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Australian Gold and Copper Ltd (ASX:AGC)

ALERT: Price-sensitive ASX Announcement for AGC
Current share price for AGC : $0.135 -0.065 (-32.50%)+
Announcement
Release
13 Oct 2025 8:19AM
Price at Release
$0.200
Full Release
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Summary
Australian Gold and Copper Ltd (AGC) announced significant results from their ongoing exploration activities at the Achilles deposit in the South Cobar Project, NSW. New reverse circulation drilling results, including a standout intersection of 29 meters at 370g/t silver equivalent (AgEq), have extended the high-grade silver and gold mineralisation further down plunge. This includes a notable section of 5 meters at 1,204g/t AgEq. The newly identified high-grade zone is close to the surface and extends 150 meters down plunge, confirming Achilles as a promising target for further exploration. The results show strong potential for future depth extensions, with diamond drilling currently underway. AGC's exploration strategy includes evaluating the impact of high copper content in the mineralisation for future metallurgical testing to enhance project value.
Key Points
  • 29m at 370g/t AgEq including 5m at 1,204g/t AgEq.
  • New results extend the high-grade zone by 150m down plunge.
  • Diamond drilling is currently in progress to probe deeper extensions.
  • The recent findings improve the potential of the Achilles deposit as a high-grade target.
  • High copper content noted, not yet included in AgEq calculations, but considered for future testing.
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.