AGC Expands South Cobar Project with Browns Reef Acquisition

Eastern Metals Limited ( (AU:EMS) ) just unveiled an update.

Australian Gold and Copper Ltd (AGC) has announced the acquisition of the Browns Reef Project from Eastern Metals Limited, significantly expanding its South Cobar Project in New South Wales. This acquisition adds 1,269km² of exploration tenure to AGC’s portfolio, bringing the total to 2,600km². The Browns Reef Project is an advanced stage target with extensive previous drilling and promising mineralization, particularly in silver, gold, and base metals. AGC plans to leverage its experience from the Achilles discovery to efficiently explore and potentially deliver a maiden resource at the silver-gold rich northern prospects. This strategic acquisition is expected to enhance AGC’s exploration capabilities and shareholder value, aligning with the company’s growth objectives in a favorable market environment.

More about Eastern Metals Limited

Australian Gold and Copper Ltd (AGC) operates in the mining industry, focusing on the exploration and development of precious metals such as gold and copper. The company is primarily engaged in expanding its mineral exploration footprint in New South Wales, Australia, with a strategic focus on high-potential projects like the South Cobar Project.

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