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AIC Mines Limited ( (AU:A1M) ) has provided an update.
Cooper Metals Limited has agreed an asset swap with AIC Mines to acquire 100% of the Pyramid Gold Project in North Queensland’s Drummond Basin, a prolific gold district hosting major deposits such as Pajingo and Mount Leyshon. The acquisition replaces Cooper’s non-core Oorindi Project and is expected to sharpen its exploration focus on high-grade gold and copper-gold opportunities.
The Pyramid project brings an established high-grade gold system, with historical drilling at the Gettysberg prospect and an largely untested 8 km structural corridor offering significant discovery potential. Cooper plans near-term fieldwork at Pyramid, a 1,400 m RC drill program at Ardmore North in Q2 2026, and will fund its expanded exploration program through a ~$979,500 placement, while AIC Mines is set to become its largest shareholder, deepening strategic alignment and reshaping the company’s shareholder base.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$1.10 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
Cooper Metals Limited is an Australian exploration company focused on copper and gold projects, with a portfolio that includes the Mt Isa East Project in Queensland. The company targets high-potential, underexplored mineral systems in established mining regions, aiming to build a pipeline of advanced exploration assets that can attract development capital and strategic partners.
Average Trading Volume: 2,309,979
Technical Sentiment Signal: Buy
Current Market Cap: A$446.7M
See more data about A1M stock on TipRanks’ Stock Analysis page.