PC Gold Recruits Billion-Dollar Mine Builders to Lead Spring Hill Development Push [VIDEO]
PC Gold has appointed Rick Clark — the man behind Kinross's US$7.1 billion Red Back Mining acquisition — and mine builder Matthew Scully to its board as the Spring Hill Gold Project advances toward a Prefeasibility Study for a 3Mtpa CIL plant.
Key Takeaways
- PC Gold has appointed Rick Clark — architect of the US$7.1 billion Kinross acquisition of Red Back Mining — and Matthew Scully, who delivered over A$500 million in gold projects ahead of schedule and under budget, as Non-Executive Directors to lead the Spring Hill development push.
- The Spring Hill Gold Project holds a 1.5Moz Au JORC resource at 43.6Mt and 1.1g/t Au, with a Prefeasibility Study for a 3Mtpa CIL processing plant currently in progress.
- Performance rights issued to the new directors vest only if the share price reaches $1.75 VWAP over 60 days, the resource grows to 2.5Moz Au, and a feasibility study delivers NPV above $1 billion — directly aligning director incentives with shareholder outcomes.
- Spring Hill already holds granted mining leases and environmental approvals for open-pit mining and underground refurbishment, removing a key regulatory risk at this stage of development.
- Non-Executive Directors John Menzies and John Lewis depart effective 25 August 2026, with Lewis continuing as Company Secretary until a replacement is appointed.
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