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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 -0.01 (-8%)+
Announcement
Release
24 Jul 2026 10:57AM
Price at Release
$0.125
Full Release
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Summary
During the quarter ending 30 June 2026, Australian Gold and Copper Ltd (AGC) reported significant progress in its exploration activities. The company advanced three drilling programs at its South Cobar Project in New South Wales, yielding notable copper, gold, and silver results. AGC also completed the acquisition of a gold portfolio and raised $5 million through a placement, with a second tranche finalized post-quarter. The company received a $987,000 R&D Refund from the Australian Taxation Office for activities at the Achilles project. Financially, AGC reported a net decrease in cash and cash equivalents due to substantial exploration expenditures, although it remains well-funded with $5.7 million on hand. The acquisition of the Junee Gold Project complements AGC's strategy, adding a prospective gold-dominant project with multiple drill-ready targets. The company continues to focus on resource growth and discovery, with ongoing drilling activities and plans for further exploration in the latter half of 2026.
Key Points
  • AGC advanced three drilling programs at South Cobar Project.
  • Significant copper, gold, and silver results were delivered.
  • Completed acquisition of a gold portfolio.
  • Raised $5 million through a placement; second tranche completed post-quarter.
  • Received a $987,000 R&D Refund from ATO.
  • Reported a net decrease in cash due to exploration expenditures.
  • Cash on hand at the end of the quarter was $5.7 million.
  • Acquired Junee Gold Project, adding a gold-dominant project with drill-ready targets.
  • Focus on resource growth and discovery continues with further exploration plans.
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.