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ACDC Metals Ltd (ASX:ADC)

ALERT: Price-sensitive ASX Announcement for ADC
Current share price for ADC : $0.046 -0.001 (-2.13%)+
Announcement
Release
9 Jun 2026 9:44AM
Price at Release
$0.047
Full Release
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Summary
ACDC Metals Ltd announced the initial surface results from the Mount Jackson project in Nevada, confirming the presence of gold and copper mineralization. The assay results from rock samples indicated significant gold and copper grades, particularly in the Pegasus Zone with gold values ranging from 0.54 g/t to 2.35 g/t, and in the 3 Shaft Zone where copper reached 14.9%. The company plans extensive sampling and drilling programs for the latter half of 2026 to further explore these findings. The airborne geophysical survey data received is under interpretation to refine drilling targets. Additionally, the company is raising funds through a rights issue to support ongoing exploration efforts.
Key Points
  • Initial surface results from Mount Jackson confirm gold and copper mineralization.
  • Rock chip results include up to 2.35 g/t gold in the Pegasus Zone.
  • A significant copper result of 14.9% was found in the 3 Shaft Zone.
  • ACDC Metals plans further sampling and a maiden drilling program in Q4 CY2026.
  • An airborne geophysical survey was completed and is being analyzed to identify drilling targets.
  • A 1:3 rights issue is underway to raise up to $1.56 million.
  • The company is well positioned financially to conduct its exploration program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.