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Asia

AIC Mines Says Drilling at Queensland Prospect Defines Anomalous Copper, Gold Mineralization

AIC Mines (ASX:A1M) said exploration drilling at the Iris prospect, near the Eloise copper mine in Queensland, defined anomalous copper and gold mineralization over a strike length of 1.5 kilometers, according to a Thursday Australian bourse filing.It encountered intercepts of 1.8 meters at 1.1% copper and 0.2 grams per tonne grade of gold from 317.2 meters, as well as 12 meters at 1% copper and 0.3 g/t grade of gold from 227 meters.Drilling at the Eloise South prospect, also located near the mine, intersected high-grade gold mineralization. This included an intercept of 3.2 meters at 92.5 g/t grade of gold from 446.4 meters.

ASX:A1M
Asia

AIC Mines Appoints CEO

AIC Mines (ASX:A1M) appointed Clint Donkin as chief executive, effective Oct. 31, according to a Wednesday filing with the Australian bourse.Managing Director Aaron Colleran will transition to the role of non-executive chairman, succeeding Josef El-Raghy, who will retire from the board, the filing added.

ASX:A1M
Asia

AIC Mines Issues Production Guidance for Queensland Copper Mines; Shares Gain 4%

AIC Mines (ASX:A1M) expects its Eloise and Jericho copper mines in Queensland to produce a combined 17,500 tonnes to 18,500 tonnes of copper in concentrate in fiscal 2027, weighted to the second half of the year, according to a Monday filing with the Australian bourse.The fiscal 2027 blended average all-in sustaining cost is expected to be in a range of AU$4.80 to AU$5.20 per pound of copper sold, the company said.AIC Mines also issued a fiscal 2028 combined production target for the two mines of 20,000 to 22,000 tonnes of copper in concentrate, with output expected to rise to between 25,000 and 27,000 tonnes in fiscal 2029.Commissioning of the stage one Eloise plant expansion to 1.1 million tonnes per annum and the ramp-up of underground production at Jericho is planned for the December quarter. Meanwhile, the stage two Eloise plant expansion to 1.5 million tonnes per annum is now targeted for completion in the December 2028 quarter, about two years earlier than previously planned, the company said.It added that no additional funding is required for the Eloise plant expansion or accelerated underground development at Jericho.AIC Mines shares gained nearly 4% in recent Monday trade.

ASX:A1M
Asia

AIC Mines Reports Higher June Quarter Production From Queensland Mine

AIC Mines (ASX:A1M) said its Eloise copper mine in Queensland produced 13,064 tonnes of copper and 6,621 ounces of gold in concentrate in the June quarter at an all-in sustaining cost (AISC) of AU$4.99 per pound, according to a Thursday Australian bourse filing.In the June quarter of 2025, Eloise produced 3,202 tonnes of copper and 1,612 ounces of gold in concentrate at an AISC of AU$4.58 per pound, an earlier filing showed.Combined Eloise and Jericho production in the June quarter of 2026 was 3,106 tonnes of copper and 1,706 ounces of gold in concentrate, with Eloise achieving an AISC of AU$6.15 per pound and an all-in cost (AIC) of AU$6.49 per pound, impacted by higher diesel prices and lower copper grades, the filing added.Eloise generated AU$63.3 million in net mine cash flow after capital investment of AU$57.2 million in fiscal 2026, providing funding support to the Jericho mine development and Eloise processing plant expansion, it added.

ASX:A1M
Asia

AIC Mines Receives High-Grade Copper, Gold, Silver Results From Queensland Deposit

AIC Mines (ASX:A1M) received high-grade copper, gold, and silver results from resource definition and extension drilling at the Jericho deposit in Queensland, according to a Wednesday filing with the Australian bourse.A surface program of resource definition drilling at the Jolly shoot intersected 3.1 meters grading 1.5% copper, 1.9 grams per tonne grade of gold, and 1.6 g/t grade of silver from nearly 208 meters, 8.1 meters grading 2.5% copper, 1.1 g/t grade of gold, and 2.5 g/t grade of silver from almost 123 meters, the filing said.Additionally, an underground program of resource definition drilling at the Jolly shoot returned higher copper, gold, and silver grades than expected, with results including 7.4 meters grading 2.1% copper, 0.5 g/t grade of gold, and 3.8 g/t grade of silver, per the filing.

ASX:A1M
Asia

AIC Mines Installs New Ball Mill at Queensland Copper Mine

AIC Mines (ASX:A1M) said it completed the installation of a new ball mill at its Eloise copper mine in Queensland on schedule, according to a Tuesday filing with the Australian bourse.The new mill has a nameplate capacity of 1.5 million tonnes per annum, and the installation allows mechanical assembly of the expanded grinding circuit to advance, per the filing.Commissioning is on track for the December 2026 quarter, the company said.

ASX:A1M
Asia

Rumble Resources Sells 50% Interest in Western Australia Project

Rumble Resources (ASX:RTR) said it and joint venture partner AIC Mines (ASX:A1M) have agreed to sell their respective interests in the Lamil project in Western Australia to Aventine Resources, according to a Thursday Australian bourse filing.Total consideration is AU$500,000 in cash, Aventine shares worth AU$600,000, and an aggregate 1% net smelter return royalty, with Rumble's share comprising AU$250,000 in cash, Aventine shares worth AU$300,000, and a 0.5% net smelter return royalty, the filing added.Completion is conditional on satisfaction of certain conditions, including heritage assignment and ASX and IPO-related confirmations by Aventine, it added.AIC Mines' shares fell 2% in recent Thursday trade.

ASX:A1MASX:RTR
Asia

AIC Mines Unit Signs Asset Swap Deal With Cooper Metals; Shares Up 3%

AIC Mines' (ASX:A1M) Demetallica Gold Mines subsidiary signed an asset swap agreement with Cooper Metals (ASX:CPM) for the sale of the Pyramid project in exchange for the Oorindi project in Queensland, according to a Tuesday filing with the Australian bourse.Consideration involves the mutual transfer of all rights, title, and interests in the Pyramid and Oorindi projects, and the issue of 15 million shares in the capital of Cooper Metals to Demetallica Gold Mines, the filing said.The deal also includes a deferred consideration of AU$250,000, contingent upon reaching a JORC inferred resource of at least 250,000 ounces of gold at a grade greater than 1 gram per tonne within five years of completion, per the filing.AIC Mines shares rose more than 3% in morning trade on Tuesday, while Cooper Metals were up 20%.

ASX:A1MASX:CPM
Asia

AIC Mines Posts Higher March Quarter Copper Production From Queensland Mine, Achieves Guidance; Shares Up 6%

AIC Mines (ASX:A1M) said copper production rose to 3,432 tonnes in the March quarter at its Eloise Mine in Queensland from 3,004 tonnes a year ago, with 1,692 ounces of gold in concentrate, achieving guidance, according to a Thursday Australian bourse filing.The company said Eloise generated AU$27.7 million in net mine cash flow after a capital investment of AU$14.5 million despite weather-related disruptions to concentrate sales, with the mine remaining on track to achieve fiscal 2026 production and cost guidance.Commissioning of the expanded 1.1 million tonne per annum Eloise processing plant remains on schedule for the December quarter, the filing added.The company said it held AU$31.1 million in cash as of March 31, up from AU$30.9 million as of March 2025.The company's shares rose past 6% in recent Thursday trade.

ASX:A1M

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