Australian Gold and Copper (ASX:AGC) | Deepest Hole at Achilles Extends High Grade Mineralisation
Australian Gold and Copper (ASX:AGC) Exploration Update, Achilles Project, 15 July 2026
Australian Gold and Copper has released the final assay results from its recent Achilles depth extension drilling program. The deepest hole drilled at Achilles to date, A3DD014, returned the strongest result from the recent program, intersecting 26 metres at 102 grams per tonne silver equivalent from 433 metres, including 15 metres at 153 grams per tonne silver equivalent and 2 metres at 770 grams per tonne silver equivalent. Mineralisation has now been intersected approximately 540 metres down dip from surface, around 250 metres below the base of the current Mineral Resource Estimate.
Key facts covered in this episode:
Achilles Mineral Resource Estimate: 10.3 million tonnes at 116 grams per tonne silver equivalent for 38.5 million ounces silver equivalent, with 58% classified as Indicated.
Headline drill result: 26 metres at 102 grams per tonne silver equivalent from 433 metres, including 15 metres at 153 grams per tonne silver equivalent and 2 metres at 770 grams per tonne silver equivalent.
Mineralisation intersected approximately 540 metres down dip from surface, around 250 metres below the base of the current Mineral Resource Estimate.
Cash position of A$7.1 million as at 31 March 2026, with no debt.
Diamond drilling continues at Evergreen, with RC drilling expected to commence in August targeting an initial Mineral Resource Estimate.
Shallow RC drilling is expected at Achilles targeting oxide gold silver mineralisation, with approvals underway.
Interpretation of the Tooronga aircore program is continuing, while field activities, soil sampling and drill permitting are underway at Mount Illabo.
The episode discusses the latest drilling results, the company's stated assessment of future resource growth, underground mining potential and longer term development options at Achilles, together with ongoing exploration activities across its South Cobar projects.
Everything in this episode is for information purposes only. Nothing constitutes financial advice. Listeners must conduct their own research and consider their own financial circumstances before making any investment decision.