Australian Gold and Copper (AGC) Q4 2026 TU earnings summary

Executive summary

• Advanced three drilling programs at South Cobar, including diamond drilling at Achilles and Browns-Evergreen, and a large-scale aircore program at Tooronga.

• Acquired the Junee gold project, adding a large-scale, gold-dominant asset with seven drill-ready targets.

• Completed a $5 million placement, with the second tranche and a $987,000 R&D refund received after quarter end.

Financial highlights

• Cash on hand at 30 June 2026 was $5.7 million, with no debt.

• Exploration and evaluation expenditure for the quarter was $3.23 million.

• Placement raised $2.45 million in June, with an additional $2.55 million completed in July.

• Net cash outflow from operating activities was $390,000 for the quarter.

• Estimated quarters of funding available at quarter end was 1.57, with additional funds raised post-quarter.

Outlook and guidance

• Focus remains on resource growth at Achilles and Evergreen, with initial Mineral Resource Estimate for Evergreen targeted in FY27.

• Shallow RC drilling at Achilles and RC drilling at Evergreen planned for the next quarter.

• Field activities and drill permitting underway at Junee, with maiden drilling planned.

• Reduced project expenditure anticipated for the next two quarters while maintaining business objectives.