Goschen Central Resource Upgraded to Over 600Mt with 18% Higher Heavy Mineral Grade

Significant Resource Upgrade at Goschen Central

ACDC Metals Limited (ASX: ADC) has delivered a major boost to its Goschen Central Project in western Victoria, announcing a 60% increase in Indicated resource tonnes to 210 million tonnes, alongside an 18% uplift in total heavy mineral (THM) grade to 2.3%. The updated Mineral Resource Estimate (MRE) now totals over 600 million tonnes, combining Indicated and Inferred categories, and marks a pivotal step in advancing the project’s economic potential.

This upgrade builds on the maiden resource estimate released in 2023 and reflects the results of an extensive aircore drilling campaign completed in 2024. The enhanced geological confidence and improved grades underpin ACDC Metals’ strategy to develop a high-value mineral sands and rare earth element (REE) portfolio.

Rare Earth Element Potential Strengthened

Of particular note is the increase in total rare earth oxide (TREO) grade by over 13% to 684 parts per million (ppm), with magnetic rare earth oxides such as neodymium, praseodymium, dysprosium, and terbium comprising more than 21% of the TREO assemblage. These elements are critical for emerging technologies including electric vehicles and renewable energy systems, positioning Goschen Central as a strategically important source within Australia’s critical minerals landscape.

The project’s mineral assemblage also includes significant quantities of zircon, rutile, ilmenite, and monazite, which further diversify its product suite and market appeal. ACDC Metals has completed a pilot plant program processing 1.6 tonnes of mineralised material, with marketing studies underway to assess product quality and commercial viability.

Government Support and Strategic Outlook

The Victorian Government’s recent release of the Critical Minerals Roadmap has formally recognised Goschen Central as a key project within the state’s $200 billion mineral sands and rare earth sector. This roadmap aims to streamline environmental approvals and foster investment, providing a supportive regulatory environment that enhances project feasibility.

ACDC Metals CEO Tom Davidson highlighted the significance of this endorsement, stating that the roadmap and approvals of peer projects validate the sector’s potential and reinforce the company’s commitment to advancing Goschen Central. The company plans further drilling in 2025 to expand the resource and refine high-grade zones, alongside progressing a scoping study with Mineral Technologies Ltd.

Financial Position and Forward Activity

With a cash balance of A$2.68 million and no debt, ACDC Metals is well-funded to execute its planned exploration and development activities through 2025. Upcoming milestones include the release of pilot program results, detailed marketing assessments, and mineralogy reporting from the Douglas discovery.

The company is also preparing a retention licence application for Goschen Central and continuing its active investor engagement through conferences and presentations. These efforts aim to attract off-take partners and development collaborators to unlock the project’s full value.

Overall, the December 2024 quarter marks a transformative phase for ACDC Metals, with resource upgrades, government backing, and strategic initiatives converging to elevate the company’s profile in the critical minerals space.