Australian Gold and Copper Limited

Australian Gold and Copper is an exploration company with a focus on the exploration and development of its multi-asset gold portfolio situated in the world class Lachlan Fold Belt in New South Wales. AGC’s wholly owned Moorefield, Cargelligo and Gundagai projects cover approximately 1,000km2 and contain numerous drill ready gold targets identified by multiple datasets and each provide significant opportunity for a major gold discovery in NSW.

Latest Announcements

Share Price

Prospectus Overview

  • IPO of three advanced gold projects, containing multiple near surface drill ready targets, in the Lachlan Fold Belt, NSW1
  • Projects to be contributed by Magmatic Resources (MAG) and New South Resources (NSR) 1
    • All significant projects with multiple drill ready targets
    • All with multi-dataset evidence for shallow, high-tenor mineralisation
  • Projects valued at $10m, targeting a $10m raising ($7m minimum raise)
  • AGC aiming to list on ASX in early January 20211
  • Significant discovery focused drilling campaigns to rapidly follow IPO 
  • Targeting multi-million ounce gold and base metal discoveries

AGC Formation

  • Magmatic and New South Resources are focused on their large scale East Lachlan porphyry projects
  • Gold assets to be de-merged/divested to AGC are non-porphyry1 
    • Shallow, no cover, drill ready
    • Different capital requirements and investor base to porphyry 
  • AGC has the team and capital to unlock the value of these assets

Portfolio Summary

AGC’s three gold projects will include four granted exploration licences covering approximately 1000km2 in the Central Lachlan Fold Belt of New South Wales. The combined project portfolio offers multiple near-term discovery opportunities for ‘Fosterville-style’ orogenic gold, McPhillamys-style gold and ‘Cobar-Hera-style’ gold-polymetallic mineralisation. 

Moorefield Project

Fosterville-style Orogenic Au and Cobar style polymetallic targets

  • Geological link to Bendigo Zone of central Victorian Goldfields (e.g. Fosterville, Bendigo Deposits) (Cayley 2017)
  • 15km long gold-pathfinder anomalous trend 
  • Over 100 historic mine workings
  • Significant drill intersections and +1,000g/t in rockchips
  • Drill ready – multiple targets

Gundagai Project

Orogenic gold targets/McPhillamys style Au

  • Strong surface geochem 1.5km, historic mining district, recent composite rockchips to 35g/t gold 
  • McPhillamys signature recognised
  • Drill ready

Cargelligo Project

Cobar Hera Mine style Au and polymetallic targets

  • 15km trend, coincident geophysics, historic gold in drilling and pathfinder soil geochem
  • Drill ready – multiple targets