Key Highlights:
• ACDC Metals’ first drill campaign at the Mount Jackson Project has been confirmed with FTE Drilling USA Inc contracted, targeting Q4 2026 start.
• Approximately 15 holes being permitted to test extensions to gold-silver mineralisation at the Pegasus Zone and maiden drilling at the 3 Shaft Zone.
• Geophysics survey, CSAMT (Controlled Source Audio Magnetotellurics), planned to commence during September.
• CSAMT will refine drill targets defined by the aeromagnetic and radiometric survey reported on 22 July 2026
• Environmental permitting currently underway with the Bureau of Land Management (BLM). Existing access roads and previously cleared pads are expected to reduce site works, bond and reclamation costs

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce that contracts are now in place for a maiden drill program and a CSAMT geophysical survey at the Mount Jackson Project within the Walker Lane of Nevada, USA. The maiden drilling campaign will target areas identified from recent geophysical surveys and test extensions of known mineralisation. The Walker Lane is a major mineralised belt in Nevada with a long history of gold and silver production and a high level of current exploration and development activity.

ACDC Metals CEO Tom Davidson commented:

“It’s pleasing to confirm contracts are now signed for the next stage of our geophysical survey program and for a maiden drill campaign before year-end. The CSAMT program starts in September and will provide the team with better information to refine and prioritise drill targets.

FTE Drilling brings extensive experience in the region. Our maiden program will build on the historical results reported on 30 April 2026. The program will aim to confirm previous mineralisation, test extents, and hopefully validate our understanding of the system.
The announcement today is an important step as we look to execute our field program and ramp up news flow on our Mount Jackson Project.”


Important Note - Not financial advice
This video is provided for information purposes only, do not construe as offering financial advice. Consult professional advice before making any investment decisions, ACDC Metals Ltd may not be suitable for your investment needs.

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.