AGC’s Evergreen Drilling Reveals More High-Grade Polymetallic Zones

Evergreen Delivers Its Strongest Polymetallic Intercept Yet

Australian Gold and Copper Ltd (ASX:AGC) has produced a striking set of shallow assays from Evergreen in NSW, with hole EGRC018 returning 16 metres at 2.3g/t gold, 70g/t silver, 1.4% copper and 12.2% combined lead and zinc from 112 metres downhole. Inside that interval, a six-metre section graded 5.2g/t gold, 157g/t silver, 1.0% copper and 27.9% lead-zinc from 116 metres.

“Plan map showing gold results at Evergreen with holes being reported with green collars, holes pending assays with blue collars.”

The hole also cut a separate two-metre copper-rich interval grading 6.2% copper, alongside 0.6g/t gold and 19g/t silver. A further six metres from 84 metres carried 2.0g/t gold, 20g/t silver and 0.9% copper. The reported widths are downhole measurements, and AGC says true widths have not yet been established.

Hillston Zone Extends Across Multiple Mineralised Lenses

EGRC018 was drilled more than 20 metres south and up-dip of the earlier western-zone discovery. That earlier result, captured in the western zone discovery, returned 17 metres at 5.3g/t gold, 163g/t silver and 17.3% lead-zinc, including eight metres at 10.4g/t gold and 311g/t silver.

AGC says the Hillston mineralised zone has now been tested over more than 220 metres of strike and appears to comprise two or three mineralised lenses. The broader Evergreen system has been traced over more than 500 metres, with the latest drilling aimed at tightening the shallow geometry, grade distribution and continuity of the southern area.

Additional Gold and Silver Intercepts Strengthen the Pattern

Other RC holes added meaningful gold-silver results. EGRC015 returned nine metres at 1.6g/t gold and 58g/t silver from 90 metres, including five metres at 2.4g/t gold and 94g/t silver. EGRC016 delivered six metres at 1.4g/t gold and 53g/t silver from 95 metres, including a one-metre interval at 5.7g/t gold and 202g/t silver.

“Cross section through Hillston’s new hole EGRC016 and high-grade EGRC008 (20m section).”

“Cross section showing new Hillston zone assays from previously unsampled diamond hole 26DDBR002 (20m section).”

Caption and image © Australian Gold and Copper Ltd. From “High-Grade Copper & Gold Results at Evergreen”, 12 Nov 2026.

Previously unsampled sections of existing diamond core also produced new mineralisation. Hole 26DDBR002 returned seven metres at 3.1g/t gold and 18g/t silver from 100 metres, including 0.7 metres at 5.9g/t gold and 42g/t silver. AGC says these were new assays from previously unassayed core rather than repeat results.

Next Drilling Phase Moves Evergreen Towards a Resource Estimate

The completed RC campaign covered 21 holes and 2,593 metres, with assays now reported for 18 holes. Results from EGRC019, EGRC020 and EGRC021 remain outstanding. Regulatory approval has been received for the next drilling phase, and a higher-capacity RC rig is scheduled to arrive later in the quarter to test extensions along strike and at depth.

Those results will feed into AGC's work towards an initial Mineral Resource Estimate for Evergreen. That milestone remains ahead rather than achieved: the current release reports exploration intersections, not an economic resource or mining study. AGC had A$5.9 million in cash and no debt at 30 September 2026, giving the next drilling results added importance as the company balances resource definition with available funding.