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ASX BRIEFS

AUSTRALIAN GOLD & COPPER LTD (AGC) - This Silver-Dominant System Could Be Just the Beginning of Multiple Discoveries

03 Apr 2025

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Send us a textStep into the world of one of Australia's most promising precious metals discoveries with Glen Diemar, Managing Director of Australian Gold and Copper (AGC). The company's Achilles discovery in New South Wales is turning heads across the mining sector with extraordinary polymetallic grades—including a jaw-dropping discovery hole featuring 5 meters at nearly 17 g/t gold, 1700 g/t silver, and 15% combined lead and zinc.What separates AGC from the typical junior explorer is its remarkable financial strength. With $16 million in cash and strong backing from major shareholders GeoZen and New South Resources, the company is executing an exploration program more akin to what you'd expect from a major mining house. This financial firepower enables a comprehensive, multi-discipline approach across an 8-kilometer shear zone that has barely seen modern exploration.The timing couldn't be better for AGC's silver-dominant system, with precious metals prices reaching record highs week after week. But this story extends far beyond Achilles itself. Glen reveals how the company's systematic exploration could uncover multiple deposits along the shear zone, following the pattern seen throughout the prolific Cobar Basin. Just 130 kilometers north lies the world's third-highest grade copper mine—a tantalizing reminder of the potential prize awaiting successful explorers in this region.

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