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ADC - ACDC Metals

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ACDC Metals Limited is a mineral exploration company incorporated with the aim of undertaking mineral exploration and resource development, focusing on heavy mineral sands projects located in Victoria, Australia, with the ultimate goal of producing heavy mineral sands (HMS) products and rare earth elements (REE).

ACDC has entered into binding acquisition agreements to acquire interests in the Goschen Central Project, the Douglas Project and the Watchem Project (together, the Projects). The Projects are located on the eastern edge of the Murray Basin, Victoria, Australia and are considered highly prospective for HMS, REE and other materials based on past exploration results.

In addition, the Company has entered into a licensing agreement with Canadian public company Medallion Resources Ltd (TSXV:MDL) (Medallion) to utilise its proprietary monazite processing technology, the Medallion Monazite Process (MMP Technology) to extract REE from monazite.

It is anticipated that ADC will list on the ASX during December 2022.

 
Listing date19 December 2022 #
Company contact detailshttps://acdcmetals.com.au/
Ph: +61 3 8548 7880
Principal ActivitiesMining
GICS industry groupTBA
Issue Price $0.20
Issue TypeOrdinary Fully Paid Shares
Security codeADC
Capital to be Raised$8,000,000
Expected offer close date09 December 2022
UnderwriterNot underwritten. PAC Partners Securities Pty Ltd (Lead Manager).
 

ACDC Metals (ASX:ADC) prepares for next round of drilling across its western Victoria projects​


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.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^ADC&p=0&t=1
 
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