AIC Mines Limited ( (AU:A1M) ) has issued an update.
AIC Mines Limited has announced a significant increase in its Mineral Resource estimates for its Eloise, Jericho, and Eloise Regional projects, following successful exploration and resource definition drilling in 2024. The Jericho project, in particular, saw a 33% increase in contained copper and a 39% increase in contained gold, with the Indicated Resource increasing by 54% in copper and 68% in gold. This expansion supports the potential for a material uplift in Ore Reserves and extends the life of the Eloise processing hub, enhancing AIC Mines’ position in the regional copper and gold market.
More about AIC Mines Limited
AIC Mines is a growth-focused Australian resources company specializing in the exploration, development, and acquisition of gold and copper assets. The company owns the Eloise Copper Mine in North Queensland and is advancing a portfolio of exploration projects for copper and gold.
YTD Price Performance: 66.47%
Average Trading Volume: 13,843
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $141.5M
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