ACDC Metals continues to make noise with high-grade HMS hits in Victoria

ACDC Metals (ASX: ADC) has obtained significant maiden drilling results from an initial aircore drilling campaign at the Goschen Central heavy mineral sands (HMS) and rare earth elements (REE) project in western Victoria.

The results have been obtained from the first phase program of 75 roadside aircore drill holes completed at Goschen Central in December 2022 and February 2023.

Significant intercepts from the program include: 4.0m at 10.91% from 33.0m within 14.0m at 4.48% from 26.0m; 4.5m at 10.37% from 31.5m within 12.0m @ 5.52% from 24.0m; 4.5m at 8.47% from 25.5m within 15.0m @ 4.72% from 19.5m; 6.0m at 8.44% from 28.5m within 19.5m at 3.02% from 19.5m; and 1.5m @ 8.33% from 33.0m within 12.0m at 2.89% from 27.0m.

The results have helped ACDC extend the project’s strike length to more than 10 kilometres.

Second phase results coming

Chief executive officer, Tom Davidson, said the first set of drilling assays have confirmed “extremely positive” high-grade heavy mineral sand mineralisation at the Goschen Central project.

“We are very encouraged by mineralisation observed, and particularly by a contiguous high-grade domain. These results place ACDC Metals in a strong position to advance a maiden mineral resource.”

ACDC successfully undertook a second phase of grid based aircore drilling in March and April.

Supported by an assessment of field logging obtained during phase one drilling, the second phase targeted a zone interpreted to be a prospective higher-grade part of the Goschen Central project.

Mr Davidson said further studies to identify valuable heavy mineral distribution (zircon, rutile, ilmenite, monazite) are progressing and that ACDC now has a good understanding of probable ratios.

Unfortunately, mineralogy results have been delayed due to a backlog at laboratories but are now progressing.

The studies include grain counting and QEMSCAN which will be utilised to assess the full heavy mineral assemblage of the results to date.

The company is currently planning to produce a resource estimate in the third quarter.

Cashed up for processing plans

The recently listed ACDC, is well funded following the $8 million raised as part of its IPO.

The company is investigating upside opportunities to capture additional value from any commercial HMS and rare earth elements discoveries and in particular, high-value monazite.

It has already held discussions with appropriate South Australian Government departments centred on the location of a potential monazite processing plant

ACDC plans to use the proprietary Medallion Monazite Process technology, which the company has an exclusive geographically sublicense.

A critical minerals grant application has also been submitted to accelerate a Medallion Monazite Process pilot program.