ASX:A1M

3 stories mentioning ASX:A1M

Every FINWIRES story that references ASX:A1M, newest first.

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

Asia55d ago

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

Asia60d ago

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