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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 -0.11 (-46.81%)+
Announcement
Release
16 Dec 2025 10:21AM
Price at Release
$0.235
Full Release
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Summary
Australian Gold and Copper Ltd (ASX: AGC) announced the initial Mineral Resource Estimate (MRE) for the Achilles greenfields discovery in the southern Cobar mining district, New South Wales. The MRE reveals 10.3 million tonnes at 116 grams per tonne silver equivalent (AgEq), amounting to 38.5 million ounces of AgEq. The resource includes 5.0 million tonnes of Indicated Resources and 5.3 million tonnes of Inferred Resources, with open pit resources at 7.9 million tonnes and underground resources at 2.4 million tonnes. The Achilles deposit, discovered in 2024, has a planar geometry and extends over 800 meters. The resource remains open at depth, and further drilling is expected to expand the underground MRE. The project, underpinned by over 10,800 meters of drilling, is part of AGC's strategy to build a significant precious and base-metal endowment in the South Cobar region.
Key Points
  • Initial Mineral Resource Estimate for Achilles of 10.3Mt at 116g/t AgEq for 38.5Moz AgEq
  • Includes 5.0Mt Indicated Resources and 5.3Mt Inferred Resources
  • Open pit resources are 7.9Mt and underground resources are 2.4Mt
  • Achilles deposit discovered in 2024, extending over 800 meters
  • Resource remains open at depth with further drilling planned
  • MRE supported by over 10,800 meters of drilling
  • Part of AGC's strategy for precious and base-metal endowment in South Cobar region
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.