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AIC Mines Limited ( (AU:A1M) ) has shared an announcement.
AIC Mines has launched its 2026 exploration drilling campaign at the Eloise Regional Project in North Queensland as the wet season ends, marking the start of an extensive field program near its Eloise copper mine. The program is designed to deliver transformational discoveries that could materially enhance near-term production and resource growth around the company’s existing operations.
The campaign includes 7,600 metres of diamond drilling and about 1,500 metres of reverse circulation drilling across 12 targets, most within 20 kilometres of the Eloise processing plant. Follow-up drilling will be conducted at Eloise South, Arlington and Defiance, along with deep drilling on the advanced Iris to Big Foot trend and a 4,500‑metre program at Jericho aimed at expanding resources at several shoots.
AIC Mines has also secured a A$203,500 Queensland government grant under the Collaborative Exploration Initiative to support drilling at the new Oro Grande prospect, 50 kilometres south of Eloise. Early-stage prospects across the 1,700 square kilometre Eloise Regional Project will be progressed using ground electromagnetic surveys and soil geochemistry, underscoring the company’s commitment to regional discovery and long-term copper growth.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.71 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 copper and gold assets through exploration, development and acquisition. The company owns the high-grade Eloise underground copper mine in North Queensland and is advancing a suite of nearby exploration projects prospective for copper and gold, with a strong focus on the Eloise regional district.
Average Trading Volume: 2,322,581
Technical Sentiment Signal: Buy
Current Market Cap: A$382.9M
For a thorough assessment of A1M stock, go to TipRanks’ Stock Analysis page.