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Gold Coast Investment Showcase - CEO Tom Davidson presenting - June 2023
#ASX#EV #battery #batterymetals #windenergy #monazite #mineralsand #drilling #rareearth #REE

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ACDC Metals listed on the ASX on the 17th January 2023.

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ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce the first results from aircore drilling at the Watchem heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria, Australia.

Key Highlights
➢ Best high-grade intervals of greater than 8% Total Heavy Minerals (THM) reported from across 78 drill holes at the Watchem Project.
➢ A new JV adds additional land holding along trend from the high-grade results at the Watchem Project.
➢ Additional results to come with assays from 66 holes at Goschen Central and 43 from Douglas Projects pending.
➢ Mineralogical studies underway to validate exceptional mineral assemblage observed at Goschen Central, and the first assemblage reported at Watchem.
➢ Goschen Central maiden mineral resource estimate due in Q3.

On the basis of these results, the Company announces tenement acquisitions to secure along strike potential.

Significant intercepts include:
• 45m @ 2.01% THM from 0m, including 4.5m @ 4.69% from 13.5m in 23WAC046.
• 42m@ 1.77% THM from 4.5m including 3m @ 4.2% from 39m in 23WAC017.
• 16.5M @ 3.38% THM from 30m including 4.5m @ 6.91% from 36m in 23WAC014.
• 19.5m @ 2.79% THM from 31.5m including 1.5m @ 8.05% from 33m in 23WAC006.
• 19.5m @ 2.58% THM from 31.5m including 7.5m @ 3.58% from 36m in 23WAC005.
• 19.5m @ 2.39% THM from 28.5m including 9m @ 3.20% from 31.5m in 23WAC004.

Results summarised above and provided in full in Appendix 1 are from the 78 roadside aircore drill holes completed at Watchem in March and April 2023. The program was designed to validate and expand the target.

ACDC Metals CEO Tom Davidson commented:
“We are very pleased to report strong and widespread mineralisation from the first holes drilled by ACDC on the Watchem Project. The additional tenure acquired covers an extensive and prospective shore-line, along strike from high grades reported here. These results place ACDC Metals in a strong position to deliver a significant mineral resource.
Mineralogy assessment to classify the valuable heavy mineral distribution (zircon, rutile, ilmenite, monazite) is well progressed, and will be reported shortly. The Watchem Project lies immediately north of Astron Corporation Limited’s bankable feasibility stage Donald Project, which provides ACDC Metals with a high degree of knowledge and confidence on exploration potential.
Mineralogy determination has been delayed due to laboratory constraints but is well progressed. Independent consultants are undertaking both grain counting and QEMSCAN, which enables accurate reporting of full heavy mineral assemblage.
The pending assay results from Goschen central project are from the infill program undertaken in April 2023 and will support the maiden JORC resource estimate.
The pending assay results from Douglas project are from the exploration program undertaken in May 2023 across the tenement and will support expansion on the new tenements.
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Please refer to the ASX Announcement made on 15 August 2023 for full and complete information.

This can be viewed through the ASX or on the company website www.acdcmetals.com.au

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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.

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