Media

Key Highlights

* Validation and extension of new strandline discovery at Douglas Project.
* Samples being prepared for shipment, assays due in Q2 2024.
* 7,000 Drilling completed across Douglas, North Watchem and Goschen Central.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce the completion of 2024 Q1 aircore drill program across the Douglas, Goschen Central and North
Watchem projects. Over 7,000 metres were drilled across the heavy mineral sand (HMS) and rare
earth element (REE) projects to infill, extend and discover new mineralisation. Assays are being
reported progressively, however key visual results from ACDC Metals field team support the
previously disclosed new strandline discovery1.

ACDC Metals CEO Tom Davidson commented:

“It has been another successful drilling campaign by the ACDC Metals exploration team.
Our objectives for the campaign were to target a grade increase at Goschen Central and
cover further exploration at both North Watchem and Douglas.

Our Goschen Central campaign comprised over 2,200 metres of drilling, with all assays
received and reported2. Composites are now being prepared that will enable mineralogy
determination and increase our confidence in the existing resource estimate. These results
will enable a JORC estimate update mid-year.

The North Watchem campaign comprised over 5,000 metres, where our intent was to
further investigate the exciting results we obtained from our 2023 campaign, including the
validation of a strand line3 identified at North Watchem (EL7642).

Finally, our drilling at Douglas has been very encouraging, where logging on the rig by our
experienced geologists confirmed the new strandline which was inferred from 2023 drilling.
Initial visual results look positive and we are expediting these samples through the laboratory."

Douglas Project

ACDC Metals Douglas Project lies 30kms west of the Douglas Mineral Sands Mine (mining licence
MIN5367) which was operated by Iluka Resources Pty Ltd (Iluka) until 2012 and rehabilitation of the site
has been ongoing since then4. The wider Douglas area is known for multiple mineralised strandlines
forming the West Wimmera Strand Plain, including the four main strandlines of economic interest, which
are, Acapulco, Bondi, Bondi East, and Echo (from west to east, refer to figure 1 in ASX announcement 3 April 2024). Strandlines in this area
are characterised by their particularly thick, wide and high heavy mineral (HM) grades. There is also an
absence of cover sediments over much of the prospective beach sequence.

In 2023 ACDC drilled 2,338 metres across 47 holes at Douglas. Drilling intersected high grades with the
highlight being hole 23AC021 25.5m @ 2.9% total heavy mineral (THM) from 19.5m, including 7.5m @
6.16% THM from 21m5. The geological interpretation of this intersection suggested a new strandline
discovery. Typical drill spacing was 250 metres which is considered too broad for strandline delineation.

The recently completed 2024 drilling totalled 890 metres over 21 holes and was targeted to infill this
interpreted strandline, with drill holes spaced at 25 metres. Logging of drill samples during the 2024 program
by ACDC Metals onsite geologists has indicated a very encouraging zone of interpreted thick mineralisation
rich in heavy minerals which extends up to 100m either side of drill hole 23AC021 and remains open to the
west. It should be noted that visual estimates and laboratory assays do not always align.

Encouraged by the field observations all samples from the 2024 program are currently being fast tracked for
assay, with results expected within 4-6 weeks.

The mineralisation style and geometry appear similar to the Iluka’s Douglas group of deposits which
totalled 125mt @ 9.8% THM (Iluka, 2002) prior to mining. Examples of other strandline systems in the
Murray Basin are provided in Table 1 of the announcement released to the ASX on 3 April 2024 which can be obtained from the company website www.acdcmetals.com.au.

1 ACDC Metals – ASX Announcement 6 December 2023, ACDC’s Douglas Project Drill Results Indicate
High Grade Strandline-Style Mineralisation.
2 ACDC Metals – ASX Announcement 15 March 2024, Exceptional drill results at Goschen Central.
3 ACDC Metals – ASX Announcement 15 August 2023, ACDC hits high grade intervals at Watchem Project.
4 www.iluka.com/community-engagement/douglas/
5 ACDC Metals – ASX Announcement 6 December 2023, ACDC’s Douglas Project Drill Results Indicate High Grade Strandline-Style Mineralisation.

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ACDC Metals Ltd 2023 Heavy Mineral Sands and Rare Earth Elements discovery drilling campaign in Western Victoria.
#ASX#EV #battery #batterymetals #windenergy #monazite #mineralsand #drilling #rareearth #REE

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Watch ACDC Metals' presentation from the RIU Explorers Conference 2024

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

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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 (ASX: ADC) executive director Mark Saxon joins Small Caps to discuss the company’s plans following its $8 million IPO and ASX listing.

ACDC’s strategy is to build a mine-to-market critical metals company by combining its heavy mineral sand and rare earths assets and proprietary processing technology.

ACDC has three projects in western Victoria that are prospective for zircon, leucoxene, rutile and monazite.

Article:
https://smallcaps.com.au/acdc-metals-ipo-highway-asx-listing/

For more information on ACDC Metals:
https://smallcaps.com.au/stocks/ADC/

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ACDC Metals Ltd (ASX:ADC) chief executive Mark Saxon tells Proactive the company is focused on advancing its heavy mineral sands projects in Victoria, Australia, with the ultimate goal of producing heavy mineral sands products and rare earth elements. ACDC has entered into a licensing agreement with Canadian-listed Medallion Resources to utilise its proprietary monazite processing technology to extract REE from monazite.
#ProactiveInvestors #ACDCMetals #IPO #mineralsands
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

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ACDC Metals (ASX: ADC) chief executive officer Tom Davidson joins Small Caps to discuss the company's recent drilling and mineralogy success at the Goschen Central mineral sands project in Victoria.

Recent testwork has highlighted Goschen Central's potential to be one of the world's most promising mineral sands projects.

The company is now planning an infill drilling program to tighten its understanding of the resource size.

ACDC also discovered high-value monazite amongst the zircon and rutile mineralisation uncovered in drilling to date.

Monazite is known for its relatively high concentration of rare earth elements (REEs) and ACDC has access to a unique processing technology which it can take advantage of.

Articles:
https://smallcaps.com.au/acdc-metals-continues-make-noise-high-grade-hms-hits-victoria/
https://smallcaps.com.au/acdc-metals-hitting-right-notes-successful-completion-victorian-rare-earths-drilling/

For more information on ACDC Metals:
https://smallcaps.com.au/stocks/ADC/

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Small Caps is Australia's #1 site for market news & information on ASX listed small cap companies.

-----------------------

WEBSITE
https://smallcaps.com.au/

PODCAST
https://smallcaps.com.au/podcast/

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Facebook: https://www.facebook.com/SmallCapsASX
Twitter: https://twitter.com/SmallCapsASX
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