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Australian Gold and Copper Ltd (ASX:AGC)

ALERT: Price-sensitive ASX Announcement for AGC
Current share price for AGC : $0.120 -0.06 (-33.33%)+
Announcement
Release
31 Oct 2025 9:01AM
Price at Release
$0.180
Full Release
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Summary
Australian Gold and Copper Ltd (AGC) has reported on its quarterly activities and financial performance for the quarter ending 30 September 2025. The company executed a binding agreement to acquire the Browns Reef Project from Eastern Metals Limited, significantly expanding its land holdings in the South Cobar region. AGC is focused on developing a precious and base metal district, conducting extensive drilling programs at the Achilles Shear Zone and neighboring areas, with promising assay results indicating strong mineral potential. The company remains financially stable with $12.5 million in cash, supporting its exploration and development initiatives.
Key Points
  • AGC executed a binding tenement sale agreement for Browns Reef Project.
  • The Browns Reef Project adds 1,269km² to AGC's existing South Cobar holdings.
  • AGC conducted aircore and RC drilling, with promising assay results.
  • Significant mineralization discovered at Achilles Shear Zone.
  • Company remains well-funded with $12.5M cash on-hand.
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.