Media

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.

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

YouTube Video VVVYaUUzR0o0dmpYZmZRSHVWbDkzcUVBLmZ1MzBWZVhUcldR

ACDC’s Douglas Project Drill Results Indicate High Grade Strandline-Style Mineralisation

ACDC Metals Ltd December 6, 2023 4:35 pm

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.

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

YouTube Video VVVYaUUzR0o0dmpYZmZRSHVWbDkzcUVBLkNQcXVlTFVubXlj

ACDC Metals declares Maiden JORC Resource delivering 122M Tonnes @ 3.4% THM at Goschen Central

ACDC Metals Ltd November 8, 2023 12:42 pm

Key Highlights:

 Further high-grade heavy mineral sand (HMS) assays from Goschen Central Project.
 Significant mineralised zone indicated by the consistent results reported across 7.5 km².
 All assays from 142 holes at Goschen Central Project have now been reported.
 These results coupled with the previously reported mineralogy and high
magnetic rare earth element (REE) assemblage indicate a strong project for
further development.
 Maiden resource estimate due in October.

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce results from aircore drilling at the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria, Australia. These results are from the infill drill program and will support the roadside drilling results in the maiden JORC resource estimate.

ACDC Metals CEO Tom Davidson commented:
“We are very pleased to report strong and widespread mineralisation from the infill program at the Goschen Central Project. They demonstrate the size and scale of our project and these results place ACDC Metals in a strong position to deliver a significant mineral resource.
Our maiden JORC resource is well advanced with all assays now with our resource geologists. We look forward to sharing our Maiden JORC resource report with shareholders.”

Please refer to ASX release dated 3 October 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.

Key Highlights:

 Further high-grade heavy mineral sand (HMS) assays from Goschen Central Project.
 Significant mineralised zone indicated by the consistent results reported across 7.5 km².
 All assays from 142 holes at Goschen Central Project have now been reported.
 These results coupled with the previously reported mineralogy and high
magnetic rare earth element (REE) assemblage indicate a strong project for
further development.
 Maiden resource estimate due in October.

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce results from aircore drilling at the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria, Australia. These results are from the infill drill program and will support the roadside drilling results in the maiden JORC resource estimate.

ACDC Metals CEO Tom Davidson commented:
“We are very pleased to report strong and widespread mineralisation from the infill program at the Goschen Central Project. They demonstrate the size and scale of our project and these results place ACDC Metals in a strong position to deliver a significant mineral resource.
Our maiden JORC resource is well advanced with all assays now with our resource geologists. We look forward to sharing our Maiden JORC resource report with shareholders.”

Please refer to ASX release dated 3 October 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

YouTube Video VVVYaUUzR0o0dmpYZmZRSHVWbDkzcUVBLnZCaU9PTUtqRjZB

Goschen Central High Grade Drill Results Indicate Widespread & Consistent Mineralisation over 7.5km2

ACDC Metals Ltd October 3, 2023 9:45 am

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce assay results from heavy mineral concentrates prepared from the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project, located in western Victoria.  The results (see Table 1) indicate an attractive and high-value distribution of REE, with a high contribution of magnetic metals.  

Key Highlights
➢ Maiden high value rare earth element (REE) assays from Goschen Central grading up to 3.1% total rare earth oxide (TREO) within the heavy mineral fraction.
➢ 8 composite samples taken from over 8.5 x 4 km area and 10-15 thick zone, demonstrating wide-spread and consistent mineralisation and potential for a high quality resource of scale at Goschen Central.
➢ Mineralogy and process testwork show that a very large portion of the REE’s are present in monazite. ACDC Metals holds an exclusive licence to technology for the efficient extraction of REE from monazite. 
➢ Assays show a high portion of key magnetic rare earth oxides (MREO) which are the highly priced and critical REE sought for magnets. 
➢ Magnet REOs average ~26% of the sample material but ~90% of REE value.
➢ Maiden resource on track for Q3 release, with scoping study for the Goschen Central Project scheduled for Q4.


ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce assay results from heavy mineral concentrates prepared from the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project, located in western Victoria.  The results (see Table 1) indicate an attractive and high-value distribution of REE, with a high contribution of magnetic metals.  

These results, developed from heavy mineral composite samples from the Company’s recent aircore drilling program, provide strong support for ACDC Metals’ business strategy to pair heavy mineral sand mining with downstream extraction of REE carbonate from monazite within eastern Australia. The value and marketability of a rare earth carbonate is determined by the REE distribution, with a high relative abundance of magnet metals neodymium, praseodymium, dysprosium and terbium presenting an attractive offering.

ACDC Metals CEO Tom Davidson commented: 

“Through these results, we see strong support for a high basket price for the Goschen Central heavy mineral sand and REE products. In particular, it shows that our REE bearing mineral monazite is extremely rich in the most valuable magnet rare earths. It complements our strategy to maximise value capture of strategic metals through downstream processing of monazite into REE carbonates and beyond. We have a big end-of-year ahead, with infill results, a maiden resource and maiden scoping study on Goschen Central all to be released before year end. A fantastic achievement by the team in less than 1 year from IPO”. /end

---------------------------
Please refer to the ASX Announcement made on 28 August 2023 for full and complete information.

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

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce assay results from heavy mineral concentrates prepared from the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project, located in western Victoria. The results (see Table 1) indicate an attractive and high-value distribution of REE, with a high contribution of magnetic metals.

Key Highlights
➢ Maiden high value rare earth element (REE) assays from Goschen Central grading up to 3.1% total rare earth oxide (TREO) within the heavy mineral fraction.
➢ 8 composite samples taken from over 8.5 x 4 km area and 10-15 thick zone, demonstrating wide-spread and consistent mineralisation and potential for a high quality resource of scale at Goschen Central.
➢ Mineralogy and process testwork show that a very large portion of the REE’s are present in monazite. ACDC Metals holds an exclusive licence to technology for the efficient extraction of REE from monazite.
➢ Assays show a high portion of key magnetic rare earth oxides (MREO) which are the highly priced and critical REE sought for magnets.
➢ Magnet REOs average ~26% of the sample material but ~90% of REE value.
➢ Maiden resource on track for Q3 release, with scoping study for the Goschen Central Project scheduled for Q4.


ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce assay results from heavy mineral concentrates prepared from the Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project, located in western Victoria. The results (see Table 1) indicate an attractive and high-value distribution of REE, with a high contribution of magnetic metals.

These results, developed from heavy mineral composite samples from the Company’s recent aircore drilling program, provide strong support for ACDC Metals’ business strategy to pair heavy mineral sand mining with downstream extraction of REE carbonate from monazite within eastern Australia. The value and marketability of a rare earth carbonate is determined by the REE distribution, with a high relative abundance of magnet metals neodymium, praseodymium, dysprosium and terbium presenting an attractive offering.

ACDC Metals CEO Tom Davidson commented:

“Through these results, we see strong support for a high basket price for the Goschen Central heavy mineral sand and REE products. In particular, it shows that our REE bearing mineral monazite is extremely rich in the most valuable magnet rare earths. It complements our strategy to maximise value capture of strategic metals through downstream processing of monazite into REE carbonates and beyond. We have a big end-of-year ahead, with infill results, a maiden resource and maiden scoping study on Goschen Central all to be released before year end. A fantastic achievement by the team in less than 1 year from IPO”. /end

---------------------------
Please refer to the ASX Announcement made on 28 August 2023 for full and complete information.

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

0 0

YouTube Video VVVYaUUzR0o0dmpYZmZRSHVWbDkzcUVBLnRiek1qVXQ3NUZz

Maiden REE Results Demonstrate High Value Magnet Metals at Goschen Central

ACDC Metals Ltd August 28, 2023 12:44 pm

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.
---------------------------
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

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.
---------------------------
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

1 0

YouTube Video VVVYaUUzR0o0dmpYZmZRSHVWbDkzcUVBLjJqMFdYS1pMS080

ACDC hits High Grade intervals at its Watchem Project. New JV adds further land holding along trend

ACDC Metals Ltd August 27, 2023 9:54 pm

Key Highlights: • Maiden JORC compliant Mineral Resource of 122 million tonnes @ 3.4% total heavy mineral (THM) and 1013 ...

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

YouTube Video UCXiE3GJ4vjXffQHuVl93qEA_CPqueLUnmyc

ACDC Metals declares Maiden JORC Resource delivering 122M Tonnes @ 3.4% THM at Goschen Central

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