Australian Gold and Copper’s Achilles Discovery Expands in South Cobar

AGC Strikes Gold with Expanding Silver-Gold Discovery in South Cobar

Australian Gold and Copper Ltd (ASX: AGC) has emerged as one of the most promising exploration stories of 2025, with its Achilles discovery continuing to deliver exceptional results and significant growth potential in Western NSW's Cobar Basin.

Achilles Discovery Shines with Remarkable High-Grade Results

The company's Achilles gold-silver discovery continues to impress investors with outstanding drill results that have established it as a significant new mineralised system. Recent drilling has delivered spectacular intercepts including:

• 5m at 16.9g/t Au, 1,667g/t Ag, and 15.0% Pb+Zn from 112m
• 9.1m at 3.0g/t Au, 698g/t Ag, 1.2% Cu & 19.4% Pb+Zn from 127m
• 8m at 1.0g/t Au & 520g/t Ag, 0.6% Cu, 6.2% Pb+Zn from 131m

Peak grades have reached as high as 45.0 g/t gold and an impressive 3,970 g/t silver, positioning AGC as a compelling silver play in the Australian market.

The mineralisation at Achilles now extends over 0.65km of strike length and remains open in multiple directions, suggesting significant resource growth potential.

Strategic Position in Emerging South Cobar District

AGC has established itself as a district-scale player in the southern Cobar Basin, controlling approximately 2,635km² across three project areas in the Central Lachlan Fold Belt. The company's South Cobar Project alone covers 1,760km² with 120km of prospective strike length.

The Cobar Basin is a mature mining district in northern NSW, dating back to 1870 and home to the CSA copper mine (the third highest-grade copper mine globally). Recent success stories in the region include Aurelia Metals' Federation deposit and Polymetals' Endeavor mine restart.

"Our high-grade near-surface discovery has validated the South Cobar District's potential," said Glen Diemar, Managing Director of AGC. "We're applying systematic exploration across our belt-scale land package, which continues to deliver exciting new targets."

Understanding IP Geophysics: A Key to Exploration Success

Induced Polarization (IP) geophysics has been crucial to AGC's exploration success at Achilles. This geophysical technique measures the electrical chargeability of subsurface materials, making it particularly effective for detecting sulphide mineralisation often associated with gold, silver, and base metal deposits.

At Achilles, IP surveys have identified several coincident magnetic and chargeability anomalies that have proven to host significant mineralisation when drilled. This technology has been instrumental in expanding the discovery beyond initial surface indications and will continue to guide the company's exploration efforts across the broader project area.

For investors, understanding the role of IP geophysics provides insight into how AGC is systematically building its resource inventory and generating new targets.

Aggressive Drilling Program Driving Discovery Growth

AGC has committed to an ambitious 15,000-meter drilling program through 2025 focused on expanding the Achilles discovery. The company is leveraging multiple datasets to drive resource growth:

Recent aircore drilling has defined a large systematic gold and silver trend that is now being followed up with deeper drilling. The company has identified several priority targets along the 4km copper trend that remains open along strike.

Strong Financial Position to Support Exploration Success

With $15.7 million cash in the bank (as of April 30, 2025), AGC is exceptionally well-funded to pursue its aggressive exploration strategy. The company's strong financial position is supported by enthusiastic major shareholders:

• GeoZen Resources: 55.0% ownership
• New South Resources: 8.2% ownership

The company maintains a lean corporate structure with no corporate headquarters, instead operating from a regional exploration office. This approach maximises the amount of shareholder funds directed toward exploration activities.

Why Investors Should Follow AGC

Australian Gold and Copper exploration in South Cobar represents a compelling investment opportunity for several key reasons:

1. Growing High-Grade Discovery: The Achilles discovery continues to expand with exceptional gold and silver grades, providing investors leverage to precious metals in a rising price environment.

2. Exceptional Location: Operating in the mature Cobar mining district with skilled local workforce, established infrastructure, and rapid mine permitting processes.

3. Systematic Exploration Approach: Multiple data-driven exploration methods have generated a pipeline of targets within a 5km radius of the initial discovery.

4. Strong Management Team: Led by Managing Director Glen Diemar, who brings significant expertise in early-stage discoveries in NSW mineral systems.

5. Well-Funded: With $15.7 million in cash, AGC has the financial resources to advance its projects without near-term dilution concerns.

As the company advances its 15,000-meter drilling program through 2025, investors can expect a steady flow of news regarding resource growth at Achilles and potential new discoveries across its extensive land package.

With silver prices gaining momentum and gold maintaining strength, AGC stands out as one of the most promising Australian Gold and Copper exploration in South Cobar stories on the ASX, offering significant upside potential as it continues to expand its footprint in the South Cobar district.

Want to Be Part of AGC's Exciting South Cobar Discovery Journey?

Don't miss your opportunity to explore Australian Gold and Copper's remarkable progress at the Achilles discovery. For investors seeking exposure to high-grade gold and silver mineralisation in one of Australia's premier mining districts, AGC offers compelling potential. Visit AGC's official X profile to stay updated on the latest drilling results and company developments as they continue to expand this promising discovery in 2025.