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AIC Mines Limited ( (AU:A1M) ) has provided an announcement.
AIC Mines has reported significant increases in Mineral Resources and Ore Reserves at its Eloise Copper Mine and Jericho Copper Project in North Queensland as at 31 December 2025. The Eloise processing plant now has access to the largest resource base in its 30-year history, with combined project Mineral Resources up 10% to 31.2Mt and Ore Reserves up 14% to 10.2Mt, underpinning longer mine life and future production growth.
At Jericho, resource extension drilling has lifted Mineral Resources by 15% to 22.1Mt and Ore Reserves by 15% to 7.1Mt, with the orebody remaining open along strike and at depth. Recent underground development on the J1 lens has confirmed geological and geotechnical assumptions, materially reducing mining and ramp-up risk and strengthening AIC Mines’ position to benefit from surging global copper demand driven by electrification and infrastructure investment.
The most recent analyst rating on (AU:A1M) stock is a Hold with a A$0.49 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 pursuing a portfolio of gold and copper assets through exploration, development and acquisition. The company owns the high-grade Eloise underground copper mine in North Queensland and is advancing several nearby copper and gold exploration projects, positioning itself as a meaningful domestic producer in these key commodities.
YTD Price Performance: -22.03%
Average Trading Volume: 2,305,803
Technical Sentiment Signal: Buy
Current Market Cap: A$366.9M
Learn more about A1M stock on TipRanks’ Stock Analysis page.