ACDC Metals Limited announced that aircore drilling across the Company's heavy mineral sand ("HMS") and rare earth element ("REE") projects in western Victoria, Australia is well progressed, with first pass roadside drilling at both Watchem and Goschen Central completed. In addition, a program of closer spaced in-fill drilling at Goschen Central is also now complete, with roadside drilling now commenced at Douglas Project. Since listing in late January, the Company has completed more than 10,000m of drilling across all projects and is now well advanced on the exploration programs as outlined in the prospectus, in preparation for ACDC Metals maiden resource.

At the Douglas Project, 81 aircore holes (approximately 4,050 metres) are planned, with drilling commencing on May 2023. The program is designed to validate the location and style of mineralisation identified in historical drilling. Drilling will be undertaken on roadside verges at nominally 250m spacing.

When high grades are visually logged, tighter drill spacing will be implemented at 100m. Following the successful campaign of in-fill drilling at the Goschen Central project, samples from the completed 64 holes have been packaged and shipped to Perth.