANDS EUROPEAN INVESTOR ENGAGEMENT

PC Gold completed dual listing on the Frankfurt Stock Exchange in response to growing international investor interest in the Company’s advanced Spring Hill Gold Project in the Northern Territory

HIGHLIGHTS

• Listing on Frankfurt Stock Exchange: PC Gold confirms its dual lis�ng on the Frankfurt Stock Exchange (�cker FSE:D6A), while maintaining a primary lis�ng on the ASX.

• Enhanced access to European investors: The Frankfurt Stock Exchange is the second largest in Europe and broadens PC Gold’s exposure to a deep pool of European ins�tu�onal and retail investors at a �me of unprecedented investor interest in advanced gold minerals projects.

• Broader Global Capital Markets Posi�oning: The dual lis�ng supports the Company’s strategy to broaden access to global capital markets while remaining focussed on advancing PC Gold’s substan�al Spring Hill Gold Project in the Northern Territory which hosts a significant virgin gold deposit that is substan�ally de-risked on the development curve.

• Extensive drill

• program ongoing at the Spring Hill Gold Project with 3 drill rigs deployed and working through to April 2026[1] .

PC Gold Limited (ASX: PC2) ( the Company investor engagement with a dual lis�ng on the Frankfurt Stock Exchange and the appointment of General Research GmbH, led by Dr Georg Hochwinner, as the Company’s European investor rela�ons adviser.

European gold investors are a logical target for PC Gold, given the advanced status of the Company’s Spring Hill gold project, its substan�al scale and the appeal of gaining exposure to a quality gold project located in a stable, well-regulated jurisdic�on.

Management Commentary:

Execu�ve Chair, Ashley Pa�son said: “Since comple�ng our IPO on 21 October 2025, we have seen a steady increase in interest from European investors seeking exposure to advanced gold projects in stable jurisdic�ons.

“Our Frankfurt dual-lis�ng provides these investors with a convenient pathway to trade PC Gold shares in their local �me zone, increasing visibility and making it far easier for European capital to engage with the Company.

1 Refer ASX Announcement - Visible Gold Intersected in Drill Core at Spring Hill dated 21 October 2025

U38/460 Stirling Hwy, Peppermint Grove WA 6011 Australia e. [email protected] t. 08 6313 3996

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“Our advanced Spring Hill Gold Project is very well posi�oned to become a large-scale gold asset. We have already achieved several key milestones that support our progression toward development, including a granted mineral lease, an approved AAPA cer�ficate for heritage surveys, and environmental approval to commence open pit mining using third-party processing

“We look forward to working with Dr Georg Hochwinner and welcoming new European shareholders to the register.

No new shares were issued in connec�on with the dual lis�ng on the Frankfurt Stock Exchange. The Australian Securi�es Exchange (“ASX”) will con�nue to be PC Gold’s primary exchange.

-END-

This release is authorised by the Board of Directors of PC Gold Limited.

For further informa�on visit our website at pcgold.com.au or contact:

Ashley Pa�son Paul Berson - Investor Rela�ons Execu�ve Chairman T: +61 (0) 421 647 445 E: [email protected] E: paul@corporatestory�me.com

About PC Gold

PC Gold Limited is a gold explora�on and development company focused on unlocking the full poten�al of its flagship Spring Hill Gold Project in the Northern Territory. With a Mineral Resource Es�mate reported in accordance with the JORC Code of 25.6Mt @ 1.0g/t Au, a strong balance sheet, and a highly experienced team, PC Gold is execu�ng a clear strategy to transi�on Spring Hill toward produc�on.

The Spring Hill Project is a virgin gold system hos�ng mineralisa�on within granted mining leases, with environmental approvals already in place to commence open-pit mining. This posi�ons PC Gold to move swi�ly through development milestones.

The Company is advancing Spring Hill through a dual-stream strategy:

• Aggressive extensional explora�on to grow the global Spring Hill Resource inventory.

All modifying factors required for future development — including mining, metallurgy, infrastructure, and permi�ng — are being progressed in parallel, to ensure a streamlined path toward feasibility and produc�on.

U38/460 Stirling Hwy, Peppermint Grove WA 6011 Australia e. [email protected] t. 08 6313 3996

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A breakdown of the Spring Hill Mineral Resource Estimate by category and various Cut Off Grades ( COG ) is as follows:

Notes :

1. Figures may not add up due to rounding.

2.

3. All Mineral Resources have been depleted by surface trial mining and Underground Adits.

4. Grade Capping has been applied to high grade outliers. Each domain has been capped based on their unique geology and grade distribution.

5. No minimum mining SMU parameters applied to the Mineral Resources.

6. The average bulk density is assigned based on average mean values by weathering type: oxide = 2.57 g/cm3; transition = 2.69 g/cm3; Fresh = 2.77 g/cm3.

7. The Mineral Resource was estimated in accordance with the JORC Code.

Competent Person's Statement

Past Explora�on Results and Mineral Resource es�mates reported in this announcement were first reported by the Company in accordance with ASX Lis�ng Rules 5.7 and 5.8 in its Prospectus lodged with ASIC and dated 13 August 2025 (as amended by the Supplementary Prospectus lodged with ASIC and dated 10 September 2025) (the Prospectus ). The Company confirms that it is not aware of any new informa�on or data that materially affects the informa�on included in the Prospectus and that in the case of the Mineral Resource es�mates, that all material assump�ons and technical parameters underpinning the es�mates in the Prospectus con�nue to apply and have not materially changed. The Company confirms that the form and content in which the Competent Person's findings are presented here have not been materially modified from the Prospectus. Refer to the Prospectus for further informa�on.

Disclaimer

This release may include forward-looking statements. These statements are based on PC Gold management’s expecta�ons and beliefs concerning future events as of the �me of the release of this announcement. Forward-looking statements are necessarily subject to risks, uncertain�es and other factors, some of which are outside the control of PC Gold, which could cause actual results to differ materially from such statements. PC Gold makes no undertaking to subsequently update or revise the forward looking or aspira�onal statements made in this release to reflect events or circumstances a�er the date of this release, except as required by applicable laws and the ASX Lis�ng Rules.

U38/460 Stirling Hwy, Peppermint Grove WA 6011 Australia e. [email protected] t. 08 6313 3996