Page 1

AGC✶ ASX ANNOUNCEMENT 29 October 2021 Australian Gold and Copper Ltd ACN 633 936 526 HIGHLIGHTS QUARTERLY ACTIVITIES REPORT 30 SEPTEMBER 2021 CARGELLIGO : COPPER - GOLD - LEAD - ZINC TARGET Diamond drill hole ( 546m ) completed at Achilles with highly favourable geology and zones of disseminated copper , lead & zinc mineralisation observed Core is currently being cut and sampled with assays expected in December Phase 2 RC drilling completed with 2,821m drilled across 12 holes Returning encouraging copper ( Cu ) : ➤ 18m at 0.11 % Cu from 80m from A3RC013 ➤ 3m at 0.17 % Cu from 159m and ➤12m at 0.10 % Cu from 167m 85m at 0.13 % Cu from 165m , from A3RC014 including : ■ 1m at 0.59 % Cu from 167m ■ 25m at 0.20 % Cu from 206m 1m at 0.53 % Cu from 215m and 5m at 0.3 % Cu from 241m The broad copper zone in A3RC014 , strengthening with depth , above aerial EM conductor poses as a significant diamond drill target Aeromagnetic survey flown at 100m line spacing , increasing definition by 400 % MOOREFIELD : GOLD TARGET RC drilling at Moorefield Projects Boxdale - Elswick Road gold target mobilising in November once rig becomes available All land access and drilling permits have been received Australian Gold and Copper Ltd ( ASX : AGC ) ( “ AGC ” or the “ Company ” ) is pleased to report on its September quarter activities . Corporate Investor Presentation - Proactive Investors Webinar During the Quarter the Company held an Investor Webinar on Tuesday , 21 September 2021 which was presented by Glen Diemar ( Managing Director ) . AUSTRALIAN GOLD & COPPER LTD Email : info@austgoldcopper.com.au Phone : +61 8 9322 6009 Head Office : Suite 7 , 55 Hampden Road , Nedlands , WA 6009