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Australian Gold and Copper Ltd (ASX:AGC)

ALERT: Price-sensitive ASX Announcement for AGC
Current share price for AGC : $0.115 -0.115 (-50%)+
Announcement
Release
11 Dec 2025 11:41AM
Price at Release
$0.230
Full Release
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Summary
Australian Gold and Copper Ltd (AGC) has announced its initial Mineral Resource Estimate (MRE) for the Achilles deposit in the southern Cobar mining district, NSW. The MRE confirms a total of 10.3 million tonnes at 116g/t silver equivalent (AgEq) for 38.5 million ounces AgEq. This includes 5.0 million tonnes of Indicated Resources at 141g/t AgEq and 5.3 million tonnes of Inferred Resources at 93g/t AgEq. The resource is divided into open pit and underground resources, with cut-off grades of 40g/t AgEq and 80g/t AgEq, respectively. The Achilles discovery, characterized by its shallow, silver-dominant mineralization, remains open at depth, with additional drilling planned for future expansion. The MRE is part of AGC's strategy to develop significant precious and base-metal resources in the South Cobar region. The company also plans further drilling at Browns Reef – Evergreen deposit and anticipates updates to the MRE as additional drill results become available.
Key Points
  • Initial Mineral Resource Estimate for Achilles: 10.3Mt at 116g/t AgEq for 38.5Moz AgEq.
  • Indicated Resources: 5.0Mt at 141g/t AgEq for 22.5Moz AgEq.
  • Inferred Resources: 5.3Mt at 93g/t AgEq for 16.0 Moz AgEq.
  • Open pit and underground resources defined with 40g/t and 80g/t AgEq cut-off grades.
  • Achilles deposit remains open at depth with potential for further expansion.
  • AGC aims to develop significant precious and base-metal resources in the South Cobar region.
  • Planned further drilling at Browns Reef – Evergreen deposit.
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.