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AIC Mines Limited ( (AU:A1M) ) has issued an announcement.
AIC Mines announced promising drilling results from the Jericho copper deposit, highlighting the Jolly shoot’s high-grade mineralization. The Jolly shoot’s proximity to the Jericho access drive could enable early mining ramp-up by March 2026, ahead of the main Matilda shoot. This development is expected to optimize the use of the Eloise processing plant’s spare capacity and facilitate early production, potentially enhancing stockpile levels before the expanded plant’s commissioning in December 2026.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.50 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 is a growth-focused Australian resources company aiming to build a portfolio of gold and copper assets through exploration, development, and acquisition. The company owns the Eloise copper mine in North Queensland and is advancing exploration projects for copper and gold.
YTD Price Performance: 23.53%
Average Trading Volume: 2,013,706
Technical Sentiment Signal: Buy
Current Market Cap: A$335M
Learn more about A1M stock on TipRanks’ Stock Analysis page.