AIC Mines Limited

And with that International Mining and Resources Conference (IMARC) 2024 comes to a close! Thank you to all the mining companies, service providers, and industry bodies who attended and gave the event a real buzz. It was great to see an encouraging presence from Queensland! Our MD Aaron Colleran sat on two panels, discussing QLD as an operating jurisdiction and the opportunities in the state, and financing and investment decisions, providing a 'borrower's' perspective. Thank you to the other panelists and especially to Dr Janelle Kerr and Michelle Lawson for chairing such interesting discussions. #IMARC2024 #mining #greentransition #copper #queensland

The September Quarter was a great Quarter – we delivered on guidance at Eloise, on promise at Jericho, and excellent drilling results at Eloise, Jericho and Regionally. With more to come! A1M.AX #copper

"The more we drill at Jericho the more we learn and the bigger it gets." - Aaron Colleran, MD Today we released an important update on drilling at Jericho and the regional Roberts Creek prospect. These results extend mineralisation at Jericho to 5km in strike length, while returning a significant Au-Cu intercept at Roberts Creek. Full details can be found here: https://lnkd.in/g_6fPG-i #AICMines #copper #A1M #australianmining #greenfuture

Today we released our Preliminary Final Report for FY24. Strong results off the back of meeting (and exceeding) our guidance ⛏ Revenue of $180.5m generating EBITDA of $51.8m marks respective 44% and 112% increases when compared to FY23. Net profit before tax increased by $18.4m, net assets increased by $64.8m (driven by the recent institutional placement), and cashflow from operations was $51.9m. The Company is well placed to deliver on the FY25 capital works program outlined in our 30 June 2024 Quarterly Report. See our announcements here: https://lnkd.in/g_6fPG-i NB. All comparisons vs FY23. #aicmines #copper #fullyearfinancials #mining #australia #greenfuture

Our values are Safety, Responsibility, Delivery and Transparency. Transparency is important in building trust. We value open relationships and communication based on integrity, cooperation, openness and trust, with our people, our stakeholders and the communities in which we operate. Hence the roundtable sessions and a presentation pack full of information.  

Today we announced our June Quarterly Report. 👇 Another great quarter capping off a great financial year.

There was plenty of interest in the copper plays at the RIU conference in Sydney last week- rightfully so we think. Check out our presentation by Aaron Colleran here 👇 https://lnkd.in/gMgSVVki

Check out our March Quarterly Report. Eloise produced 3,066t of copper in concentrate at an AISC of A$5.18/lb Cu sold and an AIC of A$5.49/lb Cu sold in the March 2024 Quarter. Production was in line with quarterly guidance and our Eloise Copper Mine is now clearly on track to exceed our full year production target of 12,500t Cu in concentrate at an AISC of A$5.00/lb Cu. A great result for the monsoon quarter and a quarter in which we transitioned levels in the Deeps sublevel cave.  

Recent work has highlighted the potentially significant impact that mineralisation at Swagman could have on the development of Jericho. Swagman is ideally located- approximately midway between Eloise and Jericho and therefore a high-priority target for further drilling.

If you missed it, you can read our recent Jericho Ore Reserve announcement below.