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Australian Gold & Copper Ltd. ( (AU:AGC) ) has issued an announcement.
Australian Gold and Copper Ltd has announced an initial Mineral Resource Estimate (MRE) for its Achilles deposit, located in the southern part of the Cobar mining district, NSW. The estimate reveals a total of 10.3 million tonnes at 116 grams per tonne silver-equivalent, amounting to 38.5 million ounces of silver-equivalent. This includes both indicated and inferred resources, with a significant portion classified as shallow ‘open pit’ resources. The MRE supports AGC’s strategy to enhance its precious and base-metal endowment in the region, with further exploration and drilling planned to expand the resource base. The discovery highlights the potential of the Rast Trough geological district, where AGC has consolidated its landholdings, indicating promising opportunities for future growth and development.
More about Australian Gold & Copper Ltd.
Australian Gold and Copper Ltd (ASX: AGC) is a company operating in the mining industry, focusing on the exploration and development of precious and base metals. The company is primarily engaged in mineral exploration activities in the South Cobar region of Central New South Wales, Australia, with a significant focus on silver and gold resources.
Average Trading Volume: 292,580
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$56.55M
See more insights into AGC stock on TipRanks’ Stock Analysis page.