How Australian Gold and Copper’s Latest Drilling Unlocks Achilles’ Silver-Gold Potential

Exceptional Drilling Results at Achilles

Australian Gold and Copper Ltd (ASX – AGC) has unveiled a series of impressive assay results from its recent diamond drilling campaign at the Achilles silver-gold deposit, part of the South Cobar Project in western New South Wales. The new data reveals multiple broad intervals of high-grade mineralisation, significantly extending the known deposit at depth beyond the initial Mineral Resource Estimate (MRE) announced in December 2025.

Among the standout results are intercepts such as 33 metres grading 264 grams per tonne (g/t) silver equivalent (AgEq), including a 3-metre section at an extraordinary 1,123 g/t AgEq. These figures underscore the robust nature of the deposit, which already boasts an initial MRE of 10.3 million tonnes at 116 g/t AgEq, equating to 38.5 million ounces of silver equivalent.

Resource Growth Potential and Exploration Upside

Managing Director Glen Diemar highlighted the significance of these results, noting that the northern high-grade zone continues to deliver exceptional grades over substantial thicknesses. The recent drilling was not included in the initial resource estimate due to assay timing, indicating clear upside potential as further results are incorporated.

In addition to the core Achilles deposit, assays from the nearby Achilles Quarry target, located approximately 5 kilometres south, have returned encouraging intervals, such as 9 metres at 45 g/t AgEq, suggesting that mineralisation remains open and ripe for further exploration.

Strategic Drilling Plans and Future Milestones

Looking ahead, Australian Gold and Copper plans to recommence drilling later this quarter, aiming to upgrade the Achilles resource and deliver a new MRE for the Browns-Evergreen precious and base metal deposit. The company has outlined a substantial 10,000-metre drilling program scheduled to start in March 2026, with the goal of more than doubling the project’s resource endowment by the end of the year.

This aggressive exploration strategy reflects confidence in the under-explored South Cobar district, where Australian Gold and Copper is rapidly expanding its silver and gold footprint. The combination of high-grade results and ongoing drilling activity positions the company well to enhance shareholder value and attract further market interest.

Technical Rigor and Reporting Transparency

The company’s reporting adheres to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code), with detailed assay methodologies, quality control, and geological logging ensuring data integrity. Independent consultants have reviewed the resource estimates, adding credibility to the findings.

While the results are promising, investors should note that several assay results remain pending, and forward-looking statements are subject to typical exploration and commodity price risks. Nonetheless, the current data paints a compelling picture of a high-grade silver-gold system with significant growth potential.