Australian Gold and Copper (AGC) Q3 2025 TU earnings summary

Executive summary

• Maintained strong cash position with $15.7M at quarter end, supporting accelerated exploration activities.

• Focused on large-scale aircore drilling at Achilles Shear Zone, with 280 of 310 planned holes completed and initial assays indicating significant mineralisation potential.

• Notable shallow oxide gold and base metal intersections reported, with follow-up RC drilling and geophysical surveys underway.

• No mining production or development activities during the quarter; all tenements remain 100% owned.

Financial highlights

• Cash and cash equivalents at quarter end: $15.7M, down from $17.0M previous quarter.

• Exploration and evaluation expenditure for the quarter: $1.01M.

• Net cash used in operating activities: $(97)K; net cash used in investing activities: $(1.02)M.

• No proceeds from production; no tenements acquired or disposed.

Outlook and guidance

• RC drilling to follow up aircore results at Achilles, targeting deeper and oxide extensions.

• Results from VTEM and drone magnetics surveys pending, expected to inform further exploration.

• Maiden JORC Mineral Resource estimate planned for H2 2025.

• Sufficient funding for over 14 quarters of operations at current expenditure rates.