ACDC Metals Expands Nevada Gold Project and Secures Key Licence in Victoria

Mount Jackson Acquisition Accelerates Exploration in Nevada

ACDC Metals (ASX:ADC) has hit the ground running at its newly acquired Mount Jackson Gold-Silver Project in Nevada’s Walker Lane Trend. After closing the deal in April 2026, the company swiftly expanded its footprint from 48 to 164 Bureau of Land Management (BLM) lode mining claims, increasing the project area nearly fourfold to about 13.3 square kilometres. This aggressive staking move secured high-priority exploration targets ahead of planned drilling.

Initial rock chip sampling from the Pegasus and 3 Shaft zones has confirmed the presence of gold and copper mineralisation at surface, with standout assays including 2.35 grams per tonne (g/t) gold at Pegasus and a remarkable 14.9% copper at 3 Shaft. While these are selective grab samples and not necessarily representative of the wider deposit, they validate historical data and provide a clear signal for further work.

Airborne Geophysics Uncovers Multiple Drill Targets

The company completed a 615 line-kilometre airborne magnetic and radiometric survey over the expanded claim area, delivering a detailed geological and structural framework. Processing of this data has identified several promising drill targets, including extensions of epithermal gold-silver mineralisation at Pegasus and magnetic anomalies at 3 Shaft that may represent skarn or intrusive-related copper mineralisation.

ACDC Metals is evaluating an induced polarisation (IP) survey to refine these targets before commencing its maiden reverse circulation (RC) drilling program scheduled for Q4 2026. Permitting and contractor procurement are underway, setting the stage for a critical test of the project’s potential.

Goschen Central Secures Long-Term Tenure with Retention Licence

Back in Australia, ACDC Metals achieved a significant milestone with the granting of a 10-year Retention Licence (RL008706) for its Goschen Central Rare Earth Element and Heavy Mineral Sand Project in Victoria. This licence covers the entire Exploration Licence EL5278 and the previously reported JORC 2012 Mineral Resource estimate.

The licence secures tenure over this strategically important project, which has undergone metallurgical testwork and a scoping study indicating robust economics. The company plans to advance community consultation and geological assessments to optimise resources and convert inferred tonnes to indicated categories over the next 12 months.

Capital Raising and Board Changes Support Growth

To fund these initiatives, ACDC Metals completed a placement raising $936,500 and a 1-for-3 non-renounceable entitlement offer that raised $348,173.55, with a substantial shortfall subsequently placed for an additional $987,000. The company ended the quarter with $2.45 million in cash, including a $1.36 million term deposit, providing a runway for exploration and development.

Corporate changes included the resignation of Non-Executive Director Ivan Fairhall and a reshuffle of executive roles: Andrew Shearer transitions to Executive Chair, Mark Saxon moves to Non-Executive Director, and CEO Tom Davidson receives a salary increase to $250,000 per annum. These adjustments reflect a maturing governance structure aligned with the company’s growth phase.

Looking Ahead to Drilling and Development

ACDC Metals is gearing up for a busy second half of 2026. The focus will be on advancing geophysical surveys, including the potential IP survey at Mount Jackson, finalising drill permits, and executing the maiden drilling campaign. Concurrently, work under the Goschen Central Retention Licence will ramp up with community engagement and resource optimisation.

The unfolding exploration results from Mount Jackson will be pivotal in defining the project’s scale and economic potential, while Goschen Central’s secured tenure positions the company well to capitalise on the growing demand for critical minerals. Investors will be watching closely as ACDC Metals transitions from acquisition and early-stage exploration to active resource development.