ACDC Metals Confirms Gold and Copper at Mount Jackson, Nevada

ACDC Metals Strikes Gold and Copper at Mount Jackson — Maiden Drilling Now in Sight

ACDC Metals Limited (ASX: ADC) has delivered its first assay results from the newly acquired Mount Jackson Project in Nevada's Walker Lane, confirming ACDC Metals Mount Jackson gold and copper results in Nevada across two distinct zones. The results, drawn from an initial rock chip sampling program conducted during an April 2026 site visit, validate the geological prospectivity of the project and set the stage for a systematic exploration campaign culminating in a maiden drilling program planned for Q4 CY2026.

For a company with a market capitalisation of just $4.4 million and an enterprise value of $2.67 million, the early-stage confirmation of meaningful surface grades across multiple target zones is a notable step forward in demonstrating the project's exploration potential.

First Samples In — And They Deliver

The initial sampling program was designed to be broad in scope, targeting areas of historical workings and prior drilling to independently validate known mineralisation and generate new targets. Eight rock chip samples were submitted to ALS Geochemistry in Reno, Nevada — an independent, internationally recognised laboratory — with results confirming gold and copper at surface across the Pegasus Zone and the 3 Shaft Zone.

Pegasus Zone — Gold at Surface Validated

Three samples collected from a single outcrop at the Pegasus Zone returned gold grades that confirm surface mineralisation is present and consistent:

The headline result of 2.35 g/t gold from sample 969211 is particularly encouraging as a surface grab sample. All three samples were taken from different parts of the same outcrop, demonstrating that mineralisation is not isolated to a single point but is present across the exposure. Furthermore, the Pegasus Zone has been designated a priority area for the upcoming maiden drilling program.

3 Shaft Zone — A Copper Discovery Emerges

Historically data-limited, the 3 Shaft Zone delivered a standout result that introduces a second commodity dimension to the project:

The 14.9% copper result from sample 969216 is a high-grade surface reading that, while a single grab sample, signals the potential for a copper-bearing system that warrants systematic follow-up. Silver was also elevated in this sample at 17.7 ppm, adding further multi-element interest to the zone.

CEO Tom Davidson commented: "It is pleasing to be reporting on our exploration activities from the Mount Jackson project in such a short time frame since announcing the acquisition. These results from initial surface sampling confirm gold mineralisation across the project and highlight the potential at the 3 Shaft Zone for copper. We look forward to continuing our systematic exploration, including additional rock chip sampling, and interpretation of the airborne geophysics survey as we work towards our planned maiden drilling program in Q4 CY2026."

Understanding Rock Chip Sampling — What Does It Mean for Investors?

What Is a Rock Chip Grab Sample?

A rock chip grab sample involves collecting pieces of rock directly from surface outcrop or exposed rock faces. Geologists select samples based on visible mineralisation, alteration, or other geological features of interest. The samples are then sent to an accredited laboratory for chemical assay — a process that measures the precise concentration of metals present.

Why Does It Matter?

Rock chip sampling is typically the first quantitative step in an exploration program. It serves two key purposes:

1. Validation — confirming that mineralisation reported by previous explorers is genuinely present
2. Target generation — identifying zones of interest that justify follow-up work such as mapping, geophysics, and ultimately drilling

However, it is important to note that grab samples are selective by nature. They are not statistically representative of an entire deposit and cannot be used to estimate a mineral resource. Their value lies in confirming that a project has geological merit and in directing where more systematic work should be focused.

The ACDC Metals Mount Jackson gold and copper results in Nevada should therefore be read in that context — as an encouraging first data point, not a resource estimate.

Key Terms Defined

• g/t (grams per tonne): The standard unit for measuring gold and silver concentration in rock. Higher g/t equals higher grade.
• Low sulphidation epithermal deposit: A style of gold-silver mineralisation that forms at shallow depths from hot fluids. These systems can host world-class deposits and are the target deposit type at Mount Jackson.
• Walker Lane Belt: A major northwest-trending structural corridor in Nevada and California, approximately 500–700 km long, hosting numerous significant gold and silver mines.
• Net Smelter Return (NSR) Royalty: A royalty payable to a third party based on the revenue from metal sales, before processing costs. ACDC holds a 3% NSR on Mount Jackson, with the right to buy back 1%.

The Walker Lane Context — Why Does Nevada Matter?

Mount Jackson sits within the Walker Lane Belt, one of the most prolific gold and silver producing corridors in the Americas. The structural belt stretches 500–700 kilometres in a northwest trend, marking the boundary between the Sierra Nevada range to the west and the Great Basin province to the east.

The project has potential to host a low sulphidation epithermal gold-silver system — a deposit style known for producing high-grade, shallow mineralisation. In addition, these deposits form from hot, mineral-rich fluids at relatively shallow crustal depths, and the style has been responsible for some of the world's most significant gold and silver discoveries.

Historical exploration at Mount Jackson dates back to 1905, with more structured programs conducted by Pegasus Gold (1987–1991, 44-hole RC program) and First American Silver (2011, 5-hole RC program totalling 945 m). ACDC's current program is the first systematic modern exploration effort on the project, and the company is approaching it with a fresh dataset anchored by new geophysics and independent sampling.

Geophysics Program Adds a New Layer of Intelligence

Alongside the rock chip program, an airborne magnetic and radiometric survey has been completed across the project area. The unprocessed data has been received and is currently undergoing interpretation.

This type of survey maps subsurface geological structures — faults, intrusions, and lithological boundaries — that are often critical controls on where mineralisation is concentrated. Combined with the surface sampling results and historical drilling data, the geophysical interpretation will directly inform the priority drill targets ahead of the Q4 CY2026 maiden program.

The integration of multiple data streams — rock chips, historical RC drilling, and airborne geophysics — represents a materially more informed approach to drill targeting than historical campaigns at the project.

Exploration Roadmap — A Clear Path to the Drill Bit

ACDC has laid out a structured, milestone-driven exploration timeline for Mount Jackson through to the end of 2026:

Procurement activities to secure a drilling contractor are already underway, signalling that management is executing with urgency rather than simply outlining plans.

Financial Position — Funded for the Program Ahead

With the exploration roadmap in view, the question of funding is an important one for investors. ACDC's current financial position provides useful context:

The company's 1:3 Rights Issue — offered to raise up to $1.56 million — was open at the time of this announcement with a closing date of 9 June, with management noting strong support from existing shareholders.

Combined with existing cash reserves and nil debt, the company reported it is well positioned to fund the planned exploration program at Mount Jackson. The Goschen Central Retention Licence application — relating to ACDC's Australian critical minerals assets — also remains in progress, maintaining the company's diversified asset profile.

Why Mount Jackson Deserves Investor Attention

ACDC Metals enters the drilling phase at Mount Jackson with several meaningful advantages over a purely speculative position:

1. Independent validation of mineralisation — Surface samples have returned gold grades up to 2.35 g/t and copper at 14.9%, confirming that prior historical results were not anomalous.
2. Multiple target zones — Both the Pegasus Zone (gold priority) and the 3 Shaft Zone (copper-gold) provide exploration diversification within a single project.
3. Airborne geophysics completed — Data is in hand and being interpreted, providing a structural framework for drill targeting that historical programs lacked.
4. Tier-1 address — Nevada's Walker Lane is a globally recognised exploration corridor with established infrastructure and a mature mining regulatory environment.
5. Clear near-term catalyst — A maiden drilling program in Q4 CY2026 represents a defined newsflow event with the potential to materially re-rate the company at its current sub-$5 million market capitalisation.
6. Nil debt balance sheet — Financial flexibility is maintained heading into the most capital-intensive phase of the exploration program.

The ACDC Metals Mount Jackson gold and copper results in Nevada represent a meaningful first step in what could be a transformative exploration story. With the company having moved quickly from acquisition to first results, investors are being offered exposure to a systematic, data-driven exploration approach in one of the world's premier mining districts.

The combination of confirmed surface mineralisation, multiple commodity exposure, and a clear pathway to drill testing positions Mount Jackson as more than just another early-stage exploration play. At an enterprise value of just $2.67 million, the project's geological credentials and systematic approach to exploration provide a potentially compelling risk-reward proposition.

Key Takeaway: ACDC Metals Mount Jackson gold and copper results in Nevada confirm the project's geological credentials while establishing clear exploration priorities ahead of maiden drilling. At an enterprise value of just $2.67 million, investors are being offered exposure to a Walker Lane gold-silver project at an early — and potentially transformative — stage of its exploration story.

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