AIC Mines (ASX: A1M)
Announced drilling results from the Oro Grande prospect, part of the Eloise Regional Project, located approximately 45 km south of the Eloise copper mine in Northwest Queensland.
The hole intersected two distinct zones of anomalous mineralisation, the lower zone returned the best result: 5.6m grading 5.1g/t Au from 493.0m. Continue reading
AIC Mines ASX: A1M)
Announced it has entered into binding agreements to acquire a 100% interest in Materra Metals, owner of the Mt Cuthbert Copper Project, for $120 million consisting of $100 million in new fully paid AIC Mines ordinary shares and $20 million in cash. Continue reading
Mining Review 23rd August 2026
What a week that was! A whopping 5% increase in the price of gold, and all courtesy of the US Treasury effectively running QE via the back door!
AIC Mines, Barton Gold, Capricorn Metals, and Lahontan Gold all announced discoveries or increased mineral resources. Continue reading
AIC Mines (ASX: A1M)
Announced drilling results from the Brumby prospect, Cannington Project, located 20 kilometres west of the Cannington mine and 100 kilometres south of the Eloise copper mine in northwest Queensland.
Hole (BRDD001) returned an exceptional result of 46.4m (41.8m ETW) grading 3.6% Cu and 1.0g/t Au. Continue reading
AIC Mines (ASX: A1M)
Announced the appointment of Clint Donkin as Managing Director and Chief Executive
Officer with effect from 31 October 2026 or such earlier date as agreed.
At the same time, the current Non-Executive Chairman, Josef El-Raghy, will retire from the Board after having served nine years in the role. Continue reading
AIC Mines (ASX: A1M)
Announced its FY27 Production and Cost Guidance, and FY28 and FY29 Production
Targets for the combined Eloise and Jericho copper mines.
This is an exciting period for the Company, as it transitions from a small-scale single mine operation to a 1.5Mtpa dual mine operation producing over 25,000tpa copper in concentrate.
AIC Mines (ASX: A1M)
Advised that the Eloise Copper Mine has exceeded its FY25 Production Guidance of 12,500t of copper and 5,000oz of gold in concentrate.
AIC was targeting full year FY25 production from Eloise of approximately
12,500t Cu and 5,000oz Au in concentrate at an AISC of approximately A$5.25/lb
Cu and AIC of A$5.50/lb Cu. Continue reading
Mining Review 22nd June 2025
A sombre week after the announcement of the tragic death of a worker in the Madsen Mine owned by West Red Lake Gold Mines.
Catalyst Metals and Meeka Metals announced positive drilling results. Continue reading
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. Continue reading
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. Continue reading
