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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 (0%)+
Announcement
Release
23 Jul 2026 8:21AM
Price at Release
$0.115
Full Release
download
Summary
Australian Gold and Copper Ltd (AGC) announced significant financial updates and the completion of the Junee Gold Project acquisition. The company received a $1 million R&D Refund from the Australian Taxation Office and completed Tranche 2 of a $5 million placement with substantial investment from its major shareholder, GeoZen. The acquisition of New South Resources Pty Limited, which holds the Junee Gold Project, enhances AGC's portfolio with a promising gold project in New South Wales. AGC's Managing Director, Glen Diemar, expressed appreciation for GeoZen's support and highlighted the importance of the funding and the R&D Refund in advancing AGC's exploration and development activities in its extensive landholding in the South Cobar Basin. The company is poised to start a maiden drill campaign at Junee, further consolidating its position as a growing resource development company.
Key Points
  • Australian Gold and Copper Ltd (AGC) received a $1 million R&D Refund from the Australian Taxation Office.
  • Completion of Tranche 2 of a $5 million placement was achieved, with $2.55 million received from AGC's largest shareholder, GeoZen.
  • AGC completed the acquisition of New South Resources Pty Limited, the holder of the Junee Gold Project.
  • The Junee Gold Project adds a large-scale, gold-dominant project with seven drill-ready targets to AGC's portfolio.
  • AGC's Managing Director, Glen Diemar, expressed gratitude for GeoZen's support and highlighted the significance of the R&D Refund.
  • AGC is building a significant precious and base metals business across 2,600 km² in the South Cobar Basin, NSW.
  • AGC's Achilles discovery hosts an initial 38.5Moz AgEq Resource, with ongoing drilling and a second resource opportunity at Browns Reef-Evergreen.
  • AGC aims to commence a maiden drill campaign at Junee within the quarter following the acquisition.
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.