Australian Gold and Copper (AGC) Q4 2025 TU earnings summary

Executive summary

• Advanced exploration at South Cobar with completion of the largest aircore drilling campaign to date, totaling 312 holes for 11,137 metres, identifying two significant gold-silver trends for further testing.

• Acquisition of tenement EL9012 adds 270km², expanding South Cobar Project to 1,400km² and establishing dominant district control.

• Ongoing RC and diamond drilling at Achilles targeting resource expansion and continuity, with metallurgical test work nearing completion.

• Well-funded with $14.0M cash on hand at quarter end, supporting continued exploration and development.

Financial highlights

• Cash and cash equivalents at quarter end: $13.995M, down from $15.737M previous quarter.

• Exploration and evaluation expenditure for the quarter: $1.567M.

• Net cash used in operating activities: $(94)K for the quarter.

• Net cash used in investing activities: $(1.648)M for the quarter, mainly for exploration and tenement acquisition.

• Net cash from financing activities: $5.866M for the year to date, reflecting equity issuance.

Outlook and guidance

• Focus remains on drilling extensions at Achilles and along the Achilles Shear Zone, with maiden JORC Mineral Resource estimate targeted for H2 2025.

• Further RC and diamond drilling, metallurgy, and new target generation planned for the next six months.

• Acquisition of EL9012 expected to accelerate future exploration and resource growth.