Key Highlights:

 Shallow high grade heavy mineral sand was intersected at Douglas heavy mineral sand (HMS) project.
 Mineralisation interpreted to be of strandline style, the same as the nearby Dougals HMS Mine.
 Initial HM assays now received from 2338m metres of drilling, with sample composites being prepared for mineral assemblage and total rare earth element assay.
 Studies for the Goschen Central project and rare earth element processing plant remain on track for release in early 2024.


ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce results from aircore drilling at the Douglas heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria, Australia. These results are from a roadside program completed in Q2 2023. The results are significant and highlight the potential as they are similar in style to the nearby HMS deposits that host Iluka’s (ASX:ILU) Douglas Mine.

Significant intercepts include:

 9.00m @ 8.935% HM from 7.50m in 23DAC047
 1.50m @ 4.580% HM from 16.50m in 23DAC032
 1.50m @ 9.180% HM from 18.00m in 23DAC026
 1.50m @ 6.840% HM from 19.50m in 23DAC038
 7.50m @ 6.160% HM from 21.00m in 23DAC021
 1.50m @ 3.760% HM from 24.00m in 23DAC043
 1.50m @ 3.110% HM from 25.50m in 23DAC022
 1.50m @ 8.950% HM from 27.00m in 23DAC017
 4.50m @ 4.617% HM from 28.50m in 23DAC035
 1.50m @ 4.060% HM from 30.00m in 23DAC011

Results summarised above and provided in full in Appendix 1 in the ASX release 6 December 2023 are from the 47 aircore drill holes completed at the Douglas project in May 2023. ACDC is extremely encouraged by what is has discovered so far as it points to the presence of a significant ‘strandline’ style deposit.


A plan view is shown in Figure 1 and cross section in Figure 3. The mineralisation in holes 23DAC021, 23DAC022, 23DAC032 and 23DAC038 are notable as they sit stratigraphically higher and shallower than a second, lower zone of mineralisation.

The completed program enables the ACDC team to target future exploration programs to potentially expand the strand style mineralisation.

ACDC Metals CEO Tom Davidson commented:

“We are very pleased to report excellent initial results from exploration drilling at the Douglas project. The project is situated only 13km from the former Iluka Douglas mine and as such ACDC believes there is a high potential for discovery of new mineralisation, evidenced by this successful drilling program. We are planning our next drill campaign at the Douglas

Project currently with the intent to commence in early Q1 2024
It has been a great first year of operating for ACDC Metals, with the successful listing on the ASX, completing our maiden drill campaign across our projects and the delivery of the JORC resource for the Goschen Central Project. Our 2024 plan to continue hitting the milestones we outlined in the prospectus, and we are fully funded for all activities”.


Please refer to ASX release dated 6 December 2023 for complete information and Competent Person Statement for this announcement

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.

0 0

Key Highlights:

• Maiden JORC compliant Mineral Resource of 122 million tonnes @ 3.4% total heavy mineral (THM) and 1013 ppm total rare earth oxide (TREO) at a 2% THM cut off.
• Higher grade resource of 28 million tonnes @ 4.0% THM (Indicated).
• Very high value mineral suite: 24% Zircon, 9% Rutile, 3.7% Monazite, 0.4% Xenotime (3.0% TREO) and 35% Ilmenite + Leucoxene.
• Opportunity to upgrade and include the 20 – 38µm fine fraction into future resource calculations.
• Resource open to the north, south and west.
• Additional aircore drilling planned to commence in 2024 for resource extension.
• Scoping Studies underway for Goschen Central Project and downstream rare earth processing plant; results expected later this year.

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce a maiden JORC compliant Mineral Resource for the Goschen Central project in western Victoria. The Resource is the result of aircore drilling undertaken throughout 2022 and 2023. This is the first resource calculated across ACDC Metals’ multi-project 2,536 km2 Murray Basin land tenement package, and sets the stage for resource growth and economic studies at the Goschen Central project. In addition, the exploration potential at the Watchem and Douglas Projects continues to be tested.

The Goschen Central deposit remains open in multiple directions and ACDC Metals anticipates resource growth following extension drilling in 2024. The Mineral Resource details are outlined in Table 1.

CEO Tom Davidson commented:

“Our maiden Mineral Resource marks another key milestone for ACDC Metals, and it is very satisfying to share this with our investors and supporters. The estimate shows a significant and large deposit with a high value mineral assemblage; in particular the zircon, monazite and TREO grades. The Goschen Central project has potential to support a multi-decade operation and be a significant project for the domestic supply of critical minerals. The project aligns well with peer projects in the region and shows the value in Murray Basin.

We look forward to getting underway with the next round of drilling, and our team on the ground are preparing to further extend grade and confidence. We remain confident that we can build on this maiden resource.”

Please refer to ASX release dated 8 November 2023 for complete information and Competent Person Statement for this announcement

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.

1 0