Australian Gold and Copper Intersects 16m at 5.1g/t Gold from 61m at Evergreen Prospect

Anjali Anand

05 November 2026 03:14 PM AEDT

Australian Gold and Copper Intersects 16m at 5.1g/t Gold from 61m at Evergreen Prospect

Image Source: Krish Capital Pty Ltd

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Australian Gold and Copper (ASX:AGC) has reported assay results from reverse circulation drilling at the Western Discovery Zone (Hillston Structure) at its Evergreen Prospect, part of the South Cobar Project in New South Wales, with standout results including 16 metres at 5.1 grams per tonne gold from 61 metres, including 4 metres at 17.5 grams per tonne gold from 72 metres.

Key Points

EGRC004 returned 16m at 5.1g/t Au from 61m, including 4m at 17.5g/t Au from 72m
21 RC holes totalling 2,593 metres were completed at Evergreen targeting extensions to shallow high-grade mineralisation
Assay results received for nine holes (EGRC001–009); results for a further 12 holes (EGRC010–021) remain pending
Regulatory approvals are being sought for further drilling at the Evergreen Prospect

RC Drilling Results at Evergreen Western Discovery Zone

The company completed 21 RC holes for 2,593 metres at the Evergreen Prospect, targeting extensions to shallow high-grade mineralisation previously reported from diamond holes 26DDBR013 and 26DDBR017. The RC program tested mineralisation up-dip and along strike from 26DDBR017, with holes drilled to depths of up to 160 metres. In addition to the headline EGRC004 result, EGRC003 returned 6 metres at 0.6g/t gold from 34 metres. The filing states the mineralised system is described as broad, coherent, and gold-rich across western Evergreen.

Previously Reported High-Grade Intersections at Evergreen

The new results complement previously disclosed high-grade intersections at Evergreen. EGRC005 returned 15 metres at 4.8g/t gold from 61 metres, including 2 metres at 10.2g/t gold from 70 metres. EGRC008 intersected 13 metres at 3.3g/t gold, 264g/t silver, 0.8% copper, 4.8% zinc and 5.3% lead from 99 metres to end of hole, with mineralisation open at depth. Diamond hole 26DDBR017 previously returned 17 metres at 5.3g/t gold, 163g/t silver, 0.8% copper and 17.3% lead plus zinc from 128 metres, including 8 metres at 10.4g/t gold from 129 metres.

Company Capital Structure and South Cobar Project Context

According to the filing, the company holds a 2,600 square kilometre landholding across the South Cobar Basin in NSW. Its Achilles discovery hosts an initial mineral resource of 38.5 million ounces silver-equivalent, with 58% classified as Indicated, as reported in December 2025. The company's capital structure as disclosed comprises 332 million shares, 7.5 million options, and 11.5 million performance rights, with cash of A$5.9 million as at 30 September 2026 and no debt. The Browns–Evergreen project is located approximately 30 kilometres from the Achilles deposit.

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