Australian Gold and Copper (AGC) Q1 2027 TU earnings summary

Executive summary

• Evergreen delivered a shallow, gold-rich western-zone discovery with accompanying silver, copper, lead and zinc mineralisation; the zone remains open along strike and at depth.

• Drilling extended Achilles mineralisation to at least 540m down dip from surface, about 250m below the existing MRE; the system remains open at depth.

• Completion of the Junee acquisition added a 100%-owned gold-focused project with seven drill-ready targets to the NSW portfolio.

Financial highlights

• Cash at 30 September 2026 was $5.9m, compared with $5.677m at 30 June; debt was nil.

• Quarter cash flows: operating inflow $364k, investing outflow $2.605m and financing inflow $2.466m.

• Exploration and evaluation expenditure was $2.505m; total exploration payments were $2.529m.

• A $920k refundable R&D tax offset was received after fees and interest; the gross refund before fees and interest was stated as $987k.

Outlook and guidance

• Additional Evergreen RC drilling is planned from December 2026 to test extensions to shallow mineralisation; permitting is underway.

• Initial MRE work is progressing for Achilles and Evergreen, with Evergreen drilling and historical data being integrated to refine domains, geometry and continuity.

• Junee drilling was deferred to January–March 2027 to accommodate cropping and prioritise Evergreen follow-up; drilling approvals are pending.

• Junee field work and permitting continue, including analysis of more than 1,200 soil samples collected during the quarter.