Highlights:

  • ACDC Metals was trading at AUD 0.042, flat during the afternoon Trading session on 19 August 2026.
  • The company has contracted FTE Drilling USA Inc for a maiden 2,500m reverse circulation drill program at Mount Jackson.
  • Around 15 drill holes are planned to test Pegasus Zone extensions and the undrilled 3 Shaft Zone.
  • A 12-line-km CSAMT geophysical survey is scheduled to commence in September 2026.
  • Environmental permitting with the Bureau of Land Management is underway ahead of planned Q4 CY2026 drilling.

ACDC Metals Limited (ASX:ADC) has confirmed contracts for its maiden drilling campaign and upcoming geophysical survey at the Mount Jackson Gold-Silver Project in Nevada, United States.

ACDC Metals was trading at AUD 0.042, unchanged during the afternoon trading session on 19 August 2026, while the company’s shares remained down 30.00% over the past year. The latest update outlined the company’s plans to advance exploration targets through geophysical refinement and its first modern drilling campaign at Mount Jackson.

Maiden Drill Campaign Planned for Mount Jackson

ACDC has signed an agreement with FTE Drilling USA Inc to complete up to 2,500 metres of reverse circulation (RC) drilling at Mount Jackson.

The maiden drilling campaign is targeted to commence in Q4 CY2026, subject to permitting and site preparation activities.

The program will test extensions of known gold-silver mineralisation at the Pegasus Zone and conduct first-ever drilling at the 3 Shaft Zone.

Approximately 15 drill holes are currently being permitted, with final targets expected to be refined following completion of the planned CSAMT geophysical survey.

CSAMT Survey to Refine Drill Targets

ACDC has engaged KLM Geoscience to complete a 12-line-kilometre Controlled Source Audio Magnetotellurics (CSAMT) survey across the Pegasus and 3 Shaft zones.

The survey is scheduled to commence in September 2026 and is designed to improve understanding of subsurface structures and refine priority drill targets.

The CSAMT program follows previous aeromagnetic and radiometric survey results reported by the company in July 2026.

ACDC stated that the combined geophysical information will assist in prioritising areas for the maiden drilling campaign.

Pegasus Zone Targeting Mineralisation Extensions

Drilling at the Pegasus Zone will focus on extending known mineralisation towards the north, east and south.

Previous exploration campaigns conducted by Pegasus Gold and First American Silver were generally shallow, with total depths typically below 150 metres, and several holes ended in mineralisation.

Recent rock chip sampling at Pegasus returned results of up to 2.35 grams per tonne gold.

The upcoming drilling program is designed to test whether the identified mineralisation extends beyond previously explored areas.

3 Shaft Zone Offers Undrilled Discovery Opportunity

The 3 Shaft Zone represents a separate exploration target within Mount Jackson and has not previously been drilled.

ACDC plans to test this area following rock chip results near historical shafts, including results of up to 14.9% copper and 17.7 parts per million silver.

Historical Mining activity occurred at the 3 Shaft area during the early 1900s.

The maiden drilling program will provide the first opportunity to assess subsurface mineralisation at this target.

Permitting Activities Progress in Nevada

ACDC is progressing environmental permitting with the Bureau of Land Management (BLM) ahead of drilling.

The company noted that existing access roads and previously cleared drill pad areas are expected to reduce additional site works, affected areas, bond requirements and reclamation costs.

Over the coming months, ACDC plans to complete permitting activities, finalise drill hole locations following the CSAMT survey and undertake site preparation activities.

Mount Jackson Supports U.S. Exploration Strategy

The Mount Jackson Project is located within Nevada’s Walker Lane, a mineralised belt with historical gold and silver production and ongoing exploration activity.

ACDC stated that the project forms part of its broader exploration strategy alongside its Australian rare earths and mineral sands assets.

The company is advancing the project through a combination of geophysical surveys, historical data review and targeted drilling.

Management Commentary on Next Phase

ACDC Metals Chief Executive Officer Tom Davidson said contracts for the CSAMT survey and maiden drilling campaign represent the next stage of exploration at Mount Jackson.

Mr Davidson said the geophysical program would provide additional information to refine drill targets, while the maiden drilling campaign would test previous mineralisation interpretations and assess extensions.

The company expects the upcoming work program to provide further geological information on the Mount Jackson mineral system.

Investor Takeaway

ACDC Metals’ latest announcement marks the transition of Mount Jackson from target generation into planned subsurface testing, with a maiden RC drilling campaign scheduled for Q4 CY2026.

Investors may continue monitoring CSAMT survey outcomes, permitting progress, drill program commencement and exploration results from the Pegasus and 3 Shaft zones.