AGC Secures AU$10.1 million Investment for Exploration Advancement

Australian Gold and Copper Ltd (ASX: AGC) has secured a transformative AU$10.1 million investment from Delin Mining Group Corporation Limited (Delin), marked by a Subscription Agreement. Delin will acquire 122,222,222 new fully paid ordinary shares at AU$0.082636 per share, a substantial premium over the previous day's closing price of AU$0.057. Following shareholder approval, Delin will own 55% of AGC's issued share capital. This capital injection enables AGC to expedite exploration activities across its portfolio, notably the South Cobar Project, housing five drill-ready targets. AGC Chairman, Mr. David Richardson, highlighted the investment's exceptional value in a capital-intensive environment and emphasized the attractiveness of their South Cobar Project's drill-ready prospects.

Delin's Chairman, Mr. Zhang Yong, expressed enthusiasm for AGC's exploration projects and the potential collaboration between the Australian mining industry and Southeast Asia. AGC's immediate plans include a maiden drill program for the Hilltop Target in the Cobar Basin, host to the CSA copper mine. The Strategic Investment will also fund exploration efforts at other South Cobar targets and support general working capital needs. This partnership represents a pivotal moment for AGC's growth and exploration endeavors.

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