ACDC Metals (ASX: $ADC) Q1 2024 Drill Program Completion

ACDC Metals Limited (ASX: $ADC) has successfully completed its 2024 Q1 aircore drill program across the Douglas, Goschen Central, and North Watchem projects. The company drilled over 7,000 meters across the heavy mineral sand (HMS) and rare earth element (REE) projects to infill, extend, and discover new mineralization. Assays are being reported progressively, with key visual results supporting the previously disclosed new strandline discovery.

Executive Commentary on 2024 Q1 Drill Program

ACDC Metals CEO Tom Davidson expressed satisfaction with the drilling campaign, highlighting the objectives achieved at Goschen Central, North Watchem, and Douglas. The company's focus on grade increase at Goschen Central, further exploration at North Watchem, and confirmation of the new strandline at Douglas has yielded encouraging results. Davidson also mentioned the preparation of composites to enable mineralogy determination and increase confidence in the existing resource estimate, with a JORC estimate update expected mid-year.

Summary of New Strandline Discovery and Outlook

ACDC Metals (ASX: $ADC) has confirmed a new heavy mineral strandline discovery at the Douglas Project, with samples being prepared for shipment and assays due in Q2. The completion of the 2024 Q1 aircore drill program marks a significant milestone for the company, showcasing its commitment to exploration and development in the Murray Basin of western Victoria, Australia. The visual observations and field results have provided optimism for the potential of the discovered mineralization. ACDC Metals' ambitions to update the JORC estimate mid-year and expedite the samples through the laboratory reflect its proactive approach to advancing its projects. The company's focus on infill drilling and validation of interpreted strandlines demonstrates its dedication to maximizing the potential of its mineral assets.