AIC Mines (ASX: A1M)
Announced new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.
Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept, 5.5m (4.1m ETW) grading 2.4% Cu from 696m.
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Eloise Copper Mill – Credits AIC Mines
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| AIC Mines | ASX: A1M | |
| Stage | Production, development | |
| Metals | Gold, copper | |
| Market Cap | A$189 Million @ A$0.31 | |
| Location | Queensland, Australia | |
| Website | www.aicmines.com.au/ |
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AIC Mines High-grade depth extension at the Jericho Copper Deposit
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ASX ANNOUNCEMENT
12 June 2025
AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to
announce new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.
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Highlights
• Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept:
• JEDD074 – 5.5m (4.1m ETW) grading 2.4% Cu from 696m
• The result confirms that high-grade mineralisation continues at depth several hundred metres below the current Inferred Resources.
• Resource infill drilling at the Matilda and Matilda North shoots intersected the
following significant results:
• JEDD074 – 15.2m (11.4m ETW) grading 1.0% Cu from 422.8m
• JEDD075 – 10.0m (7.5m ETW) grading 1.4% Cu from 255m
• JEDD076 – 12.0m (9.0m ETW) grading 1.9% Cu from 137m, including
• 4.0m (3.0m ETW) grading 4.1% Cu from 145m
• JEDD077 – 7.0m (5.3m ETW) grading 1.2% Cu from 313m.
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Commenting on the results, AIC Mines’ Managing Director Aaron Colleran said:
“Intersecting high-grade mineralisation in a 380m step-out hole beneath the current resource is testament to the calibre of the Jericho deposit, and to the AIC Mines exploration team who have rapidly developed a comprehensive understanding of the controls on mineralisation.”
Jericho Copper Deposit
The Jericho copper deposit is located 4 kilometres south of the Eloise copper mine and processing plant.
Mineralisation at Jericho is defined over a strike length of 5 kilometres and remains open to the north and south. It commences at approximately 50m below surface and extends to a vertical depth of 650m below surface – the current limit of drilling.
Mineralisation occurs predominantly in two parallel lenses, J1 and J2, with higher grade shoots within these lenses, such as Jumbuck, Matilda and Billabong.
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ABOUT AIC MINES
AIC Mines is a growth focused Australian resources company.
Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.
AIC Mines owns the Eloise copper mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.
AIC Mines is also advancing a portfolio of exploration projects that are prospective for copper and gold.
CAPITAL STRUCTURE
Shares on Issue: 575,682,640
BOARD MEMBERS
Josef El-Raghy – Non-Executive Chairman
Aaron Colleran – Managing Director & CEO
CORPORATE DETAILS
ASX: A1M
www.aicmines.com.au
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in AIC Mines.
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