Key highlights

  • ACDC Metals shares were down 7.14% at $0.039 during the 10 November 2026 trading session.
  • The company has begun field work at the Mount Jackson gold-silver project in Nevada ahead of a 2,500-metre maiden drill program.
  • A controlled source audio magnetotellurics survey has commenced to refine drill targets.

ACDC Metals Ltd (ASX:ADC) fell 7.14% to $0.039 during the 10 November 2026 trading session. The S&P/ASX 200 was higher by 1.34%, or 121.20 points, at 9,150.90 over the same session. ACDC is a gold and silver explorer focused on its Mount Jackson project in Nevada's Walker Lane. Its latest update was released on 6 November 2026 and covered the start of its planned field program.

Field program at Mount Jackson

The company said it has commenced its planned field program at the Mount Jackson Gold-Silver Project, which sits within the Walker Lane, a mineralised belt with a long history of gold and silver production. Civil works have started to prepare drill pads and access tracks.

A controlled source audio magnetotellurics survey has begun. It will refine the drill targets identified by an aeromagnetic and radiometric survey reported on 22 July 2026.

Permit and drilling plans

The company received an environmental permit to drill from the Bureau of Land Management, as reported on 1 October 2026. The permitted 2,500-metre program will test extensions of gold-silver mineralisation at the Pegasus Zone and carry out the first drilling at the 3 Shaft Zone.

Historic results at Pegasus include 25m at 2.14 g/t gold from hole PC-34A, and a recent rock sample at the 3 Shaft Zone returned 14.9% copper.

Sector context

Nevada gold and silver explorers are judged on the strength of their drilling targets and on permitting progress. Share prices often respond to the start of drilling and to geophysical results that define targets. At under four cents, ACDC trades in Penny Stock territory, and the broader market was higher during the session.

Risks

Drilling results at Pegasus and 3 Shaft have yet to be received, and the historic results may not be repeated in new holes.

Operating in Nevada depends on permits and on weather and access conditions, which can cause delays to field work.

What to watch ahead

Investors will be looking for the completion of the geophysical survey, the start of the 2,500-metre drill program and the first assay results from Pegasus and 3 Shaft.

Final Word

ACDC's Trading session fall came as the company moved its Mount Jackson project into field work. Drilling results from the permitted program will be the next key markers.