AIC Mines Reports Increase in Mineral Resources at Australian Projects, Shares Up 4%

MT Newswires Live

Mar 19, 2025

AIC Mines (ASX:A1M) said mineral resources at its Eloise, Jericho, and Eloise regional projects in Queensland "significantly" increased after exploration and resource definition drilling was completed in 2024, according to a Wednesday Australian bourse filing.

Mineral resources increased to 19.2 million tonnes grading 2% copper and 0.4 gram per tonne of gold containing 381,000 tonnes of copper and 245,5000 ounces of gold, representing a significant 33% rise in contained copper and 39% increase in contained gold.

The indicated resource at Jericho jumped 54% in copper and 68% in gold, pointing to a potential material increase in ore reserves.

Combined mineral resources at Eloise, Jericho, Sandy Creek, and Artemis increased by 16% in contained copper and 14% in contained gold.

The company shares were up 4% in recent Wednesday trade.

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