City Investors Circle Initiating Coverage of AIC Mines

AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

 

 

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AIC MInes

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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Comment
I have been looking for a small cap copper and gold producer for some time, and when I came across AIC Mines, it fitted my criteria perfectly.
Always follow good managament, and I admired how Non-Executive Chairman Josef El-Raghy grew London listed Centamin Egypt to a mid cap gold producer that was acquired by Anglo Gold Ashanti in 2024.
Joseph had to contend with turbulent markets and political issues in Egypt thoughout his tenure, yet managed to grow the company though all that, not an easy task.
I like the projects in Australia, and one of my criteria is the ability for a company to scale, which AIC has in abundance looking at the project map.

 

City Investors Circle Initiating Coverage of AIC Mines

 

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AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

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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 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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AIC Mines

AIC project location map – Credits AIC Mines

 

 

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To View AIC Mines’ historical news, please click here

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Disclosure

At the time of writing the author holds shares in AIC Mines. 

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