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An update from AIC Mines Limited ( (AU:A1M) ) is now available.
AIC Mines has achieved a major development milestone by driving an underground access from its Eloise copper mine into the Jericho copper deposit ahead of schedule, successfully intersecting the J1 lens and confirming mineralisation style, ground conditions and hanging wall competence in line with its geological model. This breakthrough materially reduces technical risk for the Jericho project, underpins mine design and planning, and supports the ongoing expansion of the Eloise processing plant from 725,000 tonnes per annum to 1.1 million tonnes per annum, positioning the company to lift copper output above 20,000 tonnes a year and advance trial mining, bulk sampling and further underground development at the Jolly and Matilda shoots.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on AIC Mines Limited stock, see the AU:A1M Stock Forecast page.
More about AIC Mines Limited
AIC Mines Limited is a growth-focused Australian resources company building a portfolio of gold and copper assets through exploration, development and acquisition. Its cornerstone operation is the high-grade Eloise underground copper mine in North Queensland, supported by a pipeline of copper and gold exploration projects across Australia.
YTD Price Performance: 7.63%
Average Trading Volume: 2,203,831
Technical Sentiment Signal: Buy
Current Market Cap: A$506.5M
For detailed information about A1M stock, go to TipRanks’ Stock Analysis page.