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- ASX-newcomer, ACDC Metals (ADC) gears up for drilling across its heavy mineral sands and rare earth element projects in western Victoria
- Around 13,000 metres of aircore drilling is planned to confirm and infill prior drilling to enable calculation of JORC compliant resources during H2, 2023
- ACDC Metals is also looking to collect samples for metallurgical testwork and rare earth element extraction
- Samples from the company’s initial aircore program completed at the end of 2022 are now being prepared for assaying, with results expected shortly
- ADC shares last traded at 18 cents
ASX-newcomer, ACDC Metals (ADC) is gearing up for drilling across its heavy mineral sands and rare earth element projects in western Victoria.
The company has planned around 13,000 metres of aircore drilling across the Goschen Central, Watchem and Douglas projects.
The aim of the 300-hole drill program is to confirm and infill prior drilling, to enable calculation of JORC compliant resources during the second half of this year.
Additionally, ADC is looking to collect samples for metallurgical testwork and testing of rare earth element extraction utilising Medallion Resources proprietary technology that it holds exclusive licensing to in eastern Australia.
After listing on the ASX at the start of 2023 and completing an $8 million initial public offering, CEO Tom Davidson said ACDC was pleased to be embarking on multiple parallel work programs that support its goal to be a future supplier of both heavy mineral sand products and rare earth elements.
“This program will build upon knowledge of past drilling and the program completed by ACDC Metals in December 2022.
“The data generated will support resource calculation, while the sample generated will enable expanded process testwork for both mineral sand and REEs,” Mr Davidson said.
Samples from the company’s initial aircore drilling program completed at the end of last year at the Goschen Central project are being prepared for assaying and results are expected shortly.
At pre-market open ADC shares were trading at 18 cents.
