Key Highlights:

• Processing and interpretation of new aeromagnetic data has identified multiple targets for further exploration, including some proximal to historical drilling and workings.

• Priority targets identified for further exploration include:
• The Pegasus Zone, which has epithermal-style Au - Ag mineralisation that is open along strike and at depth. Recent geophysics shows the Zone has potential to repeat along strike from the known mineralisation.
• The 3 Shaft Zone, historically mined for copper, was found to be anomalous for gold during the recent field sampling. The zone is coincident with a strong north-south striking magnetic gradient, which may be an indicator of a contact skarn or aureole, related to felsic-intermediate intrusions in the area.

• Magnetic targets correlate with known gold, silver and copper mineralisation.

• Further geophysical methods being considered within prospective zones identified at Pegasus and 3 shaft zones.

• Planning and procurement activities underway to secure drilling contractor for Q4 CY2026.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce results from processing and interpretation of aeromagnetic and radiometric survey completed at the Mount Jackson Project within the Walker Lane of Nevada, USA. The Walker Lane is a Tier-1 geological feature with a strong history of mining production, and a high level of current exploration and development.
The goal of this work and other parts of our initial exploration program is to delineate and extend known mineralisation and identify locations with potential for similar high-grade mineralisation.

ACDC Metals CEO Tom Davidson commented:

“Our recently completed aeromagnetic survey has provided new data and is a key step to unlock our understanding of the Mount Jackson Project and enable us to define high merit targets for our planned Q4 2026 RC drilling program.

The identification of multiple magnetic targets and features adjacent to known gold and silver mineralisation is highly encouraging. This shows the potential to increase the scale of mineralisation at the Pegasus zone, while the planned IP survey will increase our drill targeting confidence.”

Survey Results

Processing of aeromagnetic data (Figure 1 in the announcement released through the ASX on 22 July 2026 and available at www.acdcmetals.com.au) reveals magnetic complexity, with three distinct target zones, each characterised by unique anomalies.

The Pegasus Zone (Figure 2), where the bulk of historical drilling has focused on a structurally complex transition between a western high and an eastern low magnetic signature, with fine-scale interfingering of highs and lows that may represent fault or breccia zones and alteration-related magnetite destruction. The Sinter Area (Figure 2), at the eastern end of the block, shows a magnetically quieter, low-amplitude signature consistent with near-surface hydrothermal sinter, where hydrothermal alteration has stripped magnetite from the near-surface rocks. As the geology of the area between the Pegasus and Sinter zones is similar to that hosting the Pegasus mineralisation, this area is considered a prime target. It will be investigated further through geophysical survey and the drilling program, which is proposed for Q4, CY2026.

The 3 Shaft Zone (Figure 3), in the west-central part of the claims, is defined by a strong, coherent north-south magnetic high, most likely a magnetite-bearing intrusive or a contact skarn. Historical shafts are sited on the western edge of the anomaly, where the high magnetic intensity grades into a magnetic low. The planned IP survey is intended to investigate the 3 Shaft Zone at depth and to delineate potential targets for the upcoming drilling program.

About ACDC Metals

ACDC Metals is a diversified exploration company combining resource-backed critical minerals assets with high-impact precious metals exploration. The Company has completed resource estimate and studies on its Heavy Mineral Sands and Rare Earth Element projects and is currently advancing gold and silver opportunities in Australia and the United States to drive growth, discovery and shareholder value.

We refer shareholders and interested parties to the website www.acdcmetals.com.au where they can access the most recent corporate presentation, video interviews and other information including the ASX Announcement dated 22 July 2026.

This update is not to be considered financial advice or a recommendation. Please consult professional advice before making any investment decision.

Key Highlights:

• Retention Licence has been granted for the Goschen Central rare earth element and heavy mineral sand project.
• Goschen Central is a large and robust strategic minerals project located in a jurisdiction that is demonstrating support for critical raw materials.
• The Retention Licence granting is a key step, following recent milestones:
✓ Updated Mineral Resource1.
✓ Successful bulk metallurgical testwork program and product marketing2
✓ Completion of Scoping Study3.
• The 10-year Retention Licence will enable ongoing exploration and
development activities.
• Granting of the Retention Licence provides the Company with confidence in long term project ownership, enabling the next stage of project development and creating an attractive scenario for potential strategic partners.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce the granting of the retention licence from the Department of Energy, Environment and Climate change for its Goschen Central Rare earth element and Heavy Mineral Sand Project located in western Victoria.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce the granting of the Retention Licence (RL) from the Department of Energy, Environment and Climate Change for its Goschen Central rare earth element (REE)
and heavy mineral sand Project located in western Victoria.

ACDC Metals CEO Tom Davidson commented:
"The granting of the retention licence is a key milestone for the project, valuing both the work completed to date and its strong potential for future development.
A recent Scoping Study demonstrated a robust business model for Goschen Central, with the potential to produce critical minerals including zircon, titanium and rare earth elements. The study confirms the scale of the opportunity, with the proposed mine plan utilising just 15% of the total deposit. The current strength in the rare earth
market is providing opportunities to engage with additional new potential investment and offtake partners.
The RL gives us confidence in the project ownership to initiate further work programs to de-risk and advance the project and we look forward to updating the market on progress at the Goschen Central Project."
1 ASX Announcement – ACDC Metals Delivers Significant Upgrade at Goschen Central – 3 December 2024
2 ASX Announcement – Met. Testwork program Completed for Goschen Central – 17 February 2025
3 ASX Announcement – Outstanding Economic Potential with Goschen Central Study – 12 June 2025

About ACDC Metals

ACDC Metals is a diversified exploration company combining resource-backed critical minerals assets with high-impact precious metals exploration. The Company has completed resource estimate and studies on its Heavy Mineral Sands and Rare Earth Element projects and is currently advancing gold and silver opportunities in Australia and the United States to drive growth, discovery and shareholder value.

We refer shareholders and interested parties to the website www.acdcmetals.com.au where they can access the most recent corporate presentation, video interviews and other information including the ASX Announcement dated 1 July 2026.

This update is not to be considered financial advice or a recommendation. Please consult professional advice before making any investment decision.