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Australian Gold and Copper Ltd (ASX:AGC)

ALERT: Price-sensitive ASX Announcement for AGC
Current share price for AGC : $0.125 0.01 (8.70%)+
Announcement
Release
23 Jul 2026 9:44AM
Price at Release
$0.115
Full Release
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Summary
Australian Gold and Copper Ltd (AGC) announced the completion of the second tranche of a $5 million placement, receiving $2.55 million from its largest shareholder, GeoZen, contingent upon shareholder approval. Additionally, AGC received a $987,000 R&D tax refund from the ATO for geological model testing activities conducted in FY25. The acquisition of New South Resources Pty Limited, holding the Junee gold project, has been finalized, providing AGC with a prospective gold project in a well-explored district. The company highlights its strong financial position and the strategic importance of these developments in advancing its resource projects.
Key Points
  • Completion of $5 million placement with GeoZen
  • Receipt of $987,000 R&D tax refund from ATO
  • Acquisition of New South Resources Pty Limited
  • Strategic importance of Junee gold project
  • Strengthened financial position and project advancement
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.