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Key Highlights * Validation and extension of new strandline discovery at Douglas Project. * Samples being prepared for shipment, ...

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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YouTube Video UCXiE3GJ4vjXffQHuVl93qEA_wNxVzJDx0wE

New Heavy Mineral Strandline Discovery Confirmed at Douglas Project.

ACDC Metals Ltd April 4, 2024 9:58 am

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.

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YouTube Video UCXiE3GJ4vjXffQHuVl93qEA_CPqueLUnmyc

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

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Key Highlights: Drilling has commenced across ACDC's heavy mineral sands and rare earth element projects in Western ...

Key Highlights:

 Drilling has commenced across ACDC’s heavy mineral sands and rare earth element projects in Western Victoria.
 The aircore drill program will total approximately 7,500 metres and is expected to take 2 months to complete.
 Drilling to be completed at all 3 projects; Goschen Central, Watchem North and Douglas Projects.
 Economic Studies for the Goschen Central project and rare earth element processing plant remain on track for release in early 2024.
 Metallurgical sample been delivered to Mineral Technologies Ltd in Queensland for pilot plant testwork for the Goschen central project

Please refer to ASX release dated 17 January 2024 for complete information and Competent Person Statement for this announcement.

ACDC Metals Limited (ASX: ADC) (“ACDC Metals” or the “Company”) is pleased to announce the commencement of an extensive aircore drilling program across the Company’s heavy mineral sand (“HMS”) and rare earth element (“REE”) projects in western Victoria, Australia. The program is designed to extend potential high grades zones at Goschen Central and advance our understanding of the opportunities at Watchem North and Douglas.

ACDC Metals CEO Tom Davidson commented:

“We are very pleased to be back out in the field with this 7,500 metre program. The aircore drilling at Goschen Central will enable us to target potential for tonnage and grade improvement highlighted in the recent JORC mineral resource estimate, to add value to this already significant resource.

The programs at both Watchem North and Douglas will build upon the great results from our 2023 campaigns, as we work to further expand and develop our portfolio of projects.

It’s an exciting period for the Company, and we’re active advancing our entire portfolio. Investors can look forward to steady news flow in the coming months from our exploration, metallurgical piloting, and economic evaluation of our valuable mineral sands and rare earths assets.”

Drill Program
ACDC Metals have engaged Broken Hill Drilling Pty Ltd to complete a large aircore drilling program of approximately 7,500 metres, over 180 holes across the company’s three HMS/REE projects. Drilling commenced at Goschen Central on the 16th January and is anticipated to be completed in Q1 2024.

Drilling at Goschen Central will expand upon drilling completed to date and the 2023 JORC mineral resource estimate . The program will consist of approximately 80 holes designed with the intent of increasing the potential high grade zone and our understanding of mineralisation.

At Watchem North (EL7687 and 7685) the program will build on the work completed in 2023 at EL7642, and extend to the exploration licences acquired via joint venture to the north and test for strike extensions to known mineralisation . The low impact exploration program will be conducted on roadsides at a broad spacing.
The Douglas drilling program shall be undertaken on roadsides and infill drilling that was completed in 2023, to provide greater confidence in the project potential.

Scoping Studies

As announced in 2023 , ACDC Metals is currently completing scoping studies for the Goschen Central project and the rare earth element processing plant. Both studies are in their finals reviews and we propose to release to the market in Q1 2024. The studies will enable techno-economic evaluations of the projects and map out the next steps of development.

Pilot Plant program

In the 2023 in-fill program at Goschen Central (EL5278) additional sample was collected for mineral sand flowsheet development, and to produce a monazite concentrate. 2.5 tonnes of mineralised material has been delivered to industry expert Mineral Technologies Ltd, located at Carrara, Queensland, where the material will be processed to produce a heavy mineral concentrate and a rare earth concentrate. The program will gather key information regarding process design to reduce the timeline for delivery of prefeasibility studies.

The program will enable further development of our rare earth processing project, with the monazite concentrate to undergo an extensive testwork program at ANSTO. The ANSTO program will be designed to validate key parts of the process flow sheet and enable the next level of engineering development to commence.

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Please refer to ASX release dated 17 January 2024 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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YouTube Video UCXiE3GJ4vjXffQHuVl93qEA_Xk98pn1md-g

ACDC Metals Commences Drill Program Across 3 Mineral Sands and Rare Earth Element Projects.

ACDC Metals Ltd January 17, 2024 9:01 am

ACDC Metals Ltd

June 26, 2023 11:39 pm

 

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