What is the latest update from ACDC Metals (ASX:ADC) regarding its Nevada project?

ACDC Metals has officially commenced field operations at the Mount Jackson Gold-Silver project in the Walker Lane Trend, Nevada. The company has already completed an airborne geophysical survey (magnetics and radiometrics) and is currently interpreting that data to identify specific drilling targets.

Why is the Mount Jackson project location significant for ACDC Metals (ASX:ADC) investors?

The project is situated within the Walker Lane Trend in Nevada, a jurisdiction globally recognised for its mining-friendly regulations and high discovery potential. By operating in this region, ACDC Metals aims to benefit from rapid permitting processes and established infrastructure.

How has the project scale changed for ACDC Metals (ASX:ADC) recently?

Through additional staking of 164 BLM mine lode claims, ACDC Metals has increased the Mount Jackson project area from 3.6km2 to 13.3km2. This nearly four-fold expansion suggests a strategy aimed at long-term discovery and district-scale potential.

What is the current financial status of ACDC Metals (ASX:ADC) following its capital raising?

The company recently completed a placement that secured $870,000 in net proceeds after fees. Additionally, a rights issue is planned to raise a further $1.516 million to fund ongoing exploration and drilling activities.

What does the upcoming rights issue mean for existing ACDC Metals (ASX:ADC) shareholders?

The planned $1.516 million rights issue allows existing shareholders to purchase additional shares, typically to fund further exploration. While this provides the company with the "dry powder" needed for drilling, it may lead to equity dilution for those who do not participate.

ACDC Metals begins Nevada gold-silver exploration operations

Written by Heidi Cuthbert Published May. 11 2026Last Updated May. 11 2026

ACDC Metals (ASX:ADC) commenced field operations at its newly acquired Mount Jackson Gold-Silver Project, situated within the prolific Walker Lane Trend in Nevada, USA.

The rapid transition to "on-ground" exploration follows the company’s acquisition announcement on April 30, signalling a clear intent to capitalise on one of the world's most highly regarded mining jurisdictions.

A primary milestone in this initial phase is the successful completion of an airborne geophysical survey, encompassing both magnetics and radiometrics.

Technical teams are currently processing and interpreting this data, which will be integrated with existing geological and drilling records to define high-priority targets.

To facilitate the next stage of development, the company is actively securing a drilling rig.

Through additional staking, the company has consolidated 164 BLM mine lode claims, expanding the total project area from approximately 3.6km2 to a substantial 13.3km2.

The expansion provides the scale necessary for long-term discovery potential.

On the corporate front, the company confirmed the successful completion of a placement, receiving $870,000 post-fees.

A subsequent rights issue is planned to raise up to $1.5 million to further fund exploration activities.

CEO Tom Davidson expressed enthusiasm for the project’s scale and the rapid progress made, asserting that the consolidated position offers immense opportunity as the team moves towards drill target definition.

At the time of reporting, ACDC Metals’ share price was $0.056.